Citi Bank is known for its quick and convenient services when it comes to offering personal loans in India. Both salaried professionals and self-employed individuals can avail personal loan from Citibank in order to meet their financial requirements like a medical emergency, long- due vacation, shopping, wedding, etc. This loan can be availed upto Rs. 30 lakh and you can check your eligibility for this loan in just 4 hours. With low interest rate, Citibank personal loan offers flexible repayment options ranging from 12 to 60 months.
Citibank Personal Loan Features:
Some of the features and benefits of Citi Bank Personal Loan are:
- High Loan Value: Citi Bank offers personal loan up to Rs 30 lakh catering to all the financial needs without any hassle.
- Low Interest Rate: Personal Loan interest rate offered by Citibank starts from 10.99% and ensures to offer you affordable EMIs.
- Quick Eligibility Check: The online application from Citi Bank is simple and convenient. One can apply for a personal loan from Citi Bank and expect to get eligibility in just 4 hours.
- Quick Loan Disbursal: With Citi Bank’s personal loan, the decision time is 4 hours after the individual has applied through ‘Click 4 Call’.
- Flexible tenure: Citibank offers flexible repayment options ranging from 12 to 60 months.
*The final amount, loan tenure and interest rate will be subject to Loan Applicant’s eligibility on the basis of bank’s criteria.
Citibank Personal Loan Interest Rates:
Citibank personal loan interest rates can vary anywhere between 10.99% and 18.00% per annum and an individual’s personal loan is influenced by his income, CIBIL score, quantum, loan tenure, age, employer, repayment ability, etc.
Salaried Applicants: Categorized corporate
|Income Category||Loan quantum||Rate of Interest||Fee|
|Net Take Home < 60K per month||Less than 5 lac||13.50% – 14.50%||0.99% – 2.0%|
|Between 5 & 10 lac||12.75% – 13.75%||0.99% – 2.0%|
|Higher than or equal to 10 lac||11.75% – 12.75%||0.25% – 0.50%|
|Net Take Home between 60K & 100K per month||Less than 5 lac||13.25% – 14.25%||0.99% – 2.0%|
|Between 5 & 10 lac||12.00% – 13.00%||0.99% – 2.0%|
|Higher than or equal to 10 lac||11.24% – 12.24%||0.25% – 0.50%|
|NTH >=100K per month||Less than 10 lac||11.24% – 12.24%||0.99% – 2.0%|
|Higher than or equal to 10 lac||10.99% – 11.99%||0.25% – 0.50%|
Self Employed Applicants: Non-professionals
|Income (Annual Gross Take Home) in Rs.|
|Up to 9.99 Lacs||> 10.00 Lacs|
|Rate of Interest||17.99% – 18.99%||17.49% – 18.49%|
|Processing Fee||2.00% – 3.00%|
Self Employed Applicants: Professionals
|Income (Annual Gross Take Home) in Rs.|
|Up to 9.99 Lacs||> 10.00 Lacs|
|Rate of Interest||17.00% – 17.99%||16.00% – 16.99%|
|Processing Fee||2.00% – 3.00%|
Citibank Personal Loan- Fees and Charges
|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.|
|Stamp Duty||Applicable on the Loan Agreement and charged according to the prevalent State Laws.|
* Goods and Services Tax (GST) and other Government taxes and levies as applicable will be levied on all fees and charges.
Citibank Personal Loan- Documents Required
|For Salaried Individuals||For Self-Employed|
|Proof of Identity: (Any one of the following)||Proof of Identity: (Any one of the following)|
|Proof of Address: (Any one of the following)||Proof of Address: (Any one of the following)|
|Proof of Age: (Any one of the following)||Proof of Age: (Any one of the following)|
|Length of the Business: (Any one of the following)||Length of the Business: (Any one of the following)|
|Proof of Income and Occupation: (Any one of the following)||Proof of Income and Occupation: (Any one of the following)|
Citibank Personal Loan- Eligibility Criteria
Citibank personal loan is available for the following individuals:
- Salaried professionals, self- employed individuals and business owners.
- Existing Citibank customers with a Suvidha, Branch or a Mortgage relationship.
Citibank Top- Up Personal Loan
If you are an existing Citibank personal loan customer, you have a facility to avail additional funds from Citibank. Fill the form available on the website or SMS PL to 52484 to apply for a top- up loan and the Citibank’s representatives will call you immediately to take the procedure further.
Citibank Personal Loan- Full and Part Pre- Payment
For those personal loans that are booked on or after 1st October, 2015, an individual can close the loan amount in full after the 12th installment. For those personal loans that have been booked before 1st October, 2015, you can close your loan amount in full after the 6th installment. Also, partial part- payment can also be done after 12th installment and to make prepayments either in full or part, you need to contact the customer care of Citibank.
How to Apply for Citibank Personal Loan Online?
If you want to get a personal loan from Citibank, the process to apply for it is easy. All you need to do is to apply for a personal loan through Paisabazaar.com
Fill up an online
Your application would be
sent to Citibank for review
Citibank will process
your loan application and
will contact your for further
Here is why you should apply for a personal loan through Paisabazaar:
- Wide options: With more than 30 partner banks and NBFCs, Paisabazaar allows you to explore various personal loan options under one roof instead of visiting each of the lender’s website individual. This way, you save a lot of time and choose the best option.
- Compare before you apply: At Paisabazaar, you not only explore various lenders but also get to compare the loan amount, interest rate, processing fee, tenure and other terms and conditions that they are offering and choose the appropriate one as per your convenience.
- Easy to apply: The process to apply for a personal loan is completely digitalized at Paisabazaar. You can apply for the desired personal loan from the comfort of your home or office without any inconvenience.
- Complete assistance: The customer care team of Paisabazaar offers you full assistance throughout your loan application and approval process. If you have any query, you can get in touch with the executives to get an instant solution.
How to Apply for Citibank Personal Loan Offline?
Applying for a personal loan offline is also convenient and hassle free. To avail Citibank’s personal loan offline, you can either call the customer care at 1860 210 2484 or can send an email to the bank here. Apart from this, you can also visit the nearest branch of ICICI bank to fill the application form.
Citi Bank Personal Loan VS Personal Loan Offers from Other Lenders
|Particulars||Citi Bank||Axis Bank||HDFC Bank||ICICI Bank||Bajaj Finserv|
|Interest Rate||Starting from 10.99%||16% to 24%||15.50% to 21.50%||11.25% to 22.00%||Starting from 12.99%|
|Tenure||12 to 60 months||12 to 60 months||12 to 60 months||12 to 60 months||12 to 60 months|
|Loan amount||Upto Rs. 30 lakh||Rs. 50,000 to Rs. 15 lakh||Upto Rs. 40 lakh||Upto Rs. 20 lakh||Upto Rs. 25 lakh|
|Processing Fee||Upto 3% of the loan amount||2% of loan amount plus GST||Upto 2.50% of the loan amount||Upto 2.25% of loan amount plus GST||Up to 3.99% of the loan amount|
Frequently Asked Questions
Ques: How can I apply for Citi Bank personal loan through Paisabazaar?
Ans: Applying for Citibank Personal Loan is convenient and easy. All you need to do is to follow the below mentioned steps to apply for a personal loan through Paisabazaar:
- Click here.
- Fill the form with your basic information.
- Click on proceed to process your loan application.
Ques. What is the Personal Loan tenure offered from Citi Bank?
Ans: The repayment tenure of Citi Bank Personal Loan ranges between 12-59 months.
Ques: Is it possible to compare the interest rates of various banks and NBFCs at Paisabazaar?
Ans: Yes, at Paisabazaar you can compare interest rates offered by different banks and NBFCs under one roof. Click here to check all the interest rates.
Ques: How do I get in touch with Paisabazaar’s customer care?
Ans: You can call on the toll- free number 1800 208 8877 (9am to 9pm) or you can send an email at email@example.com
Ques: What is the timeline to find out your eligibility for Citi Bank personal loan?
A: The Bank takes 4 hours for decision on the Personal Loan especially when the Loan Applicant has applied through ‘Click 4 Call’.
Ques: How can we contact the Citi Bank Customer Care executive?
Ans: Citi Bank offers 24×7 Citi Phone service applicable across India. For Credit Cards/CitiBanking/Suvidha/Loans*/Citi Priority/Business the Toll Free number is 1860- 210- 2484
*Operational Between 9 am – 7 pm (Monday to Saturday) except on the National Holidays.
For individuals residing outside of India, the Bank executives can be contacted at +91 22 4955 2484
Ques: When should I start making EMI payments?
Ans: You will have to start paying the first EMI from the second succeeding month. Let’s say, if you have booked a personal loan in February, your EMIs would start from 1st April and the interest that would be due for the month of booking would be deducted during disbursal.
Ques: How can I top- up my personal loan?
Ans: If you are an existing Citibank personal loan customer, you can either fill the form available in ‘Click 4 Call’ section or you can SMS PL to 52484.
Ques: How much is the loan booking fee?
Ans: When your personal loan is approved, a loan booking fee of upto 2.75% of the loan amount will be charged.
Ques: How will I pay the loan booking fee?
Ans: The loan booking fee would be deducted from the loan amount that would be sanctioned at the time of disbursal.
Ques: Is it possible to pre-pay my personal loan?
Ans: Yes, you have two options to pre-pay your personal loan and they are full pre- payment and partial pre- payment. You can do a full pre-payment by settling the entire loan outstanding by making a one single payment or you can also make a partial pre- payment. To make the prepayments, you will have to get in touch with the customer care at 1860 210 2484.[/vc_column_text][/vc_column][/vc_row]