Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 1 Citibank Personal Loan Interest Rates
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    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 Interest Rates is Rated as "Great!" by 2196 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Citibank Personal Loan Interest Rates

    About C iti Bank Personal Loan

    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 Bank Personal Loan Interest Rates

    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).

    Citibank Personal Loan Interest Rates 2017

    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.
    Apply for Personal Loan

    How to calculate interest/ EMI on my Citibank bank 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.
     Loading your search... Loading your search...
  • Citibank Personal Loan Interest Rates Reviews

    • Citibank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      I have not taken the personal loan with the CITI bank because I have got the better offer with other bankers. Response was good one with them and I don't have any issues on it. In future, I would like to go ahead with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 25, 2017
    • Citibank Personal Loan
      "Good response and high on charges"
      0.5 4.0/5 "Great!"
      The response was very good at Citibank, just that my requirement changed and I did not take the personal loan. The team followed up on a daily basis. The interest rate was around 11.49% but the processing charges was extra when compared to the other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 25, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Citibank has promised a interest and they failed to approve the loan with the same interest rate,so that was the reason I haven't got the loan from Citibank. The customer service is good with Citibank. The promises need to be fulfilled with Citibank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 25, 2017
    • Citibank Personal Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      I am quite happy with Citi bank, they offered me nominal interest rate as per the market. But I Just gave inquiry to the Citi bank to check their offers. Now I don't have any requirement to take loan right now therefore I proceed with CITI Bank..
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 25, 2017
    • Citibank Personal Loan
      "Not consisten in ROI"
      0.5 3.0/5 "Satisfactory"
      After me applying at Citibank for a personal loan, they contacted me once for it. I did not go ahead is because, I was initially informed around 13% as interest rate and later I was offered 15%. So I went ahead with another bank and declined this application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 25, 2017
    • Citibank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with CITI bank 3 years back. My loan amount was 65,000 and the EMI period was 36months for it but the rate of interest was 16 % which is really high and not satisfactory. The personal loan process was very good here . They have just taken 2-3 days for the process and sanctioned the loan with the committed time. My overall experience was good.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 25, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My credit score was low so that was the Citibank has closed my personal loan application. They have explained me about the product and then I have informed them that my credit score is low then they have informed me back that credit score is not meeting their eligibility criteria. The rate of interest sis nominal with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 25, 2017
    • Citibank Personal Loan
      "Below Average service"
      0.5 2.0/5 "Expected more"
      The Citibank was about to offer me 4lakhs but I had requirement for more than 5.50lakhs , there was no fore closure. Part payment option available in their Personal Loan process. Based on the customer requirement Citibank has to approve the loan. The customer service provided by Citibank is poor. They are not fulfilling the customer requirement.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 25, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Citibank executives has told that they can give the loan within the turn around time but they never turned up after 15days time they gave a cal and asked me to submit the documents, Then they have told that the chosen offers was not available , so that was the reason I haven't got the personal loan from Citibank. The rate of interest is high when compared with others. The promises need to be fulfilled by Citibank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • Citibank Personal Loan
      "Below Average service"
      0.5 1.0/5 "Really Bad"
      Citibank haven't gave proper response in regards to my personal loan application. The response part need to be improved with Citibank. The rate of interest whcih they have offered was nominal with Citibank. I would say they have given below average service.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 24, 2017
    • Citibank Personal Loan
      "Approchable Bank"
      0.5 4.0/5 "Great!"
      As i got the required amount from my friend i thought not to take loan from CITIBANK. The bank and their service is still up to the norms. Actually at the time of my application every thing was fine with the bank and the gave me a proper response.Since i got it from another way i thought i will consider the bank later if needed.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 24, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The Citibank haven't gave proper response in my required time. The way they handle the customer is very bad with Citibank. The rate of interest is nominal which they have offered in concern to my personal loan application. The response part need to be improved with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 24, 2017
    • Citibank Personal Loan
      "Not flexible for payment"
      0.5 4.0/5 "Great!"
      With CITIBANK i have applied for a personal loan. They told that i need to pay the EMI by 1st of every month. But i receive my salary only on 5 of every month. i requested to change the EMI date for me but the executive did not consider my request. If they payment was flexible i would have taken the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with Citibank and I haven't got it because I have arranged the required amount from the others source. The customer service had just gave a call and explained me about the product but I have informed them that there is no low requirement . The rate of interest is nominal with Citibank when compared with others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 24, 2017
    • Citibank Personal Loan
      "Average "
      0.5 3.0/5 "Satisfactory"
      It was a average experience with Citibank customer service. The document collection was not okay as they were not willing to collect it from my home and the kept calling me at least 25 times to collect it from work. The interest rate and processing charges was also average on the personal loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 24, 2017
    • Citibank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The process was good at Citibank for the personal loan. I got the loan within five days. It was that quick as I am privileged customer of the bank. The interest rate was okay. Not sure how much it is and the processing charges was normal. I had taken this loan in 2006
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 23, 2017
    • Citibank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have not taken my personal loan from CitiBank. The services are good from them. The process was easy. The bank seen to be fine but I have postponed from my end I have plan of taking after two months but they need to work on there documentation part, They also offered a normal rate of interest and processing charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 23, 2017
    • Citibank Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have taken my salary account with CITI bank and I am using it for about 6 years. My present company does not have tie up with CITI bank for salary account so I have converted my salary account to saving account since all my EMI's and bills are linked to this account. Here the minimum balance to maintain my saving account is 2 lakhs .which was very disappointing and high.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Citibank Personal Loan
      "Good experience"
      0.5 3.0/5 "Satisfactory"
      I have approached CITI bank for my personal loan. They have rejected my application since I have taken loan with them already and they have asked me approached after completing 7-8months installment and get back to start my personal loan process. Their rate of interest was 14% which was high. However I am satisfied with their responses and customer service .
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I just want to get a loan transfer from Bajaj so that was the reason I was looking for he personal loan from Citibank, but then based on the bank norms I was not eligible to get the loan from Citibank,. The customer service was good with Citibank and they gave prompt response. The rate of interest is nominal with Citibank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 23, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.