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
    10.99% - 16.49% Fixed
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    Customer Reviews
    Citibank Personal Loan Eligibility Calculator is Rated as "Great!" by 2751 Users

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    Citibank Personal Loan Eligibility Calculator

    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

    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 service"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with CITI bank and the experience was good, the process took 4-5 days to complete. The loan amount was for Rs 3 lakhs for 2 years with the interest rate of 13.25% which is nominal rate. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 17, 2018
    • Citibank Personal Loan
      "GOOD SERVICE "
      0.5 4.0/5 "Great!"
      Documentation and processing was easy which i felt, i got the loan value on time, customer service from the citi bank was explanatory, about the rate if interest which is between the nominal and the high, its a 4 years loan, with auto debit payments.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 14, 2018
    • Citibank Personal Loan
      "Fast process. ROI can be reduced"
      0.5 4.0/5 "Great!"
      Citibank has offered me a personal loan and the process was quick. I got the loan within five working days and I also got the loan as needed. The rate of interest is of 13.25% and the processing fee is zero. It would have been better if the interest rate was lesser.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 13, 2018
    • Citibank Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      Citibank is overall good and I have taken my personal loan with them. The documents were taken from me on time and I had to submit them physically. The rate of interest and the processing charges are also good. The disbursement also happened on time.
      Was this review helpful? 5
      , bangalore
      Reviewed on Aug 04, 2018
    • Citibank Personal Loan
      "Good and clear process"
      0.5 3.0/5 "Satisfactory"
      I have a personal loan with Citibank. The process of documentation is good. It was taken from me on time. I also got the promised rate of interest. They informed me a rate of 10.49% and I got the same. The only drawback is the ECS transaction. It does not get debited from my account. I need to pay it online.
      Was this review helpful? 6
      , bangalore
      Reviewed on Aug 03, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with Citibank 4 years back. The loan amount was 7 lakhs and the interest rate was high . The tenure period was 5 years. The process was very satisfactory and i had a smooth documentation here. The processing fee is 1% and the pre closure is after 1 year here.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 27, 2018
    • Citibank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have taken my personal loan with CITI bank 10 years back. I have a faced a major issues with EMI deductions and i have even raised a complaint also then the step was taken but i have went through a lot of issues due to that . My Credit score was also affected which was very disappointing . I have taken 50,000 and the interest rate was satisfactory .
      Was this review helpful? 7
      , hyderabad
      Reviewed on Jul 20, 2018
    • Citibank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan from the Citi bank for Rs. 5.7L for 4 years. It was very good, The interest was normal. I got the loan amount with in a week. There was a bank strike other than that there were no issues during the loan application.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jul 20, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with CITI bank . I had a wonderful experience here . The loan amount was 4 lakhs and the interest rate was quite satisfactory The EMI period was 5 years . The process was very excellent and they have sanctioned the loan with the committed time. It was quite smooth and i did not expect it to be so easier but it was good.There is no delay at all and the documentation was also perfect.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 20, 2018
    • Citibank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from the Citibank for 4 lacs , The interest rate mis very high. I got the loan amount with in a day and credit to the account. The application and the documentation was really easy and hassle free. They need to lower the interest rates in par with other providers.
      Was this review helpful? 6
      , new delhi
      Reviewed on Jul 17, 2018
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It had been a very good experience i had with them in taking this personal loan where the process in getting the loan had been easy and smooth where the loan amount also had been satisfactory. The interest rate had been good with them where it was not much higher. There has not been any hassle so far.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jul 12, 2018
    • Citibank Personal Loan
      "Very Good Service"
      0.5 3.5/5 "Pretty good"
      I had taken this loan almost a year back and it had been a very good experience with them. The loan amount which they where providing had been satisfactory and the interest rate with them has been okay and it was not that high. There has not been any issues faced with the services of them.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jul 12, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CITI bank 1 month back. The rate of interest was very high and the loan amount was 1 lakh . The EMI period is 2 years . The process was quite easy and i had a simple documentation since i am holding a card here. The processing fee was 1% and the followup's done properly.
      Was this review helpful? 3
      , chennai
      Reviewed on Jul 12, 2018
    • Citibank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with CITI bank and my loan experience was good, the loan amount was for Rs 1.5 lakhs with nominal interest rate when compared to other banks. Customer service was good and the tenure for this loan is 4 years. No preclosure is allowed for first 6 months.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jul 11, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken this loan from them in the year of 2015 and the process in getting the loan had been easy and smooth. The loan amount which they had provided had been satisfactory but the interest rate with them had been on the higher end but it has not been a problem.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jul 07, 2018
    • Citibank Personal Loan
      "Very nice experience"
      0.5 5.0/5 "Blown Away!"
      I have applied the personal loan of 1.20 lakhs and they have sanctioned the same amount. They have offered me a interest rate of 22% per annum. Their is no processing fee for this loan. I have done the online documentation process. They have sanctioned the loan on time. Everything fine with the CITI personal loan.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jul 06, 2018
    • Citibank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I have approached CITI bank for my personal loan process. I got a call once and later they did not taken the process forward. I am not satisfied with the customer service and responses . The loan amount was 2 lakhs and the interest rate was satisfactory . They did not contact me for the documentation process itself which was disappointing ,
      Was this review helpful? 2
      , noida
      Reviewed on Jul 06, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CITI bank. I tried applying through the website but later i couldn't apply due to the technical error, the application was closed. I was expecting 4 lakhs loan amount and i have got loans from the banks. The customer service and responses was good.
      Was this review helpful? 3
      , chennai
      Reviewed on Jul 05, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with INDUSIND bank 2 months back. The loan amount was 1,50,000 and the interest rate was very high . The customer service and responses was up to the mark. Its a paperless process and the processing fee was very high . They have sanctioned the loan with the committed time .
      Was this review helpful? 2
      , chennai
      Reviewed on Jul 03, 2018
    • Citibank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the citi which they approved and the amount is reflected in 15 days ,its instant approve process. As am satisfied with the rate of interest 13%which is quiet high. They provided the tenure period of 4 year and i make the payment monthly though ECS.. There is no processing fees also,
      Was this review helpful? 2
      , chennai
      Reviewed on Jul 03, 2018
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