Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    Citibank Credit Card Loan

    We found 1 Citibank Credit Card Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    1% to 2.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    Citibank Credit Card Loan is Rated as "Excellent!" by 1747 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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.

     Loading your search... Loading your search...
  • Citibank Credit Card Loan Reviews

    • Citibank Personal Loan
      "High Interest Rate"
      0.5 4.0/5 "Great!"
      Citi bank is on higher end in terms of interest rate. They quoted some high rate of interest for the personal loan. When I checked with other banks, I got lower interest rate than CITI bank so I closed my application with CITI. Customer service and everything is fine except the interest rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • Citibank Personal Loan
      "Should give quick process"
      0.5 2.0/5 "Expected more"
      CITI Bank didn't contact me on time, they took long days to revert back on my loan application. They didn't come to collect the documents. All banks are completing the loan process within four days of time but CITI is taking much time. Interest rate is no also nominal only the concern about the processing time, that has to be reduced.
      Was this review helpful? 0
      , chennai
      Reviewed on May 26, 2017
    • Citibank Personal Loan
      "Could have flexible options"
      0.5 3.5/5 "Pretty good"
      I did not go ahead with Citibank as they did not have flexible terms and conditions. There were no foreclosure options or a part payment facility. Like wise the bank was very high on the rate of interest and processing charges. But they were quick in responding to my personal loan application.
      Was this review helpful? 0
      , pune
      Reviewed on May 25, 2017
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I was glad about the interest rate as for that reason I proceed with the Citibank for personal loan. It took a long time to process. I submitted the papers I did got proper response and calls from the Citibank till the time of getting loan . Initial call was very quick but after that they are not proactive and they where asking for too much of documents only that part was really bad with them
      Was this review helpful? 0
      , mumbai
      Reviewed on May 25, 2017
    • Citibank Personal Loan
      "Need to increase the loan amount"
      0.5 2.0/5 "Expected more"
      CITI was not willing to action a higher loan amount or in other words the loan amount provided by CITI Bank was too low and that was the reason why I did not avail the loan from CITI. CITI bank gave a timely response and the followup which was very good too. The rate of interest on my loan is very much nominal and it is much better than any other Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 25, 2017
    • Citibank Personal Loan
      "Its Average"
      0.5 3.5/5 "Pretty good"
      Due to my personal reason I have closed the loan with CITI bank, but they responded well. I got call from CITI bank and they updated about the loan process. Ready to sanction they 90% of loan, what I requested. In fact CITI interest rate and other is also low.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Citibank Personal Loan
      "They should be comparable"
      0.5 3.0/5 "Satisfactory"
      The reason why I had not taken loan from CITI Bank was the high rate of interest which was 15% finally they came down upo14.5%, I did not compromise on that, Hence I approached other institute, I got best deal from AXIS with the interest rate around 12% and its good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • Citibank Personal Loan
      "They should reduce the interest rate and processing fee"
      0.5 3.0/5 "Satisfactory"
      I got better offer from HDFC as HDFC Bank has offered me the least interest rate of 12.75%, but CITI bank offered me the interest rate of around 14% hence I took loan from HDFC bank. Initially, I gave request to CITI bank to reduce the interest rate but they didn't consider it.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 24, 2017
    • Citibank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      It was last year I had taken a personal loan from CITI. They sanctioned the requested amount from their end with A lower interest rate. They had completed the documentation process with very less paper works. At the right time CITI bank disbursed the loan amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
    • Citibank Personal Loan
      "Need to focused a lot on improvement"
      0.5 1.0/5 "Really Bad"
      CITIBANK, while explaining the personal loan, they explained in a processed way and told less interest rate, and after that while processing the loan the have increased the interest rate, which need to be changed with Citibank. They need to be improve lot of things, while communicating with the customers. Citibank executives and the higher officials need to be trained in the processed way to communicate with their customers.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Excellent deal on the ROI"
      0.5 3.5/5 "Pretty good"
      Since I am a corporate customer, Citibank did not have much of a documentation for the personal loan. The process was quick and smooth. The deal on the interest rate was good as I got a rate of 10.99% which was the lowest when compared to other banks. The processing charges was minimal.
      Was this review helpful? 1
      , gurgaon
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "High Rate of Interest"
      0.5 3.0/5 "Satisfactory"
      I preferred Citi bank for the personal loan and I applied with them through online source. Their response and customer services are good but I found that Citi bank is very high on the rate of interest when compared with other banks in the market.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Delayed Response"
      0.5 1.5/5 "Bad"
      Actually to say, I do received a response from CITI bank for the personal loan but it was a delayed response. The time when they reached out to me, I got loan from other bank. When I was waiting for the response from citi bank, I did not receive it so I switched over to other bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Need to be transparency in the service"
      0.5 3.0/5 "Satisfactory"
      The Citibank charges some hidden charges on my personal loan concern, which is applicable to the customers without the customers knowledge, that was the reason why I had cancelled my Personal loan application with Citibank. I would like to suggest Citibank, they need to inform the customers about the hidden charges before it is charged. It would be great if they can give the split of estimated chargeable amount in prior. The rate of interest is also high with CITI Bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Citibank was high on the rate of interest that is why I could not proceed with them for the personal loan. The bank was offering me a rate of around 16% and I was looking out for a rate of around 11%. The processing charges was high too. I received a quick response from them though.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "High interest rate"
      0.5 2.0/5 "Expected more"
      Interest rate is very high with Citi bank for the personal loan, also they are not ready to negotiate on interest rate. Whoever spoke to me about the rate of interest was very abrupt and said no for the negotiation. Their customer service is not good enough to handle the customer.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Great bank can do better"
      0.5 3.5/5 "Pretty good"
      Applied personal loan with Citibank. But I have told to close the application , because the foreclosure charges are were high with CITIBANK. The prepayment facility is better in other banks. Within couple of days Citibank gave a call and asked for the documents. The rate of interest is high when compared to others. The customer support and the response was good with Citibank. Overall I can say it is great bank which can do better in future.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I would certainly say that CITI bank is really good.Truly love the service of CITI Bank. As they do what they say they have charged some for processing fee and the loan amount I had opted is 2.6 lakhs and I had received the whole amount. Rate Of Interest they had charged is 12.5% approximately and the pre closure was also informed to me.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • Citibank Personal Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan from CITI bank. I cannot say that I did not face any issues with the bank for my loan process, I got delayed service, I do not know whether it is because of the holiday or not but the process was delayed and they delayed for a week to disburse the loan. In the initial stage they informed some interest rate but later on they increased it. Also I had to follow the bank to get my work done, they were not fast in processing, so every time I followed up with the bank.
      Was this review helpful? 0
      , pune
      Reviewed on May 20, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      CITI bank rate of interest is 11.49%, but the loan process is not upto the mark. I had followed up with them for past four weeks. I kept calling them to check the status of loan, they had delayed from there side stating that I had existing loan running from the same bank and they had some dispute on it and they where saying me to to do the top up the loan last on they said they cannot process they loan which i asked for, Later very next day I received called from them again they said they can process the loan,
      Was this review helpful? 0
      , new delhi
      Reviewed on May 18, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.