Citibank Personal Loan Interest Rate Calculator - Jan 2017

Citibank Personal Loan Interest Rates

Last Updated 18th Nov 2016
Salaried Self Employed
Interest Rate 11.49% - 18.00% Check Special Offer 16.00% - 20.00%
Lowest EMI Rs. 2,199 per lakh Rs. 2,432 per lakh
Loan Tenure From 12 months to 60 months From 12 months to 60 months
Loan Amount Min Rs. 100,000 and Max Rs. 3,000,000 Min Rs. 100,000 and Max Rs. 3,000,000
Processing Fee Upto 2% Upto 2%
Age Min 23 years and Max 60 years Min 23 years and Max 65 years
Prepayment Charges Allowed after 12 EMI's, Can pay between 2 and 5 EMIs at NIL charges Allowed after 12 EMI's, Can pay between 2 and 5 EMIs at NIL charges
Foreclosure Charges Allowed after 12 EMI's, upto 2% of principal outstanding Allowed after 12 EMI's, upto 2% of principal outstanding
Apply Personal Loan Online @11.29%*
 Salaried   Self Employed - Professional   Self Employed - Business 





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Citibank Personal Loan

Citibank gives the facility of personal loan to the people who want money to achieve 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
  • Fixed rate of interest
  • Special offers for Citibank Customers
    • Citibank has been rated 4.3/5.0 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 interest rates in Citibank depends upon
    • Loan amount: Personal loan rate in Citibank depends upon the amount you apply for. Higher the loan amount, lesser will be the interest rate
    • Company where you work: Citibank has a list of companies to which they lend personal loan. Interest rate will be less if your company is listed
    • Your Salary: Income helps you in determining your rate of interest. Citibank interest rate varies with your monthly income. Higher the income, less will the rate of interest
    Popular Products:
    • Personal Loan for Meeting Short Term Credit Needs
    • Loan for Vacation or Wedding

    Citibank Personal Loan Eligibility

    Eligibility of personal loan in SBI relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
    • Age: Age plays an important role to know your eligibility and repayment capacity. Citibank offers personal loan to salaried individuals who are atleast 23 years old at the time of loan approval and maximum 60 years at the time of loan maturity. Self employed individuals with age of atleast 23 years and maximum 65 years at the time of loan maturity can apply for personal loan from Citibank
    • Income: Citibank Loan eligibility significantly depends upon your income. Usually bank set minimum levels of income to apply for personal loan. Citibank asks for net monthly income of minimum Rs. 25,000.
    • Job stability and Profession: Job stability is important to improve your status and eligibility for personal loan from Citibank. In case you are salaried, you must be in a full time job for at least 36 months of which not less 1 months must be with your current company. In case you are self-employed, you must be in current profession or business for at least 3 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Other than job stability, profession is also an important factor which can affect your Citibank eligibility. If you are working with a reputed company, probability of getting personal loan from Citibank increases as the income is considered to be more stable and bank offers low interest personal loan to the employees of reputed companies
    • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your personal loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your personal loan eligibility.
    • Loan Amount: Citibank gives you personal loan depending upon your income. Citibank gives you an amount ranging from Rs. 100,000 to Rs. 3,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service.

    Citibank Personal Loan EMI

    Personal Loan EMI of Citibank is a fixed amount that you pay each month towards the repayment of your personal loan till the end of tenure. Lowest EMI offered by Citibank is Rs. 2,199 per lakh loan amount at lowest personal loan interest rate of 11.49%. Personal Loan EMI of Citibank depends on factors like:
    • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
    • Loan tenure matters equally as longer tenure reduces your monthly EMI per lakh
    • Your EMI depends upon the amount of loan you are going to borrow. Loan EMI will be high if you apply for a high loan amount

    Documents Required for Citibank Personal Loan

    Personal loan Citibank documents for Salaried employees

    • Filled up loan application form
    • 1 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 3 months payslip, 1 years Form 16, 3 months bank statement showing salary credit and any EMI debit

    Personal loan Citibank documents for Self-Employed

    • Filled up loan application form
    • 1 Passport Size Photo
    • Copy of Income Tax PAN
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 2 years audited financials, 6 months bank statement
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof

    Fee and Charges on Personal Loan Citibank

    Foreclosure Charges- 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 upto 2% of principal outstanding
    Processing Fee- Citibank asks for a processing fee of Upto 2% of loan amount with applicable service tax

    Citibank Personal Loan Top up, Transfer

    • Citibank offers personal loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of Citibank
    • You can avail additional top-up personal loan from Citibank, subject to your eligibility
    Illustration on Personal Loan Citibank
    Maximum Annual Percentage Rate (APR) 11.89% to 18.4%
    Representative example of the total cost of the loan, including all applicable fees
    Here is an illustration of the total cost of the loan:
    • Total amount borrowed: Rs. 100,000
    • Time period: 12 months to 60 months
    • Citibank Personal Loan Interest Rate: 11.49% to 18.00%
    • Processing Fee payable to Citibank: Upto Rs. 2,000. Current offer for processing fee is Upto 2%
    • Fee payable to MyLoanCare: NIL
    • Total Monthly Cost – From Rs. 2,199 for a 60 months Rs. 100,000 loan at 11.49% (lowest rate, longest time period) to Rs. 9,168 for a 12 months Rs. 100,000 loan at 18.00% (highest rate, shortest time period). This is inclusive of principal repayment.
    • Annual Percentage Rate (APR) of charge including all applicable fees: 11.89% to 18.4%
    • Total cost payable over loan tenure: Rs. 12,016 for 12 months loan to Rs. 33,926 for 60 months loan
    Citibank’s terms and conditions as per loan agreement applicable. Short term loans/ pay day loans not available; minimum loan tenure - 12 months. Rate of interest depends upon company categorization, income, job stability, loan amount, CIBIL score, credit profile, existing obligations, verification and other factors. Credit at sole discretion of Citibank.

    Compare Personal Loan Interest Rates of Citibank with other banks

    Frequently Asked Questions on Citibank Personal Loan

    How much interest is charged by Citibank on personal loan?

    Citibank offers an interest of 11.49% to 18.00% on personal loan.

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

    If you apply for a personal loan from Citibank, your lowest EMI per lakh will be Rs. 2,199.

    What is the minimum and maximum tenure of Citibank personal loan?

    You can repay your personal loan from Citibank in a flexible period of minimum 12 months to maximum 60 months.

    How much personal loan amount I can borrow from Citibank?

    Citibank offers you personal loan if you need a minimum amount of Rs. 100,000 to a maximum amount of Rs. 3,000,000.

    How much processing fee is charged by Citibank on personal loan?

    Citibank charge a processing fee of Upto 2% with applicable service tax.

    Is age an eligibility factor to get personal loan from Citibank?

    Yes, age is an important eligibility factor to get Citibank personal loan as you should be at least 23 years old at loan approval time and 60 years old at loan maturity time.

    Are there any prepayment charges on Citibank personal loan?

    You can take personal loan from Citibank with upto 2% of principal outstanding.

    Can I add my spouse’s income while applying for personal loan from Citibank?

    You can combine your income with the income of your spouse to increase your loan eligibility and to get higher loan amount.
Citibank Personal Loan News - Jan 2017
18th Oct 16 Citibank gives special Diwali offers on personal loans
Citibank personal loan offers reduction in rates to 11.49 per cent for digital channels and online applications made at MyLoanCare. Bank offers 0.50 per cent discount on processing fee and an Amazon Gift Voucher of Rs. 250 for loans disbursed till 3rd November, 2016. Also, get a Flipkart Gift Voucher upto Rs. 2500 on applying through MyLoanCare.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.