Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Citibank Personal Loan Interest Rates

    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
    1% to 2.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
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    Citibank Personal Loan Interest Rates is Rated as "Excellent!" by 1747 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.

    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
      "High Interest Rate"
      0.5 4.0/5 "Great!"
      Citi bank is on higher end in terms of interest rate. They quoted some high rate of interest for the personal loan. When I checked with other banks, I got lower interest rate than CITI bank so I closed my application with CITI. Customer service and everything is fine except the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • Citibank Personal Loan
      "Should give quick process"
      0.5 2.0/5 "Expected more"
      CITI Bank didn't contact me on time, they took long days to revert back on my loan application. They didn't come to collect the documents. All banks are completing the loan process within four days of time but CITI is taking much time. Interest rate is no also nominal only the concern about the processing time, that has to be reduced.
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • Citibank Personal Loan
      "Could have flexible options"
      0.5 3.5/5 "Pretty good"
      I did not go ahead with Citibank as they did not have flexible terms and conditions. There were no foreclosure options or a part payment facility. Like wise the bank was very high on the rate of interest and processing charges. But they were quick in responding to my personal loan application.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I was glad about the interest rate as for that reason I proceed with the Citibank for personal loan. It took a long time to process. I submitted the papers I did got proper response and calls from the Citibank till the time of getting loan . Initial call was very quick but after that they are not proactive and they where asking for too much of documents only that part was really bad with them
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2017
    • Citibank Personal Loan
      "Need to increase the loan amount"
      0.5 2.0/5 "Expected more"
      CITI was not willing to action a higher loan amount or in other words the loan amount provided by CITI Bank was too low and that was the reason why I did not avail the loan from CITI. CITI bank gave a timely response and the followup which was very good too. The rate of interest on my loan is very much nominal and it is much better than any other Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Citibank Personal Loan
      "Its Average"
      0.5 3.5/5 "Pretty good"
      Due to my personal reason I have closed the loan with CITI bank, but they responded well. I got call from CITI bank and they updated about the loan process. Ready to sanction they 90% of loan, what I requested. In fact CITI interest rate and other is also low.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Citibank Personal Loan
      "They should be comparable"
      0.5 3.0/5 "Satisfactory"
      The reason why I had not taken loan from CITI Bank was the high rate of interest which was 15% finally they came down upo14.5%, I did not compromise on that, Hence I approached other institute, I got best deal from AXIS with the interest rate around 12% and its good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Citibank Personal Loan
      "They should reduce the interest rate and processing fee"
      0.5 3.0/5 "Satisfactory"
      I got better offer from HDFC as HDFC Bank has offered me the least interest rate of 12.75%, but CITI bank offered me the interest rate of around 14% hence I took loan from HDFC bank. Initially, I gave request to CITI bank to reduce the interest rate but they didn't consider it.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      It was last year I had taken a personal loan from CITI. They sanctioned the requested amount from their end with A lower interest rate. They had completed the documentation process with very less paper works. At the right time CITI bank disbursed the loan amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Citibank Personal Loan
      "Need to focused a lot on improvement"
      0.5 1.0/5 "Really Bad"
      CITIBANK, while explaining the personal loan, they explained in a processed way and told less interest rate, and after that while processing the loan the have increased the interest rate, which need to be changed with Citibank. They need to be improve lot of things, while communicating with the customers. Citibank executives and the higher officials need to be trained in the processed way to communicate with their customers.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Excellent deal on the ROI"
      0.5 3.5/5 "Pretty good"
      Since I am a corporate customer, Citibank did not have much of a documentation for the personal loan. The process was quick and smooth. The deal on the interest rate was good as I got a rate of 10.99% which was the lowest when compared to other banks. The processing charges was minimal.
      Was this review helpful? 1
      , gurgaon
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "High Rate of Interest"
      0.5 3.0/5 "Satisfactory"
      I preferred Citi bank for the personal loan and I applied with them through online source. Their response and customer services are good but I found that Citi bank is very high on the rate of interest when compared with other banks in the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Delayed Response"
      0.5 1.5/5 "Bad"
      Actually to say, I do received a response from CITI bank for the personal loan but it was a delayed response. The time when they reached out to me, I got loan from other bank. When I was waiting for the response from citi bank, I did not receive it so I switched over to other bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Need to be transparency in the service"
      0.5 3.0/5 "Satisfactory"
      The Citibank charges some hidden charges on my personal loan concern, which is applicable to the customers without the customers knowledge, that was the reason why I had cancelled my Personal loan application with Citibank. I would like to suggest Citibank, they need to inform the customers about the hidden charges before it is charged. It would be great if they can give the split of estimated chargeable amount in prior. The rate of interest is also high with CITI Bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Citibank was high on the rate of interest that is why I could not proceed with them for the personal loan. The bank was offering me a rate of around 16% and I was looking out for a rate of around 11%. The processing charges was high too. I received a quick response from them though.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "High interest rate"
      0.5 2.0/5 "Expected more"
      Interest rate is very high with Citi bank for the personal loan, also they are not ready to negotiate on interest rate. Whoever spoke to me about the rate of interest was very abrupt and said no for the negotiation. Their customer service is not good enough to handle the customer.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Great bank can do better"
      0.5 3.5/5 "Pretty good"
      Applied personal loan with Citibank. But I have told to close the application , because the foreclosure charges are were high with CITIBANK. The prepayment facility is better in other banks. Within couple of days Citibank gave a call and asked for the documents. The rate of interest is high when compared to others. The customer support and the response was good with Citibank. Overall I can say it is great bank which can do better in future.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I would certainly say that CITI bank is really good.Truly love the service of CITI Bank. As they do what they say they have charged some for processing fee and the loan amount I had opted is 2.6 lakhs and I had received the whole amount. Rate Of Interest they had charged is 12.5% approximately and the pre closure was also informed to me.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Citibank Personal Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan from CITI bank. I cannot say that I did not face any issues with the bank for my loan process, I got delayed service, I do not know whether it is because of the holiday or not but the process was delayed and they delayed for a week to disburse the loan. In the initial stage they informed some interest rate but later on they increased it. Also I had to follow the bank to get my work done, they were not fast in processing, so every time I followed up with the bank.
      Was this review helpful? 0
      , pune
      Reviewed on May 20, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      CITI bank rate of interest is 11.49%, but the loan process is not upto the mark. I had followed up with them for past four weeks. I kept calling them to check the status of loan, they had delayed from there side stating that I had existing loan running from the same bank and they had some dispute on it and they where saying me to to do the top up the loan last on they said they cannot process they loan which i asked for, Later very next day I received called from them again they said they can process the loan,
      Was this review helpful? 0
      , new delhi
      Reviewed on May 18, 2017
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