Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 Citibank Credit Card Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Fees & Charges
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    Customer Reviews

    Citibank Credit Card Loan is Rated as "Great!" by 1871 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Citibank Credit Card 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.

     Citibank Personal Loan Offers
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  • Citibank Credit Card Loan Reviews

    • Citibank Personal Loan
      "Response is good"
      0.5 5.0/5 "Blown Away!"
      Due to my personal reasons I could not proceed ahead for the loan with Citibank. I received a proper response and they provided all the details to me. They offered the least rate of interest in the market. It was around 10.99% and the processing charges were very much normal, especially when it comes to personal loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Satisfactory services"
      0.5 5.0/5 "Blown Away!"
      I did not go ahead with Citibank for the personal loan as I got a better offer from another bank. They were on time in the customer services and they informed me the details. The process was quick and in all it was a nice experience and hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Instant loan in 4 hours"
      0.5 5.0/5 "Blown Away!"
      As I am holding a Citibank salaried account, the entire loan process and the disbursement was done within 4 hours of time, which is really a super-fast process also I had received a very good service from CITI. I would say that I have got the best and a faster loan process , when compared with other banks. The rate of interest is low when compared with others. I am happy about the loan amount because the required loan amount has been disbursed on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Be more flexible in the terms and conditions"
      0.5 4.0/5 "Great!"
      Citibank contacted me on time for the personal loan and the team informed me the details about the process. The interest rate was normal and so was the processing charges. I did not take the loan from them because they had a one year lock in period to pre close the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had received the required cash through some other source that was the reason I didn't opt for CITIBANK personal loan. The customer service and the follow up was good with CITIBANK. The rate of interest is nominal with Citibank. Overall service, I am very much happy with CITI Bank services.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 24, 2017
    • Citibank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      Currently, I don't have requirements to take personal loan from Citi bank, that the reason I dropped the plan. CITI service is good, they offered me least interest rate of 10.99% but for preclosure there is a locker period of six months its should be lesser and they taking some charges of 3 to 5% for preclosure.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 23, 2017
    • Citibank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      After me applying for a personal loan with Citibank, I received one call and there was an executive to come over and collect my documents. But no one came up to start the process. So I went ahead with another bank who was more responsive in giving me the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 23, 2017
    • Citibank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      Citibank has been excellent in the personal loan experience. I was contacted on time and there was no documentation. I also received the loan on time and the after loan services are also perfect. The customer support has always been really good and helpful.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 23, 2017
    • Citibank Personal Loan
      "Interest rate should be reduced"
      0.5 4.5/5 "Excellent!"
      CITI Bank offered me the interest rate of around 13% it is higher side. Hence I have approached other bank, I got the better interest rate around 11.60% in other bank. But CITI bank contacted me on time for the loan process but I denied to go head because of interest rate.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 23, 2017
    • Citibank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      Since I changed my mind I did not go ahead for the personal loan with Citibank. There were too many calls, which upset me and I did not go ahead. The interest rate and processing charges was also a good deal overall. No hassles overall with the experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      Citibank was good in the response after I applied for the personal loan. I did not go ahead because they did not offer me the interest rate I was looking for. I needed a rate below 11% and the bank was offering a rate of 12%. The processing charges were high.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Need Improvement"
      0.5 4.0/5 "Great!"
      I didn't get the personal loan from CITIBANK. I got the call from Citibank executive in a day's time. They told me to submit the documents to the executives but no one turned up and finally I got a text from CITI saying that my personal loan application got cancelled. They haven't revealed the reason why they have cancelled my application. The rate of interest is high , when compared with others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Response part has to be improved"
      0.5 1.0/5 "Really Bad"
      There was no response from CITI Bank, no body contacted me with regards to the loan process. In fact no one reached me to collect the documents. I had waited for a week then I have processed personal loan with some other bank. Compared to CITI service HDFC is the best.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Communication gap should be avoided"
      0.5 1.0/5 "Really Bad"
      I have not received any call from CITI Bank, Almost I have waited around two to three days. Even I didn't get any welcome call from CITI bank on the loan process. Then I applied to TATA Capital, they proceed the loan very quickly. Finally I got a call from CITI bank, at that time I have processed my loan with other institute.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got a call related to the personal loan balance transfer from Citibank. I got confirmation from Hsbc that I can do a balance transfer after 1 year. The rate of interest is nominal with Citibank, which is comparable. So that was the reason I can't proceed with the Personal Loan with Citibank. I can say it was good service with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Citibank Personal Loan
      "Response part has to be improved"
      0.5 3.0/5 "Satisfactory"
      The bank have not contacted me on particular time, Hence I have taken loan from other institute. I waited around two days, there was no response then I got a call from CITI Bank but at the time I have processed my loan with some other financial institute.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I got a better offer from AXIS, I felt preclosure option and processing fee is not good in CITI. They are taking 2% of processing fee for the loan closure and there is no part payment in CITI. Hence I took a personal loan from AXIS bank, but I am happy about CITI service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I already have a saving account with Citi bank, so their executive called me directly for the personal loan. They offered me good interest on loan. They came to my office and collected the papers. CITI bank disbursed the amount within four days. I took the amount of Rs.4 lakhs tenure of 2.5 years and my EMI is Rs.15,095. CITI bank has a locking period of one year, then I can close the loan by paying 2% of preclosure charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Loan process should be simple"
      0.5 3.5/5 "Pretty good"
      I had refused to process my personal loan with CITI bank, because they have asked me for the reference address, I felt the document process very inconvenient. They should make their documentation very simple and reference address detail should also be avoided.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 21, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      Previously I have taken personal loan from CITI bank, now it got closed and I got my NOC letter. They have done a fast loan process, and offered me nominal interest taken some reasonable processing fee from the disbursement. I am very happy of their service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2017
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