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Citi Bank Personal Loan

Rated 3.5/5 by Team InvestorGain

With Citibank Personal Loan, customers can fulfill their dream of a wedding or a family vacation or can pay the bills if any emergency to the family occurs. The facility of personal loan by Citibank is available within 48 hours (2 days) so that customers can accomplish their goals as soon as possible.

Citi Bank Personal Loan Details

Personal loans are best for every person because of its unsecured nature, easy availability, less processing time, and hassle-free documentation. Therefore, to take the charges of finances, Citibank provides personal loans quickly and conveniently. A person can apply for a Citibank personal loan in an online and offline manner to step towards his dream. The loan amount will be transferred to the account within 48 hours with minimal documentation.

Citibank personal loan is available for salaried employees and self-employed with a loan amount up to Rs 30 Lakh. It is available at a minimum interest rate of 10.50% p.a. with a maximum rate of 18.99% p.a. and applicant’s age in between 21 years to 60 years.

Citi Bank Personal Loan Information

Citi Bank Personal Loan provides easy loan within 2 days (48 hours) with interest 10.50% onwards. Below table gives the complete details of Personal Loan.

Citi Bank Personal Loan Details
Loan Category: Personal Loan
Loans Offering: Personal Loan
Loan Type: Unsecured personal loan
Interest Rate: 10.50% onwards
Processing Fee: 0.50% to 3.00%
Approval Process: Both online and offline
Minimum Income Requirement: ₹25,000 per month for salaried applicants, and ₹5 lakh in gross annual receipts for self
Loan Approval Timing: 2 days (48 hours)
Minimum Loan Amount: ₹25,000
Maximum Loan Amount: ₹30 Lakh
Minimum Loan Period: 6 months
Maximum Loan Period: 60 months/5 years
Type of Interest Rate: Fixed interest
Interest Charging Method: Reducing balance method

Citi Bank Personal Loan Eligibility Criteria

There are eligibility criteria set by Citi Bank for their personal loan:

Citi Bank Personal Loan Details
Salaried Employees Yes
Salaried Doctors Yes
Employees of public and private limited companies Yes
Government sector employees including Public Sector Undertakings, Central and Local bodies Yes
Loan for Pensioners Yes
Loan for Existing Customers Yes
Self-Employed Yes
Selected Corporate Yes
Other Criteria NA
Minimum Age 21 years
Maximum Age 60 years at the time of maturity of the Personal Loan
Minimum Income Requirement ₹25,000 per month for salaried applicants, and ₹5 lakh in gross annual receipts for self

Citi Bank Personal Loan Strengths/Advantages

  • Easy and fast loan availability.
  • Least documentation required.
  • Low interest rate which is affordable to many people.

Citi Bank Personal Loan Weaknesses/Disadvantages

  • No other products and services are provided such as wedding loan, car loan, etc. under personal loan head.
  • High foreclosure charges on the outstanding principal.

Request call back from Citi Bank Personal Loan

Citi Bank Personal Loan Products & Services

Citibank offers products and services which are as follows:

  • Personal loan:

  • Citibank Personal Loan interest rate falls between 10.50% to 18.99% p.a. The loan amount ranging in between Rs 25,000 to Rs 30 Lacs comes with flexible tenure and speedy approval. One can apply for Citibank personal loan in online and offline modes and check with the status of loan by making call to the bank.

Citi Bank Personal Loan Feature

Citi Bank Personal Loan offer various services, please find below the list of features offered by the vendor.

Citi Bank Personal Loan Details
Personal Loan No
Wedding Loan No
Education Loan No
Home Renovation Loan No
Two Wheeler Loan No
New Car Loan No
Used Car Loan No
Travel Loan No
Medical Loan No
Top Up Loan No

Citi Bank Personal Loan Charges

Here is the detail charge list for Citi Bank Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on Citi Bank Personal Loan processing.

Citi Bank Personal Loan Details
Co-Applicant Allow No
Income Criteria Yes
Collateral Requirement No
Pre Approved Credit Limit NA
Foreclouser Charges Up to 4% of the outstanding principal plus interest for the ongoing month
Loan Foreclouser Conditions NA
Bounce Charges NA
Bounce Charges Self Employed NA
Late Payment Penalty NA
Duplicate NOC Charges At actual
Stamp Duty Charges As per laws
Instrument Swapping Charges NA
Loan Cancellation Charges NA
Stamp Duty Charges As per laws
Loan Rebooking Charges NA
Statement Of Account Charges NA
Duplicate Repayment Schedule NA
EMI Payment Mode Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque
Overdue Payment Mode NA
Hidden Charges NA

Citi Bank Personal Loan Customer Care Details

  • Customer Support Email - NA
  • Customer Support Toll Free No - 1860 210 2484
  • Customer Support Chat Facility - No
  • Customer Support Whatsapp Number - NA

Citi Bank Personal Loan Calculator and Download Links

In this section we have listed all important links related to Citi Bank Personal Loan.

Citi Bank Personal Loan Details
Banks NA
Charges Information Link
Personal Loan Eligibility Calculator Link NA
Personal Loan EMI Calculator Link NA
Education Loan EMI Calculator Link NA
Car Loan EMI Calculator Link NA
Product Demo Link NA
Website Link NA
Android App Downlaod Link Android Mobile App Download
iOS App Downlaod Link iOS Mobile App Downlaod

Citi Bank Personal Loan Application Process Details

    Citibank Personal Loan application process for new customers:

    • Head to the official link from your web browser: Link or signup into your Citibank mobile application > Personal Loan > Apply Online
    • Fill your mobile number & DOB or PAN Card details registered with Citibank and you will get an OTP.
    • After logging in to the account with OTP, enter the desired loan amount.
    • You have to upload the required documents, such as PAN Card and address proof.
    • As you get loan approval, the funds will be disbursed to your account.

     

    Citibank Personal Loan application process for existing customers:

    • Head to the official web link to apply for Citibank Personal Loan
    • You already have an account with the bank so need not to provide your KYC details
    • Enter your basic details, such as your Name, Email ID and Phone number, and submit the form.
    • Citibank customer representative will call you for the loan.

Citi Bank Personal Loan Documents Requirements

Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.

Citi Bank Personal Loan Details
Age Proof Copy of Passport/Driving License/Aadhar Card
Address Proof Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card
Identity Proof Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card
Income Proof for Salaried Emp Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement
Income Proof for Self Emp IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years

Last Updated on 2021-01-04T10:38:45+00:00

FAQs

Citibank offers its personal loan at low-interest rates to salaried as well as self-employed individuals. The minimum rate of interest on Citibank Personal Loan is 10.55% p.a. and the maximum interest rate is 18.99% p.a. with a minimum EMI of Rs 2,149 per lakh for a tenure of 60 months.

 

You can pay the EMI of Citibank personal loan online in three ways:

  • NEFT: You can get funds credited to your Personal Loan Account through NEFT option even when you pay through a non-Citibank Bank account.
  • E-PAY: E-Pay service by Citibank lets you pay your Personal Loan EMI online even if you don't have a Citibank banking account. All this take two working days to get credited into your personal loan account.
  • ACH/ECS: You can transfer the funds from one bank account to your personal loan account with the facility of ACH or Automated Clearing House. For this, you are required to provide a signed mandate to Citibank authorizing the transfer of funds from your account with another bank.

 

Instead of paying monthly EMIs, you can pay off the remaining outstanding amount of the loan in one single payment and this is called pre-closure of personal loan. Citibank allows pre-closure after 1 year of the date, the loan was sanctioned but also charge up to 4% on the total principal outstanding.

 

Yes. You can check your Citibank personal loan status online on its app as well as website. All you need to do is log in to your account and enter the details such as the mobile number and application number. After providing your details, you will get to know the status of your loan application.

 

You can pay EMI through NEFT, E-payment and ACH/ECS facility. At Citibank, Personal Loan EMI payment can set up as a standing instruction to pay your EMI dues.

 

A person can check the Citibank Personal loan status by calling the toll-free number: 18602102484 or for any other financial query regarding Personal Loan.

 


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