• Citibank Personal Loan

    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% One time fee
    30L Max
    1 - 5 Years
    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
      "Need to decrease interest rate "
      0.5 2.0/5 "Expected more"
      I got a call on delayed basis from CITI bank after one week for a personal loan process. The loan amount was nominal with tenure period of 4 years. The rate of interest is high, it would be less than 15% which is fine so that have closed the loan process from my end.
      Was this review helpful? 3
      , bangalore
      Reviewed on Mar 17, 2020
    • Citibank
      Citibank Personal Loan
      "Anyone can apply for CITI bank loan"
      0.5 5.0/5 "Blown Away!"
      There is no any particular reason for choosing the personal loan from CITI bank and they have provided me a interest rate of 12%. They are charging me a processing fee of 5%. On time my loan got sanctioned. Documentation process went very well. I have been paying the EMI amount of Rs. 8000 for the loan amount of Rs. 1 lakh with the duration of 1 year.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 12, 2020
    • Citibank Personal Loan
      "Good Loan"
      0.5 5.0/5 "Blown Away!"
      Chosen my personal loan from CITI bank because they have assigned me a separate customer relative officer for lat 15 years hence its easy to get a loan. They have provided me a top up option also. Since its a salary account with them, till now i have not provided any documents to get a loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 12, 2020
    • Citibank Personal Loan
      "Better Loan Service"
      0.5 5.0/5 "Blown Away!"
      Its because of CITI bank interest rates. I have chosen this bank and its a trustworthy bank. I got the loan disbursement in on time. I got the interest rate of 12%. Whatever the loan amount I applied, they have sanctioned the same. They charged me a processing fee of Rs. 1,500. I have selected the duration of 24 months and EMI is auto debited from my account.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 12, 2020
    • Citibank Personal Loan
      "Super Loan "
      0.5 5.0/5 "Blown Away!"
      I have chosen CITI bank for the personal loan commitment when other financial institution they are charging me higher interest rate like 23% hence i have taken the loan from them with an interest rate of 12%. I had applied the loan amount of Rs. 5L but they have sanctioned the loan amount of Rs. 2.76L.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 12, 2020
    • Citibank Personal Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      Interest rate is less when i compared to other banks so i opted the personal loan with CITI bank. I got the good interest rate of 10.75% and the processing fee is nearly Rs. 7500. I have been paying the EMI amount of Rs. 21,895 for the loan amount of 10 lakhs. They do have pre-closure facility but the charges of 4% is applicable. They have sanctioned the loan in 3 days.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 10, 2020
    • Citibank Personal Loan
      "Best service "
      0.5 4.0/5 "Great!"
      I have applied a personal loan from CITI bank through online. The rate of interest is nominal of and processing fee is low amount was deducted from the loan amount. It was delayed to get a call and took one week. The amount was sanctioned with tenure period of years. They have provided pre closure option. I use to pay EMI of 9K.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 08, 2020
    • Citibank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through directly through Citi bank because rate of interest and the processing fee was nominal. without any delay got this loan and it was taken for my personal use . Am paying the premium on EMI basis without any delay .
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 25, 2020
    • Citibank Personal Loan
      "Need to decrease the rate"
      0.5 4.0/5 "Great!"
      I have applied a personal loan from CITI Bank through online. The rate of interest was high 12.99% so i informed them to close my application. Other banks are offering less rate of interest and i have not given any documents. Customer service was fine.
      Was this review helpful? 2
      , mumbai
      Reviewed on Feb 18, 2020
    • Citibank Personal Loan
      "Interest rate was high"
      0.5 4.0/5 "Great!"
      I have applied CITI Bank personal loan through online. The rate of interest was high when compared to other bank, they have not given any calls, messages or mail. This application got closed , the customer service and responsiveness are good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Feb 17, 2020
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I really enjoyed this service when applied for this Citi bank personal loan .The rate of processing was quite good compared to other bank.The loan got sanctioned on time and paying the premium on EMI basis without any delay. The process was hassle free and much comfortable as well.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Feb 17, 2020
    • Citibank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      The customer service are very good in CITI Bank. I have taken a personal loan through online. I got a verification call they came to home. I told them my son not well today, so that am working at home but he wrongly mentioned fully as I work at home so they rejected my application. I raised a complaint so it got approved that's was unhappy for me. The rate of interest was very less and I received loan within 3-4 days.
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 14, 2020
    • Citibank Personal Loan
      "Best Sevice"
      0.5 4.0/5 "Great!"
      My personal loan was taken through CITI bank .The rate of interest was comparatively low to other bank. The loan amount got sanctioned on time, the document submitted through the agent. The process was very quick and there was no difficulties faced until the loan was sanctioned.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 14, 2020
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through Citi bank .The rate of interest and the processing fee was very nominal.I am paying the premium on EMI basis .The process was done quickly and received the call from executive regarding the loan. I am really satisfied with the service .
      Was this review helpful? 4
      , thane
      Reviewed on Feb 06, 2020
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for CITI BANK personal loan through online and have not submitted any documents. The rate of interest is normal and the response from bank executive was good. I am not interested to process the loan as my requirement was fulfilled from other sources.
      Was this review helpful? 2
      , bangalore
      Reviewed on Feb 04, 2020
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have applied a personal loan in Citi Bank through online on emergency basis but it got delayed so i have arranged with someone else. The reason to choose this bank for the quicker service but they have failed to do so. I have not provided my documents also.
      Was this review helpful? 4
      , chennai
      Reviewed on Feb 03, 2020
    • Citibank Personal Loan
      "Incredible loan service"
      0.5 5.0/5 "Blown Away!"
      CITI bank has the lowest rate of interest when I compared to other banks. They took almost 1 week to sanctioned the personal loan. I had applied the loan amount of Rs. 1.3L and they have sanctioned me Rs. 1.13L. There is a locking period of 1 year to pre- close the loan. I have been paying the EMI amount of Rs. 4,073 per month.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jan 31, 2020
    • Citibank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      I have taken a personal loan from CITI bank which was applied through online. The loan amount was Rs. 1.50L with the nominal rate of interest. I opted with the tenure period of 3 years and i am paying EMI 4000 and i guess pre closure is there. Customer service was good.
      Was this review helpful? 5
      , pune
      Reviewed on Jan 29, 2020
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from CITI BANK as they offered me with low interest rate. I have opted for loan amount of 1L with the rate of interest around 10.5%, the processing fee was moderate. Bank can reduce the processing time, as it will be great
      Was this review helpful? 5
      , hyderabad
      Reviewed on Jan 27, 2020
    • 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? 6
      , bangalore
      Reviewed on Jan 21, 2020
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