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

    Citibank offers personal loans up to Rs.30 lakh. The interest rate depends on the net monthly salary of the applicant and the loan amount chosen by the applicant. The rates typically range from 11.99% to 18.99% p.a.

    We found 1 Citibank Personal Loan Interest Rates
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    Good to Know
    Customer Reviews
    Citibank Personal Loan Interest Rates is Rated as "Great!" by 2871 Users

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    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN
    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.

    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).

    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
      "Rate of interest should be reduced"
      0.5 4.0/5 "Great!"
      Citi bank rate of interest is too high for the amount of Rs. 3 lakhs, they have taken some processing fee from the disbursement but it was quite nominal. The documentation process was smooth, on the expected time I got the loan amount from the bank.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 18, 2019
    • Citibank Personal Loan
      "CITI bank not recognized the low salaried people."
      0.5 3.0/5 "Satisfactory"
      I have applied the personal loan with CITI bank but they have rejected the loan due to the documentation issue. They have offered me a 18% rate of Interest rate and processing fee of 1.5% which is too high. I have applied the loan amount of Rs. 2 lakhs. The process is very long.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2019
    • Citibank Personal Loan
      "Easy process and good options"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Citibank. It is a ready credit loan. The rate of interest and processing charges are nominal. This option was a pre approved loan of two lakhs. The pre closure is also convenient as I can even close the loan the next day.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 18, 2019
    • Citibank Personal Loan
      "Very Good Loan Experience"
      0.5 4.0/5 "Great!"
      As per my requirement they have approved the loan amount hence i have chosen the CITI bank. CITI bank customer care service is really nice. I have got the loan on time. Documentation process is smooth and good. I don't face any issue with the CITI bank personal loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 18, 2019
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with CITI bank for personal loan was good, the loan amount was sufficient and rate of interest was 0.5% high when compared to market. Customer service was good and they responded on time. Tenure period for this loan is for 5 years.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 17, 2019
    • Citibank Personal Loan
      "Good Experience with CITI"
      0.5 5.0/5 "Blown Away!"
      The experience is good with CITI bank, I have taken the loan of amount of Rs.7.5 lakhs for total tenure period around 7 years. From the bank I got the interest of 10% of corporate interest, there was some minimum charges around 3000 as processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2019
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken my personal loan from Citi Bank through online channel. I think the interest rate which can be lower compare to other banks. I believe they have charged the processing fee which is minor amount because have not received the whole amount on my loan. They took 3 to 4 days for the disbursement. My documents are collected by the executive.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 14, 2019
    • Citibank Personal Loan
      "Good"
      0.5 2.0/5 "Expected more"
      The rate of interest and charges are good. There was no proper communication between the bank. They took 2 weeks to complete the process. I need to followup every time. The documents are uploaded online and also executive came to collect, they have explained the terms and conditions of part payment. I have opted the loan for 3 years.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 12, 2019
    • Citibank Personal Loan
      "Okay loan services"
      0.5 4.0/5 "Great!"
      The interest rates are very much competitive thats the reason i have chosen CITI bank. Within a short span of time, they have given me a loan. The interest rates are economical and processing fee was competitive. I have chosen the tenure period of 5 years. Documentation process was went smoothly.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 10, 2019
    • Citibank Personal Loan
      "Good Experience"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken from CITI bank. There is no reason for choosing this bank. The interest rates are too high and there is no processing fee. There is a charges for pre-closure after 1 year i can able to do. I can able to make a partial payments 3 times in a year. Overall, i had a good experience with them.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 09, 2019
    • Citibank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The process in getting this loan has been good and the loan amount which they had provided has been sufficient. The interest rate with them has been nominal and there has not been any hassle faced with their banking service where their customer support has also been helpful.
      Was this review helpful? 4
      , new delhi
      Reviewed on Jan 08, 2019
    • Citibank Personal Loan
      "Communication should be clear"
      0.5 1.0/5 "Really Bad"
      They have collected all the documents from my end, while processing my loan due to some mismatch they have rejected it. The person who collected the documents, asked me to update the land mark of the address which was not mentioned in my address proof. At last the processing team have rejected it without any information very dis satisfactory service from the Citi.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 08, 2019
    • Citibank Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Citibank. The process to get the loan is good and there are no hassles in the process. The documentation was collected on time and I am also okay with the rate of interest and processing charges. It is nominal too.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 07, 2019
    • Citibank Personal Loan
      "Good Loan Experience"
      0.5 4.0/5 "Great!"
      Citi gave me the good experience on the personal loan, they taken only a weeks time to disburse the loan amount. I done the process through online. My principle amount is Rs.2 lakhs for the tenure of 3 years, they gave me the nominal interest, I am very satisfied with them.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 05, 2019
    • Citibank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      There was no issues with the citi bank the loan process went very smooth. The bank was quoted me the standard interest for the amount Rs. 5 lakhs for 2 years they gave me the part and preclosure option after one year. If would be if they provide option for preclosure after 6 months.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 05, 2019
    • Citibank Personal Loan
      "Good in Service"
      0.5 5.0/5 "Blown Away!"
      I carry a salary account in Citibank and at the time of in need of a personal loan i had applied with Citibank. My application was taken care and was processed on a quick note. I am happy with its overall services. The response system is quick over here.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 05, 2019
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Earlier I took a personal loan with Citi Bank and it has been closed. The loan period was 2015 to 2016. I did not give any single document for the loan, it was offered by the bank based on credit card. The customer service is pretty good. The rate of interest was average.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 04, 2019
    • Citibank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I took my personal loan from Citi Bank through online channel. The customer service is good. The rate of interest is something different when compared to others. HDFC is giving 12.75 and where Citi charged me 13.25%. They took longer time to disburse the loan amount from the bank end.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jan 04, 2019
    • Citibank Personal Loan
      "Not satifactory "
      0.5 4.0/5 "Great!"
      My personal account was taken with CITI BANK , they charged nominal rate of interest with this account . I did not face any issue at the time of documentation . I ask them that can i repay before the tenure period but they have not given me option of preclosure . Tenure period is 1 year .
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 04, 2019
    • Citibank Personal Loan
      "Looking for less interest rate"
      0.5 3.0/5 "Satisfactory"
      My personal loan experience was not up to the mark with CITI bank, loan amount was based on my requirement and the rate of interest was high when compared to other banks. Customer service was good. Tenure period or this loan was 24 months but i preclosed in 7 months and they charged 4% as penalty.
      Was this review helpful? 7
      , bangalore
      Reviewed on Jan 03, 2019
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