Citibank 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 finances. The loan can be availed upto Rs. 30 lakh with low interest rate and flexible repayment options ranging from 12 to 60 months.
Citibank Personal Loan - Features and Benefits
- 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
Citibank Personal Loan - Interest Rate, Fees and Charges
| Interest Rate | Starting from 10.99% |
| Interest Calculation | Interest deducted at disbursal would be calculated as: (Loan outstanding x ROI% x Number of days remaining in a month)/[365$ +(ROI#% x Number of days remaining in a month)]. Interest for every subsequent month would be charged as : Loan outstanding x ROI#%x (Number of days in a month/365$ days). #ROI= Rate of interest |
| 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. |
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- 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 Personal Loan - Documents Required
| For Salaried Individuals | For Self-Employed |
| Proof of Identity: (Any one of the following) · Valid Passport · Driving License · PAN · Aadhaar Card · Voter ID Card · Person of Indian Origin card · Overseas Citizen of India card · NREGA issued Job Card · UIDAI issued letters · Photograph is mandatory | Proof of Identity: (Any one of the following) · Valid Passport · Driving License · PAN · Aadhaar Card · Voter ID Card · Person of Indian Origin Card · Overseas Citizen of India Card · Professional license with Photograph · Trade License with Photograph · Photograph is mandatory |
| Proof of Address: (Any one of the following) · Driving License · Passport · Utility Bill of last 3 months with name and address on it · Ration Card · Letter from Employer · Rent Agreement Copy / Property registration document in the name of the Loan Applicant · Last 3 month’s bank account statement, signed and stamped by the existing Banker · Mutual Fund statement · Updated Aadhaar card · Latest IT Return · Overseas citizen of India card · Original Letter from company · Person of Indian origin card · Voter ID Card · Valid Identity Card | Proof of Address: (Any one of the following) · Driving License · Passport · Utility Bill of the last 3 months with name and address · Ration Card · Letter from Employer · Rent Agreement Copy / Property registration document in the name of the Loan Applicant · Last 3 month’s bank account statement, signed and stamped by the existing Banker · Mutual Fund statement · Overseas Citizen of India card · Latest IT Return · Person of Indian Origin · Voter ID Card · Updated Aadhaar card · Valid Identity Card |
| Proof of Age: (Any one of the following) · Birth Certificate · School leaving certificate · Passport · Voter card with Date of Birth mentioned on it · College certificate · Date of Birth on Tax Return · PAN Card · Company HR/ID Confirmation | Proof of Age: (Any one of the following) · Birth Certificate · School leaving certificate · Passport · Voter Card with Date of Birth Mentioned on it · College certificate · Date of Birth on Tax Return · PAN Card |
| Length of the Business: (Any one of the following) · Letter from Employer · Old Pay Slip/FORM 16 · HR Check by designated CPA Resource | Length of the Business: (Any one of the following) · Receipts of Rent · Documents of ownership · Utility Bills · Bank Account statement of the last three years · Tax Returns from the same city |
| Proof of Income and Occupation: (Any one of the following) · Last 3 months salary slip · Latest FORM 16 · Last 3 month Bank Statement | Proof of Income and Occupation: (Any one of the following) · IT Returns for the last two years and documents along with it · Compilation of Income Schedule · P&L Account · Balance Sheet · Audit Report · Above accounts to be certified by CA · Bank Statement of the last 6 months |
Citibank Personal Loan- EMI Calculator
Before applying for a personal loan, it is important to know how much EMI you would be paying each month to repay the loan. Paisabazaar’s online EMI calculator is an easy to use tool that allows you to check your EMI so that you don’t borrow more than you can repay.
- Go to the EMI Calculator
- Scroll the bar to your desired loan amount, tenure and interest rate
- Know your EMI within seconds
Compare Citibank Personal Loan VS Other Lenders
| Particulars | Citibank | Axis Bank | HDFC Bank | ICICI Bank | Bajaj Finserv |
| Interest Rate | Starting from 10.99% | 11.49% to 17.49% | 11.25% to 21.50% | 11.50% to 19.25% | 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 |
| Apply Now | Apply Now | Apply Now | Apply Now | Apply Now |
Citibank Personal Loan - Top Up
If you are an existing Citibank personal loan customer, you can avail the facility of applying for 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.
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 care@paisabazaar.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 .
