The eligibility criteria of the Citibank for the personal loan that the borrowers need to meet are as follows:
- Age: The age of the borrower needs to be in between 23 years to 58 years to be eligible for availing the personal loan from Citibank. The age is an important criterion as repayment capability of the loan is measured on the basis of it along with other factors.
- Domiciliary Status: The loans are offered to the Indian customers as well as the NRIs and the minimum amount of loan that one can avail is INR 1 lac. For this purpose, the loan applicants need to produce the documents which state their residential status.
- Occupation: Citibank offers loans to salaries and well as the self-employed customers. If the borrower is a salaried person then he or she needs to be in the profession for last three years or so when applying for the loan. If the borrower is self-employed, then the criteria like minimum profit per year or the minimum turnover per year should match the standard set by the bank.
- Income: The income of the borrower should match with the set criterion of the bank. It differs from salaried borrowers to the self-employed borrowers. The bank is very particular about the income of the borrower as it is the main criteria on which the ability of the borrower to repay the loan is measured.