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Citibank Personal Loan

Last Updated 16th Aug 2017

Citibank Personal Loans

Salaried Self Employed
Rate of Interest 10.99% - 16.49% 15.99% - 18.99%
Maximum Loan Tenure From 12 months to 60 months From 12 months to 60 months
Loan Amount Between Rs. 100,000 to Rs. 3,000,000 Between Rs. 100,000 to Rs. 3,000,000
Lowest EMI per lakh Rs. 2,174 per lakh Rs. 2,431 per lakh
Age Between 23 years to 60 years Between 23 years to 65 years
Processing Fee Flat 0.5% for MyLoanCare Applications 2 - 3%
Apply Personal Loan @ 10.99%*
Rs.
Rs.
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Citibank Personal Loan Details

Citibank Personal Loan Document List

Documents Salaried Self Employed
Signed Application Form Yes Yes
Passport Size Photo Yes Yes
Copy of Income Tax PAN Yes Yes
Identity Proof Passport/ Driving License/ Voter ID/ PAN Passport/ Driving License/ Voter ID/ PAN
Address Proof Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
Income Proof 3 months pay slip, 1 years Form 16, 3 months bank statement showing salary credit and any EMI debit 6 months bank statement
Business Proof VAT/ service tax registration, incorporation details in case of companies, business address proof

Citibank Personal Loan Apply

Citibank gives the facility of personal loan to the people who want money to meet their urgent requirements. There are some features and benefits of taking personal loan from Citibank:

  • Loan disbursal in 48 hours of approval - *T & C apply
  • Part prepayment facility available without charge
  • Special offers, paperless process for Citibank Customers
  • Citibank has been rated 4/5.0 by customers for its service quality on MyLoanCare
  • Citibank has over 46 branches in India where you can avail service
  • Citibank offers special schemes and discounts for employees of large companies

Personal Loan Citibank

Popular Products:

  • Personal Loan for Meeting Short Term Credit Needs
  • Loan for Vacation or Wedding
Citibank Personal Loan Calculator

Interest Rate Calculator - This helps you in identifying the interest rate charged on applied Citibank loan amount for effective tenure.

Interest rate on Citibank personal loan depends upon

  • Loan Amount - Higher the loan amount, lesser will be the interest rate
  • Salary - Citibank interest rate varies with your net monthly income. Higher income leads to low interest rate
  • Company where you work - Your Company listed in Citibank can avail you personal loan with best interest rates.

Eligibility Calculator - This calculator calculates your personal loan eligibility depending upon your monthly income, company profile and existing obligations (if any). Apply for only that much loan amount, what you are eligible for. This calculator calculates eligibility based on salary. You can also calculate your home loan eligibility online and based on that apply for loan. Eligibility depends on:

  • NTH - Higher monthly income increases your eligibility to get Citibank personal loan. Citibank requires a minimum income of at least Rs. 25,000 to avail you loan.
  • Area of residence - Your personal loan eligibility also depends on the area where you stay. Citibank has a list of areas to which they avail personal loan
  • Obligations - Your existing obligations can reduce your chances of getting personal loan from Citibank. So, complete your existing obligations first and then apply for loan.

There are various methods of calculating eligibility

  • Multiplier method - This method calculates your loan amount based on your income and company profile.
  • FOIR (Fixed Obligation Income Ratio) - Your loan amount eligibility is calculated on the basis of your maximum EMI or monthly installments in respect to your income.

EMI Calculator - Personal Loan EMI calculator helps you in calculating your monthly EMI based on the loan amount, interest rate and tenure you have applied for.

Topup, Balance Transfer, Preclosure

Personal Loan Topup of Citibank

A top up loan is an additional finance that can be availed on top of your existing loan with the same bank in order to meet your personal or professional needs. You can avail personal loan top-up from Citibank, subject to your eligibility

Personal Loan Preclosure of Citibank

These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Citibank allows prepayment of personal loan after paying 12 EMI’s with Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2%

Personal Loan Balance Transfer of Citibank

Citibank offers personal loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of Citibank.

FAQs on Personal Loan from Citibank

How Citibank does calculate NTH for personal loan?

NTH in Citibank is calculated as the average of last 2 to 3 months net income as per your salary slip and same replicating in bank statement.

Can I prepay my personal loan in Citibank?

Yes, you can prepay your personal loan in Citibank after 12 months.

How much fee is charged by Citibank for personal loan?

Processing fee charged on Citibank personal loan is Flat 0.5% for MyLoanCare Applications with applicable service tax.

Is Citibank BT a better option?

Citibank offers minimum rate of 10.99% with lowest EMI of Rs. 2,174 per lakh. If you are paying higher EMI than Citibank, then balance transfer is the right option.

Can I check my loan account statement online?

You can login into your Citibank online net banking account to get your loan details, track your loan history and make the payment online.

Easy comparison of Citibank personal loan with other banks

Citibank Personal Loan
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Personal Loan Eligibility
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.