• Citibank Personal Loan Interest Rates

    Citibank offers personal loans interest rates that ranges between 10.50% to 17.99% p.a. The lender allows individuals to borrow up to Rs.30 lakh. Borrowers can repay the loan amount within a maximum of 60 months. In addition to the interest rate, the lender also charges a nominal booking fee or processing fee of 3% of the sanctioned loan amount.
    Particulars Details
    Interest Rate 10.50% p.a. – 17.99% p.a.
    Processing Fee Up to 3% of the borrowed loan amount
    Loan Tenure Up to 60 months
    Loan Amount Rs.25,000 – Rs.30 lakh
    Employment Status Salaried employees, self-employed applicants (non-professionals), and self-employed applicants (professionals)
    Credit Score Ideal score: Over 700
    Lowest EMI per Lakh Rs.2,174*
    Foreclosure Charges Up to 4% of the outstanding principal plus interest for the ongoing month

    *Note: For the EMI calculation, it is assumed that a loan amount of Rs.1 lakh has been borrowed for a term of 5 years at an interest of 10.99%, with a processing fee of 3%.

    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).

    Factors Affecting Your Citibank Personal Loan Interest Rates

    • Loan tenure: The 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. That said, keep in mind that the overall interest payable will increase if you opt for a long tenure.
    • Relationship with Citibank: If you have borrowed loans from Citibank in the past and have repaid your dues as per the schedule specified by the lender, it is more likely that you will be charged a better rate of interest. Also, if you are a long-standing customer of Citibank, you can negotiate a lower interest rate, provided you fulfil 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.

    Other Fees and Charges

    • Late payment charges: Nil
    • Stamp duty: As per state laws


    For a better understanding of how the interest charged will affect your repayments, let’s take a look at two illustrations.

    Illustration 1: Mr. Ankur is a junior employee at a software firm and earns a monthly salary of Rs.25,000. He is looking to take a loan of Rs.1 lakh from Citibank to pay for his healthcare needs. He will be repaying the borrowed sum to Citibank within a period of 1 year. Citibank charges him an interest rate of 11.5% p.a. and also levies a one-time processing fee of 3% of the loan amount. His repayment details will be as follows:

    Loan Amount Rs.1 lakh
    Processing Fee 3% of the borrowed loan amount
    Loan Tenure 1 year
    Interest Rate 11.5% p.a.
    Month Principal Paid (A) Interest Paid (B) Total Payment (A+B) Outstanding Loan Balance
    1 Rs.7,903 Rs.958 Rs.8,861 Rs.92,097
    2 Rs.7,979 Rs.883 Rs.8862 Rs.84,118
    3 Rs.8,055 Rs.806 Rs.8,861 Rs.76,063
    4 Rs.8,133 Rs.729 Rs.8,862 Rs.67,930
    5 Rs.8,211 Rs.651 Rs.8,862 Rs.59,719
    6 Rs.8,289 Rs.572 Rs.8,861 Rs.51,430
    7 Rs.8,369 Rs.493 Rs.8,862 Rs.43,062
    8 Rs.8,449 Rs.413 Rs.8,862 Rs.34,613
    9 Rs.8,530 Rs.332 Rs.8,862 Rs.26,083
    10 Rs.8,612 Rs.250 Rs.8,862 Rs.17,471
    11 Rs.8,694 Rs.167 Rs.8,861 Rs.8,777
    12 Rs.8,777 Rs.84 Rs.8,861 Rs.0

    Mr. Ankur will, thus, have to pay a monthly EMI of Rs.8,862 over the course of the loan repayment term, which is 1 year. Since he is borrowing only Rs.1 lakh and repaying the borrowed sum within 1 year, he will only have to pay Rs.6,638 as the interest. He will have to pay a processing fee of Rs.3,000. His total repayment will amount to around Rs.1,09,338.

    Illustration 2: Mr. Mohan, an accountant, earns a salary of Rs.50,000 on a monthly basis. He wants to borrow a personal loan of around Rs.2 lakh from Citibank. He chooses a loan repayment term of 2 years. He is charged an interest rate of 13% p.a. and also has to pay a processing fee of 3%. Given below are his loan repayment details:

    Loan Amount Rs.2 lakh
    Processing Fee 3%
    Loan Tenure 2 year
    Interest Rate 13% p.a.
    Month Principal Paid (A) Interest Paid (B) Total Payment (A+B) Outstanding Loan Balance
    1 Rs.7,342 Rs.2,167 Rs.9,509 Rs.1,92,658
    2 Rs.7,421 Rs.2,087 Rs.9,508 Rs.1,85,237
    3 Rs.7,502 Rs.2,007 Rs.9,509 Rs.1,77,735
    4 Rs.7,583 Rs.1,925 Rs.9,508 Rs.1,70,153
    5 Rs.7,665 Rs.1,843 Rs.9,508 Rs.1,62,487
    6 Rs.7,748 Rs.1,760 Rs.9,508 Rs.1,54,739
    7 Rs.7,832 Rs.1,676 Rs.9,508 Rs.1,46,907
    8 Rs.7,917 Rs.1,591 Rs.9,508 Rs.1,38,991
    9 Rs.8,003 Rs.1,506 Rs.9,509 Rs.1,30,988
    10 Rs.8,089 Rs.1,419 Rs.9,508 Rs.1,22,899
    11 Rs.8,177 Rs.1,331 Rs.9,508 Rs.1,14,722
    12 Rs.8,266 Rs.1,243 Rs.9,509 Rs.1,06,456
    13 Rs.8,355 Rs.1,153 Rs.9,508 Rs.98,101
    14 Rs.8,446 Rs.1,063 Rs.9,509 Rs.89,655
    15 Rs.8,537 Rs.971 Rs.9,508 Rs.81,118
    16 Rs.8,630 Rs.879 Rs.9,509 Rs.72,489
    17 Rs.8,723 Rs.785 Rs.9,508 Rs.63,766
    18 Rs.8,818 Rs.691 Rs.9,509 Rs.54,948
    19 Rs.8,913 Rs.595 Rs.9,508 Rs.46,035
    20 Rs.9,010 Rs.499 Rs.9,509 Rs.37,025
    21 Rs.9,107 Rs.401 Rs.9,508 Rs.27,918
    22 Rs.9,206 Rs.302 Rs.9,508 Rs.18,712
    23 Rs.9,306 Rs.203 Rs.9,509 Rs.9,406
    24 Rs.9,406 Rs.102 Rs.9,508 Rs.0

    As per the above-mentioned details, Mr. Mohan will have to pay an EMI of Rs.9,508 every month during the 2-year loan tenure. His total repayment amount will come up to Rs.2,34,201, given that he will need to pay an interest of Rs.28,201 and a processing fee of Rs.6,000.

    A personal loan from Citibank can help you finance unforeseen expenses. Ensure that you do your research, check the interest rate and other charges levied by the lender, and calculate your monthly payable EMI before borrowing a personal loan.


    1. How soon after submitting my personal loan application will I receive the funds?
    2. You will receive the funds within 48 hours of your loan application getting approved.

    3. How will I receive the sanctioned loan amount?
    4. The loan amount will be transferred to your savings bank account.

    5. Can I make pre-payments during the loan tenure?
    6. Yes, Citibank allows customers to prepay their personal loan.

    7. I have a credit score of 500. Can I apply to Citibank for a personal loan?
    8. It is best to have a credit score of over 700 if you wish to be offered a personal loan at a reasonable rate of interest. If you have a credit score of 500, the lender may reject your personal loan application or charge you a high rate of interest for the loan.

    9. Am I required to pay the processing fee/loan booking fee at the time of applying for a personal loan?
    10. No, the loan booking fee will be deducted from the loan amount before it is disbursed to your account.


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