Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Citibank Credit Card Loan Reviews

    • Citibank Personal Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have approached CITI bank for my personal loan.Their rate of interest was 15-16% which is high when comparing to other banks in the market and they wont decrease the interest rate so I have cancelled the request. Their customer service and responses was up to the mark . My overall experience was not bad.
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      , bangalore
      Reviewed on Sep 21, 2017
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with CITI bank. I am really satisfied with their rapid process and excellent customer service. My personal loan process was hassle free .They have provided door step service for the documentation collection and understood my urgency which was satisfactory. However the rate of interest was 11.25% for 5 lacks which is bit high than standard charter bank.
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      , new delhi
      Reviewed on Sep 21, 2017
    • Citibank Personal Loan
      "Looking for better offer"
      0.5 4.0/5 "Great!"
      I have requirements around 20 lakhs but CITI bank ready to sanction the amount of Rs.10 lakhs. There was no use to take low principal . Hence I dropped the plan because my needs was not fulfilled. I would like to suggest them to process high principal amount.
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      , hyderabad
      Reviewed on Sep 21, 2017
    • Citibank Personal Loan
      "Response part should be improved"
      0.5 3.0/5 "Satisfactory"
      When I applied for the loan I didn't get the call from CITI for the documentation collection. I would like to suggest them to proper response part on customer request, what ever it may be their executive should call and confirm their requirements.
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      , pune
      Reviewed on Sep 21, 2017
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Rate of interest is really okay one with the CITI bank for the personal loan but the processing charges were really huge one and that's the reason, why I have not taken the loan from them. Rest of the things are really fine.
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      , bangalore
      Reviewed on Sep 21, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The excepted loan amount was not approved by Citibank, so that was the reason I have got the loan from Citibank. The rate of interest is nominal .the customer service gave prompt response in regards to my personal loan application. I could say I am fine with the service.
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      , bangalore
      Reviewed on Sep 21, 2017
    • Citibank Personal Loan
      "Fast process and high ROI"
      0.5 5.0/5 "Blown Away!"
      The process was good at Citibank for the personal loan. I got the loan within two days. It was that quick as I am privileged customer of the bank. The interest rate was high. It was around 12.49% and the processing charges was normal. The rate could have been lesser.
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      , bangalore
      Reviewed on Sep 21, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a personal loan application with Citibank. And later i did not had any requirement for the personal loan and i cancelled the application from my end. I did not had any conversation with the CITI bank team regarding the loan application.
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      , greater noida
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached CITI bank for my personal loan. They were ready to sanction my loan but due to my personal reason I have postponed it other than that my experience was good and I would like to recommend it to others because their rate of interest was 10.59% which was satisfactory and they provide door step services for the documentation collection.
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      , bangalore
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Not too EASY"
      0.5 2.0/5 "Expected more"
      With CITIBANK i have applied for a personal loan and i did not received any response from the bank end. A good service provider should be responsible for every individual customers. They should have properly responded at the right time. Since i have applied a loan with INDUSIND BANK.
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      , chennai
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have withdrawn the personal loan proposal at present so that was the reason I haven;t got the loan with Citibank bank. I have already told to Citibank executives that I am not requirement at present, The rate of interest is high when compared with others.
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      , kolkata
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "For personal Loan its poor service"
      0.5 1.0/5 "Really Bad"
      I applied for a personal loan application with CITIBANK were i hold my salary account for the past 7 years. The rate of interest promised by the bank is 10.99%. Their is no partial payment or any preclosure option available with the bank. So i am very much disappointed with the response given for my personal loan application and i cancelled the loan and took it from one of the competitors.
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      , bangalore
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Process is quick and high ROI"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Citibank and the process was good as I got the loan within couple of hours. The documentation was simple as well. The interest rate and processing charges could have been lesser, at least because I am a existing customer and when in comparison with other banks. I got a rate of 11.99%, there were banks offering me around 10%.
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      , new delhi
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      At the time when I have applied for the loan I have different plans so that was the reason I haven't got the loan from Citibank and I have postponed the personal loan plan as well. The customer service was good with Citibank. The rate of interest is nominal and same when compared with other banks.
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      , chennai
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Nice experience and fast process"
      0.5 5.0/5 "Blown Away!"
      Citibank has been really good in the process of a personal loan. It served my need of taking a loan. I got the funds on time and the interest rate and processing charges was on the higher side. The after loan services are also good and on time and smooth.
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      , hyderabad
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I would like to say that the rate of interest for the personal loan with the CITI bank and the customer service was good one with them. I would like to say that the loan amount got disbursed to my account within two weeks of time.
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      , bangalore
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Very Good"
      0.5 4.5/5 "Excellent!"
      I am having the personal loan with the CITI bank and am using it from the last five months of time. I would like to say that the rate of interest is around 10.99%, also their customer service is very good and their responsiveness too.
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      , chennai
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Not good not bad"
      0.5 3.0/5 "Satisfactory"
      I have approached CITI bank for my personal loan. They have tried reaching me twice but I couldn't respond to them so my personal loan application was rejected .I would like to give 4 stars for their customer service and responses. Their rate of interest and fees and charges was not much better than other banks so I would like to rate 2.5 out of 5.
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      , chennai
      Reviewed on Sep 19, 2017
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached CITI bank for my personal loan.Their rate of interet was 11.59% which was high than KOTAK bank so I have taken with with KOTAK. They need to improve much on their customer service and responses as because after processing my application through online but I dint receive any calls from CITI bank.
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      , new delhi
      Reviewed on Sep 19, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I felt that the Citibank executives are not giving proper response to the customer. In regards to my personal loan application they never gave any response. They have collected the documents on time and later on they told that I am lacking in my credit score. The rate of interest is high when compared with others. The fee and charges are also high with the Citibank personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2017
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    Citibank Credit Card Loan is Rated as "Great!" by 2189 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Citibank Credit Card Loan

    Apply for Personal Loan

    A specialised financing provided by Citibank that utilises the unutilised credit limit on an individual’s credit card to provide funds as per a loan. This loan is already pre-approved and all that the applicant has to do is to apply for the loan through the bank. The loan amount is by all means a personal loan which is much easier to apply for and allows fund availability within a relatively short period.

    Where can a Citibank Loan on Credit Cards be used?

    Citibank Loan on Credit Cards is quite versatile in its usability. The bank doesn’t impose many limitations on the loan. The loan adds on to the usage of the credit card, so EMIs payable come as a part of the minimum amount due per month on the credit card.

    Who can apply for Citibank Loan on Credit Cards?

    The loan provided can be availed specifically by all individuals who own credit cards issued by Citibank and have a sizable unused portion of their credit limit. Terms and conditions as well as age limits and income criteria as defined for credit cards will be applicable for this kind of loan.

    What are the applicable financing limits?

    The loan amounts under the Loan on Credit Cards facility depend upon the unused credit limit of the applicant. As per the value of the unused credit limit, a loan amount can be issued that is within the credit limit of the applicant. In certain cases, Citibank might also allow a loan that exceeds the credit limit. The minimum amount of loan that can be availed through this facility is based on the discretion of Citibank, observing the financial behaviour of the applicant.

    The loan applied can range within tenures decreed by Citibank and EMIs can also be made for as long as tenure depending upon the principal amount. Pre-closure of the loan might attract additional fees at the rate of 3% of the outstanding amount.

    What are the Interest rates of Citibank Loan on Credit Cards

    Interest payable on Citibank Loan on Credit Cards varies as per the usage of the amount. The rates are based on the discretion of the bank, though as of November 2015, the rate is similar to the interest rate charged on the credit card through which the loan is applied for. Differential rates are applicable for different credit cards from Citibank and accordingly that affects the interest rate of the loan availed. The nominal rates stay within 12% to 19% per annum. In case loans approved are exceeding the credit limit, an over limit charge might be imposed. Processing fees for such loans will be 2.5% of the loan amount (or INR 300), whichever is higher.

    What documents are required for applying for Citibank Loan on Credit Cards?

    • Identity proof (Government approved – PAN Card, Passport, Voter ID) in case credit card is less than 9 months old
    • Address Proof (Rental agreement, Business establishment deeds, etc.) in case credit card is less than 9 months old
    • Signature proof
    • Application form through online means or physical branch

    This loan is promoted as an ‘Instant Loan’ which makes use of existing KYC documents to provide requisite documentation. Extra documentation might be requested by Citibank as required.

    How to apply for Citibank Loan on Credit Cards Financing?

    This financing can be applied for online at Citibank’s website, by calling up the bank’s phone banking system or at any physical branch. One should possess the necessary documentation to be submitted at the time of applying for this financing option.

    The loan can also be opted for at BankBazaar’s website where various infographics and calculators can allow a better understanding of how the loan works.

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