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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    Citibank Credit Card Loan is Rated as "Great!" by 1928 Users

    Fees & Charges

    Promised Interest Rate

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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.

    Apply for Personal Loan
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  • Citibank Credit Card Loan Reviews

    • Citibank Personal Loan
      "Not professional"
      0.5 1.0/5 "Really Bad"
      As a matter of fact, Citibank collected all my documents and after which they did not process my personal loan request and did not get back to me as well. It was not a very good experience as they were not very much professional. Not too sure on the interest rate and processing charges too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Citibank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I haven't proceed with Citibank personal loan, because of their interest rate and I got the best interest rate with SBI. The customer service and the response is good with Citibank. The rate of interest need to be reduced with Citibank. I would say CITI bank gave average service.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
    • Citibank Personal Loan
      "Good but needs improvement"
      0.5 5.0/5 "Blown Away!"
      I haven't got the loan from Citibank, because of the procedural delay, so that was the reason I haven't choose Citibank. The customer service sand the response need to be quick with Citbank, The rates are best with Citi as per the market. The rate of interest is low when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
    • Citibank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have informed the Citibank executive that I need 10.5 % interest rate but they were not ready to offer the loan with the low rate of interest, so that was the reason I haven't got the personal loan with Citibank . The customer service and the response is really good with Citibank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2017
    • Citibank Personal Loan
      "Need to be customer centric"
      0.5 3.0/5 "Satisfactory"
      I have approached Citibank for my personal loan but there interest rate is too high when compared with others and they don't have 5years of tenure for the loan. The tenure time is very low so that was the reason I haven't got the personal loan with CITIBANK. The response was good with Citibank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 18, 2017
    • Citibank Personal Loan
      "Its Average"
      0.5 1.0/5 "Really Bad"
      I got en number of calls from CITI Bank, many executives contacted me and asked about the same information but none gave me correct information about the loan. They were not clear in their process, finally I got a mail from them stating my loan application has been closed.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 13, 2017
    • Citibank Personal Loan
      "Looking out for the better service"
      0.5 1.0/5 "Really Bad"
      CITI haven't responded at all for four to five days on loan request, due to emergency I went for the personal loan. But they didn't give any response . That is the disappointed part, then I got the loan from other financial institute. Being world class bank I didn't expect this from CITI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      My personal loan is under progress with Citi bank. Actually I approached Indusind bank for the loan, but Indusind did not process my application because they said that my company is not a listed one. But Citi bank accepted my application and they are doing really well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      When I applied for the personal loan, customer executive from CITI bank did not call me on time I am not happy with their service, because they are not transparent in loan process the loan amount I had applied for 3.5 lakhs. I am not sure when they had called me, over all from my perspective it was not okay.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "High Interest Rate"
      0.5 1.0/5 "Really Bad"
      Citi bank quoted a very high interest rate for the personal loan. I asked the bank to reduce the rate of interest but the bank was not ready and did not convince to reduce the interest rate. Hence I did not take the loan and I had cancelled the application. Response was good at the time when I applied for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "High Interest Rate"
      0.5 5.0/5 "Blown Away!"
      Citi bank provided a good response for the personal loan but the interest rate is bit higher than the other banks in the market. Hence I cancelled my personal loan application. Other than interest rate, I had no issues with the bank for the loan process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      I am planning to take personal loan from CITI bank next month, I am very much satisfied with them. I got a call from bank, I informed their executive to get back next month. CITI bank offered me 11.99% of interest and also they ready to approve the amount 4.5 lakhs. To conclude, I am very much happy with their service.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "High Interest Rate"
      0.5 4.0/5 "Great!"
      Citi bank was not ready to reduce the interest rate to 11% from 12.4%. Actually I was asking them to provide the personal loan with the interest rate of 11%. But since I am not comfortable with the interest rate, I did not continue with the loan process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      HDFC gave me 11% of interest but Citi was offering 12.49% of interest for the personal loan, I asked CITI to reduce the rate of interest but they denied to reversed as per their norms. Therefore I gone with HDFC, but CITI service is good they have called and explained about the process on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      I felt CITI interest rate was high compared to other competitor, CITI gave me 11.9% of interest on personal loan product. CITI bank have responded well on loan process, I don't have any issues with them but I can't compromise with their interest rate hence I dropped it.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 11, 2017
    • Citibank Personal Loan
      "Customer support needs to be improved"
      0.5 2.0/5 "Expected more"
      Citibank didn't give any kind of response in concern to my personal loan application. The rate of interest is high with CITIBANK, when compared with other banks, The customer service and the response need to be improved with Citibank. The Citibank needs to give proper response to the customers in future.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 11, 2017
    • Citibank Personal Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      CITI bank loan processing time was not as per my requirement, they informed me around four to five days to process and one more problem I was in out of station they asked me to stay in mumbai to provide documents. It was main concern, that I am unable to process with them.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 11, 2017
    • Citibank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I preferred Citi bank for the personal loan and I applied with them for the loan. But I dropped the plan due to some reason. I may take the loan in the future if required. But the time when I applied for the loan, I had received good response from the bank for my loan application.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 11, 2017
    • Citibank Personal Loan
      "Its very good"
      0.5 4.0/5 "Great!"
      When I applied for the personal loan, I discussed the same with my family. They advised me not to process now, hence I have dropped the plan, but there was no issue from CITI Bank. They are quite responsible on time they called and explained about the loan process in detail.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 11, 2017
    • Citibank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I got a better offer than Citibank with axis bank, so that was the reason I haven't proceed with Citibank personal loan application. The customer service and the response was average with Citibank. The rate of interest is nominal but the processing fee and the fore closure charges are high. The service which was given by Citibank was average.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 11, 2017
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