Citibank Personal Loan Highlights | |
Interest Rates | 10.75% – 16.49% p.a. |
Tenure | 1 – 5 years |
Loan Amount | Rs 50,000 to Rs 30 lakh |
Processing Charges | Up to 2% of loan amount |
Table of Contents

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Citibank Personal Loan Interest Rates
The interest rate (fixed) for Citibank Personal Loan varies from 10.75% to 16.49% p.a. based on the applicant’s quantum of loan, income, credit score and loan tenure.
For salaried applicants working with categorized corporates (tenure up to 4 years)
Income | Loan Amount | Interest Rate |
Net take home lower than Rs. 60,000 | Less than Rs 5 lakh | 12.99% – 13.99% |
Rs 5 lakh and above but less than Rs 10 lakh | 11.99% – 12.99% | |
Rs 10 lakh and above | 10.99% – 11.99% | |
Net take home Rs. 60,000 and above but less than Rs 1 lakh | Less than Rs 5 lakh | 12.25% – 13.25% |
Rs 5 lakh and above but less than Rs 10 lakh | 11.50% – 12.50% | |
Rs 10 lakh and above | 10.50% – 11.50% | |
Net take home above Rs 1 lakh | Less than Rs 10 lakh | 10.50% – 11.50% |
Rs 10 lakh and above | 10.50% – 11.50% |
For salaried applicants working with categorized corporates (tenure above 4 years)
Income | Loan Amount | Interest Rate |
Net take home lower than Rs 60,000 | Less than Rs 5 lakh | 13.24% – 14.24% |
Rs 5 lakh and above but less than Rs 10 lakh | 12.24% – 13.24% | |
Rs 10 lakh and above | 11.24% – 12.24% | |
Net take home Rs. 60,000 and above but less than Rs 1 lakh | Less than Rs 5 lakh | 12.50% – 13.50% |
Rs 5 lakh and above but less than Rs 10 lakh | 11.75% – 12.75% | |
Rs 10 lakh and above | 10.75% – 11.75% | |
Net take home above Rs 1 lakh | Less than Rs 10 lakh | 10.75% – 11.75% |
Rs 10 lakh and above | 10.75% – 11.75% |

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Compare Interest Rates on Personal Loans from Top Banks and NBFCs
Banks/NBFCs | Interest Rates(p.a.) | |
HDFC Bank | 11.00% onwards | Apply Now |
SBI | 10.90%-15.40% | |
ICICI Bank | 10.75% onwards | Apply Now |
Axis Bank | 10.49% onwards | Apply Now |
Kotak Mahindra Bank | 10.99% onwards | Apply Now |
IndusInd Bank | 10.49% onwards | Apply Now |
IDFC First Bank | 10.49% onwards | Apply Now |
Bajaj Finserv | 11.00% onwards | Apply Now |
Tata Capital | 10.99% onwards | Apply Now |

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Citibank Personal Loan Processing Fees and Charges
Particulars | Rates |
Processing fees | Up to 2% of loan amount |
Booking fees | Up to 3% of the sanctioned loan amount deductible at the time of disbursal |
Late payment charges | Nil |
Loan pre-closure charges | Up to 4% on the total principal outstanding plus interest for the current month |
Stamp duty | Applicable on the loan agreement (the amount is based on the prevalent state laws) |
GST and other govt. taxes & levies are applicable on all fees and charges mentioned above
Loan Amount for Citibank Personal Loan
The loan amount under Citibank Personal Loan within the range of Rs 50,000 to Rs 30 lakh.

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Conditions for Full and Partial prepayment for Citibank Personal Loan
For full prepayment of personal loans:
- Borrowers can close their loan after 12 months if the tenure had commenced on or after October 1, 2015
- Borrowers can close their loan after 6 months if the tenure had commenced prior to October 1, 2015
For partial prepayment of personal loans are:
- Borrowers can close their loan after 12 months
- They should pay the EMIs for at least 12 consecutive months since the loan booking date
- The prepayment amount is equal to minimum of 2 and maximum of 5 EMIs
Eligibility Criteria for Citibank Personal Loan
The following parties are eligible for a Citibank Personal Loan:
- Salaried individuals
- Self-employed professionals
- Business owners
- Existing Citibank customers with a home loan, Suvidha salary account or other branch banking relationship
No income or address proof is required for the loan eligibility process

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Documents Required for Citibank Personal Loan
For Citibank Suvidha (salary) account holders, the documentation process for availing personal loans is minimal. For other applicants, the required documents for personal loan are as follows:
Proof of identity (for salaried and self-employed)
- Photograph (mandatory)
- Passport
- Voter ID Card
- Driving License
- Job Card issued by NREGA and signed by an officer of state government
- Proof of possession of an Aadhaar number (Aadhaar/E-Aadhaar)
- National Population Register (with details of name and address)
Additional proof of identity documents (for expats)
- Valid VISA
- Valid Passport
Proof of residence and age (for salaried and self-employed)
- Passport
- Voter ID Card
- Driving License
- Job Card issued by NREGA and signed by an officer of state government
- Proof of possession of an Aadhaar number (Aadhaar/E-Aadhaar)
- National Population Register (with details of name and address)
Additional proof of residence documents (for expats)
- Valid VISA
- Valid Passport
- Letter issued by a foreign mission/embassy in India
- Document issued by govt. departments of foreign jurisdiction
Proof of length of employment (for salaried)
- Letter from employer
- Pay Slips/Form 16 from current and previous employer(s)
- HR check by a Certified Public Accountant (CPA)
Proof of continuity of business (for self-employed)
- Rent receipts or lease deed
- Utility bills
- Ownership documents
- Bank statement for past 3 years
- Tax returns (from the same city)
Proof of income and occupation (for salaried)
- Last 2 pay slips (not older than 3 months)
- Bank statement of last 3 months
Proof of income and occupation (for self-employed)
- IT returns of 1 year
- Audited Profit & Loss Statement of 1 year
- Bank statement of last 3 months
- Computation of income schedule

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Frequently Asked Questions (FAQs)
Q1. What is the turn-around-time for Citibank personal loan disbursal?
Loan amount is generally credited to your Citibank account within 48 hours of a personal loan application being approved. In case your personal loan is to be disbursed to the savings account of a different bank, it may take a bit longer.
Q2. Can I change the loan tenure or EMI amount once my loan application is approved?
No, you cannot change Citibank personal loan tenure or EMI amount once the loan has been sanctioned. You can however part pre-pay or foreclose the loan as per applicable terms and conditions.
Q3. What is the minimum and maximum limit for Citibank personal loan?
Currently the minimum personal loan amount offered is Rs 50,000 while the maximum limit for a Citibank personal loan is Rs 30 lakh.
Q4. What is Citibank instant personal loan?
Citibank instant personal loan is a pre-approved loan offer available to select individuals where funds are generally credited within 30 minutes of application. It does not require any documentation and the entire procedure of loan approval and disbursal can be completed over phone or through the online banking portal.
Read more about How to Get Instant Personal Loan from Citibank?
Q5. How to use an EMI calculator?
Paisabazaar EMI calculator is an easy-to-use tool, where you can provide the desired loan amount, interest rate and tenure to get the EMI amount.
Q6. How is Citibank personal loan interest rate calculated?
Citibank personal loan interest is calculated using the following formula: Interest at the time of loan disbursal = (Loan Outstanding x ROI% X number of days remaining in a month) / [365 + (ROI X Number of days remaining in the month)]Interest for every subsequent month = (Loan Outstanding x ROI%) x (Number of days in a month/365 days)Where:ROI – Rate of Interest“365” is replaced by “366” in case of a leap year.
Q7. How does credit score impact my loan application?
Credit score is a 3-digit number that generally ranges from 300-900 and serves as a measure of your repayment ability as well as creditworthiness. It is one of the first things that a lender checks when you apply for a loan. Greater you credit score i.e. closer to 900, better are the chances of loan approval. You can check your credit score for free with Paisabazaar.com.
Q8. How often will I get the Citibank personal loan account statement?
Citibank personal loan account statement is issued annually on the 31st of March and sent via post to your address. Thus, ensure that you have your most recent address updated with the bank.
Q9. Can I get a copy of my Citibank personal loan account statement before end of the year?
Yes, you can request a statement of your loan account by contacting CitiPhone helpline or by logging on to your Citibank online banking platform using your Citibank Online IPIN.
Q10. Can I get a top-up loan on my existing Citibank personal loan?
Citibank personal loan top up offers are available only to select individuals who already have a partially paid off personal loan from Citi. You have to log into your online banking account or call up the Citibank Helpline in order to check if you qualify for a Citibank top-up loan. The interest rate, quantum and tenure in such cases differ from one applicant to another.
Please Note: Citibank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.