Citibank offers personal loans between Rs.50,000 and Rs.30 lakh at interest rates starting from just 9.99% p.a. 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.
Job card issued by NREGA and duly signed by an authorised State Government official
National population register
Aadhaar
PAN Card
Trade License with photograph
Driving License
Voter’s ID
Passport
Photographs
Job card issued by NREGA and duly signed by an authorised State Government official
National population register
Aadhaar
Valid VISA
Valid passport
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
Job card issued by NREGA and duly signed by an authorised State Government official
National population register
Aadhaar
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
Job card issued by NREGA and duly signed by an authorised State Government official
National population register
Aadhaar
Valid Passport
Valid VISA
Documents issued by Government departments of foreign jurisdictions
Letter issued by Foreign Embassy or Mission in India
Age Proof
Birth Certificate
Passport
School or College Leaving Certificate
PAN Card
Voter’s ID
Company ID
Job card issued by NREGA and duly signed by an authorised State Government official
National population register
Aadhaar
Birth Certificate
Passport
School or College Leaving Certificate
PAN Card
Voter’s ID
Job card issued by NREGA and duly signed by an authorised State Government official
National population register
Aadhaar
Employment/Business Proof
Letter from employer
Form 16/pay slips
HR check by designated source from CPA
Rent receipts or lease deed
Utility bills
Bank statement for the past 3 years
Ownership document
Tax returns from the same city
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 3 months
Audit report for 1 year
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
FAQ on Citibank Personal Loan
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 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.
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 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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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.
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.
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.
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?
5
BALASUBRAMANIYAN
, chennai
Reviewed on Mar 12, 2020
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.
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.
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.
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 .
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.
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.
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.
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.
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.
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 .
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.
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.
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.
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.
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
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.
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