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 2506 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
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Citibank has processed my personal loan on time and the customer services are excellent. The process was very convenient and the loan amount disbursed is also good. There are no hassles and I am very much happy with the banking services as they have always been perfect.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from Citi bank, my loan application was closed becausei have taken the personal loan from other bank. The customer service was good and i liked the ways they responded, they followed up on time. The only issue was the rate of interest which is high when compared to other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with CITI bank the service was very good with CITI bank but I was not required with the loan service currently they quoted me with a better interest rate and the customer service was also good it was totally a good experience with CITI for my personal loan service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was been eight months I using the personal loan service from CITI bank they offered me a loan amount of 1.82 lakhs. The customer service was good compare to others they offered me a interest rate of 13.49 which was fine compare to others it was a good experience with CITI bank for my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Disappointed service"
      0.5 3.0/5 "Satisfactory"
      I have given all the details to the Citibank , but I haven't got any response from Citibank in regards to my personal loan application and I got disappointed with their bank service. The rate of interest and the charges are low with Citibank when compare with others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Citibank never gave any call in regards to my personal loan application, The rate of interest which was offered by Citibank was low when compared with others, The response part need to be improved with Citibank. The follow up need to be focused with Citibank
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from Citi bank, my loan application was approved and the requested amount was disbursed. The experience was very nice and my loan amount was approved within a week. Customer service was very good and they responded on time. No documents were required as i already hold a salary account with this bank. The process was very smooth and easy. Rate of interest of 12.24% is best rate in the market.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Needs to improve"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from Citi bank, my loan application was closed because there was an issue with my CIBIL score. When it comes to customer service, they just called once and there was no further follow up done, they did not respond. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Zero response"
      0.5 1.0/5 "Really Bad"
      Citibank has not contacted me for the personal loan. It has not been a good experience as I got no response from the bank to acknowledge my details. I have no information on the interest rate and charges. It would be better if the bank contacted the customer in time of need.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with CITI bank was good, they provided door step service for the collection of documents, the process was very smooth and easy. Customer service was best and they responded well. The loan amount was for Rs 2 lakhs with the rate of interest of 12.00% which was the best rate in the market.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Citibank Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      When I have applied personal loan from Citibank I haven't got any call back from Citibank, in regards to my personal loan application. The rate of interest which Citibank was offered was average when compared with others. The response part needs to be improved with Citibank.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 16, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      CITI personal loan service was good they did not ask for any documents there was no proper response from CITI also they were some personal issue, so I was unable to proceed further with my loan process. It was totally an average service from CITI for my personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2017
    • Citibank Personal Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      The customer service was not good at all no one contacted me from the bank side not even once they called . I never got any information about the loan process . I did not expect that form the bank side . I am really disappointed with the experience i had with CITI Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2017
    • Citibank Personal Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      It was a good customer service from the CITI Bank as , for a personal loan i applied . The bank was not giving a full approval they only providing me 75 to 80% of the amount i asked , so i canceled the application from my side . The bank informed me everything i wanted to know for the loan process . Rest everything was good only from the bank side .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Citibank Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      It was not a good service from CITI bank for my personal loan service there was no proper response with CITI bank I feel CITI use to improve their response some more and the documents have been collected directly from my door step ,I am not happy with CITI personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Citibank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The interest rate offered by CITI bank for my personal loan service the documents have been collected directly but there was no proper response from CITI but the customer service was good it was totally a good experience with CITI for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have already closed the personal loan with the CITI bank and the interest rate is good one for me. The loan amount got disbursed within immediate basis. I would like to say that the processing charges were on higher end when it comes to CITI Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2017
    • Citibank Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      It was good experience with CITI for my personal loan but I feel they need to improve their service some more but the process has to improve and the interest rate they offered me was fine compare to others in the market it was totally a good experience with CITI for my personal loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2017
    • Citibank Personal Loan
      "poor response"
      0.5 2.0/5 "Expected more"
      I have applied for a personal loan from CITI Bank. I did not got any response from the bank end. I have waited for a call back from there end and i dont know the exact reason why they haven't contacted me. Thus my personal loan application with CITI bank got closed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2017
    • Citibank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have applied for a personal loan with CITI Bank. The executive who contacted me informed me that i am working with a non listed company and they could not able to process my application. I was not satisfied as they could have check whether, I am a salary holder or not as they had given me the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 13, 2017
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