Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Citibank Credit Card Loan is Rated as "Great!" by 2742 Users

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    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.

    Apply for Personal Loan

    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.

    Citibank Credit Card Loan Reviews

    • Citibank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from the Citibank for 4 lacs , The interest rate mis very high. I got the loan amount with in a day and credit to the account. The application and the documentation was really easy and hassle free. They need to lower the interest rates in par with other providers.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 17, 2018
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It had been a very good experience i had with them in taking this personal loan where the process in getting the loan had been easy and smooth where the loan amount also had been satisfactory. The interest rate had been good with them where it was not much higher. There has not been any hassle so far.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jul 12, 2018
    • Citibank Personal Loan
      "Very Good Service"
      0.5 3.5/5 "Pretty good"
      I had taken this loan almost a year back and it had been a very good experience with them. The loan amount which they where providing had been satisfactory and the interest rate with them has been okay and it was not that high. There has not been any issues faced with the services of them.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 12, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CITI bank 1 month back. The rate of interest was very high and the loan amount was 1 lakh . The EMI period is 2 years . The process was quite easy and i had a simple documentation since i am holding a card here. The processing fee was 1% and the followup's done properly.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 12, 2018
    • Citibank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with CITI bank and my loan experience was good, the loan amount was for Rs 1.5 lakhs with nominal interest rate when compared to other banks. Customer service was good and the tenure for this loan is 4 years. No preclosure is allowed for first 6 months.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 11, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken this loan from them in the year of 2015 and the process in getting the loan had been easy and smooth. The loan amount which they had provided had been satisfactory but the interest rate with them had been on the higher end but it has not been a problem.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 07, 2018
    • Citibank Personal Loan
      "Very nice experience"
      0.5 5.0/5 "Blown Away!"
      I have applied the personal loan of 1.20 lakhs and they have sanctioned the same amount. They have offered me a interest rate of 22% per annum. Their is no processing fee for this loan. I have done the online documentation process. They have sanctioned the loan on time. Everything fine with the CITI personal loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 06, 2018
    • Citibank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I have approached CITI bank for my personal loan process. I got a call once and later they did not taken the process forward. I am not satisfied with the customer service and responses . The loan amount was 2 lakhs and the interest rate was satisfactory . They did not contact me for the documentation process itself which was disappointing ,
      Was this review helpful? 0
      , noida
      Reviewed on Jul 06, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CITI bank. I tried applying through the website but later i couldn't apply due to the technical error, the application was closed. I was expecting 4 lakhs loan amount and i have got loans from the banks. The customer service and responses was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 05, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with INDUSIND bank 2 months back. The loan amount was 1,50,000 and the interest rate was very high . The customer service and responses was up to the mark. Its a paperless process and the processing fee was very high . They have sanctioned the loan with the committed time .
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 03, 2018
    • Citibank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the citi which they approved and the amount is reflected in 15 days ,its instant approve process. As am satisfied with the rate of interest 13%which is quiet high. They provided the tenure period of 4 year and i make the payment monthly though ECS.. There is no processing fees also,
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 03, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      From Citi bank i got personal loan , where the rate of interest is high when compared to other banks . Its instant loan approval process where the documentation has been done so quick and the amount reflected in my account . There processing fees is so high . I have chosen the tenure period of 3 years . Customer service and response is good compared to other bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 03, 2018
    • Citibank Personal Loan
      "Documentation process has to improved"
      0.5 2.0/5 "Expected more"
      I have applied a personal loan in CITI bank. They have rejected the loan due to address proof. I have given my company id proof as address proof. They have Government address i said i don't have the current address proof with me. They have done a documentation through phone calls. Actually i have applied the loan around 1.5 lakhs and they have offered me a interest rate of 11.25%. Any way i will recommend this bank to my friends.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 29, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest was around 10.99% for the personal loan with the CITI bank. I would like to say that the customer service is perfectly fine one for me with the CITI bank and everything is good too with the CITI bank.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 29, 2018
    • Citibank Personal Loan
      "Excellent Service/Response"
      0.5 5.0/5 "Blown Away!"
      Delivered what i was told during initial calls. Minimum interest rate(10.49%) with 0.5% processing fees. This is the lowest that i came across . No hidden charges and no hidden terms and conditions. Amount got processed with in 5 days. Just make sure all the documents are correct and you are not providing any false information.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 28, 2018
    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI bank. The process was very good and the loan amount was 5 lakhs . The interest rate was satisfactory . The customer service and responses was good.I was not getting the proper status update here so I am bit disappointed with the service .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI bank. The precess was very good and the loan amount was 1.2 lakhs . The interest rate was satisfactory . The tenrue period was 1 year . The customer service and responses was up to the mark. They have sanctioned the loan with the committed time and the processing fee is also nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2018
    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI bank.. The loan process was very good and the loan mount was 1.5 lakhs which is satisfactory and the interest rate was good . The customer service and responses was up to the mark.They have sanctioned the loan on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2018
    • Citibank Personal Loan
      "On time Loan Process"
      0.5 4.0/5 "Great!"
      The Overall loan experience was good. The interest rate was little bit higher than compared to other banks. I have applied for 1 lakhs as loan amount. They charged me a interest of 12.5 and processing is 4%. I used to pay the EMI around of Rs. 9000. Totally its a average service from CITI bank.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Got my personal loan from Citi bank where the rate of interest is promising one which is 11% . They gave tenure period of 4 years . There are some charges for processing fees . They approved the loan in 10 days . Overall, I am satisfied with the customer service and response .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2018
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