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Citibank Personal Loan
Citibank Personal Loan is an unsecured loan that provides salaried and self-employed individuals with the financial means to fulfill their personal needs and goals. Whether it’s for home renovation, debt consolidation, a dream vacation, or an unexpected expense, a personal loan offers a lump sum of money upfront, which is paid back in monthly installments over a set period.
Unlock Best Personal Loan Offers From Citi Bank
CITI Bank Personal Loan
Interest Rate
10.75% - 16.49%
Loan Amount
₹50K - ₹30L
EMI Per Lakh
₹2,162 - ₹2,458
Processing Fees
Pre-Payment Charges
Features and Benefits of Citibank personal loan
It is one of the most popular financial institutions for personal loans. This is due to Citibank’s comfort and simplicity of banking. Customers looking for a personal loan can take advantage of a variety of incentives.
Feature | Description |
Citi Bank Loan Type | Unsecured Personal Loan |
Purpose | Marriage, Home renovation, Travel, Emergencies, etc. |
Interest Rates | 9.99% p.a. – 16.49% p.a. |
Loan Amount | 1 Lakh to Rs.30 lakh |
Processing Fees | Up to 3.00% |
Disbursal Time | Funds often available within 48 hours of approval |
Repayment Terms | Flexible options ranging from 12 to 59 months |
Eligibility Criteria | Salaried and self-employed individuals |
Citibank Personal Loan Interest Rate, Fees and Charges
Citibank offers competitive interest rates and a transparent fee structure for its personal loans. Here’s a summary of the interest rates, fees, and charges for a Citibank Personal Loan.
Interest Rate | As applicable at the time of signing the loan agreement |
Booking Fee* | Up to 3.00% of the loan amount sanctioned; deductible from the loan amount at the time of disbursal. |
Late Payment Charges | The payment instruction shall be presented from 1st of every month. There are no late payment charges. |
Loan Pre-closure Charges* | Up to 4% on total principal outstanding at the time of calculating the amount for full and final settlement of account; plus, interest for the ongoing month.
For a fuller understanding of the pre-closure process, please refer the FAQs. |
Stamp Duty | Applicable on the Loan Agreement and charged according to the prevalent State Laws. |
Factors affecting Citi Bank personal loan interest rates
The interest rates for Citibank Personal Loans are influenced by several factors, which include:
- Loan Amount: Typically, borrowing a larger sum may qualify you for a slightly lower interest rate compared to smaller loans.
- Loan Term (Repayment Period): Shorter loan terms (e.g., 12 months) often come with lower interest rates because you’re repaying the loan faster and posing less risk to the bank.
- Employment Status and Income: Stable employment and a healthy income demonstrate your ability to repay the loan. This can influence the interest rate offered.
- Existing Relationship with Citibank: Being a loyal Citibank customer (having a savings account, etc.) might get you a better interest rate on your personal loan.
Documents Required for Citi Bank personal loan
The following is a short list of documents required to apply for the loan:
Credit | Documents required |
Proof of Identity | Photograph (mandatory), PAN, Aadhaar Card, Driver’s Licence, Passport, Voter’s ID card, etc. |
Proof of Residence | Driving License, Passport, Voter’s ID Card, Letter from Employer, etc |
Proof of Age | Birth Certificate, School Leaving Certificate, Passport, etc |
Length of Employment | Letter from Employer, Old Pay Slip, Form 16, etc |
Proof of Income | Latest Salary Slip (not older than 3 months), 3 months bank statement, Latest Form 16 |
How the EMI calculation works for Citi Bank personal loans?
Before applying for a Citibank Personal Loan, candidates can use an online Personal Loan Eligibility Calculator to evaluate their eligibility. Within minutes, you may assess your eligibility for a Citi personal loan by submitting basic information such as your salary, desired loan amount, and whether you are salaried or self-employed.
FAQs
From refinancing to reducing your interest, we have the answers right here.
Is Opting for A Citi Bank Personal Loan Worth It?
Personal loans may be used for nearly any purpose and might be a useful option in some cases. If you have a steady income and a decent credit score, getting a personal loan is an excellent choice since you will be offered a cheap interest rate.
What Is The Minimum Salary For A Personal Loan?
Monthly income of minimum Rs. 25,000 is required to be eligible for Citi Personal Loan.
Does Citi Bank Provide Personal Loan at the best rate?
Citibank provides personal loans with interest rates ranging from 9.99 percent to 16.49 percent per annum. Individuals can borrow up to Rs.30 lakh from the lender.
What is the interest rate of personal Loan in Citi Bank?
Interest rate for Citibank personal loan starts from 9.99% onwards.
Does Citi Bank have a fixed rate of interest on a personal Loan?
No, Citi Bank does not have a fixed rate of interest on a personal loan. This interest rate depends on various factors such as borrower’s income, loan amount, tenure, credit score etc.
How to check personal Loan Status in Citi Bank?
You must first call the Citi Bank helpline at 1860 210 2484, which is available 24 hours a day, seven days a week. The next step is to provide your Citibank Personal Loan application number, also known as a form number. The status of your personal loan application will now be provided to you. You can phone this number on a frequent basis to keep track of your application.
Does Citi Bank Checks for CIBIL Score for personal Loan?
For a personal loan, a CIBIL score of 720 to 750 is required. This score indicates that you are creditworthy, and lenders will swiftly accept your personal loan application.
What is the maximum and minimum personal Loan amount I can get from Citi Bank?
Currently the minimum personal loan amount offered is Rs. 10,000 while the maximum limit for a Citibank personal loan is Rs. 30 lakh.
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Citi Bank Personal Loan Quick Links
Bank Wise Personal Loan EMI Calculator
- Lic Housing Finance Personal Loan Calculator
- Punjab Sind Bank Personal Loan Calculator
- Indian Bank Personal Loan Calculator
- Hdfc Bank Personal Loan Calculator
- Bank Of Maharashtra Personal Loan Calculator
- Hsbc Personal Loan Calculator
- Canara Bank Personal Loan Calculator
- Axis Bank Personal Loan Calculator
- State Bank Of India Personal Loan Calculator
- Rbl Bank Personal Loan Calculator
- Bank Of India Personal Loan Calculator
- Karnataka Bank Personal Loan Calculator
- Federal Bank Personal Loan Calculator
- Deutsche Bank Personal Loan Calculator
- Union Bank Of India Personal Loan Calculator
- Yes Bank Personal Loan Calculator
- Dcb Bank Personal Loan Calculator
- Idfc First Bank Personal Loan Calculator
- Kotak Bank Personal Loan Calculator
- Indusind Bank Personal Loan Calculator
- Idbi Bank Personal Loan Calculator
- Icici Bank Personal Loan Calculator
- Bank Of Baroda Personal Loan Calculator
- Punjab National Bank Personal Loan Calculator
Personal Loan By Banks
- Bank of Baroda Personal Loan
- Axis Bank Personal Loan
- HDFC Bank Personal Loan
- ICICI Bank Personal Loan
- Bajaj Finserv Personal Loan
- IndiaBulls Personal Loan
- Canara Bank Personal Loan
- Union Bank of India Personal Loan
- DHFL Personal Loan
- YES Bank Personal Loan
- Federal Bank Personal Loan
- IndusInd Bank Personal Loan
- State Bank of India Personal Loan
- Hero FinCorp Personal Loan
- Punjab National Bank Personal Loan
- IDFC FIRST Bank Personal Loan
- IDBI Bank Personal Loan
- Kotak Bank Personal Loan
- MoneyWide Personal Loan
- Ujjivan Small Finance Bank Personal Loan
- Muthoot Finance Ltd Personal Loan
- Shriram Urban Co Operative Bank Limited Personal Loan
- Tata Capital Housing Finance Limited Personal Loan
- HDFC Sales Personal Loan
- Indian bank Personal Loan
- Capital First Ltd. Personal Loan
- Poonawalla Fincorp Limited Personal Loan
- Tata Capital Financial Services LTD Personal Loan
- Clix Capital Personal Loan
- Aditya Birla Finance Limited Personal Loan
- L&T Finance Personal Loan
- HSBC Personal Loan
- Reliance Capital Personal Loan
- Bank of India Personal Loan
- Fullerton India Personal Loan
- PaySense Personal Loan
- IIFL Finance Personal Loan
- InCred Financial Services Personal Loan
- Edelweiss Financial Services Personal Loan
- DCB Bank Personal Loan
- Punjab & Sind Bank Personal Loan
- Bank of Maharashtra Personal Loan
- karnataka bank Personal Loan
- AU Small Finance Bank Personal Loan
- karur Vysya Bank Personal Loan
- RBL Bank Personal Loan
- FT Cash Personal Loan
- Loantap Credit Products Private Limited Personal Loan
- Privo Personal Loan
- Prefr Personal Loan
- CASHe Personal Loan
- Deutsche Bank Personal Loan
Citi Bank Quick Links
- CITI Bank Business Loan Calculator
- CITI Bank FD (Fixed Deposit) Calculator
- Citibank Loan Against Property (LAP) Calculator
- Citibank Home Loan EMI Calculator
- CITI Bank Recurring Deposit (RD) Calculator
- Citibank Recurring Deposit (RD) Calculator
- Citi Bank Loan Against Property
- Citi Bank Business Loan
- Citi Bank Home Loan
- Citi Bank Ifsc Code
Bank Wise Home Loan Eligibility Calculator
- SBI Home Loan Eligibility Calculator
- HDFC Home Loan Eligibility Calculator
- Axis Bank Home Loan Eligibility Calculator
- ICICI Home Loan Eligibility Calculator
- LIC Home Loan Eligibility Calculator
- PNB Home Loan Eligibility Calculator
- Canara Bank Home Loan Eligibility Calculator
- Bank of Baroda Home Loan Eligibility Calculator
- Bank of India Home Loan Eligibility Calculator
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