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We found 1 Citibank Personal Loan Eligibility
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10.99% - 17.99% Fixed
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1-5 Years
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Citibank Personal Loan Eligibility is Rated as "Great!" by 2844 Users

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Citibank Personal Loan Eligibility

Citibank Personal Loan Eligibility for Salaried and Self-employed Applicants
Particulars Salaried Self-Employed
Age (Min-Max) 23 to 60 years 23 to 65 years
Income Rs.2,40,000 p.a. Rs.1,40,000 p.a.
Guarantor Not required Not required
CIBIL Score 750 and above 750 and above
Minimum Loan Amount Rs.1 lakh Rs.1 lakh
Maximum Loan Amount Rs.30 lakhs Rs.30 lakhs
Minimum Loan Tenure 1 year 1 year
Maximum Loan Tenure 5 years 5 years
Interest Rate 11.49% to 15.99% 11.49% to 15.99%
Processing Fee Up to 2.5% Up to 2.5%
Prepayment Charge After 12 EMIs, 3% of principal outstanding + Service Tax After 12 EMIs, 3% of principal outstanding + Service Tax

Citibank personal loan is one of the best loans offered by the bank. Citibank which is a consumer division of the multinational Citigroup offers quick and easy personal loans. The personal come with speedy approval and minimal documentation. It is an unsecured loan with a very high loan amount that goes up to Rs.30 lakh. The loan amount can be utilised for any personal expense and there is no restriction on what it can be used for. The bank offers an attractive rate of interest on the personal loan along with various other benefits.

Factors affecting Citibank Personal Loan Eligibility

There are several factors that affect the Citibank personal loan eligibility. Listed below are some of the important factors that affect the eligibility for Citibank personal loan.

  • Age: Age is a very important factor and can also play a deciding factor when it comes to availing a personal loan. Each bank has a minimum and maximum age criteria when it comes to granting the personal loan. If the individual is too young or too old they won’t be granted the loan.

  • Residence: Applicants who own a house are given more preference over those who stay on rent when it comes to availing a personal loan. Also people residing in urban areas have a better chance of availing loans.

  • Financial position: Your financial position plays a very crucial role as it defines your ability to repay the loan. If you earn a good income, the bank will be more inclined to grant you the loan since it will believe that you have sources to repay the loan.

  • Credit score/history: The better the credit history/score, higher the chances of availing a personal loan. Your credit history vouches for your credibility as a borrower. The banks are hesitant to grant loans to individuals who have a bad credit history or score.

How CIBIL Score affects Citibank Personal Loan Eligibility

Your CIBIL score plays a very important role when it comes to you availing loans and credit cards. Your CIBIL score is the first thing the lender checks when you submit the application form for the personal loan. If you have a good CIBIL score of above 750, the lender will move on to verifying the rest of your details before granting you the loan. But if you have a really low credit score then the lender might not even consider your application. CIBIL score plays a deciding factor when it comes to granting personal loans.

How to increase Citibank Personal Loan Eligibility (amount disbursed)

There are several ways through which one can increase their personal loan eligibility. Listed below are a few of the steps that one can follow.

  • Don’t overdo it-Don’t apply for too many loans. Every time you apply for a loan, it goes on your credit report and this might ruin your chances of getting a loan in the future. The lender will be wary to grant you a loan if it is noticed that you have applied for a lot of loans.

  • Make timely payments-It is important to make timely payments and not default on payments when it comes to existing loans and credit cards. Being consistent with your payments creates a good impression for the lender.

  • Longer tenure- Longer the tenure of the loan, lower the EMIs. Increasing the tenure of the loan will result in higher eligibility. Also lower EMIs ensure that you can repay the loan without shelling out too much every month.

  • Secured loans-Secured loans get you a better rate of interest and also increases your eligibility since there is a collateral involved.

  • Repay outstanding loans-It is advised to repay all your outstanding loans before opting for a new personal loan. This will definitely increase your eligibility when it comes to availing personal loans.

  • Turn to your neighbourhood bank-You have more chances of increasing your eligibility if you opt for a bank that you already have an account with. Banks are known to favour existing customers and you might get a chance of negotiating for a better rate of interest too.

FAQs on Citibank Personal Loan Eligibility

  1. How long does it take for the loan to get approved?

    If the bank is satisfied with your application, the personal loan will be granted within 48 hours.

  2. Are business owners eligible for Citibank personal loan?

    Yes. Business owners are also eligible for Citibank personal loan along with salaried and self-employed individuals.

  3. What is the minimum loan amount offered?

    The minimum loan amount offered is Rs.1 lakh.

  4. Are there any special offers for existing customers?

    Yes, the bank has special offers for existing Citibank customers who apply for the personal loan. An existing customer also stands the chance of getting the loan approved quickly with minimal documentation.

Citibank Personal Loan Eligibility Calculator Reviews

  • Citibank Personal Loan
    "Good In Service"
    0.5 4.0/5 "Great!"
    I was looking for a personal loan and i was suggested Citibank. I applied for it and my application was processed on time. There was no delay and things were taken care. Coming to interest rates i feel its reasonable. Well this is my first time with Citibank and i am happy with the services.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 15, 2018
  • Citibank Personal Loan
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had chosen to go with them since the interest rate with them has been very low when compared with the market rate. The process in getting this loan has been simple and the loan amount which they had provided has been sufficient. The processing fee was around 5000 which has been nominal.
    Was this review helpful? 3
    , hyderabad
    Reviewed on Dec 13, 2018
  • Citibank Personal Loan
    "High Interest rate"
    0.5 3.0/5 "Satisfactory"
    I was looking for a personal loan and applied for it with Citibank. Well my application was considered ,taken care and was processed on time. This is my first loan with Citibank. The interest rates which i have on my loan is bit high and i would be happy if it comes down. Apart from the interest rates, the services are good.
    Was this review helpful? 1
    , pune
    Reviewed on Dec 13, 2018
  • Citibank Personal Loan
    "Best interest Personal loan"
    0.5 4.0/5 "Great!"
    The CIti bank processed my application, I am an existing customer around five years, they gave me fare rate around 10.99% for the amount of Rs. 2.8 lakhs, they have offered the loan amount based on the old running already existing with HDFC bank.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 13, 2018
  • Citibank Personal Loan
    "Good in service"
    0.5 4.0/5 "Great!"
    I was looking for a personal loan and Citibank was my random choice. This is the first time i have applied for personal loan with Citibank , well my application was taken care and got processed on time. The interest rates seems bit high but otherwise i am happy with its overall services.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Dec 12, 2018
  • Citibank Personal Loan
    "Process is good"
    0.5 5.0/5 "Blown Away!"
    I also had a personal loan with Citibank. I have closed the loan as well. The rate of interest and processing charges were normal. The process to get the loan is good and the after loan services are good too. I had no hassles in the overall process.
    Was this review helpful? 2
    , hyderabad
    Reviewed on Dec 12, 2018
  • Citibank Personal Loan
    "Satisfactory"
    0.5 5.0/5 "Blown Away!"
    When I had taken a personal loan from Citibank, all I had to do was to upload the documents online and I received the loan within 24 hours. The customer support and response is fine and there are no hassles in the process. Overall it has been good.
    Was this review helpful? 0
    , pune
    Reviewed on Dec 12, 2018
  • Citibank Personal Loan
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been using my personal loan with Citi bank, there service is too good, i did not face any difficulty in getting loan amount there was minimum documents taken from me and approved my loan application soon ,there was no delay in that and i they have me lowest interest rate compare to other bank and there overall service is good.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Dec 11, 2018
  • Citibank Personal Loan
    "Good service"
    0.5 4.0/5 "Great!"
    My personal loan was taken with CITI BANK ,customer service is good and documents were collected on time. I use to pay EMI on time . The tenure period is 2 year . My personal loan experience is very good CITI BANK. Loan amount what they gave was satisfactory .
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 11, 2018
  • Citibank Personal Loan
    "Good service"
    0.5 4.0/5 "Great!"
    My personal loan was taken with CITI BANK , the tenure period is 4 year . The loan process was easy. They came to my place and documentation was done very fast. There is no processing fee and rate of interest is nominal . I never made any delay in payments, being a loyal customer they are always willing to go for a higher loan amount.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 11, 2018
  • Citibank Personal Loan
    "Best Service"
    0.5 5.0/5 "Blown Away!"
    My personal loan was approved with CITI bank and the experience was very good, the process was quick and i received my loan amount within 2 days. Customer service was good and they responded on time. They gave the loan amount for Rs 2 lakhs and the tenure period of this loan is 4 years.
    Was this review helpful? 1
    , mumbai
    Reviewed on Dec 11, 2018
  • Citibank Personal Loan
    "Best Service"
    0.5 5.0/5 "Blown Away!"
    It was a good experience with CITI bank for personal loan, the loan amount was disbursed within 1 week. Loan amount was for Rs 2.6 lacs with nominal interest rate and the tenure period is 4 years. Customer service was good and they collected documents on time.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 11, 2018
  • Citibank Personal Loan
    "Looking for less interest rate"
    0.5 3.0/5 "Satisfactory"
    My experience was good with CITI bank for personal loan, the process was smooth and i received my loan amount within 1 week. Loan amount was for Rs 6 lacs with little high interest rate. Customer service was good and they responded on time. Tenure period was for 4 years.
    Was this review helpful? 1
    , chennai
    Reviewed on Dec 10, 2018
  • Citibank Personal Loan
    "Good service"
    0.5 4.0/5 "Great!"
    My personal loan was taken with CITI BANK , Processing fee is nominal and tenure period is 10year. The application process and the documentation was done digitally which was much more convenient. Their interest rate was also nominal With in few days . Overall it was a good experience.
    Was this review helpful? 1
    , pune
    Reviewed on Dec 10, 2018
  • Citibank Personal Loan
    "Good service"
    0.5 5.0/5 "Blown Away!"
    My personal loan was taken with CITI BANK , there are no hidden charges with this bank . The tenure period is 4 years . They charge nominal rate of interest but the process was good . There was no difficulty in documentation part and processing fee and the charge what they levy is very much moderate.
    Was this review helpful? 0
    , mumbai
    Reviewed on Dec 10, 2018
  • Citibank Personal Loan
    "Good service"
    0.5 4.0/5 "Great!"
    My personal loan was taken with CITI BANK , they gave loan amount of 2.11 lakh and it is very satisfactory . Service was good with this bank but customer service response was not up to the mark . The process was very slow there was delay in getting the loan .
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 10, 2018
  • Citibank Personal Loan
    "Good service"
    0.5 5.0/5 "Blown Away!"
    My personal loan was taken with CITI BANK , the tenure period is 48 month . I receive my loan on time there was no delay. The loan amount was satisfactory. There has been a smooth banking experience with the CITI BANK . Overall it has been good experience .
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 10, 2018
  • Citibank Personal Loan
    "Too much Documentation"
    0.5 4.0/5 "Great!"
    I applied for a personal loan with Citibank and it got approved. There was a bit delay in the process and i would like to admit that there was too much of documentation work. Well most of the bank do it with just few documents but here i felt that way. Interest rates are fine .
    Was this review helpful? 0
    , thane
    Reviewed on Dec 10, 2018
  • Citibank Personal Loan
    "Good in Need"
    0.5 4.0/5 "Great!"
    I was looking for a personal loan and applied it with Citibank. My application was taken care and Well there was a bit delay in processing as there came the Government holidays in between.Rate of interest is reasonable and overall i am happy with the services.
    Was this review helpful? 0
    , pune
    Reviewed on Dec 10, 2018
  • Citibank Personal Loan
    "Should keep the customer updates on regular basis"
    0.5 4.0/5 "Great!"
    Initially it was good I submitted the documents some one came and collected and the took signature then I got the message station it was rejected no one told the exact reason. It was mention occupation was different, Finally it got approved, hence I had above average experience, because no body have posted the status of application.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 10, 2018
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