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
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
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    Citibank Personal Loan Interest Rates is Rated as "Great!" by 1937 Users

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    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.
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    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.
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  • Citibank Personal Loan Interest Rates Reviews

    • Citibank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I got the personal loan within 55 hours of time from Citibank. They have disbursed the loan after submitting my documents. The customer service and the response with CITIBANK is average. The required loan amount has been disbursed. The rate of interest is low when compared with others. I am satisfied with the Citibank service.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 25, 2017
    • Citibank Personal Loan
      "Rate of interest can be decreased in future"
      0.5 4.5/5 "Excellent!"
      I didn't have any kind of relationship with Citibank so far but I have applied personal loan with Citibank for the first time and I found that they were offering the loan with high rate of interest, so that was the reason I haven't got the loan with CITIBANK. The customer service and the response was good with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 25, 2017
    • Citibank Personal Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      The personal loan process followed by CITI Bank was really good. The response was very much quick and I was given the necessary details. I did not take the loan as I got to arrange the funds within my friends circle. The interest rate and processing charges was very much normal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "High on ROI"
      0.5 5.0/5 "Blown Away!"
      I did not take the personal loan from Citibank, because the bank was high on the rate of interest when compared to other banks. The interest rate was around 15%. The customer services and response was good and on time. They are not recommendable for this interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Due to my personal reasons, I did not go ahead for the personal loan at Citibank. The services and response is good. They contacted me on time and informed me the details. I do not want to rate them on the interest rate and charges as I did not take the loan from them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "Overall a good experience"
      0.5 5.0/5 "Blown Away!"
      I could not go ahead with Citibank for the personal loan because they contacted me only once and after which there was no follow up. I would still give them five stars because they are overall good, I am an existing customer. The interest rate and charges were very much normal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • Citibank Personal Loan
      "Personal Loan process from citibank, as it is highly charged"
      0.5 1.0/5 "Really Bad"
      I hate taking loan from Citibank, also I will try to drop all my transactions that I make with citibank. Please avoid citibank banking. They will highly charge you when you are in need. I have been using citibank since 5 years once I need a loan and went for credit card loan they charged me 6 % more from outside market. i don't have options at that time so I was forced to take it. I closed the loan in 3 months due to high interest rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 22, 2017
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Citibank contacted me only once and collected my details. After which I got no calls from them for the personal loan. It was a complete average experience. So I went ahead with another bank for the loan. Not sure on the rate of interest and processing charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2017
    • Citibank Personal Loan
      "Not professional"
      0.5 1.0/5 "Really Bad"
      As a matter of fact, Citibank collected all my documents and after which they did not process my personal loan request and did not get back to me as well. It was not a very good experience as they were not very much professional. Not too sure on the interest rate and processing charges too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Citibank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I haven't proceed with Citibank personal loan, because of their interest rate and I got the best interest rate with SBI. The customer service and the response is good with Citibank. The rate of interest need to be reduced with Citibank. I would say CITI bank gave average service.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
    • Citibank Personal Loan
      "Good but needs improvement"
      0.5 5.0/5 "Blown Away!"
      I haven't got the loan from Citibank, because of the procedural delay, so that was the reason I haven't choose Citibank. The customer service sand the response need to be quick with Citbank, The rates are best with Citi as per the market. The rate of interest is low when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
    • Citibank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have informed the Citibank executive that I need 10.5 % interest rate but they were not ready to offer the loan with the low rate of interest, so that was the reason I haven't got the personal loan with Citibank . The customer service and the response is really good with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2017
    • Citibank Personal Loan
      "Need to be customer centric"
      0.5 3.0/5 "Satisfactory"
      I have approached Citibank for my personal loan but there interest rate is too high when compared with others and they don't have 5years of tenure for the loan. The tenure time is very low so that was the reason I haven't got the personal loan with CITIBANK. The response was good with Citibank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 18, 2017
    • Citibank Personal Loan
      "Its Average"
      0.5 1.0/5 "Really Bad"
      I got en number of calls from CITI Bank, many executives contacted me and asked about the same information but none gave me correct information about the loan. They were not clear in their process, finally I got a mail from them stating my loan application has been closed.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2017
    • Citibank Personal Loan
      "Looking out for the better service"
      0.5 1.0/5 "Really Bad"
      CITI haven't responded at all for four to five days on loan request, due to emergency I went for the personal loan. But they didn't give any response . That is the disappointed part, then I got the loan from other financial institute. Being world class bank I didn't expect this from CITI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      My personal loan is under progress with Citi bank. Actually I approached Indusind bank for the loan, but Indusind did not process my application because they said that my company is not a listed one. But Citi bank accepted my application and they are doing really well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      When I applied for the personal loan, customer executive from CITI bank did not call me on time I am not happy with their service, because they are not transparent in loan process the loan amount I had applied for 3.5 lakhs. I am not sure when they had called me, over all from my perspective it was not okay.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "High Interest Rate"
      0.5 1.0/5 "Really Bad"
      Citi bank quoted a very high interest rate for the personal loan. I asked the bank to reduce the rate of interest but the bank was not ready and did not convince to reduce the interest rate. Hence I did not take the loan and I had cancelled the application. Response was good at the time when I applied for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "High Interest Rate"
      0.5 5.0/5 "Blown Away!"
      Citi bank provided a good response for the personal loan but the interest rate is bit higher than the other banks in the market. Hence I cancelled my personal loan application. Other than interest rate, I had no issues with the bank for the loan process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      I am planning to take personal loan from CITI bank next month, I am very much satisfied with them. I got a call from bank, I informed their executive to get back next month. CITI bank offered me 11.99% of interest and also they ready to approve the amount 4.5 lakhs. To conclude, I am very much happy with their service.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 12, 2017
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