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 2328 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
      "Good"
      0.5 5.0/5 "Blown Away!"
      The experience was fine one with the CITI bank for the personal loan and the loan amount got disbursed within three days of time. Response is good one with the CITI bank.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Oct 17, 2017
    • Citibank Personal Loan
      "Services not up to the mark"
      0.5 2.0/5 "Expected more"
      It was not a very good experience with Citibank for the personal loan and the transaction was cut off as they were not very clear in their communication. Through the bank was offering a decent deal on the interest rate and processing charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • Citibank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      The experience at Citibank is good for the personal loan as they contacted me on time and informed the details. I did not go ahead as I changed plans. The rate of interest and processing charges was normal and in all it was a good and without any inconvenience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      Citibank was good in the response as they contacted me on time after I applied for a personal loan, The expected loan amount was sanctioned on time, The rate of interest was not satisfacatory becasue other bankers are doing less than 11%. For preclosure they charge 3%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      I had personal loan with CITI bank, I like their processing and paper less documentation process. CITI interest rate was nominal, I took the amount of Rs.5 lakhs for the tenure of three years. They gave me pre closure and part payment without any charges.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "EXCELLENT"
      0.5 4.5/5 "Excellent!"
      My earlier experience with Citibank has been better than the current experience. Because my personal loan was disbursed as promised, more over it was a larger amount. The rate of interest was also nominal and I got to pre close the loan and I was not charged a fee.
      Was this review helpful? 0
      , thane
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      Citibank was not at par with the rest of the market. Since I started my process with them, that is why I went ahead. They took a little more than a week to complete the personal loan. They took 72 hours to contact me after applying after which another two days to collect the documents and after which few more days again for the disbursement. They are high in the processing fee and they also charged a additional fee. They even have a fee for the pre closure.
      Was this review helpful? 0
      , thane
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "Not recommendable"
      0.5 2.5/5 "Just OK"
      It was not a good experience with Citibank for the personal loan. I was not getting what I was told. I was told initially that I would get a interest rate of around 10.99% and at the disbursement I was informed that the interest rate is of 12.99% and I am not happy with that. I was not in the situation to cancel the loan too. Then there was a option of a part payment and foreclosure with a zero fee. Later I was told that the part payment can be done only after a year and I can a maximum of five EMIs. Like wise there would be a fee of 3% for the foreclosure. More than all, is I was told that I would get 12 lakhs and at the end I was given only 6.5 lakhs. Due to this I had to arrange the balance funds by taking another loan from another bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "High on charges and ROI"
      0.5 4.0/5 "Great!"
      Citibank was good in the response as they contacted me on time after I applied for a personal loan. I did not go ahead as I got a better deal from another bank. The interest rate was around 12.5% and the processing charges was high too when compared to another bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Citibank Personal Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from CITI bank, i am happy that my loan application was approved and the required amount was sanctioned. The customer service is good and they were very helpful, the process was easy, smooth and fast. They provided door step service to collect the documents. Further, I am very much satisfied with the rate of interest.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Citibank Personal Loan
      "High on the ROI"
      0.5 4.0/5 "Great!"
      The services was good from Citibank. I received a call after I had applied for a personal loan. The team explained the details to me. I did not go ahead with the bank is because rate of interest is very high and the processing charges were high too.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2017
    • Citibank Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from Citi bank, i am happy that my loan amount was disbursed. When it comes to customer service, it was good and they were very helpful, the process was smooth and easy. They also provided door step service for the collection of documents. The rate of interest is high when compared to all other banks, i was in need of urgent loan so i got it from Citi bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Citibank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      I have already taken the CITI bank personal loan like its a kind of top up and the rate of interest was around 14%. I would like to say that the response was fine one with the CITI bank and I have not faced any issues with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Citibank Personal Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      Process was very nice with the CITI bank for the personal loan, also they have credited the loan amount in a week of time. I would like to say that the response was okay with the CITI bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from CITI bank, i am happy that my required loan amount was approved and disbursed. As soon as i applied for the loan, they called me immediately, the process was smooth and fast, my loan was approved within 3 days. They provided a door step service for the collection of documents and i am also satisfied with the rate of interest.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The service is good with Citibank. They gave prompt response in regards to my personal loan application. The required loan-amount has been disbursed and I ma satisfied with it. The rate of interest is nominal with Citibank when compared with others. I am satisfied with the loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 14, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The service is not up to the mark with Citibank personal loan process. There was so much of delay. The customer support has collected my documents on time, but they haven't disbursed my loan amount within the promised time. The required loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 14, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      The Citibank personal loan service is good. They have disbursed my loan amount within a week time. The rate of interest is nominal with Citibank when compared with other banks. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 14, 2017
    • Citibank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The Citibank personal loan service is good . They have disbursed my loan amount within the promised time. The customer service is good with Citibank. The rate of interest is average with Citibank. I would say I am satisfied with the Citibank service.
      Was this review helpful? 0
      , noida
      Reviewed on Oct 14, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I applied for a personal loan with CITIBANK. They contacted me within 2 days and collected my documents and took 10 days to disburse the personal loan with the rate of interest of 12.49% which I feel is high and usually I used to get calls saying that personal loans are available at 10 - 11% as rate of interest but here it is high in CITIBANK. The processing fees is also around Rs. 2000 - Rs. 3000.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 14, 2017
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