Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Citibank Personal Loan Interest Rates
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    10.99% - 17.99%
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    Citibank Personal Loan Interest Rates is Rated as "Great!" by 2788 Users

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    Citibank Personal Loan Interest Rates

    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).

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    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.

    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
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a nice experience with CITI bank for personal loan, the process took 20 days to complete. The loan amount was for Rs 6 lacs with nominal interest rate and the tenure period is 5 years. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2018
    • Citibank Personal Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with CITI bank and the experience was good, the process was smooth and i received my loan amount on time. The loan amount was for Rs 1.36 lacs with nominal interest rate and the tenure period for this loan is 1 year.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Citibank Personal Loan
      "Good in Need"
      0.5 4.0/5 "Great!"
      I had once applied for personal loan with Citibank . I remember the process was easy and i had got the loan amount sanctioned on time, They were quick in their response and they are comparatively best when compared to other banks. The response is quick in Citi bank
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 16, 2018
    • Citibank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My experience was not good with CITI bank for personal loan, the loan amount was based on my requirement and the rate of interest was very high when compared to others. Customer support was not up to the mark with CITI bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • Citibank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have not compared the interest with other banks since I had urge, I have taken a personal loan with CITI BANK. The interest rate was 14% and the processing charge is 1.5%. The loan amount was disbursed within 36 weeks and it was very quick. Every month, I have to pay 22,200 rupees for 3 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2018
    • Citibank Personal Loan
      "Charges should be reduced"
      0.5 5.0/5 "Blown Away!"
      I took personal loan based on credit card transaction, immediately they have disbursed amount to my account. But interest rate is higher than other bank. I am not happy with preclosure charges. For my first loan I paid Rs.25,000 extra as a processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2018
    • Citibank Personal Loan
      "Not satisfactory"
      0.5 2.0/5 "Expected more"
      They have not even ready to reduce the interest rate. Through app, i have approached for the personal loan since its an immediate requirement there is no option for a negotiating the interest rate. I have got a loan within a day. I have got the loan amount of Rs. 3 lakhs. The customer care service is not good. They have charged me Rs. 7000 around as a processing fee.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 13, 2018
    • Citibank Personal Loan
      "Its Better"
      0.5 4.0/5 "Great!"
      CITI Bank loan taken long time to process my loan and when I approved for the personal loan they didn't tell about the charges. Finally they debited few amount from the disbursement amount. I am not sure about the charges, I am fine with the loan.
      Was this review helpful? 3
      , chennai
      Reviewed on Nov 05, 2018
    • Citibank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Compared to other bank I got less interest rate in CITI Bank for the personal loan. But they have taken minimal processing fee from the disbursement. The process was easy, the documentation was easy, they collected my papers on time there was no issue.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 05, 2018
    • Citibank Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      Citibank is good in the personal loan process. The customer support and response is good. There are no hassles in getting the loan. The rate of interest is on the higher side and the processing charges too. The overall process is good overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 01, 2018
    • Citibank Personal Loan
      "Best In Need"
      0.5 5.0/5 "Blown Away!"
      The best part here is that if you are in need , Citi bank understands it and you get you loan approved instantly without any delay. My application was processed on time and even the rate of interest are reasonable here. Over all i am pretty much happy the way things moved here.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 01, 2018
    • Citibank Personal Loan
      "Poor services"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with CITI BANK , my experience is too bad with this bank . I am not satisfied with loan amount also . Customer support is not up to the mark and even the service is too bad with this bank . The processing fee is 7000 and it is too high .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 24, 2018
    • Citibank Personal Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      I am using the personal loan with the CITI BANK from last 1.5 years. The experience is very good and the mode of payment is also good with this bank. There is no partial payment to do pre closer apart from that customer support is good also the rate of interest is nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 24, 2018
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was completely a good experience i had with them with this personal loan where the loan amount which they had provided had been satisfactory. The interest rate with them has been nominal and there has not been any sort of additional charges which had been made by them. Even their customer support had been helpful as well.
      Was this review helpful? 4
      , pune
      Reviewed on Oct 12, 2018
    • Citibank Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      I had taken my personal loan with CITI BANK , they charge nominal rate of interest and tenure period was 4years . The loan amount is satisfactory with this bank . I ask pretty less loan amount but they gave high so i am happy with that . It has been a smooth banking experience with the CITI BANK in all .
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 07, 2018
    • Citibank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      Citibank has also offered me a personal loan and the process to get the loan was smooth and easy. The customer support is good and they were responsive as well. I received the loan on time and the rate of interest and processing charges are normal.
      Was this review helpful? 7
      , bangalore
      Reviewed on Sep 28, 2018
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since the interest rate with them has been very low with them and the process in getting this loan had been smooth and easy. The loan amount had been satisfactory and there has not been any sort of additional charges which they had been making so far. Their customer support also had been responsive and had been helpful at times.
      Was this review helpful? 2
      , new delhi
      Reviewed on Sep 27, 2018
    • Citibank Personal Loan
      "Satisfactory"
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with CITI bank 4 months back. The loan amount was 1,20,000 and the interest rate was very high . The customer service and responses was good. I have faced some difficult and they even detected some amount also. The processing fee was nominal.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Sep 20, 2018
    • Citibank Personal Loan
      "GOOD SERVICE"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with CITI BANK , the tenure period is 1.5year . Customer support and their follow up is good , i can connect them easily . They charge 14% rate of interest with this bank . I did not face nay issue at the time of getting loan and even at time of documentation .
      Was this review helpful? 2
      , gurgaon
      Reviewed on Sep 17, 2018
    • Citibank Personal Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      I got my personal loan through CITI BANK , the tenure period is 2year . The process getting the loan is quick it just take 25 days and it was very smooth i did not face issue with them . The loan amount is 3.5 lakh and it is sufficient to me and processing fee is free with this bank .
      Was this review helpful? 2
      , new delhi
      Reviewed on Sep 16, 2018
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