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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
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    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    Citibank Personal Loan Eligibility Calculator is Rated as "Great!" by 1871 Users

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    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.

    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
      "Response is good"
      0.5 5.0/5 "Blown Away!"
      Due to my personal reasons I could not proceed ahead for the loan with Citibank. I received a proper response and they provided all the details to me. They offered the least rate of interest in the market. It was around 10.99% and the processing charges were very much normal, especially when it comes to personal loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      I did not go ahead with Citibank for the personal loan as I got a better offer from another bank. They were on time in the customer services and they informed me the details. The process was quick and in all it was a nice experience and hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Instant loan in 4 hours"
      0.5 5.0/5 "Blown Away!"
      As I am holding a Citibank salaried account, the entire loan process and the disbursement was done within 4 hours of time, which is really a super-fast process also I had received a very good service from CITI. I would say that I have got the best and a faster loan process , when compared with other banks. The rate of interest is low when compared with others. I am happy about the loan amount because the required loan amount has been disbursed on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Be more flexible in the terms and conditions"
      0.5 4.0/5 "Great!"
      Citibank contacted me on time for the personal loan and the team informed me the details about the process. The interest rate was normal and so was the processing charges. I did not take the loan from them because they had a one year lock in period to pre close the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had received the required cash through some other source that was the reason I didn't opt for CITIBANK personal loan. The customer service and the follow up was good with CITIBANK. The rate of interest is nominal with Citibank. Overall service, I am very much happy with CITI Bank services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      Currently, I don't have requirements to take personal loan from Citi bank, that the reason I dropped the plan. CITI service is good, they offered me least interest rate of 10.99% but for preclosure there is a locker period of six months its should be lesser and they taking some charges of 3 to 5% for preclosure.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 23, 2017
    • Citibank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      After me applying for a personal loan with Citibank, I received one call and there was an executive to come over and collect my documents. But no one came up to start the process. So I went ahead with another bank who was more responsive in giving me the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 23, 2017
    • Citibank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      Citibank has been excellent in the personal loan experience. I was contacted on time and there was no documentation. I also received the loan on time and the after loan services are also perfect. The customer support has always been really good and helpful.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 23, 2017
    • Citibank Personal Loan
      "Interest rate should be reduced"
      0.5 4.5/5 "Excellent!"
      CITI Bank offered me the interest rate of around 13% it is higher side. Hence I have approached other bank, I got the better interest rate around 11.60% in other bank. But CITI bank contacted me on time for the loan process but I denied to go head because of interest rate.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 23, 2017
    • Citibank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      Since I changed my mind I did not go ahead for the personal loan with Citibank. There were too many calls, which upset me and I did not go ahead. The interest rate and processing charges was also a good deal overall. No hassles overall with the experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      Citibank was good in the response after I applied for the personal loan. I did not go ahead because they did not offer me the interest rate I was looking for. I needed a rate below 11% and the bank was offering a rate of 12%. The processing charges were high.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Need Improvement"
      0.5 4.0/5 "Great!"
      I didn't get the personal loan from CITIBANK. I got the call from Citibank executive in a day's time. They told me to submit the documents to the executives but no one turned up and finally I got a text from CITI saying that my personal loan application got cancelled. They haven't revealed the reason why they have cancelled my application. The rate of interest is high , when compared with others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Response part has to be improved"
      0.5 1.0/5 "Really Bad"
      There was no response from CITI Bank, no body contacted me with regards to the loan process. In fact no one reached me to collect the documents. I had waited for a week then I have processed personal loan with some other bank. Compared to CITI service HDFC is the best.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Communication gap should be avoided"
      0.5 1.0/5 "Really Bad"
      I have not received any call from CITI Bank, Almost I have waited around two to three days. Even I didn't get any welcome call from CITI bank on the loan process. Then I applied to TATA Capital, they proceed the loan very quickly. Finally I got a call from CITI bank, at that time I have processed my loan with other institute.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got a call related to the personal loan balance transfer from Citibank. I got confirmation from Hsbc that I can do a balance transfer after 1 year. The rate of interest is nominal with Citibank, which is comparable. So that was the reason I can't proceed with the Personal Loan with Citibank. I can say it was good service with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Response part has to be improved"
      0.5 3.0/5 "Satisfactory"
      The bank have not contacted me on particular time, Hence I have taken loan from other institute. I waited around two days, there was no response then I got a call from CITI Bank but at the time I have processed my loan with some other financial institute.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I got a better offer from AXIS, I felt preclosure option and processing fee is not good in CITI. They are taking 2% of processing fee for the loan closure and there is no part payment in CITI. Hence I took a personal loan from AXIS bank, but I am happy about CITI service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I already have a saving account with Citi bank, so their executive called me directly for the personal loan. They offered me good interest on loan. They came to my office and collected the papers. CITI bank disbursed the amount within four days. I took the amount of Rs.4 lakhs tenure of 2.5 years and my EMI is Rs.15,095. CITI bank has a locking period of one year, then I can close the loan by paying 2% of preclosure charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Loan process should be simple"
      0.5 3.5/5 "Pretty good"
      I had refused to process my personal loan with CITI bank, because they have asked me for the reference address, I felt the document process very inconvenient. They should make their documentation very simple and reference address detail should also be avoided.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      Previously I have taken personal loan from CITI bank, now it got closed and I got my NOC letter. They have done a fast loan process, and offered me nominal interest taken some reasonable processing fee from the disbursement. I am very happy of their service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
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