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Citibank Personal Loan
Max Tenure
nil*
Best Rate
10.99%
Processing Fee
nil*
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Quick Links To Handle Your Personal Loan
Citibank Personal Loans
Citibank offers personal loans at attractive interest rates, flexible tenures, and affordable EMIs. In this way, you can fulfill your needs without compromising your savings and current budget. Avail a Citi personal loan and get funds quickly and easily.How to Apply for CitiBank Personal Loan
Highlights of CitiBank Personal Loans
| Interest Rate | 9.99% p.a. To 16.49% p.a |
| Processing Fee Range | 0.50% to 3.00% |
| Tenure Range | 1 to 5 years |
| Minimum monthly salary | Rs. 25,000 |
| Loan Amount | Rs. 30 Lakhs |
Comparison of CitiBank Personal Loan interest rate With Other Lenders
| Lender | Interest rates | Processing Fees |
|---|---|---|
| Citibank | 9.99% p.a. To 16.49% p.a. | 0.25% to 3.00% |
| Axis | 10.25% onwards | 1.5% to 2% |
| HDFC | 11.00% onwards | Up to 2.50% |
| ICICI | 10.75% onwards | Up to 2.50% |
| IndusInd | 11.00% | 2.5% onwards |
| Yes Bank | 10.99% per annum onwards | 2.50% (one-time fee) |
| Shriram City | 11.49% p.a. To 23% p.a. | 2.50% |
Benefits of Citibank personal loan
- Loan amounts up to Rs.30 lakh
- Competitive interest rates starting from just 9.99% p.a.
- Loan disbursal in just 48 hours
- You can get your personal loan eligibility in just 4 hours
- No collateral required
- Less paperwork
- Flexible repayment tenures ranging from six months to 60 months
- Part prepayment option
- Fixed interest rates for predicted monthly payments
Eligibility Criteria For CitiBank Personal Loans
| Age | Above 18 years of age. For more information, contact a Citibank official |
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| Net Salary | Contact the bank |
Documents For Citibank Personal Loans
Identity Proof Documents
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Residence Proof Documents
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Proof of Age
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Employment/Business Proof
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Income Proof
| Salaried | Self-employed |
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Citibank Personal Loan Fees and Charges
Citibank offers attractive interest rates on personal loans. The personal loan interest rates may vary between 9.99% to 16.49% per annum based on factors such as income, quantum of loan, loan tenure, and credit score.| Interest rate | applicable when signing the loan agreement |
| Stamp Duty | Applicable on the loan agreement and charged according to the existing state laws. |
| Late payment charges | Nil |
| Loan preclosure charges | Up to 4% on total principal due plus interest for the ongoing month |
| Booking fee | Up to 3.00% of the loan amount sanctioned. Deductible from the loan amount at the time of loan disbursal. |
Personal Loan Interest Rates For Salaried Individuals
Salaried Applicants: Categorized corporate
| Income | Loan Amount | ROI (%) Tenure Upto 4 years | ROI (%) Tenure >4 years | Processing fee (%) |
|---|---|---|---|---|
| Less than 5 Lakhs | 12.99 - 13.99 | 13.24 - 14.24 | 0.99 to 2.0 | |
| Less than 60k | 5 to 10 lakhs | 11.99 - 12.99 | 12.24 to 13.24 | 0.99 to 2.0 |
| Less than 60k | 10 Lakhs or above | 10.99 to 11.99 | 11.24 to 12.24 | 0.50 to 0.99 |
| Between 60k to 100k | 5 to 10 Lakhs | 11.50 to 12.50 | 11.75 to 12.75 | 0.99 to 2.0 |
| Between 60k to 100k | 10 Lakhs or above | 10.50 to 11.50 | 10.75 to 11.75 | 0.50 to 0.99 |
Interest rates and fees for Instant Personal Loans
| Rate of interest | Fee |
| 9.99% to 14.99% | Up to 2.00% |
EMI on DC
| Rate of interest | Processing fee |
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| 16% | 0% |
The above pricing grid changes according to periodic review. The final pricing, although remaining within the range mentioned above, will depend on your income, loan amount, loan duration, Citibank's internal credit parameters and the applicable rates at the specific time.
How to Apply For a Citibank Personal loan?
Before you apply for a Citibank personal loan, you can know more about it on the CreditMantri website.
Online Apply Through The Bank’s Website
1) On the official website of Citibank, go to the loans tab
2) Click ‘Apply For a Personal Loan’.
3) You will be forwarded to the application page.
4) The application will be processed only if you have a salary account with Citibank
5) Enter the details asked like Full name, mobile number, city, etc.
6) Click ‘Talk to us now’
7) An OTP will be sent to your mobile
8) Enter the OTP and submit the application.
9) A representative will contact you regarding the personal loan.
Offline
You can also apply for the Citi personal loan offline by going to the nearest Citibank branch. Thereafter, fill out the personal loan application and submit it.
Citibank personal loan customer care
Citibank provides 24/7 customer support through the citiphone facility. This facility is available from Monday through Saturday for loans, except on national holidays from 9 am to 7 pm. You can get in touch with Citibank personal loan customer care via the following ways:- 24/7 helpline number - 1860 210 2484.
- Citibank branch address
- Interactive Voice Response System
Citibank Personal Loans Interest Rates
Citibank personal loans interest rates range from 9.99% per annum to 16.49% per annum. Factors affecting the Citibank personal loan interest rates are, loan tenure, relationship with Citibank, repayment capacity, and employment details.Citibank Personal Loan Eligibility
There are some essential eligibility criteria that Citibank sets for its personal loans. They are credit score/history, income, employer reputation, length of employment/continuity of business, and location. Click here to know more about Citibank personal loan eligibility criteria.Citibank Personal Loan Status Check
If you have applied for a personal loan with Citibank, then, you will want to track the status of your application. You can track the Citibank personal loan application status through the following ways:- Loan form number
- Citibank loan account
- Reference number
- Mobile number
Citibank Personal Loan EMI Calculator
It is very important to compute the EMIs before you take a personal loan. It helps you plan your borrowings and loan payments as per your requirements. You can use the Citibank personal loan EMI calculator to know your personal loan EMI by entering the loan amount, interest rate, and loan tenure.Conclusion
Citbank offers personal loans for various purposes. The entire process is digital and the loan approval and disbursal are quick and hassle-free. Apply for a Citibank personal loan quickly and enjoy unmatched benefits.
Citibank Personal Loan FAQs
1. What are my loan limits?
Your personal loan limit would be determined by your income and repayment capacity. Normally you can avail Citi Bank personal loan between INR 10,000 to INR 30,00,000.
2. Can my spouse income be included for calculating the loan amount?
Yes, your spouse's income can be included provided he/she guarantees the loan or the loan is taken jointly.
3. Do I have to pledge some form of security?
No Security is Needed
4. What is the repayment schedule like?
The minimum amount that you are expected to pay every month is the EMI. You are allowed to pay more than the EMI if you wish to, and we do not charge any prepayment penalty.
5. What is EMI?
EMI stands for Equated Monthly Instalments. This instalment comprises both principal and interest components. Use the EMI calculator to find out your monthly payments based on the loan amount, the rate of interest and the repayment period. Choose the combination that best meets your financial resources and requirements.
6. What is the processing fee? Are there any other charges?
Processing charges range between1.00% to 3.00% of the loan amount. This is amongst the lowest fees in the industry. Processing fees have to be paid upfront. There are no hidden costs or other administrative charges.
7. Do I have the option of choosing a fixed or floating rate for the loan?
You have the option to avail the loan with either a fixed interest rate or a floating one. In the case of a fixed rate loan, the interest rate on the loan will remain fixed through the entire tenure of the loan, whereas in the case of a floating rate loan, the interest rate could decline or rise in line with the changes in the Bank's Medium-Term Lending Rate (SBMTLR).
8. How does Citi Bank Personal loan compare with those offered by other banks?
There is total transparency with regard to the rate of interest and the fees charged by us. Citi Bank offers personal loans at the cheapest rates of interest, with no security or collateral Citi Bank offer loans for the longest tenors (60 months), with the flexibility provided to reduce the tenor by prepaying the loan without any penalty. The Bank provides finance for any personal need or requirement; the total amount being determined on the basis of repaying capacity. With an Citi Bank personal loan, you can choose between fixed rates of interest and floating interest rates.
9. How can I apply for the Citi Bank personal loan?
You can either apply online or visit the nearest Citi Bank loan centre for a personal loan.
10. Will there be any charges for prepayment towards my Citi Bank personal loan?
No pre-payment charges are levied towards the personal loan. You can make part-prepayment at the nearest Citi Bank branches. However, you can make the prepayment only after 12 months.
11. Who are all eligible for Citibank personal loans?
The Citibank personal loan is currently available only for self-employed professionals, salaried individuals, and business owners. Existing Citibank customers with a Suvidha or a branch or mortgage relationship can avail a Citibank personal loan.
12. How can I verify my Citibank personal loan status?
First, you have to dial 1860 210 2484 to reach the 24/7 citiphone helpline. Next, you will have to tell your Citibank personal loan application number or form number. You will now obtain the status of your personal loan application. You can call this number regularly to check your application.
13. What is the interest rate given for Citibank personal loan?
Citibank provides personal loans at interest rates that are in the range of 9.99% p.a. - 16.49% p.a. The lender enables individuals to borrow up to Rs. 30 lakh. Borrowers can repay the loan amount upto a period of 60 months.
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