Compare & Choose from the Best Personal Loan OffersCitibank Personal Loan EMI Calculator will help you to find out your Personal Loan EMI and interest cost based on your loan amount, tenure and interest rate. It will help you to choose your loan amount and loan tenure based on your repayment capacity.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan at Attractive Interest Rates Apply Now
Personal Loan Interest Rate Comparison of different Banks
| Banks | Interest Rates (per annum) | |
| HDFC Bank | 10.25% – 21.00% | Apply Now |
| Axis Bank | 10.25% onwards | Apply Now |
| Kotak Mahindra Bank | 10.75% onwards | Apply Now |
| ICICI Bank | 10.25% onwards | Apply Now |
| IDFC First Bank | 10.49% – 23.00% | Apply Now |
Citibank Personal Loan EMI Calculation
Citibank uses the reducing balance method to calculate the EMI payable on its personal loans. The table below gives various possible EMIs with different combinations of loan amount, tenure and interest rate.
| Loan Amount (Rs.) | Interest Rate (p.a.) | Tenure (months) | EMI (Rs./month) |
| 1 lakh | 9.99% | 12 | 8,791 |
| 2 lakh | 12% | 24 | 9,415 |
| 3 lakh | 14% | 36 | 10,253 |
| 4 lakh | 15% | 48 | 11,132 |
| 5 lakh | 18% | 60 | 12,697 |
Factors Affecting Citibank Personal Loan EMI
The following are the key factors which affect Citibank personal loan EMI:
- Loan Amount: This refers to the principal amount borrowed. A higher loan amount usually results in higher EMI payouts, provided the loan tenure and interest rate are kept constant.
- Loan Tenure: It refers to the loan repayment tenure. A longer tenure usually leads to lower EMI payouts and vice versa. However, an increase in the loan tenure can lead to an increase in the total interest payout.
- Interest Rate: It is the rate at which the interest is charged on the amount borrowed. A higher interest rate usually results in higher EMIs.
- Interest Calculation Method: The interest calculation method used by the lender also affects the EMI amount. Generally EMIs calculated using the reducing balance method are slightly lower than those calculated using the flat rate method.
FAQs
Q1. How long can I take to repay my Citibank personal loan?
You can repay your Citibank personal loan over a period of 12 to 60 months.
Q2. Is it possible to prepay my personal loan?
Yes you can prepay your loan by either opting for full prepayment or partial prepayment. However, there may be certain additional charges involved in case you decide to prepay your Citibank personal loan.
Q3. When is my EMI payment due date?
The EMI payment due date for Citibank personal loans is on the 1st of every month, following the month of loan disbursement.
Q4. Does the bank levy any late payment charges in case of delays in EMI payments?
No, Citibank does not charge any late payment charges in case of delays in EMI payments.
Q5. How to autopay my Citibank personal loan EMIs?
You can use the Standing Instruction (SI) or ECS/ACH (Automated Clearing House) facility to autopay your Citibank personal loan EMIs.