Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Citibank Personal Loan Interest Rates
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    Interest Rate Range
    Processing Fee Range
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    Tenure Range
    10.99% - 16.49% Fixed
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    30L Max
    1-5 Years
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    Citibank Personal Loan Interest Rates is Rated as "Great!" by 2741 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
      "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? 2
      , 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? 0
      , 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? 1
      , 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? 0
      , 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? 0
      , 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? 0
      , 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? 0
      , 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? 0
      , 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? 0
      , 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? 0
      , chennai
      Reviewed on Jul 03, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      From Citi bank i got personal loan , where the rate of interest is high when compared to other banks . Its instant loan approval process where the documentation has been done so quick and the amount reflected in my account . There processing fees is so high . I have chosen the tenure period of 3 years . Customer service and response is good compared to other bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 03, 2018
    • Citibank Personal Loan
      "Documentation process has to improved"
      0.5 2.0/5 "Expected more"
      I have applied a personal loan in CITI bank. They have rejected the loan due to address proof. I have given my company id proof as address proof. They have Government address i said i don't have the current address proof with me. They have done a documentation through phone calls. Actually i have applied the loan around 1.5 lakhs and they have offered me a interest rate of 11.25%. Any way i will recommend this bank to my friends.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 29, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest was around 10.99% for the personal loan with the CITI bank. I would like to say that the customer service is perfectly fine one for me with the CITI bank and everything is good too with the CITI bank.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 29, 2018
    • Citibank Personal Loan
      "Excellent Service/Response"
      0.5 5.0/5 "Blown Away!"
      Delivered what i was told during initial calls. Minimum interest rate(10.49%) with 0.5% processing fees. This is the lowest that i came across . No hidden charges and no hidden terms and conditions. Amount got processed with in 5 days. Just make sure all the documents are correct and you are not providing any false information.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 28, 2018
    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI bank. The process was very good and the loan amount was 5 lakhs . The interest rate was satisfactory . The customer service and responses was good.I was not getting the proper status update here so I am bit disappointed with the service .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI bank. The precess was very good and the loan amount was 1.2 lakhs . The interest rate was satisfactory . The tenrue period was 1 year . The customer service and responses was up to the mark. They have sanctioned the loan with the committed time and the processing fee is also nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2018
    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI bank.. The loan process was very good and the loan mount was 1.5 lakhs which is satisfactory and the interest rate was good . The customer service and responses was up to the mark.They have sanctioned the loan on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2018
    • Citibank Personal Loan
      "On time Loan Process"
      0.5 4.0/5 "Great!"
      The Overall loan experience was good. The interest rate was little bit higher than compared to other banks. I have applied for 1 lakhs as loan amount. They charged me a interest of 12.5 and processing is 4%. I used to pay the EMI around of Rs. 9000. Totally its a average service from CITI bank.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Got my personal loan from Citi bank where the rate of interest is promising one which is 11% . They gave tenure period of 4 years . There are some charges for processing fees . They approved the loan in 10 days . Overall, I am satisfied with the customer service and response .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2018
    • Citibank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have been using the personal loan from the citi bank. Limit i am not satisfied. Rate of interest is 14% which is high when compared to others. Documentation i have done at the on line with simple and easy. I have to pay for the 3 years. I pay through the credit card.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2018
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