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|Loan Amount||Minimum: Rs.50,000
Maximum: Rs.30 lakh
|Tenure||12 months to 60 months|
|Interest Rate||9.99% p.a. - 16.49% p.a.|
|Processing Fees||Up to 3.00%|
|Income||Loan Amount||Up to 4 years||More than 4 years||Processing Fee|
|Less than Rs.60,000 per month (net take home salary)||Less than Rs.5 lakh||12.99% p.a. - 13.99% p.a.||13.24% p.a. - 14.24% p.a.||0.99% - 2.0%|
|Rs.5 lakh to Rs.10 lakh||11.99% p.a. - 12.99% p.a.||12.24% p.a. - 13.24% p.a.||0.99% - 2.0%|
|Rs.10 lakh and above||10.99% p.a. - 11.99% p.a.||11.24% p.a. - 12.24% p.a.||0.50% - 0.99%|
|Rs.60,000 to Rs.1 lakh per month (net take home salary)||Less than Rs.5 lakh||12.25% p.a. - 13.25% p.a.||12.50% p.a. - 13.50% p.a.||0.99% - 2.0%|
|Rs.5 lakh to Rs.10 lak||11.50% p.a. - 12.50% p.a.||11.75% p.a.- 12.75% p.a.||0.99% - 2.0%|
|Rs.10 lakh and above||10.50% p.a. - 11.50% p.a.||10.75% p.a.- 11.75% p.a.||0.50% - 0.99%|
|Rs.1 lakh and above per month (net take home salary)||Less than Rs.10 lakh||10.50% p.a. - 11.50% p.a.||10.75% p.a. - 11.75% p.a.||0.99% - 2.0%|
|Rs.10 lakh and above||10.50% p.a. - 11.50% p.a.||10.75% p.a. - 11.75% p.a.||0.50% - 0.99%|
|Interest Rate||Processing Fee|
|9.99% - 14.99%||Up to 2.00%|
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:
The following are the eligibility criteria for Citibank personal loans:
|Age||The applicant should be above the age of 18 years. For more information contact an official from CitiBank.|
|Employment Type||Salaried or self-employed|
|Net Salary||Contact bank for more information.|
Here are the documents you will have to submit when applying for a personal loan from Citibank:
|CriteriaCriteria||CriteriaSalaried Individuals||CriteriaSelf-employed Individuals||CriteriaFor expats|
|Late Payment Charges||Nil|
|Preclosure Charges||Up to 4% of the overall outstanding amount|
|Stamp Duty||Depending on prevalent state laws|
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.
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.
In case you apply for a Citibank personal loan in March 2023, the first EMI will have to be paid on 1st May, 2023. The commencement of EMI payments starts during the second succeeding month from the month in which the loan was taken.
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.
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.
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.
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.
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.
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.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
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