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
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Citibank Personal Loan Interest Rates is Rated as "Great!" by 1856 Users

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    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.
     Citibank Personal Loan Offers

    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.
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  • Citibank Personal Loan Interest Rates Reviews

    • Citibank Personal Loan
      "Response part has to be improved"
      0.5 3.0/5 "Satisfactory"
      The bank have not contacted me on particular time, Hence I have taken loan from other institute. I waited around two days, there was no response then I got a call from CITI Bank but at the time I have processed my loan with some other financial institute.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I got a better offer from AXIS, I felt preclosure option and processing fee is not good in CITI. They are taking 2% of processing fee for the loan closure and there is no part payment in CITI. Hence I took a personal loan from AXIS bank, but I am happy about CITI service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I already have a saving account with Citi bank, so their executive called me directly for the personal loan. They offered me good interest on loan. They came to my office and collected the papers. CITI bank disbursed the amount within four days. I took the amount of Rs.4 lakhs tenure of 2.5 years and my EMI is Rs.15,095. CITI bank has a locking period of one year, then I can close the loan by paying 2% of preclosure charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Loan process should be simple"
      0.5 3.5/5 "Pretty good"
      I had refused to process my personal loan with CITI bank, because they have asked me for the reference address, I felt the document process very inconvenient. They should make their documentation very simple and reference address detail should also be avoided.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      Previously I have taken personal loan from CITI bank, now it got closed and I got my NOC letter. They have done a fast loan process, and offered me nominal interest taken some reasonable processing fee from the disbursement. I am very happy of their service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I have asked to waived off the fore closure charges with Citibank personal loan , but they haven't agreed to do it, so that was reason, I can't proceed with CITIBANK personal loan application. The customer service and the response part was good with Citibank. The rate of interest is also nominal with Citibank personal loan. I would like to say, It was an very good service with Citibank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The Citibank executives gave a call and spoke about my personal loan application. The customer service with Citibank was good. The rate of interest is nominal with CITIBANK. My personal loan didn't got approved from the Citibank because the additional documents were needed to proceed with the loan so that was the reason I haven't proceeded with the Citibank personal loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      I guess it was a time consuming process, when I approached the CITI bank for the personal loan through online channel. Hence I took the personal loan directly from CITI bank. Immediately the bank disbursed funds . I took the loan amount of Rs. 1.5 lakh and this was for a tenure of 3 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am happy with CITI bank service, they called on the loan process, shared the information regarding the personal loan. Finally I have arranged a money by own source, hence there was no requirement to take personal loan from CITI. They offered good interest as compared to other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "ROI is high"
      0.5 4.0/5 "Great!"
      The only reason I did not go ahead with Citibank is because of the rate of interest. I got a better deal from another bank. Citibank offered me a rate of 11.99% and I got 10.99% from my other bank for the personal loan. The processing charges were nominal.
      Was this review helpful? 0
      , greater noida
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Its really good"
      0.5 5.0/5 "Blown Away!"
      My requirements was closed, I didn't take loan from any of the bank. But there was no need hence I have closed my CITI personal loan request. Their service is good, they have called and informed about the loan procedure. Interest rate is also good compared to other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      Due to banking norms, I could not proceed with the personal loan from Citibank. The bank responded on time and checked about my requirement. They were also quick enough to inform me that the status of the loan. The interest rate and processing charges was normal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Average "
      0.5 3.0/5 "Satisfactory"
      I have not availed the personal loan with the CITI bank because I got the better rate of interest from some other bankers. I have not got any calls from the CITI bank and I would like to suggest that CITI bank should improve their customer service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Its Good service"
      0.5 5.0/5 "Blown Away!"
      I was unable to get all the documents from CITI bank on time. CITI bank had requested for the current address proof and my house owner also not provided the rental agreement because of that reason my application got closed. They are very stick in their process but they offered very good interest rate of 12% and it is really good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Professional services"
      0.5 5.0/5 "Blown Away!"
      I have a personal loan with Citibank and the process was excellent. I got the funds without delay and the documentation is also simple. The after loan services is also perfect and this is one of the best bank to bank with because they are professional in the services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      When I applied for the personal loan with CITI bank I received a good response from them. They had contacted me with regards to my application and provided the required details. But there was no requirement at that time hence I dropped my loan application.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Not satisfactory"
      0.5 3.0/5 "Satisfactory"
      CIT I bank executives proposed the rate of interest would be around 15.25% for the personal loan, which was not okay for me. Customer service and other things are really fine and the rate of interest should be around 13%, which I expected. Rest of the things went in a fine way. Finally, I have arranged the funds through some other sources.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jun 20, 2017
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I chosen the CITI bank to get the personal loan because of the lesser rate of interest. Within seven to ten working days of time, the loan amount got disbursed to my account. Services are fine one with the CITI bank and the processing charges were around 1% of the total capital, also its common for every bankers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • Citibank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      Citibank has been excellent in the process for my personal loan. The customer services are good they are perfect in the communication. I got the loan as needed and as per my requirement. The interest rate and charges was a bit high, but am happy with the response.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 19, 2017
    • Citibank Personal Loan
      "Average. High on charges"
      0.5 3.5/5 "Pretty good"
      There was a little time lag with Citibank, as there were a lot of calls initially about the rate of interest. Sometimes I was made to wait and sometimes they were busy, but they would contact me back, I was expecting a zero fee as I took a loan around 10 Lakhs. Where as there were other banks offering the same interest of 10.99% with a zero fee and zero preclosure charges. With this bank I had taken a loan had a preclosure fee with a processing fee too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2017
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