Multiple banks. Different interest rates. Call it a "conflict of interest".
  •  Loading your search... Loading your search...
  • Citibank Credit Card Loan is Rated as "Great!" by 2506 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Citibank has processed my personal loan on time and the customer services are excellent. The process was very convenient and the loan amount disbursed is also good. There are no hassles and I am very much happy with the banking services as they have always been perfect.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2017
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from Citi bank, my loan application was closed becausei have taken the personal loan from other bank. The customer service was good and i liked the ways they responded, they followed up on time. The only issue was the rate of interest which is high when compared to other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with CITI bank the service was very good with CITI bank but I was not required with the loan service currently they quoted me with a better interest rate and the customer service was also good it was totally a good experience with CITI for my personal loan service.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was been eight months I using the personal loan service from CITI bank they offered me a loan amount of 1.82 lakhs. The customer service was good compare to others they offered me a interest rate of 13.49 which was fine compare to others it was a good experience with CITI bank for my personal loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Disappointed service"
      0.5 3.0/5 "Satisfactory"
      I have given all the details to the Citibank , but I haven't got any response from Citibank in regards to my personal loan application and I got disappointed with their bank service. The rate of interest and the charges are low with Citibank when compare with others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Citibank never gave any call in regards to my personal loan application, The rate of interest which was offered by Citibank was low when compared with others, The response part need to be improved with Citibank. The follow up need to be focused with Citibank
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from Citi bank, my loan application was approved and the requested amount was disbursed. The experience was very nice and my loan amount was approved within a week. Customer service was very good and they responded on time. No documents were required as i already hold a salary account with this bank. The process was very smooth and easy. Rate of interest of 12.24% is best rate in the market.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Needs to improve"
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from Citi bank, my loan application was closed because there was an issue with my CIBIL score. When it comes to customer service, they just called once and there was no further follow up done, they did not respond. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Zero response"
      0.5 1.0/5 "Really Bad"
      Citibank has not contacted me for the personal loan. It has not been a good experience as I got no response from the bank to acknowledge my details. I have no information on the interest rate and charges. It would be better if the bank contacted the customer in time of need.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 17, 2017
    • Citibank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with CITI bank was good, they provided door step service for the collection of documents, the process was very smooth and easy. Customer service was best and they responded well. The loan amount was for Rs 2 lakhs with the rate of interest of 12.00% which was the best rate in the market.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 16, 2017
    • Citibank Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      When I have applied personal loan from Citibank I haven't got any call back from Citibank, in regards to my personal loan application. The rate of interest which Citibank was offered was average when compared with others. The response part needs to be improved with Citibank.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 16, 2017
    • Citibank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      CITI personal loan service was good they did not ask for any documents there was no proper response from CITI also they were some personal issue, so I was unable to proceed further with my loan process. It was totally an average service from CITI for my personal loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2017
    • Citibank Personal Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      The customer service was not good at all no one contacted me from the bank side not even once they called . I never got any information about the loan process . I did not expect that form the bank side . I am really disappointed with the experience i had with CITI Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2017
    • Citibank Personal Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      It was a good customer service from the CITI Bank as , for a personal loan i applied . The bank was not giving a full approval they only providing me 75 to 80% of the amount i asked , so i canceled the application from my side . The bank informed me everything i wanted to know for the loan process . Rest everything was good only from the bank side .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Citibank Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      It was not a good service from CITI bank for my personal loan service there was no proper response with CITI bank I feel CITI use to improve their response some more and the documents have been collected directly from my door step ,I am not happy with CITI personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Citibank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The interest rate offered by CITI bank for my personal loan service the documents have been collected directly but there was no proper response from CITI but the customer service was good it was totally a good experience with CITI for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have already closed the personal loan with the CITI bank and the interest rate is good one for me. The loan amount got disbursed within immediate basis. I would like to say that the processing charges were on higher end when it comes to CITI Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2017
    • Citibank Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      It was good experience with CITI for my personal loan but I feel they need to improve their service some more but the process has to improve and the interest rate they offered me was fine compare to others in the market it was totally a good experience with CITI for my personal loan service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2017
    • Citibank Personal Loan
      "poor response"
      0.5 2.0/5 "Expected more"
      I have applied for a personal loan from CITI Bank. I did not got any response from the bank end. I have waited for a call back from there end and i dont know the exact reason why they haven't contacted me. Thus my personal loan application with CITI bank got closed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2017
    • Citibank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have applied for a personal loan with CITI Bank. The executive who contacted me informed me that i am working with a non listed company and they could not able to process my application. I was not satisfied as they could have check whether, I am a salary holder or not as they had given me the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 13, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.