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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
    0.00% - 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  0.00% - 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
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the personal loan from last 5.6 years with CITI BANK, the loan amount given was 2.5L with the loan also the rate of interest was 17.5%. It is a pre approved loan, the customer support is good and also they are responsive. The overall service is good.
      Was this review helpful? 2
      , pune
      Reviewed on Jul 19, 2019
    • Citibank
      Citibank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the loan since from last 34 months the duration for repaying th loan was 36 months. It was a pre approved loan, the loan amount given with the bank was 7.76L, the rate of interest given was 11.49% per annum. There was no processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2019
    • Citibank Personal Loan
      "Better Loan services"
      0.5 4.0/5 "Great!"
      I have a personal loan from CITI bank which is a top up loan. Compared to other banks the interest rate is low, hence i have got the loan with them. Taken the loan amount of Rs. 1.20 lakhs and there was a processing fee of 2%. The charges are not convenient for me.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 15, 2019
    • Citibank Personal Loan
      "Need to decrease charges"
      0.5 4.0/5 "Great!"
      I have taken a personal loan in CITI bank before 2 months ago. Since it is a pre approval loan documents are not required and process was smooth. The loan was sufficient for the tenure of 3 years. The rate of interest and fee are high.On time loan got sanctioned.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 15, 2019
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have applied a personal loan from Citi Bank. Their rate of interest is high but loan amount which i have applied is sufficient when compared to other banks. but the citi bank team has not processed my loan amount for unknown reason. The customer service is good and helpful.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jul 12, 2019
    • Citibank Personal Loan
      "Need to decrease charges"
      0.5 4.0/5 "Great!"
      I was applied a personal loan in CITI bank for 6 months before which was processed through an online. I received a call on time from bank for further verification. The loan amount was low which was offered from bank for the duration of 4 years. The rate of interest and fee are high. Due to high interest I have not process for further.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 11, 2019
    • Citibank Personal Loan
      "Good loan service"
      0.5 5.0/5 "Blown Away!"
      I have applied the personal loan from CITI but i did not get it. Since i had a loan with other bank i have chosen CITI bank. I have applied the loan amount of Rs. 3 lakhs for the tenure period of 5 years and they have not informed me about the rejection reason.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 11, 2019
    • Citibank Personal Loan
      "Neeed to provide more loan amount & less the charges"
      0.5 3.0/5 "Satisfactory"
      I was applied for a personal loan in CITI bank which was processed through an online. I received a call from bank on time for verification process. The loan amount was low which was offered from bank for the tenure of 5 years. The rate of interest and fee are high. Due to low amount and high charges I have not process for further.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2019
    • Citibank Personal Loan
      "Nice Loan service"
      0.5 3.0/5 "Satisfactory"
      I applied the loan from CITI bank without any reason and i applied the amount of Rs. 8 lakhs. Since i have a existing loan with some other bank they have rejected the loan and they want a Office Landline number or Official mail id which i do not have. The has been dropped because they haven't informed me about the interest rate.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 11, 2019
    • Citibank Personal Loan
      "Can do better"
      0.5 3.0/5 "Satisfactory"
      There was some ups and down with my old loan account hence when I raised the loan request in CITI bank. They have closed the application and they told to approach after clearing that issue. But there response is not upto the mark they just called me once.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2019
    • Citibank Personal Loan
      "Very Good Response"
      0.5 5.0/5 "Blown Away!"
      At that time there was no requirement to take the personal loan form CITI bank, after raising the request the bank executive called me seven times. I would say the follow up was good. Earlier they told the rate of interest was 13% it was negotiable.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 11, 2019
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for Citi Bank Personal Loan through Online .I have got all the required details about the loan process .The rate of interest and the processing fee was high hence dropped the plan of taking this loan.I have submitted the required documents also.There was no difficulties faced so far .
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jul 11, 2019
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Since the bank service is good i have chosen the CITI bank. I have applied the loan amount of Rs. 2 lakhs and they have provided me a interest rate of 10% and from bank end, they have rejected the loan because of there is a issue on my address since i do not have any local address proof. CITI bank service is good.
      Was this review helpful? 1
      , noida
      Reviewed on Jul 11, 2019
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been applied my personal loan with CITI bank through on line, which got closed as i change my plan that time my requirement was fulfilled so i dont want any loan, their customer care service is good, their customer care response me well. Their service is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2019
    • Citibank Personal Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      I have chosen Citibank personal loan for doing balance transfer for my existing loan of 5.20 lakhs. The rate of interest is of 12.5% and the customer service is not good and responsive. The documents was collected by the executive. From banker end I received an email that the application got rejected.
      Was this review helpful? 1
      , thane
      Reviewed on Jul 08, 2019
    • Citibank Personal Loan
      "Processing time is quick and more responsive"
      0.5 4.0/5 "Great!"
      CITI bank process is really good. The repayment charges like fore-closure and pre-closure charges are bit high. Rate of interest is feasible and there are lots of restriction to make the partial payment and the charges are on higher side. We can done only in a particular times for a twice in a tenure period. I have rejected the loan its because of the fore-closure charges and there is no need after that.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 06, 2019
    • Citibank Personal Loan
      "I'm not satisfied with the loan services"
      0.5 1.0/5 "Really Bad"
      CITI bank people called me and said they will be providing a personal loan and i thought that I'm existing customer of CITI bank. After getting all my documents, they said its because of the low credit score, they were unable to process the loan. They have given me a wrong information. The interest rates were different after and before submitting the documents. They did not inform the reason and i followed up with them for last 2 weeks. Initially they were called me and followed me. They had a 13% interest rate and zero processing fee.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 06, 2019
    • Citibank Personal Loan
      "Nice Loan"
      0.5 4.0/5 "Great!"
      Not a particular reason for choosing the personal loan from CITI bank. I applied the loan amount of Rs. 50000 and they have provided me a nominal interest rates. Due to the address change issue, the loan got rejected from the bank end. CITI bank service is really good. I have not submitted my documents at all.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 05, 2019
    • Citibank Personal Loan
      "Unhappy"
      0.5 1.0/5 "Really Bad"
      I am not satisfied with Citi bank personal process they were are not responded to my loan application .I have not done with documentation process but they have explained details of the loan. I have been wait for long time finial went other bank to process with personal loan application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 05, 2019
    • Citibank Personal Loan
      "Need improvement service"
      0.5 2.0/5 "Expected more"
      I have selected Citi bank personal loan amount is 9 lakhs and rate of interest 15 percentage and one time processing fee is applicable .while all documents submitted through executive.Customer service is good and responsive . Due to high rate interest i have disclosed application . They should compare to the Rate of interest in market charger.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 05, 2019
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