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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    Interest Rate Range
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    10.99% - 17.99%
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    Citibank Personal Loan Interest Rates is Rated as "Great!" by 2776 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
      "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? 0
      , 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? 1
      , 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? 1
      , new delhi
      Reviewed on Sep 16, 2018
    • Citibank Personal Loan
      "Process is nice"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Citibank and the process to get the loan is good and smooth. The customer services and response is good and the documentation process is satisfactory too. The after loan services are good and the interest rate and charges is fine too.
      Was this review helpful? 1
      , greater noida
      Reviewed on Sep 14, 2018
    • Citibank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI BANK , the rate of interest is 11.2% it is nominal in the market and the loan amount is sufficient to me . There is processing fee is but it will be waive off. The tenure period is 1year ,but there is no preclosere option . The loan amount is Little delayed .
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 14, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      My personal loan application was approved with CITI bank and the experience was very good, the loan amount was for Rs 12 lacs for 1 year with nominal interest rate. The process took more than 20 days to complete and the customer service was good with CITI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 12, 2018
    • Citibank Personal Loan
      "EXCELLENT"
      0.5 4.0/5 "Great!"
      I have taken personal loan through CITI BANK , the tenure period is 16month . I did no face any issue while getting the loan , i receive my loan amount on time , there is no processing fee with this bank and rate of interest is 11.5% and it is nominal in the market. Customer support is up to the mark .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 12, 2018
    • Citibank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      My personal loan amount was taken with CITI BANK , the customer support is excellent with this bank , i can connect them easily with them . The tenure period is 4year and loan amount is up to the mark . They provide interest rate with 11.75% initially the said 11.05% so i am not happy with interest rate .
      Was this review helpful? 0
      , pune
      Reviewed on Sep 12, 2018
    • Citibank Personal Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      My personal loan is with Citibank and the experience is good and there are no hassles in the process. The loan was processed on time as well. The rate of interest is around 12% and the processing charges was zero. The overall customer services and response is good.
      Was this review helpful? 2
      , pune
      Reviewed on Sep 10, 2018
    • Citibank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from CITI bank and my experience was good, the loan amount was for Rs 2.34 lacs with nominal interest rate when compared to other banks. The process was smooth and i received my loan amount on time. Customer service was good and they responded on time. The tenure period for this loan is 4 years.
      Was this review helpful? 1
      , new delhi
      Reviewed on Sep 05, 2018
    • Citibank Personal Loan
      "Hassle free"
      0.5 4.0/5 "Great!"
      I have also taken a personal loan from Citibank. The customer services and response is good. There was a slight delay in the process, but it is manageable. The loan was provide as per my requirement. In all a good experience, it could have been more sooner.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 04, 2018
    • Citibank Personal Loan
      "Average Service"
      0.5 2.5/5 "Just OK"
      I've taken a personal loan from CITI bank. The experience was not that great, I had to follow up a lot. The interest rate is fine. The whole process was irritating. I got the loan amount with in 20 days.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 31, 2018
    • Citibank Personal Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      My loan amount was taken with CITI BANK , the services is not so satisfactory because even though i have salary account with citi bank they as me so much of documents at the time of providing loan , so it took so long time . My loan amount is satisfactory and rate of interest is 11.24% . There have charged processing fee but it will be waive off .
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 30, 2018
    • Citibank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with CITI bank for personal loan, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Customer service was good and they responded on time. The tenure period was 4 years and they charge 3% for preclosure charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 30, 2018
    • Citibank Personal Loan
      "Fast and easy service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from CITI BANK , the services and the process was excellent with this bank and i did not face nay issues at the time of documentation . Rate of interest is nominal in the market and tenure period is 5year . There is option of preclosere .
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 30, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with CITI bank and my experience was good, the loan amount was for Rs 5 lacs with nominal interest rate when compared to other banks. Customer service was good and they responded on time. Tenure period is 4 years and they charge 4% of principal amount for preclosure.
      Was this review helpful? 1
      , kolkata
      Reviewed on Aug 28, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my application for personal loan approved with CITI bank, the process was smooth and i received my loan amount on time. The loan amount was for Rs 3.5 lacs for 4 years with nominal interest rate in the market. Customer service was good and they responded on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 27, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience for personal loan with CITI bank was good, the loan amount was for Rs 1.3 lakhs with the tenure period of 1 year. The process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The rate of interest was nominal when compared to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 27, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with CITI bank.The loan process was very good and satisfactory . I have taken 10 lakhs and the interest rate was also average . The tenure period was 5 years. There is no processing fee at all and there is no issues faced with the process .
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 27, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have take my personal loan with CITI bank. I had a good process and there is no delay at all. The customer service and responses was very good. The loan amount was 5 lakhs and the interest rate was satisfactory . The EMI period was 2 years . The pre closure is allowed after 1 year and the processing fee was also very much nominal.
      Was this review helpful? 1
      , new delhi
      Reviewed on Aug 27, 2018
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