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    We found 1 Citibank Personal Loan Interest Rates
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher Ad
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    Citibank Personal Loan Interest Rates is Rated as "Great!" by 2692 Users

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    Citibank Personal Loan Interest Rates

    From renovating your home and going on a vacation abroad to buying gadgets and planning a wedding, personal loans offered by Citibank can help you fulfil your dreams. Citibank personal loans can be available within 48 hours if the customer submits the necessary documents. Customers can acquire a personal loan by simple documentation and hassle-free process with minimal documentation. You can choose a loan tenure from 12 months to 60 months. Customers do not have to provide any guarantors to avail of personal loans offered by Citibank.

    Citibank offers personal loans at a fixed rate of interest of 13.99%. CAT A corporate employees, CAT B corporate employees and Self-employed applicants offer interest rates of 13.75% - 15%, 14.50% - 15.75% and 15.25% - 17.00% respectively. Special offer for Citibank salary account holders applying for personal loans. Citibank will approve the loan in four hours sans physical application for loan decisioning. Citibank offers a flexible repayment options ranging from 12 to 60 months. Citibank offers personal loan at a fixed rate of interest of 13.99% (EMIs will remain throughout the loan tenure).

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    Citibank Personal Loan Interest Rates 2018

    Particulars Salaried Self-employed
    Interest rate

    For loan amount up to Rs.10 lakh:

    Net monthly salary upto Rs.50,000: 14.99% p.a. to 16.99% p.a.

    Net monthly salary between Rs.50,000 to Rs.1 lakh: 14.25% p.a. to 16.49% p.a.

    Net monthly salary more than Rs. 1 lakh: 13.49% p.a. to 15.99% p.a.

    For loan amount from Rs.10 lakh to Rs.14.99 lakh: 12.75% p.a. to 13.99 p.a.

    For loan amount from Rs.15 lakh to Rs.19.99 lakh: 12.49% p.a. to 13.75% p.a.

    For loan amount more than Rs.20 lakh: 11.99% p.a. to 13.50% p.a.

    Monthly income up to Rs.80,000: 18.99% p.a. to 19.99% p.a.

    Monthly income more than Rs.80,000: 15.99% p.a. to 18.99% p.a.

    Loan Amount

    Minimum: Rs.1 lakh

    Maximum: Rs.30 lakh

    Minimum: Rs.1 lakh

    Maximum: Rs.30 lakh

    Loan Tenure Minimum: 12 months Maximum: 60 months Minimum: 12 months Maximum: 60 months
    Lowest EMI Rs.2,301 p.m. (Calculated for the minimum loan amount for the longest tenure allowed at the lowest interest rate available). Rs.2,432 p.m. (Calculated for the minimum loan amount for the longest tenure allowed at the lowest interest rate available).
    Processing Fee

    Minimum of 0.25% to 2.5% of the loan amount.

    For loans above Rs.10 lakh a flat fee of Rs.999 is levied.

    Minimum of 0.25% to 2.5% of the loan amount.
    Age Not specified. Not specified.
    Prepayment Charges No charge. Prepayment allowed once in 12 months subject to an amount equivalent to a minimum of 2 EMIs and a maximum of 5 EMIs, after the first 12 EMIs have been paid satisfactorily. No charge. Prepayment allowed once in 12 months subject to an amount equivalent to a minimum of 2 EMIs and a maximum of 5 EMIs, after the first 12 EMIs have been paid satisfactorily.
    Foreclosure Charges Up to 3% on total principal outstanding at the time of final settlement. Up to 3% on total principal outstanding at the time of final settlement.

    How to calculate interest/ EMI on my Citibank personal loan?

    EMI comprises the interest on loan in addition to the principal to be repaid. The sum of principal and interest is divided by the tenure of the loan. Top rate aggregator websites such as bankbazaar.com provide a personal loan EMI Calculator which helps customers calculate the exact EMI which needs to be paid. All a customer has to do is enter the details of loan amount, tenure, interest rate applicable and processing fee, if any and click ‘calculate’. The customer will then find all the required information such as amortization figures and loan repayment figures for a specific loan amount. An amortization table provide a breakdown of loan repayment.

    For instance, Mahesh Devulapalli, a 34-year-old software architect, takes a personal loan of Rs.7 lakh at an annual interest rate of 13.99% for a tenure of 36 months. Mahesh, therefore, has to pay an EMI of Rs. 23,921 per month. The amortization table is as follows:

    The amortization table is as follows:

    Year Principal paid (Rs) Interest paid (Rs) Balance amount (Rs)
    Year 1 2,01,732 85,320 4,98,268
    Year 2 2,31,836 55,215 2,66,432
    Year 3 2,66,432 20,619 0

    Factors affecting your Citibank Personal Loan interest rates

    There are various factors which affect interest rates offered on Citibank personal loan as listed below.

    • Loan tenure: Interest rate offered by Citibank depends upon the loan tenure chosen by customers. If the customer opts for a short loan tenure, the bank is most likely to charge a higher interest rate as compared to loans offered on longer tenures.
    • Relationship with Citibank: If a customer has a good rapport with his or her bank, there is no trust deficit. Consequently, the bank will be in a position to reduce their interest rates offered to privileged customers. Also, a long-standing customer of a bank can negotiate a lower interest rate, provided he or she fulfils all the required eligibility criteria for availing of a personal loan.
    • Repayment capacity: The repayment capacity of a borrower is of seminal importance. Banks usually provide personal loans up to 10 times the monthly salary of a customer. Banks check the CIBIL score of an applicant to determine his repayment capacity. Citibank will offer attractive interest rates to loan applicants with a regular income and a robust credit history,
    • Employment details: The employment history and profile of a customer plays a pivotal role in determining the interest rates offered by Citibank bank. Salaried individuals working with high net worth companies may be offered lower interest rates as compared to those who are self-employed, who, typically, don’t have a steady income.

    Note: Citibank can alter its Interest rates at its discretion.

    How CIBIL score affects Citibank Personal Loan Interest Rate?

    CIBIL score reveals an individual’s repayment capacity and credit history. A robust CIBIL score will boost the chances of a loan applicant to acquire a personal loan at competitive interest rates. If loan applicants have a low CIBIL score, they are unlikely to get their loan approved. If Citibank decides to approve a loan request by an individual who has a low credit score, the interest rate charged on the loan may be higher compared to those who have a good credit score.

    Key things about Citibank Personal Loan Interest Rates

    • When the RBI raises the repo rate, banks do not immediately raise their interest rates. In several cases, if a bank has had a lean growth rate, it will be reluctant to immediately pass on the increased rates to its customers. Banks analyze their liquidity and cost of funds before passing on the hike in repo rate to their customers by way of increased interest rates.
    • Citibank bank does not demand any guarantors as security to provide personal loans.
    • It is always prudent to have a robust credit score to avail of the credit facility from any bank. A good credit score paves the way for a loan getting approved in that all banks including Citibank review the credit history and repayment capacity of an individual before approving a loan.

    Citibank Personal Loan Interest Rates Reviews

    • Citibank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached CITI bank for my personal loan . Their interest rate was very high so I have canceled and taken with HDFC bank. I was looking for 8 lakhs and the interest rate was 15.85% which si very high . The customer service and responses was good.
      Was this review helpful? 0
      , pune
      Reviewed on May 20, 2018
    • Citibank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached CITI bank for my personal loan but their interest rate was very high so i have canceled here and taken with ICICI bank.I was looking fir 4 lakhs and the interest rate was 12.24% which is very high . I am satisfied with the customer service and responses.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan almost seven years back for my personal use. The services which they have provided had been good. It was a paperless approval and i had submitted the documents online and it was an easy and smooth process. The rate of interest was nominal and also the loan amount was satisfactory.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2018
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached CITI bank for my personal loan .I have just enquired about the loan and i did not submit the documents . The loan amount i was looking for was 7 lakhs ad the interest rate is 14.49% which is very high so I have canceled the request. I am not satisfied the customer service and responses.,
      Was this review helpful? 0
      , new delhi
      Reviewed on May 17, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The service was good from the Citibank in regards to my personal loan application. I have got the loan amount within a week time. The customer support service and the response is good from the Citibank. The rate of interest and the charges are average here.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 16, 2018
    • Citibank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Citibank. The customer services and response was prompt. The process is good and on time and the loan amount I received was as needed. The rate of interest was of 10.99% and the processing fee is minimal. Satisfactory overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 14, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have tried getting the personal loan from the Citibank. I have got better loan amount with the good interest rate so that was the reason I have cancelled the personal loan application with Citibank . The customer support service and the response is good with the Citibank and they gave me good approach in regards to my personal loan.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on May 14, 2018
    • Citibank Personal Loan
      "Interest was high"
      0.5 4.5/5 "Excellent!"
      I had taken a personal loan from CITI bank and the approved loan amount was 2 lakhs.The interest was 15% which was very high. The monthly EMI is 8000 for 3 years. But i have close the loan by part payment. There was no part payment charges with CITI.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 13, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I was in need of a personal loan for which i have applied, where i had a nice experience with them. It was a good response that they had given for my application. Even the rate of interest which they where offering during that time was very minimum compared to the other banks which was available in the market.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 12, 2018
    • Citibank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      The personal loan at Citibank was not up to the mark. After collecting the documents they have informed me that their bank is not available in my area. The bank needs to be more flexible. Not sure on the rate of interest and processing charges.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 12, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have chosen this particular institution since because of the interest rate which they were offering was very low during that particular time. The whole process was even good with them where i did not faced any hassles. From the customer service team there has been frequent calls and follow ups. I have applied for the loan for the marriage purpose.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 12, 2018
    • Citibank Personal Loan
      "Citi bank personal loan"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with CITI but it has got rejected since they need the local address proof and at the time of submitting my application. I had an out standing balance on my credit card. So i could not able to proceed further with my personal loan application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 11, 2018
    • Citibank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The interest rate with this personal loan was quite good and comfortable. When i was having the conversation with the customer service executive of the bank, but there was no follow ups from their side. It was not satisfactory experience overall.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 11, 2018
    • Citibank Personal Loan
      "No response"
      0.5 3.0/5 "Satisfactory"
      It has not been a very good experience with Citibank. I had applied for a personal loan. It was a complete zero response and I was not informed the details as well as to why the loan was closed. I only got a SMS that it is declined. No paper work was collected.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 11, 2018
    • Citibank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Citibank and I just got one call informing me that the application has been submitted. After which the verification did not happen and there was no information as to why the loan got declined. Not sure on the interest rate and charges.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 11, 2018
    • Citibank Personal Loan
      "Need to be clear in the process"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Citibank. It has not been a good experience. Though I provided all the documents, the loan was not processed. I was also not given a valid reason as to why I could not get the loan. I am not sure on the interest rate and processing charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 10, 2018
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The response part is not up to the mark with the Citibank in concern to my personal loan application. The customer support service is average here, there was no much conversation from them,. The customer support service and the response need to be improved from the Citibank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 10, 2018
    • Citibank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have approached CITI bank for my personal loan . They have rejected my application due to my eligibility criteria. The loan amount was 4 lakhs and the interest rate was 13.25% which is high so I am not satisfied, i have 24/7 helpline number.The customer service and response was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 09, 2018
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had a plan to take my personal loan with CITI bank. I had some document issues so they have rejected the application. The loan amount was 4 lakhs and the interest rate was 12.99% which is very high. The customer service and responses was very good. I have 24/7 helpline number.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 09, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The Citibank gave me good response in regards to my personal loan application. They haven't collected the documents, The customer support service and the response is average with the Citibank. They need to focus in the customers requirement.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 09, 2018
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