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# Citibank Personal Loan EMI Calculator - Apr 2017

Last Updated 25th Apr 2017

## Citibank Personal Loan Calculator

Lowest EMI on Citibank Personal Loan - Rs. 2,174 per lakh

Loan Tenure
Loan Amount (Rs.) 2 Years 3 Years 5 Years
100,000 Rs. 4,660 Rs. 3,273 Rs. 2,174
300,000 Rs. 13,981 Rs. 9,820 Rs. 6,521
500,000 Rs. 23,302 Rs. 16,367 Rs. 10,869
1,000,000 Rs. 46,603 Rs. 32,734 Rs. 21,737
Personal Loan EMI Calculator
Rs.

### Factors affecting Citibank Personal Loan EMI

• Borrower age should be between 23 years to maximum 60 years.
• Maximum personal loan amount offered by Citibank is upto Rs. 3,000,000.
• Interest rates range from 10.99% to 16.49% depending upon customer profile, loan amount and other factors.
• Processing fee in Citibank may be Upto 2% of loan amount.

### Citibank Personal Loan EMI

• Personal Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Citibank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
• With Citibank offering Personal Loans with loan tenure upto 5 years, the loan EMI can be as low as Rs. 2,174 per lakh, to make it more affordable and convenient to meet your personal needs. Rate of interest offered by Citibank are as low as 10.99%.
• This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

### Citibank Personal Loan calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Citibank Personal Loan EMI is calculated:

In above formula,

P = Loan amount. This can range from Rs. 100,000 to Rs. 3,000,000

r = Rate of interest per month. Current rate is 10.99%

n = tenure in month. For Citibank, this can be 60 months

### Personal loan EMI calculator Citibank - How it works?

• Citibank personal loan calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
• Citibank personal loan calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

### Personal Loan EMI - EMI Changes in case of prepayment

In case you prepay your personal loan, the outstanding balance on your personal loan reduces. Citibank gives you two options:
• Reduce the amount of EMI and keep your loan tenure same
• It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the Citibank in this option.

#### Frequently Asked Questions on Citibank EMI Calculator

What is the lowest EMI per lakh offered by Citibank on personal loan?

Citibank offers personal loan at 10.99% interest rate and hence lowest EMI on per lakh loan amount is Rs. 2,174.

Can I prepay my Citibank personal loan?

Citibank offers you an option of prepayment after 12 months at Upto 2% of principal outstanding.

Is there any processing charge on personal loan from Citibank?

Personal Loan from Citibank charges a processing fee of Upto 2%.

#### Citibank Personal Loan EMI Calculator Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Varanasi 0522-2201022
Udaipur 1800-180-2484
Trichy 044-28522484
Surat 0261-6532484
Sonepat 0124-2542484
Shimla 1800-180-2484
Salem 044-28522484
Roorkee 1800-180-2484
Rohtak 0124-2542484
Ranchi 1800-180-2484
Rajkot 0261-6532484
Raipur 1800-180-2484
Pune 020-66012484
Pondicherry 044-28522484
Patna 1800-180-2484
Panipat 0124-2542484
Noida Extn 0124-2542484
Noida 0124-2542484
Nashik 1800-180-2484
Nagpur 1800-180-2484
Mussoorie 1860-425-7000
Mumbai 022-28232484
Mohali Sas Nagar 0172-5082484
Mehsana 079-26422484
Meerut 1800-180-2484
Ludhiana 0161-5012484
Lucknow 0522-2201022
Kozhikode 1800-180-2484
Kota 0141-2372484
Kolkata 033-22832484
Kolhapur 022-28232484
Karnal 0124-2542484
Kanpur 1800-180-2484
Jodhpur 0141-2372484
Jalandhar 0181-5062484
Jaipur 0141-2372484
Jabalpur 1800-180-2484
Indore 1800-180-2484
Gwalior 1800-180-2484
Guwahati 1800-180-2484
Gurgaon 0124-2542484
Greater Noida 0124-2542484
Goa 022-28232484
Gandhinagar 079-26422484
Durg 1800-180-2484
Delhi 0124-2542484
Coimbatore 044-28522484
Cochin 0484-4042484, 6602484
Chennai 044-28522484
Chandigarh 0172-5082484
Bikaner 0141-2372484
Bhubaneswar Cuttack 1800-180-2484
Bhopal 1800-180-2484