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% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free 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 2024 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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.
     Loading your search... Loading your search...
  • Citibank Personal Loan Interest Rates Reviews

    • Citibank Personal Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      Only the disbursement amount got late, remaining everything is fine. After getting the welcome letter, CITI bank has taken some time to release the amount. My principal amount is quite good and they taken some processing fee and interest rate. Intimation prompt was good with CITI Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Below Average service"
      0.5 2.0/5 "Expected more"
      The Citibank executives called me all the time and they told that they can approve the loan but they never approved it and they haven't even revealed the reason as well. The response need to be improved with Citibank ,They way they give response need to be changed. I got below average service from Citibank.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      Every thing is perfect in CITI Bank, because I am existing of the bank for past three years. I have applied for top up through online channel, then I have withdraw it because I don't have any requirements and my old was live with the same bank. Other than that I don't have any issue with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Below Average service"
      0.5 3.0/5 "Satisfactory"
      The loan which I have applied with Citibank was offering the high Interest rate because I work with Heath care IT industry. They are charging too much because of my work place, so that was the reason I haven't proceed with CITIBANK personal loan . The processing fee also high when compared with others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Hassle free process"
      0.5 5.0/5 "Blown Away!"
      CITI Bank helped me a lot, initially I contacted the bank directly to avail personal loan but they rejected it. Again I approached the bank through online channel then CITI bank have approved the loan. Processing fee was low but interest was bit high, but I am very happy with service and loan disbursement.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Pretty simple and hassle free process"
      0.5 4.0/5 "Great!"
      Response is pretty quick also their executives came to my place to collect the documents. I got around 2 calls also I got the confirmation stating that the amount was disbursed. I am yet to receive the confirmation on the EMI date. However I had received the welcome kit from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      I liked the process at Citibank and the customer services was good. The process was smooth and I got the personal loan through within 15 days. The rate of interest was around 13%, it was a bit high as my company was not a listed company. The processing charges was high too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      I have arranged the required amount from other source, so that was the reason I haven't proceed with Citibank personal loan application. The rate of interest is quite high when compared with other bank. I would say I got good service from Citibank other than their interest rate.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Excellent process"
      0.5 5.0/5 "Blown Away!"
      It was a excellent process at Citibank for the personal loan. It was on time and I received the loan as per my requirement. The interest rate and processing charges was normal and the after loan services has also been up to the mark. I have no hassle in all.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Citibank has told that my area pin code is considered under negative area to approve the loan, So that was the reason I can't proceed with the Citibank personal loan. The customer service with Citibank was average . The rate of interest is nominal with Citibank. I would say I got the Average service from Citibank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Citibank has been more quick in the process of a personal loan they have offered around 11% rate of interest approximately . I hold my savings account with them for long time and the customer services are excellent. The details they provide is standard and there are no issues with that. The interest rate and charges are very much normal too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Seamless service was offered by CITI Bank. Everything was done on line it was more convenient. I had placed a request for the Personal loan through online, post which I just received a call from them. I did not submit any documents because I was holding an account with them it was a pretty old account. Even closure request can be initiated online time scales taken were very less, rate of interest offered by them is comparatively high.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      " Interest rate should be competitive"
      0.5 5.0/5 "Blown Away!"
      I got a preapproved loan from CITI, within four to five hours loan amount got disbursed. Their response is also very good. Interest rate was also common, they offered me around 12.5% per annum. But in ready credit account, when ever I need money, I could withdraw it from current account and make the payment when I have funds hence interest will be calculated on number of days.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      It was good and smooth and a quick process at Citibank. I got the personal loan in seven working days. The documents were collected in one shot and the disbursement was also on time and as needed. The interest rate was around 11.49% and the processing charges were very much average too.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I am very much happy about CITI bank service, they gave me prompt response on loan. But they have taken some additional charges of Rs.1000 excluding processing fee and documentation charges. Other than that CITI bank have fulfilled my requirement. I have requested CITI bank to my EMI date after 5th of every month, but they gave on it on 1st of every month, that should be changed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have arranged the required amount with other source, so that was the reason I have not processed with CITIBANK personal loan. Other than Citibank gave good service and better response in regards to my personal loan application. The follow up is also very good with Citibank. The rate of interest can decreased in future.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      There was no loan requirement so that was the reason I have asked Citibank executives to close the personal loan application. The rate of interest they were about to offer the loan was high. The response which was given by Citibank was good. The service which was given by Citibank was average.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 16, 2017
    • Citibank Personal Loan
      "Good can do better"
      0.5 4.0/5 "Great!"
      Citibank has disbursed my personal loan within a week time. The response part with Citibank was good. The required loan amount was not disbursed. I have asked for 9lakhs and they have approved only 8lakhs . The rate of interest is high when compared with HDFC bank. The processing fee was also high with CITIBANK.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • Citibank Personal Loan
      "Unhappy with the services"
      0.5 2.0/5 "Expected more"
      I was very disappointed with Citibank when I approached them for a personal loan. Though I am an existing customer for many years, and all my payments goes through smoothly. The bank could not acknowledge my details and give me a response sooner. They delayed to do so.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 16, 2017
    • Citibank Personal Loan
      "Nice Experience "
      0.5 5.0/5 "Blown Away!"
      Everything was awesome at Citibank for the personal loan and it was a on time process. I got the loan within a week including the holidays as well. The rate of interest and processing charges was on the higher side. I do not blame the bank for the high rate. It is because of my company not being listed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.