Multiple banks. Different interest rates. Call it a "conflict of interest".
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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% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
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    Citibank Personal Loan Interest Rates is Rated as "Great!" by 2551 Users

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    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.

    Citibank Personal Loan Interest Rates Reviews

    • Citibank Personal Loan
      "Excellent banking"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with CITI bank,it was approved with limit of 3.9 lakhs,Rate of interest is 12.99% nominal as compared to other banks.They had immediately responded for the request but they took 2 weeks to complete as there was a delay from my end.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 11, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with CITI bank and the experience was quite good. The process was very smooth and easy, my loan amount was approved within 1 week. Customer service was fine, there were no issues with them and they followed up correctly. They provided door step service to collect the documents. The rate of interest of 11.5% is nominal when compared to other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 08, 2017
    • Citibank Personal Loan
      "Great Experience"
      0.5 5.0/5 "Blown Away!"
      I like the CITI BANK service. They called me on time, everything was good. The response was fast. The rate of interest was not high compared to other banks. The disbursement was on time. The documents are collected at doorstep. The part payment and pre closure options are average.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI Bank. The loan amount was 1.23 lakhs and the interest rate was 12% which was average in the market. They have sanctioned the loan with the committed time and the pre closer is after 1 years. My experience was very good here.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 08, 2017
    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI Bank. He loan amount was 1.23 lakhs and the interest rate was 12% which was average in the market. They have sanctioned the loan with the committed time and the pre closer is after 1 years. My experience was very good here.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 08, 2017
    • Citibank Personal Loan
      "Not good"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with CITI bank . The process was not that good since they have taken a week of time for disbursing the loan amount even after the continuous followups.I have taken 10 lakhs and the interest rate was 11% which was bit high than other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 08, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      Citi personal loan service was good ,the interest rate was reasonable by compared to the market value also the process was very fast with citi personal loan department and the customer support was good ,I am very much happy with the service of citi personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 08, 2017
    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have taken1 lakh personal loan with CITI Bank . The tenure period was 3 years and the interest rate was 10.99% which was satisfactory . The customer service and responses was up to the mark. They have sanctioned the loan with the committed time and they have provided door step service for collecting document .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 07, 2017
    • Citibank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have my personal loan with CITI bank 5.69 lakhs and the interest rate was 13.25%. The tenure period was 5 years . The loan process was good and smooth. They have sanctioned the loan with the committed time and the processing fee was nominal .
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with CITI bank and it was a good experience overall. When it comes to customer service, it was good and they responded on time, documents were collected door step. The process was quite smooth and it took 1 week for the loan amount to get approved.The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Dec 07, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from CITI bank, my loan application was approved but the requested amount was not disbursed. I have requested loan for Rs 10 lakhs but they approved loan only for Rs 9.86 lakhs. The process was not good at the initial stage as there was too much of bargaining done and too many terms and conditions. I paid 0.5% excess for processing fee whereas i am supposed to pay only 2.25%. Customer service part was good, they provided door step service to collect the documents. The process was smooth and the loan amount was approved within the given time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 07, 2017
    • Citibank Personal Loan
      "Best banking"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Citi bank the loan amount is there lakhs,rate of interest is high as compared to other banks.The executives shared the complete details of the loan.They took almost 20 days to complete the process.Its hassle free banking with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2017
    • Citibank Personal Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with CITI bank. The loan process was bit slow . They have taken much time and I have followed 10-15 days of time for the approval. The loan amount was 2 lakhs and the interest rate was 12.99% which was average in the market . They have provided door step service for collecting documents and the processing fee was also very much nominal.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 07, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with CITI bank.The loan amount is 5.85 lakhs ,Rate of interest is low as compared to others.The process was very quick and they completed within few days,i am happy about the service.Net banking is convenient to use.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      It was a good experience with citi personal loan service ,the experience was good with citi personal loan department. The process was very fast with citi bank personal loan process compare to others in the market and the rate of interest they offered me was 12.5% which was higher than the market value.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2017
    • Citibank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from CITI bank, my loan application was approved and the requested amount was disbursed. The process was very smooth and easy, it took 5 days for the loan amount to get approved. Customer service was prompt and they followed up om time, documents were collected door step. There is no charges on part payment unlike the preclosure. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 06, 2017
    • Citibank Personal Loan
      "Great"
      0.5 5.0/5 "Blown Away!"
      They offered interest rate of 12.9%, when I compared with other banks which was little bit okay. The loan process was good. The customer service and response was satisfactory. The executive came to the place on committed time and collected the documents. After approval they took 4 to 5 days for the disbursement. I make the EMI payment through internet banking.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 06, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI Bank. The interest rate was 11.74% which was bi8t high in the market and the tenure period was 5 years. The customer service and responses was good.They have provided door step service for collecting documents.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 06, 2017
    • Citibank Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      Rate of interest was around 10.99% for the personal loan with the CITI bank. I would like to say that the customer service was fine one with the CITI bank for the personal loan and the processing charges were lesser one, when compare with other bankers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 06, 2017
    • Citibank Personal Loan
      "Hassle Free"
      0.5 5.0/5 "Blown Away!"
      I got smooth service from CITI bank, they have sanctioned my loan amount on time, I have done the online process of documentation its good. Even the Interest rate is quite nominal , I took the amount one lakh for the tenure of one year. I am satisfied with them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 05, 2017
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