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  • Citibank Credit Card Loan is Rated as "Great!" by 2636 Users
    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.

    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.

    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 Credit Card Loan Reviews

    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI bank. The loan amount was 7.5 lakhs and the Interest rate was 15% which is average . The customer service and re3sponses was up to the mark . They have provided door step service for collecting documents . My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 23, 2018
    • Citibank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The Citibank personal loan service was good and I have got the required loan amount from the CITIBANK personal loan. The customer support and the response is better with the Citibank and I am satisfied with the Citibank service, I would say I have got better service from the Citi.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have got the personal loan from the citibank around 3 years ago. The customer support service is good with the Citibank and they have disbursed the loan amo9nt within 48 hours of time and I am satisfied with it. The rate of interest and the charges are average with the Citibank when compared with others it is competitive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 22, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Personal loan from CITI bank and the loan experience was very good, the loan amount was for Rs 2 lakhs with the nominal rate of interest. The process was smooth and i received my loan amount on time. The tenure of this loan is 2 years, customer service was good and they responded on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 21, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CITI bank. The loan amount was 1.5 lakhs and the Interest rate was 10-11% which is average . The tenure period was 1 year. The loan process was very good and the processing fee was also nominal. My overall experience was excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan with CITI bank .The loan amount was2 lakhs and the tenure period Interest rate was 12.99% which is average in the market. The tenure of the loan was 3 years . The loan process was good and easy . They have provide door step serve for collecting documents. My overall experience was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 17, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CITI bank. The loan amount was 1.96 lakhs and the Interest rate was 12.99%which is average in the market .The tenure period was 1 year . The loan process was very good and they have sanctioned the loan with the committed time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2018
    • Citibank Personal Loan
      "Very good experience"
      0.5 4.5/5 "Excellent!"
      It was a superb experience with Citi Bank on my personal loan. The rate of interest was 10.89 but I preferred around 10%. They charged me a processing fee around 0.2%. They took 3 to 4 days for the disbursement. The documents are collected at my doorstep.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 14, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest was around 12.75% for the personal loan with the CITI bank and the customer service were good one for me. Processing charges were not sure up to the committed one. Everything is better one for me with the CITI bank personal loan.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Feb 14, 2018
    • Citibank Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      As I hold the salaried account from the CITIBANK, they have approved my personal loan application instantly , it was a hassle free service which I got from the CITIBANK. The required loan amount has been given and I am satisfied with it. The rate of interest and the charges are quite high but I am fine with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 14, 2018
    • Citibank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have got the personal loan from the CITIBANK around 7 years ago, the service which I got from CITIBANK was average.The hidden charges were there, they have increase the loan tenure as well. The transparency is not seen in the process. The rate of interest and the charges were high with the CITIBANK.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 14, 2018
    • Citibank Personal Loan
      "Best"
      0.5 4.5/5 "Excellent!"
      Interest rate was around 12.99% for the personal loan with the CITI bank, which was on higher end for myself. I would like to say that the customer service was good one for me with them. It took around seven days of time to get the loan amount.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 13, 2018
    • Citibank Personal Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan from Citibank earlier. The process was very fast and I got the funds in my account in a days time. This loan was done without any documentation. The rate of interest is very high. It is of 14% and the processing charges are also high.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 09, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with CITI bank,the loan amount is two lakhs,rate of interest is on a diminishing basis.They had deducted processing fees ad foreclosure charges is applicable of 3% from the outstanding principal amount.The tenure is for 24 months.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 09, 2018
    • Citibank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Citi Bank has offered me a good interest rate for the personal loan. They charged minimal processing fee. I have applied for 5L and received the same amount. They have sanctioned the loan on committed time. They provided a doorstep service for documentation.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Feb 08, 2018
    • Citibank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I took my personal loan with Citi Bank through online channel. I am satisfied with the interest rate. The process was immediate and documents are collected at doorstep. I took 1.2L with the tenure period of 1 year. There is no part payment and pre closure option.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Feb 08, 2018
    • Citibank Personal Loan
      "Exception service "
      0.5 5.0/5 "Blown Away!"
      I have got the personal loan with the CITI bank and I have settled everything and the services are good one for me. I would like to say that the response was fine one for me with them. Everything is better one for me with the CITI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 07, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Citi Bank has provided a faster service. I am completely satisfied with the rate of interest and the service. They offered me 10L and EMI duration is 4 years. They have sanctioned the loan on committed time. The executive came to my office and collected the documents.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 07, 2018
    • Citibank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      The personal loan process was good with Citi Bank. They offered a nominal interest rate and compared to others it was low. They charged a processing fee. The executive came to my place and collected the documents. They took a week's time to disburse the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 06, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      The Citibank has approved and disbursed my personal loan amount within 4 days of time. The documentation process was very good with the Citibank . The required loan amount was approved and I am satisfied with it. The rate of interest and the charges are average with the Citibank personal loan services.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 06, 2018
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