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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 10.50%. 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
    PA PL OTP
    10.50% - 17.99% 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  10.50% to 17.99% 
    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  10.50% 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 10.50% 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 2020, the first EMI will have to be paid on 1st May, 2020. 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.  

    How to check CitiBank personal loan status?

    To know the status of your Citibank personal personal loan application, you can go directly to the bank branch and meet the officer-in-charge. Apart from that, you can call on 1860 210 2484 to learn about the status.

    How to contact CitiBank personal loan customer care?

    You can contact the customer care executives of Citibank by calling on 1860 210 2484. In case, you are calling from outside India, you can dial 022 – 4955 2484. In addition to this, you can also write to the head of customer care for any unresolved query or concern.

        

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    CitiBank Personal Loan Reviews

    • Citibank Personal Loan
      "Interest rate was high"
      0.5 3.5/5 "Pretty good"
      I was taken a personal loan from CITI bank that to 3 years back, now i completed that loan. The rate of interest was high 15.25% and i had taken a loan amount Rs. 5L with the tenure of 4 years. After 1 year i foreclosed and i paid 2% from outstanding.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jan 21, 2020
    • Citibank
      Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      CITI bank has processed the loan very fast. I'm not satisfied with the interest rate. I applied the loan amount of Rs. 5 lakhs and they have sanctioned the loan amount of Rs. 4.92 because they charged me a Rs. 8000 for processing fee. They do have a part payment and pre- closure facility with some additional charges.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2020
    • Citibank Personal Loan
      "Less interest rate in this bank"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from CITI Bank, the loan amount was Rs. 1L and the rate of interest of 10.5% which is nominal. I have taken the tenure of 1 year and EMI amount is Rs.8,900. The documentation was simple, executive has collected the documents and the loan process was slow, it took minimum of 2 weeks to complete. I was expected for diwali but i received after festival only.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 20, 2020
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied CITI BANK personal loan through online. They took more time for documentation process, so it took 10 working days for the loan amount to get disbursed. I had a good experience and opted for 1 lakh with interest rate of 10.5% which is normal.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 19, 2020
    • Citibank Personal Loan
      "Need to provide less of locking period and EMI date on time"
      0.5 4.5/5 "Excellent!"
      I had applied a personal loan on 3 months back from CITI bank through online. The process was delay, because once the executive has collected the documents and took 2 weeks to sanctioned the loan. Tenure period of 4 years. Interest of 11.99% and fee of 5K. After one year pre closure is avail with 3% charges. EMI use to pay of 16,008 rupees and I get remainder mail on time from their end. They use to detect EMI amount 1st of the month which I would suggest to change on 1st week of month.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2020
    • Citibank Personal Loan
      "Need to be process at earlier"
      0.5 3.0/5 "Satisfactory"
      I have applied a personal loan with CITI bank through online. The process was rigorous and lengthy. They have not inform in prior to provide required documents. But their service is good. They have sanctioned the loan within 5 days. I use to get remainder message on time for EMI amount to pay of 12K. Preclosure option is avail but after one year.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 18, 2020
    • Citibank Personal Loan
      "Very Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      I have got the least interest rate from CITI bank while I'm comparing with other bank and the service will be best part apart from others so that i took the personal loan. They have provided me a interest rate of 13.99% and processing fee was a nominal one. Its taking long time between the loan applied time and the documents collection hence the process was little long. Executive was polite when they collected my documents.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 18, 2020
    • Citibank Personal Loan
      "We can count on their words"
      0.5 5.0/5 "Blown Away!"
      I have a salary account in CITI bank and those guys are quick in providing the loan and all the process done through online. Once i have given the hard copy in the morning and i have received the call in the evening by saying that my money got disbursed. I'm satisfied with the interest rate of 10.75%. Due to quick process, i have selected the CITI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2020
    • Citibank Personal Loan
      "Need to decrease the rate of interest"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with CITI bank through an online. The loan amount was Rs. 1.50L. All the details were provided in prior. The amount was sanctioned within 1 week . So far I have not faced any issue. The tenure period of 4 years. Rate of interest was 12.99% but no processing fee. EMI use to pay of 12,000 rupees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2020
    • Citibank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      CITI Bank has provided good loan amount of 3L with tenure period of 3 years. I have received a call on time. The rate of interest and processing fee are nominal. They have sanctioned a loan within a week. They keep on calling and remanding to maintain amount for an EMI to pay on monthly basis for the amount of 10K. There is an option of pre closure is applicable after completing one year with 2% charges.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 13, 2020
    • Citibank Personal Loan
      "Need to be process at earlier"
      0.5 2.0/5 "Expected more"
      CITI bank has offered a personal loan through an online. I got a call on bank end but process was delay to complete because my office number was incorrectly noted. Once all verification done on delay and they have sanctioned the loan by 12 days. Tenure period of 2 years. The rate of interest and fee are average. I use to get remainder message on time for EMI payment.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jan 11, 2020
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from CITI BANK as the interest rate is low. The interest is around 11 to 12% for the loan amount 1 lakhs. The process was easy and quite fast , loan amount disbursed with in a week. The bank executive response was good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 10, 2020
    • Citibank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I have chosen the personal loan with CITI bank because of the lower interest rate and the processing time was very quick. I had applied the loan amount of Rs. 10L and they have provided me an interest rate of 10.5% and the tenure was 4 years EMI need to pay of 25,603 rupees. Customer service was good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 10, 2020
    • Citibank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      I have applied a personal loan with CITI bank through online. I requested for the amount of 5L but got sanctioned of 2L only with tenure period of 3 years. Rate of interest around 10% and processing fee of 5K. There is an option of pre closure but can be avail after 6 months with some charges. EMI use to pay of 8K.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 10, 2020
    • Citibank Personal Loan
      "Quick processing loan"
      0.5 3.0/5 "Satisfactory"
      Its because of the lowest interest rates, i have chosen the personal loan with CITI bank and the processing time was very quick. I had applied the loan amount of Rs. 5 lakhs and they have provided me an interest rate of 12%. I have closed this loan because i got a better option from different bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 05, 2020
    • Citibank Personal Loan
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      CITI bank did not responded to me properly when i applied for personal loan with them. I have chosen Citi Bank because got offer and the eligibility was Rs. 2 lakhs but they have not informed me about the interest rate details. There is no proper follow up from the bank side so I couldn't continue further.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 05, 2020
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for Citi Bank personal loan through Online.I have dropped the plan of availing this loan due to higher rate of interest . But their executive made a proper callback and followup, only am not interested because of the interest rates. I wish them to reduce the interest rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 04, 2020
    • Citibank Personal Loan
      "Good Service"
      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 more hence not taken this loan.I have not submitted any of my documents for this loan .The whole process of the loan was clearly explained by the agent.There was proper callback and follow up from bank end .
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jan 04, 2020
    • Citibank Personal Loan
      "Need to reduce the rate of interest "
      0.5 4.0/5 "Great!"
      I applied for CITI BANK personal loan through online. I have denied to do the process as I arranged the amount from other sources. Their response was good and have received the call on next day. The rate of interest was around 12%, need to reduce it.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 04, 2020
    • Citibank Personal Loan
      "CITI bank need to reduce the interest rate"
      0.5 2.5/5 "Just OK"
      I already own a credit card from CITI bank hence i thought that i will get a better interest rates for the personal loan but it was higher and i have rejected this loan. Actually, I have applied for the loan amount of Rs. 7 lakhs and the interest rate is 11.99% but actually i was getting a best deal from other banks.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 03, 2020
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