Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 1 Citibank Personal Loan Interest Rates
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    Citibank Personal Loan Interest Rates is Rated as "Great!" by 2599 Users
    Personal Loan BYTES FROM OUR KITCHEN

    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 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.
    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 service"
      0.5 5.0/5 "Blown Away!"
      The customer support service is good with thew Citibank and they have disbursed the loan amount with in 5 days of time. The rate of interest and the charges are nominal with citibank when compared with others. The requested loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • Citibank Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I do have the personal loan with the CITI bank and the rate of interest is around 11% and their customer service is good as well. The loan amount got disbursed within three to four days of time. Responsiveness and other things are really good one with the CITI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The loan process was done within a week time from Citibank. The required loan amount has been disbursed and I am satisfied with it., The customer support service is average with the citibank. The rate of interest is high with the Citibank when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan within a 2 days of time. The customer support was prompt with the Citibank. Their executives came to my place to collect the documents. The required loan amount has been given and I am satisfied with it. The rate of interest and the charges are low when compared with others.
      Was this review helpful? 0
      , noida
      Reviewed on Jan 18, 2018
    • Citibank Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      The Citibank personal loan team was quite professional , they helped me to get the loan as soon as possible , they were prompt in providing response and they were updating about the status of the product ., the required loan amount has been issued on it and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It was easy process to get a loan with citibank via a channel partner. I got the loan amount within 15 to 20days of time. There was few miscommunication happened from my end so that was the reason for the delay. The rate of interest and the charges are average when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 16, 2018
    • Citibank Personal Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with CITI bank,they have given a loan amount of 10 lakhs ,rate of interest is nominal as compared to others .The tenure is 5 years.I had submitted documents as well agent has come home and collected documents.Net banking is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 16, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My Personal loan application was approved with CITI bank and it was a better loan experience. The loan amount is for Rs 6.5 lakhs with the rate of interest of 12.49% which is nominal when compared to other banks. The process was smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. The processing fees was 2% which is quite high and the tenure of this loan is 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 15, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My Personal loan application was approved with CITI bank and it was a better loan experience. The loan amount is for Rs 6.5 lakhs with the rate of interest of 12.49% which is nominal when compared to other banks. The process was smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. The processing fees was 2% which is quite high and the tenure of this loan is 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 15, 2018
    • Citibank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved by CITI bank and the experience was good. The process was quick and i received my loan amount within 1 week. Customer service with CITI bank was very good, they provided door step service to collect the documents and their response was on time. They charged very less processing fees, the loan amount was for Rs 5 lakhs with the rate of interest of 12.49% which is nominal rate. The tenure of this loan is 5 years and it was overall a good service from CITI bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 15, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Citi Bank through online channel. They offered a good interest rate. I got 3.2L as a personal loan and it was taken for a duration of 4 years. The customer service and response was good. I am paying monthly 8,600 rupees through ECS.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jan 12, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with CITI bank . The Interest rate was 12.75% which was low than other banks In the market. The customer service and responses was up to the mark. The tenure period was 1 year and the loan process was very good. The processing fee was nominal here. My overall experience was excellent.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 12, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The services are very faster with Citi Bank. The rate of interest was 12.99% which was nominal compared to other banks. They charged processing fee as well. The executive came to the office and collected my documents. There is a locking period for one year after than I can do the fore closure with some charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • Citibank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with CITI bank was good, the loan amount was for Rs 2 lakhs with the nominal rate of interest when compared to all other banks. This was a preapproved loan so i got my loan amount within 24 hours. Customer service was good and they responded on time. The tenure of this loan is 2 years and it was a good service overall from CITI bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 10, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from CITI bank and it was a very good loan experience. The loan amount was for Rs 5 lakhs with the rate of interest of 12.25% which is nominal rate. The process was very quick and i received my loan amount within 30 minutes as this was a preapproved loan. Customer service was good and they followed up correctly. The processing fee was nominal and the tenure of this loan is 5 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 10, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with CITI bank. The loan amount was 1.5 lakhs and the Interest rate was 10.99% which is average In the market.The tenure period was 1 year and the loan process was very good. They have provided door step service for collecting document and the loan approved on time. My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 09, 2018
    • Citibank Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      11.99% is the rate of interest with the CITI bank for the personal loan, which I have got. Customer service is good one for me and I am really satisfied with their interest rate. Processing charges are also fine one for me with the CITI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 09, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have closed the personal loan with the CITI bank and the interest rate was good one with them. I would like to say that the response is good one for me with them. There are no issues with them till now and the processing charges are good too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 09, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan with CITI bank and this was taken before 1.5 years back. The loan amount was 7 lakhs and the Interest rate was 11.6% which was a bit higher than other banks in the market. The tenure period was 2021. The loan process was hassle free and good. They have sanctioned the loan within the committed time. My experience was good and this bank is very much recommendable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 08, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The documents part was very easy process they collected from my door step also the staffs of citi personal loan department was good and friendly in approach. The interest rate they offered me was also fine and the loan service has been closed long before it was a good experience with citi personal loan department.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 18, 2017
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.