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  • Citibank Personal Loan

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  • Citibank offers personal loans between Rs.25,000 and Rs.30 lakh at interest rates starting from just 10.99%. The maximum repayment tenure of the loan can extend up to 60 months, and the processing fee charged can be up to 3% of the loan amount.
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    We found 1 CitiBank Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 18.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews

    Citibank Personal Loan Fees and Charges 

    Loan Amount  Minimum: Rs.25,000  Maximum: Rs.30 lakh 
    Tenure  6 months to 60 months 
    Interest Rate  10.99% to 18.99% 
    Processing Fees  0.50% - 3.00%
     

    Citibank Interest Rates for Salaried Individuals  

    Income  Loan Amount  Interest Rate  Processing Fee
    Less than Rs.60,000 per month (net take home salary)  Less than Rs.5 lakh  13.50% to 14.50%  0.99% to 2% 
    Rs.5 lakh to Rs.10 lakh  12.75% to 13.75%  0.99% to 2% 
    Rs.10 lakh and above  11.75% to 12.75%  0.25% to 0.50% 
    Rs.60,000 to Rs.1 lakh per month (net take home salary)  Less than Rs.5 lakh  13.25% to 14.25%  0.99% to 2% 
    Rs.5 lakh to Rs.10 lakh  12% to 13%  0.99% to 2% 
    Rs.10 lakh and above  11.24% to 12.24%  0.25% to 0.50% 
    Rs.1 lakh and above per month (net take home salary)  Less than Rs.10 lakh  11.24% to 12.24%  0.99% to 2% 
    Rs.10 lakh and above  10.99% to 11.99%  0.25% to 0.50% 
     

    For Self-Employed Individuals (Professionals) 

    Income (Gross annual take home salary)  Interest Rate  Processing Fee 
    Less than Rs.10 lakh  17% to 17.99%  2% to 3% 
    Rs.10 lakh and above  16% to 16.99%  2% to 3% 
     

    For Self-Employed Individuals (Non-professionals) 

    Income (Gross annual take home salary)  Interest Rate  Processing Fee
    Less than Rs.10 lakh  17.99% to 18.99%  2% to 3% 
    Rs.10 lakh and above  17.49% to 18.49%  2% to 3% 
     

    Why Choose Citibank Personal Loan? 

    Citibank personal loans can be the best options for a variety of reasons. Here are some of the key features and benefits of Citibank personal loans: 

    • Loan amounts up to Rs.30 lakh 
    • Quick disbursal in just 48 hours 
    • Availability of part pre-payment facility  
    • Attractive interest rates starting from just 10.99% p.a. 
    • Minimal documentation for existing Citibank customers 
    • Flexible repayment options ranging from six months to 60 months 
     

    Citibank Personal Loan Eligibility Criteria 

    The following are the eligibility criteria for Citibank personal loans: 

    Age  23 years to 60 years for salaried individuals, and 25 years to 65 years for self-employed professionals 
    Employment Type  Salaried or self-employed 
    Net Salary  Rs.25,000 per month for salaried applicants, and Rs.5 lakh in gross annual receipts for self-employed professionals 

    Documents Required for Citibank Personal Loan 

    Here are the documents you will have to submit when applying for a personal loan from Citibank:  

    Criteria  Salaried Individuals  Self-employed Individuals 
    ID Proof 
    • PAN Card 
    • Aadhaar Card 
    • Driving License 
    • Voter’s ID  
    • Passport 
    • Photographs 
    • PAN Card 
    • Trade License with photograph  
    • Driving License 
    • Voter’s ID  
    • Passport 
    • Photographs 
    Address Proof 
    • Driving License 
    • Voter’s ID  
    • Aadhaar Card 
    • Passport 
    • Utility bills from the past 3 months 
    • Ration card 
    • Rent agreement or lease deed or property registration document 
    • Bank account statement for the past 3 months 
    • Latest income tax returns 
    • Driving License 
    • Voter’s ID  
    • Aadhaar Card 
    • Passport 
    • Utility bills from the past 3 months 
    • Ration card 
    • Rent agreement or lease deed or property registration document 
    • Bank account statement for the past 3 months 
    • Latest income tax returns 
    Age Proof 
    • Birth Certificate 
    • Passport 
    • School or College Leaving Certificate  
    • PAN Card 
    • Voter’s ID 
    • Company ID 
    • Birth Certificate 
    • Passport 
    • School or College Leaving Certificate  
    • PAN Card 
    • Voter’s ID 
    Employment/Business Proof 
    • Letter from employer 
    • Form 16/pay slips 
    • Rent receipts or lease deed 
    • Utility bills 
    • Bank statement for the past 3 years 
    • Ownership document 
    Income Proof 
    • Latest salary slips 
    • Bank statement for the past 3 months 
    • Latest Form 16 
    • Profit and Loss account 
    • Income tax returns for the past 2 years 
    • Balance sheet 
    • Bank statement for the past 6 months 
    • Audit report 
     

    Citibank Personal Loan Penalties and Charges 

    Late Payment Charges  Nil 
    Preclosure Charges  Up to 4% of the overall outstanding amount 
    Stamp Duty  Depending on prevalent state laws 
     

    Citibank Personal Loan FAQ 

    What are the reasons for which I can take a Citibank personal loan? 

    Citibank offers personal loans for a variety of reasons such as home renovation, meeting wedding expenses, debt consolidation, travel, etc. However, the regulations set forth by the Reserve Bank of India state that you cannot use the funds for any speculative, unlawful, or antisocial purposes.  

    How long does it take for my Citibank personal loan application to be approved?  

    Citibank usually takes a few hours to process your loan application and decide whether it is approved or rejected. However, there could be situations where the bank may require more information before the application is processed and that may take a couple of working days. 

    When will the EMI payments for my Citibank personal loan start? 

    In case you apply for a Citibank personal loan in March 2019, the first EMI will have to be paid on 1st May, 2019. The commencement of EMI payments starts during the second succeeding month from the month in which the loan was taken.  

    Who can take a Citibank personal loan? 

    Citibank offers personal loans to salaried employees, business owners, and self-employed professionals. Customers of Citibank with a Branch, Suvidha, or a Mortgage relationship also qualify for a Citibank personal loan. 

    How do I pre-pay my Citibank personal loan? 

    Customers have two options when it comes to pre-paying their Citibank personal loans – Partial pre-payment and Full pre-payment. When you go in for a full pre-payment, the entire outstanding amount will have to be repaid in one shot. Partial pre-payment, on the other hand, will mean that you will be partially repaying some of the outstanding amount. Call the bank’s 24x7 helpline in order to make partial or full pre-payment.  

    Does the bank levy any late payment charges? 

    The due date to pay your EMIs towards your Citibank personal loan is the 7th day of each month. However, Citibank does not levy any late payment charges.  

    Are there any eligibility criteria for partial pre-payment? 

    In order for you to be eligible for partial pre-payment, you will have to have paid your EMIs for a minimum of 12 months, and your pre-payment amount must be equivalent to at least two EMIs and a maximum of five EMIs.  

        

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    CitiBank Personal Loan Reviews

    • Citibank Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have applied for Citi Bank personal loan through Online.I have not availed this loan since there was no requirement .The rate of interest and the processing fee was very high .While submitting the documents there was no difficulties ,I have got all the required details about the loan process through the agent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2019
    • Citibank
      Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I received a call from CITI bank on the same day once I applied for a personal loan through an online. The loan amount was sufficient for the tenure period of 2 years. The rate of interest was nominal. Since I got a loan from other source I have not process for further.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 13, 2019
    • Citibank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for Citi Bank personal loan through Online .I have not taken this loan since the rate of interest was very high .I have not submitted any of my documents .There was proper callback and follow up from bank end as well .The rate of interest ans the premium is not a fixed one that was the difficulty.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 12, 2019
    • Citibank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for Citi Bank personal through Online .The rate of interest and the processing fee was very high.I have not taken this loan due to high rate of interest ,I have not submitted any of my documents .There was callback and follow up from bank end .I am really satisfied with the service so far .
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 12, 2019
    • Citibank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      The interest rate could be lesser but according to me, it was okay and I have compared with other banks also. I think, Citi Bank has charged me a processing fee of 2500rupees. I have applied for 5L and they have sanctioned the same amount. The documentation process was very good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 11, 2019
    • Citibank Personal Loan
      "Average Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Citi Bank personal loan through Online .I have got frequent callback for diferent agents for verification and also when i am travelling got calls that was the difficulty faced when applied for this loan .I have got this loan on time without any delay ,Got all the details about the loan process very clearly.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 11, 2019
    • Citibank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have applied for Citi Bank personal loan through Online .I have got the loan n delay basis it took 2 to 3 days time .I have got all the information about the loan process very clearly .There was proper follow up and response from bank end as well .I am really satisfied with this loan process so far .
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 11, 2019
    • Citibank Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have availed personal loan through Citi Bank .I have got all the required detail about the loan process,I have got the loan amount on time ,There was proper follow up and callback from bank end as well.Everything was pretty good while submitting the documents .I am really satisfied with the service so far .
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 11, 2019
    • Citibank Personal Loan
      "Good Loan Service"
      0.5 4.0/5 "Great!"
      Taken my personal loan from CITI bank because that time i was having a salary account from CITI bank. The given interest rates are quite good and the processing fee was nominal. I have pre-closed the loan for that they haven't charged me any additional charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 11, 2019
    • Citibank Personal Loan
      "Good Loan"
      0.5 4.0/5 "Great!"
      For the renovation purpose i bought the loan with CITI bank because the interest rate is very low. They provided me a interest rate of 12.85%. I purchased the loan amount of Rs. 2.5 lakhs. They had some charges for the processing fee.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 11, 2019
    • Citibank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I applied personal loan from Citi bank. I had to cancel it because their rate of interest was very high. Processing fee was reasonable.I am not happy with their services as well, their response was very bad. Also, I had to submit my documents online.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 11, 2019
    • Citibank Personal Loan
      "Good but timeline to be improved"
      0.5 4.0/5 "Great!"
      When I applied for the personal loan in Citi Bank through online channle, the response was good but they took 2 weeks to process for documents. Then after the documentation again they took 2 weeks for the disbursement which was lengthy. One more thing, they don't required printout and were excepting only clear scan copy or xerox. The interest rate was informed 11.49% but when processing it was 12%.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 10, 2019
    • Citibank Personal Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      I have applied for Citi Bank personal loan through Online .The rate of interest and the processing fee was nominal ,I have got all the required details about the loan process very clearly through the agent.There was proper callback and follow up from bank end.I am comfortable with the Overall service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 09, 2019
    • Citibank Personal Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I had applied personal loan from Citi Bank. They disbursed sufficient loan amount and I received it on time. Their rate of interest is very high in comparison to other banks. I had to submit my documents online as well as hard copy. Verification was done on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 09, 2019
    • Citibank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I applied personal loan from Citi Bank. They had disbursed the loan on time. Loan amount is also enough for me. I am ok with the rate of interest but it could be lower. I had to submit my documents online as well offline. Verification was hassle free.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 08, 2019
    • Citibank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I applied personal loan from Citi Bank. I received the loan on time but I am not happy with the loan amount. I applied for 4 lakhs but I did not receive full amount. Their rate of interest is ok. I had submitted my documents online as well as offline.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 08, 2019
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had applied personal loan from Citi Bank online. Citi Bank's field executive all my documents and did the verification. The entire process was very smooth and hassle free. Their rate of interest is nominal and customer service was very good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 08, 2019
    • Citibank Personal Loan
      "Decent Loan service"
      0.5 4.0/5 "Great!"
      Due to the low interest rates i have chosen the personal loan from CITI bank and i had applied the loan amount of Rs. 3 lakhs. I have selected the tenure period of 18 months. There is a lockin period of 1 year until 1 year, i cannot go for partial payment or pre-closure. They have sanctioned the loan as per their promised time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 08, 2019
    • Citibank Personal Loan
      "Quick Services"
      0.5 5.0/5 "Blown Away!"
      CITI bank provided me a good interest rate and they have sanctioned the loan within 7 days. I got the interest percentage of 11% approximately. Documentation process was smooth. I have chosen the tenure period of 3 months. The EMI is being auto deducted from my account.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 08, 2019
    • Citibank Personal Loan
      "Good Loan service"
      0.5 3.0/5 "Satisfactory"
      Since its an a international bank so i have selected the personal loan from them. I have not got the amount because the rate of interest is on a higher side. They have offered me a interest rate of 12.5% which is not comfortable for me because i was looking for 10.7% . CITI bank service was prompt.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 05, 2019
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