Citibank offers personal loan to meet all types of expenses easily whether it is for a leisurely vacation or marriage in the family or emergency medical bill, the Citibank Personal loan caters to all sorts of needs and can be easily availed.
Top reasons to get a Citi Personal Loan
- Loan amount up to Rs.30,00,000*
- Loan funds credited to your bank account in 48 hours^
- Fixed interest rate for predictable monthly payments
- Part pre-payment option available##
- Balance consolidation for your Credit Card and Personal Loan outstanding
- Up to Rs.30,00,000* for all your needs
- Get your funds in just 48 hours^
- Flexible repayment options ranging from 12-60 months
- Fixed interest for greater control over monthly payments
- How to take a loan without taxing your monthly budget?
- Get additional funds in no time
- Special offers and minimal documentation for Citibank Customers
- Full and part-prepayment options
- Balance consolidation of high cost Credit Card and Personal Loan outstanding
Apply for a Citibank Personal loan Online
Citibank Personal Loan Eligibility
Eligibility of personal loan in Citibank 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.
- Income: personal Loan calculator calculates your eligibility based 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 12 month must be with your current company. 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.
- Applicant’s age should be between 21 and 58 years
- Should be a salaried individual or salaried professional
- Minimum monthly salary of Rs. 20,000
- 2 years experience in current occupation
- 1 year residing in current home address
Have the below documents ready for the quick processing of the loan
| For Salaried Individuals | For self-employed individuals |
| Any of the following Identity Proof: - Valid Passport
- Valid Driving License
- Voter ID card
- PAN card
- Valid ID Card
- Overseas Citizen of India Card
- Person of Indian Origin Card
- Job Card Issued by NREGA
- Letters issued by Unique Identification Authority of India
| Any of the following Identity Proof: - Valid Passport
- Valid Driving License
- Voter ID card
- PAN card
- Valid ID Card
- Overseas Citizen of India Card
- Person of Indian Origin Card
- Professional License with photograph
- Trade License with Photograph
- Valid VISA for Expats
|
| Residence Proof: - Valid Passport
- Valid Driving License
- Voter ID card
- Valid ID Card
- Utility Bill not older than 3 months
- Ration Card
- Letter form Employer
- Lease Deed or Rent agreement
- Bank statement of last 3 months
- Mutual fund Statement
- Overseas Citizen of India Card
- Person of Indian Origin Card
- Latest ITR
- Original Letter form Company
| Residence proof: - Valid Passport
- Valid Driving License
- Voter ID card
- Valid ID Card
- Utility Bill not older than 3 months
- Ration Card
- Letter form Employer
- Lease Deed or Rent agreement
- Bank statement of last 3 months
- Mutual fund Statement
- Overseas Citizen of India Card
- Person of Indian Origin Card
|
| Proof of age: - Birth Certificate
- School Leaving Certificate
- Passport
- Voter card with DOB
- College Certificate
- DOB on tax return
- PAN Card
- Company ID/HR confirmation
| Proof of age: - Birth Certificate
- School Leaving Certificate
- Passport
- Voter card with DOB
- College Certificate
- DOB on tax return
- PAN Card
|
| Photographs(Passport Size) | Photographs(Passport Size) |
| Proof of continuity of business: - Letter from employer
- Old pay slip or Form 16
- HR checked by designated CPA resource
| Proof of continuity of business: - Lease Deed or Rent Receipts
- Ownership Documents
- Utility bills
- Tax returns form same city
- 3 year old bank statements
|
| Income Proof: - 2 salary slips not more than 3 months old
- Latest Form 16
- Last 3 months’ bank statements
| Income Proof: - Last 2 years’ ITR
- Computation of Income Schedule
- P & L Account
- Balance sheet
- Audit report
- Above reports certified by CA
- Last 6 months’ bank statements
|
Citibank Personal Loan Service Terms and Conditions
Citibank Personal Loan Interest Rate
Citibank offers fixed rate of interest for personal loans, and the rates offered by the bank is one of the lowest in the sector. Citibank offers different interest rates to different categories of people as per their employment background. The bank has also listed many companies into Category A and B, so that employees working in their listed companies can enjoy special discounted interest rates. Citibank is also in a tie-up with BankBazaar.com to offer discounted interest rates for applicants reaching out them through the BankBazaar.com website.
The benefit of taking a fixed rate loan is that irrespective of market fluctuations, your interest rate and EMI will remain steady. Citibank personal loan interest rate ranges between 14.25% p.a to 17.00%.
| Minimum Loan Amount |
| Maximum Loan Amount | Rs.30,00,000 |
| Minimum Duration | 12 months |
| Maximum Duration | 60 months |
| Processing Fee | Up to 2.5% of the loan amount sanctioned;
deductible from the loan amount at the time of
disbursal. |
| Late Payment Charges | All EMIs are presented on the first working
day of each month. Delay in the payment of
EMI will attract an additional interest of 2%
p.a. above the prevalent rate upon the outstanding balance of the Loan. |
For Self Employed Applicants
| Applicable Interest Rate | 15.25% p.a. - 17.00% p.a. |
To Find Citi Bank IFSC Code: Click Here
