Loan on Citibank Credit Card

Citibank is the customer section of banking and financial services international Citigroup. Citibank was established in 1812 as the City Bank of New York and later it became the First National City Bank of New York. Citibank is an international bank with over 3777 sub offices peppered in around 36 nations. Predictably the US of America is the biggest single market with roughly 26 percent branches that generates nearly half of their profits. With two centuries’ worth banking experience, it has a strong presence in not only the big cities of the US like LA, Chicago, San Francisco and Boston but also in metros across the world. In fact 25 percent of the revenues come from Latin America and 20 percent from Asia.

Along with providing standard banking deals and products like Citibank markets insurance, credit cards, loans and investment services, their online services division is cited as the most fruitful in the arena, which boasts of more than 1.5 crore users. Loans on credit card by Citibank is usually allowed to any Citibank credit card holder as per the terms and conditions specified by the bank.

Loan on Citibank Credit Card Eligibility Criteria:

• The applicant should have a Citibank Credit Card and should have been using it for the last one year.
• The card member’s application will be accepted only if his/ her credit history falls in accordance with the bank’s prerequisites.
• The loan sum is normally determined by the bank.

How to Apply:

Go to credit cards page on Citibank India website and click on the ‘Loans on Credit Card’ page. You can fill in the basic details including your name, credit card number and contact information asked on that page and select the CALL ME option. You will get a call from one of the Citibank representative instantly. This facility can be used from Monday to Saturday (10:00 AM to 6:30 PM) except on bank holidays. You can also drop in at the nearest Citibank office and apply in person. A bank official will assist you with the procedure.

Citibank Credit Card Loan Features & Benefits:

• The application and getting the cash is processed quickly.
• Apart from getting a large amount of ready cash for nominal interests, the tenures too are flexible and can be scheduled as per your convenience.
• Permitting the credit card user to re-borrow the amount that is already repaid shall be solely decided by the bank.
• The cardholder verifies that the info given to the Citibank in relation with the credit card loan is true. And they also reserve the right to refuse loan if the information is found false.
• The credit card user empowers Citibank to give him/ her instructions through phone, text message, fax or email.
• The card user also accepts that the validation of the applicant’s identity given will be enough evidence for the Citibank to recognize him/ her.

Loan on Citibank Credit Card FAQs:

1. How do I apply for a Citibank loan?

Forms can be downloaded, duly filled and submitted. You can also do it in person by visiting the nearest Citibank office.

2. Will my application get rejected if the latest income proofs are not submitted?

Since you have already given all the necessary papers when you applied for credit card, this will not pose a problem.

3. Will I be informed if my application has been rejected and why?

Yes. You will get instant notification on your mobile as well as email.