Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Citibank Personal Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    Citibank Personal Loan Eligibility Calculator is Rated as "Great!" by 1937 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Overview about Citibank Personal Loan

    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.

    Apply for Personal Loan

    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
    Apply for Citibank Personal Loan

    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.

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  • Citibank Personal Loan Eligibility Calculator Reviews

    • Citibank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I got the personal loan within 55 hours of time from Citibank. They have disbursed the loan after submitting my documents. The customer service and the response with CITIBANK is average. The required loan amount has been disbursed. The rate of interest is low when compared with others. I am satisfied with the Citibank service.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 25, 2017
    • Citibank Personal Loan
      "Rate of interest can be decreased in future"
      0.5 4.5/5 "Excellent!"
      I didn't have any kind of relationship with Citibank so far but I have applied personal loan with Citibank for the first time and I found that they were offering the loan with high rate of interest, so that was the reason I haven't got the loan with CITIBANK. The customer service and the response was good with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 25, 2017
    • Citibank Personal Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      The personal loan process followed by CITI Bank was really good. The response was very much quick and I was given the necessary details. I did not take the loan as I got to arrange the funds within my friends circle. The interest rate and processing charges was very much normal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "High on ROI"
      0.5 5.0/5 "Blown Away!"
      I did not take the personal loan from Citibank, because the bank was high on the rate of interest when compared to other banks. The interest rate was around 15%. The customer services and response was good and on time. They are not recommendable for this interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Due to my personal reasons, I did not go ahead for the personal loan at Citibank. The services and response is good. They contacted me on time and informed me the details. I do not want to rate them on the interest rate and charges as I did not take the loan from them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "Overall a good experience"
      0.5 5.0/5 "Blown Away!"
      I could not go ahead with Citibank for the personal loan because they contacted me only once and after which there was no follow up. I would still give them five stars because they are overall good, I am an existing customer. The interest rate and charges were very much normal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "Personal Loan process from citibank, as it is highly charged"
      0.5 1.0/5 "Really Bad"
      I hate taking loan from Citibank, also I will try to drop all my transactions that I make with citibank. Please avoid citibank banking. They will highly charge you when you are in need. I have been using citibank since 5 years once I need a loan and went for credit card loan they charged me 6 % more from outside market. i don't have options at that time so I was forced to take it. I closed the loan in 3 months due to high interest rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 22, 2017
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Citibank contacted me only once and collected my details. After which I got no calls from them for the personal loan. It was a complete average experience. So I went ahead with another bank for the loan. Not sure on the rate of interest and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2017
    • Citibank Personal Loan
      "Not professional"
      0.5 1.0/5 "Really Bad"
      As a matter of fact, Citibank collected all my documents and after which they did not process my personal loan request and did not get back to me as well. It was not a very good experience as they were not very much professional. Not too sure on the interest rate and processing charges too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Citibank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I haven't proceed with Citibank personal loan, because of their interest rate and I got the best interest rate with SBI. The customer service and the response is good with Citibank. The rate of interest need to be reduced with Citibank. I would say CITI bank gave average service.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
    • Citibank Personal Loan
      "Good but needs improvement"
      0.5 5.0/5 "Blown Away!"
      I haven't got the loan from Citibank, because of the procedural delay, so that was the reason I haven't choose Citibank. The customer service sand the response need to be quick with Citbank, The rates are best with Citi as per the market. The rate of interest is low when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
    • Citibank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have informed the Citibank executive that I need 10.5 % interest rate but they were not ready to offer the loan with the low rate of interest, so that was the reason I haven't got the personal loan with Citibank . The customer service and the response is really good with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2017
    • Citibank Personal Loan
      "Need to be customer centric"
      0.5 3.0/5 "Satisfactory"
      I have approached Citibank for my personal loan but there interest rate is too high when compared with others and they don't have 5years of tenure for the loan. The tenure time is very low so that was the reason I haven't got the personal loan with CITIBANK. The response was good with Citibank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 18, 2017
    • Citibank Personal Loan
      "Its Average"
      0.5 1.0/5 "Really Bad"
      I got en number of calls from CITI Bank, many executives contacted me and asked about the same information but none gave me correct information about the loan. They were not clear in their process, finally I got a mail from them stating my loan application has been closed.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2017
    • Citibank Personal Loan
      "Looking out for the better service"
      0.5 1.0/5 "Really Bad"
      CITI haven't responded at all for four to five days on loan request, due to emergency I went for the personal loan. But they didn't give any response . That is the disappointed part, then I got the loan from other financial institute. Being world class bank I didn't expect this from CITI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      My personal loan is under progress with Citi bank. Actually I approached Indusind bank for the loan, but Indusind did not process my application because they said that my company is not a listed one. But Citi bank accepted my application and they are doing really well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      When I applied for the personal loan, customer executive from CITI bank did not call me on time I am not happy with their service, because they are not transparent in loan process the loan amount I had applied for 3.5 lakhs. I am not sure when they had called me, over all from my perspective it was not okay.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "High Interest Rate"
      0.5 1.0/5 "Really Bad"
      Citi bank quoted a very high interest rate for the personal loan. I asked the bank to reduce the rate of interest but the bank was not ready and did not convince to reduce the interest rate. Hence I did not take the loan and I had cancelled the application. Response was good at the time when I applied for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "High Interest Rate"
      0.5 5.0/5 "Blown Away!"
      Citi bank provided a good response for the personal loan but the interest rate is bit higher than the other banks in the market. Hence I cancelled my personal loan application. Other than interest rate, I had no issues with the bank for the loan process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      I am planning to take personal loan from CITI bank next month, I am very much satisfied with them. I got a call from bank, I informed their executive to get back next month. CITI bank offered me 11.99% of interest and also they ready to approve the amount 4.5 lakhs. To conclude, I am very much happy with their service.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 12, 2017
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