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    Citibank Personal Loan

    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% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    Citibank Personal Loan is Rated as "Great!" by 2956 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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  Up to 3% of the loan amount 
     

    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
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from CITI BANK,the loan amount was Rs. 6,00,000 and the rate of interest was 12% but its high. I received the loan amount within 3 days.Documentation was simple and good i uploaded through online. Customer service and responsiveness is good. Preclosure charges is there but i am not sure.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 17, 2019
    • Citibank Personal Loan
      "Terms & Conditions Could Have Been Modified"
      0.5 4.0/5 "Great!"
      The main reason in choosing CITI BANK for my personal loan is because the interest rate with them was pretty less. The communication in the beginning was not that good where after finalizing only i came to know about the lock period of 12 months. They should have made a provision to pay before that even with a penalty. Rest everything was good in this experience.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 16, 2019
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for Citibank Personal Loan.There was no issues faced so far .The rate of interest and processing fee was nominal.I have received the loan on time .The loan amount was sufficient .The agent clealry explained the process .of the loan.The Banking service is good .
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 16, 2019
    • Citibank Personal Loan
      "Instant loan"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from CITI BANK,the loan amount was Rs. 5,00,000 and the tenure is 4 years. The rate of interest was good,preclosure charges is there 4%R after one year. Customer service and response was good,they asking too many proofs to process the loan application.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 16, 2019
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for Citibank Personal Loan there was a delay on getting the loan amount .The rate of interest was less and processing fee compare to other bank is very less and the loan amount was sufficient .The agent clearly explained the process of the loan .There was no issues on documents submission .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 16, 2019
    • Citibank Personal Loan
      "EMI flexibility should be there"
      0.5 4.0/5 "Great!"
      CITI bank has online service for applying the personal loan, they are helpful but the drawback is due date falls on 1st of every month , there is no option to modify where in other banks there is a flexible option to change the due date, they need to provide this choice to the customer. The interest rate is competitive.
      Was this review helpful? 1
      , thane
      Reviewed on Apr 15, 2019
    • Citibank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I applied for a personal loan with CITI BANK and it was processed on time. I am happy with the services so far. There is no hidden charges with this bank . Rate of interest is 14% and it is nominal . The interest rates here seems to be reasonable compare to other banks.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Apr 15, 2019
    • Citibank Personal Loan
      "Super fast process"
      0.5 5.0/5 "Blown Away!"
      It took me only minutes to get this personal loan from Citibank. It was just a click away and I got the money in ten minutes. I first got the money and then the executive called me. The interest rate is 16% reducing. The customer service and response is excellent.
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 15, 2019
    • Citibank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI BANK , customer service is up to the mark they follow up so nicely through out the process . Other than that i am really happy with services .They charge nominal rate of interest but they charge good processing fee .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 12, 2019
    • Citibank Personal Loan
      "Convenient loan process"
      0.5 5.0/5 "Blown Away!"
      My personal loan is running with CITI bank, the principal amount is satisfactory around Rs. 2.4 lakhs for the duration of four years. From this bank I have option for balance transfer, preclosure and part payment however the interest rate is nominal.
      Was this review helpful? 1
      , new delhi
      Reviewed on Apr 11, 2019
    • Citibank Personal Loan
      "Good Experience with CITI"
      0.5 5.0/5 "Blown Away!"
      Two years ago I closed the CITI bank personal loan by doing foreclosure. I think they have charged some fee, it was nominal. They are very proactive in terms of handling the query but reaching the agent it take long duration. Also I have account with the same bank.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 10, 2019
    • Citibank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      They have offered with the lower rate of interest than others along with that the processing fee was lower so i have taken the personal loan with the CITI BANK. The documentation process was good and i got the loan within a 5 working days approx. The loan amount was good.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 08, 2019
    • Citibank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am an exist customer of CITI BANK so i have taken the personal loan. The documentation process was simple and easy and i got the loan within week. The loan amount was good and the rate of interest was higher than others. The duration for 4 years to repay the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 08, 2019
    • Citibank Personal Loan
      "BETTER"
      0.5 3.0/5 "Satisfactory"
      I have taken the personal loan with the CITI BANK and they have given the loan amount which was good but the rate of interest they have offered was higher than others. the documentation process was simple and easy to get the loan added on that the customer service is good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 06, 2019
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for Citi Bank Personal Loan through Online .The agent clealry gave the required details of the loan process .The rate of interest and the processing fee was nominal .I have applied for the loan amount of 1 lakh for the tenure of 3years and got the loan amount sanctioned within 9 working days .I have not faced any difficulties on submitting the documents as well .The overall Service is Good .
      Was this review helpful? 0
      , kottayam
      Reviewed on Apr 04, 2019
    • Citibank Personal Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from CITI BANK the loan amount was Rs. 300000 tenure is 2 years. The rate of interest is slightly high 16% documentation process is smooth executive collected the documents. I received the loan amount amount within a week.Preclosure charges is there its 2%. Customer service is good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Apr 04, 2019
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI BANK they gave me best services . The best interest rate they have provided to me among all the banks it is nominal . I have taken this loan through online and mobile application is too good with this bank . I can do preclosere without paying any extra charges .
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 04, 2019
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The interest rate was 14% for the personal loan. I have completed the loan in 2014 or 2015. The loan tenure is 7 years. They are not insuring the customer where other banks are providing insurance along with the loan. They have charged me 1.5 % processing fee. The loan amount was more sufficient. The loan process was faster and within 2 days they credited the amount into my account.
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 03, 2019
    • Citibank Personal Loan
      "Instant loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from CITI BANK,the loan amount was Rs. 300,000 and the rate of interest is 12.99%. Based on my credit card i got this loan offer its a pre-approval loan paper less process. Preclosure charges is 3% from unbilled amount. Within 24 hours i received the loan amount i just need to validate my TPIN its very easy process.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 03, 2019
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took one personal loan with CITI bank , I am satisfied with the loan amount and rate of interest. My tenure is for 5years and 14 months almost complete. The customer service provided is good and their response is good. I am satisfied with this bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Apr 02, 2019
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