Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Citibank Credit Card Loan is Rated as "Great!" by 2599 Users
    Personal Loan BYTES FROM OUR KITCHEN

    Citibank Credit Card Loan

    Apply for Personal 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 Credit Card Loan Reviews

    • Citibank Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with CITI Bank. The loan amount was 5 lakhs and the Interest rate was 11.99% e which is satisfactory . The tenure period was 4 years . The customer service and reposes was up to the mark., They have provide door step service for collecting document,
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 20, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was good experience with Citi Bank on my personal loan. The rate of interest and charges are nominal. The customer service and response was pretty good. They provided a doorstep service for the documentation. The loan disbursement was on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 19, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The customer support service is good with thew Citibank and they have disbursed the loan amount with in 5 days of time. The rate of interest and the charges are nominal with citibank when compared with others. The requested loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • Citibank Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I do have the personal loan with the CITI bank and the rate of interest is around 11% and their customer service is good as well. The loan amount got disbursed within three to four days of time. Responsiveness and other things are really good one with the CITI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The loan process was done within a week time from Citibank. The required loan amount has been disbursed and I am satisfied with it., The customer support service is average with the citibank. The rate of interest is high with the Citibank when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan within a 2 days of time. The customer support was prompt with the Citibank. Their executives came to my place to collect the documents. The required loan amount has been given and I am satisfied with it. The rate of interest and the charges are low when compared with others.
      Was this review helpful? 0
      , noida
      Reviewed on Jan 18, 2018
    • Citibank Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      The Citibank personal loan team was quite professional , they helped me to get the loan as soon as possible , they were prompt in providing response and they were updating about the status of the product ., the required loan amount has been issued on it and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      It was easy process to get a loan with citibank via a channel partner. I got the loan amount within 15 to 20days of time. There was few miscommunication happened from my end so that was the reason for the delay. The rate of interest and the charges are average when compared with other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 16, 2018
    • Citibank Personal Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with CITI bank,they have given a loan amount of 10 lakhs ,rate of interest is nominal as compared to others .The tenure is 5 years.I had submitted documents as well agent has come home and collected documents.Net banking is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 16, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My Personal loan application was approved with CITI bank and it was a better loan experience. The loan amount is for Rs 6.5 lakhs with the rate of interest of 12.49% which is nominal when compared to other banks. The process was smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. The processing fees was 2% which is quite high and the tenure of this loan is 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 15, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My Personal loan application was approved with CITI bank and it was a better loan experience. The loan amount is for Rs 6.5 lakhs with the rate of interest of 12.49% which is nominal when compared to other banks. The process was smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. The processing fees was 2% which is quite high and the tenure of this loan is 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 15, 2018
    • Citibank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved by CITI bank and the experience was good. The process was quick and i received my loan amount within 1 week. Customer service with CITI bank was very good, they provided door step service to collect the documents and their response was on time. They charged very less processing fees, the loan amount was for Rs 5 lakhs with the rate of interest of 12.49% which is nominal rate. The tenure of this loan is 5 years and it was overall a good service from CITI bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 15, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Citi Bank through online channel. They offered a good interest rate. I got 3.2L as a personal loan and it was taken for a duration of 4 years. The customer service and response was good. I am paying monthly 8,600 rupees through ECS.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jan 12, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with CITI bank . The Interest rate was 12.75% which was low than other banks In the market. The customer service and responses was up to the mark. The tenure period was 1 year and the loan process was very good. The processing fee was nominal here. My overall experience was excellent.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 12, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The services are very faster with Citi Bank. The rate of interest was 12.99% which was nominal compared to other banks. They charged processing fee as well. The executive came to the office and collected my documents. There is a locking period for one year after than I can do the fore closure with some charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 11, 2018
    • Citibank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with CITI bank was good, the loan amount was for Rs 2 lakhs with the nominal rate of interest when compared to all other banks. This was a preapproved loan so i got my loan amount within 24 hours. Customer service was good and they responded on time. The tenure of this loan is 2 years and it was a good service overall from CITI bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 10, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from CITI bank and it was a very good loan experience. The loan amount was for Rs 5 lakhs with the rate of interest of 12.25% which is nominal rate. The process was very quick and i received my loan amount within 30 minutes as this was a preapproved loan. Customer service was good and they followed up correctly. The processing fee was nominal and the tenure of this loan is 5 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 10, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with CITI bank. The loan amount was 1.5 lakhs and the Interest rate was 10.99% which is average In the market.The tenure period was 1 year and the loan process was very good. They have provided door step service for collecting document and the loan approved on time. My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 09, 2018
    • Citibank Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      11.99% is the rate of interest with the CITI bank for the personal loan, which I have got. Customer service is good one for me and I am really satisfied with their interest rate. Processing charges are also fine one for me with the CITI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 09, 2018
    • Citibank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have closed the personal loan with the CITI bank and the interest rate was good one with them. I would like to say that the response is good one for me with them. There are no issues with them till now and the processing charges are good too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 09, 2018
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