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  • Citibank Credit Card Loan is Rated as "Great!" by 2798 Users

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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.

    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.

    Citibank Credit Card Loan Reviews

    • Citibank Personal Loan
      "Need to improve the communication"
      0.5 2.0/5 "Expected more"
      Actually i have not received the loan on time. Its been 15 days delay happened on the disbursal. I have not received any notification regarding the delay. There is no communication between me and my bank. Due to this i was supposed to sign a documents of other bank loan. Its almost 11.5% as a interest rate.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2018
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been pre-approved loan and the process in getting this loan has been simple and easy. The loan amount whcih they had provided has been sufficient and the interest rate with them has been nominal which was around 11%. There has also been some nominal processing fee with them as well.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 19, 2018
    • Citibank Personal Loan
      "Best loan services"
      0.5 5.0/5 "Blown Away!"
      In February month, i have taken the personal loan. I'vve applied the loan amount of Rs. 10 lakhs and got the same. I have got the interest rate of 10.99% which i'm very much happy about it. They have charged a processing fee of Rs. 2500 which is a fixed one. I pay the EMI of Rs. 22000. I have chosen the tenure period of 60 months. I pay the EMI through ECS.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 18, 2018
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience i had with this loan and the loan amount which they had provided has also been good. The process in getting this loan has been good and they had some good offers with it. There has not been any charges with them and the interest rate with them has been around 17%.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • Citibank Personal Loan
      "Good services"
      0.5 3.0/5 "Satisfactory"
      I have received the loan delayed for 10to 15 days. I have applied the loan amount of Rs. 3 lakhs and i have received the same. I've got the interest rate of 13.5% and i'm not happy about it. They have deducted Rs. 2600 as a processing fee. I have started paying the EMI. I pay the EMI of Rs. 8000. Total tenure period is 4 years. I find difficulty in verification process.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 18, 2018
    • Citibank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a nice experience with CITI bank for personal loan, the process took 20 days to complete. The loan amount was for Rs 6 lacs with nominal interest rate and the tenure period is 5 years. Customer service was good and they followed up on time.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Nov 16, 2018
    • Citibank Personal Loan
      "Very good service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with CITI bank and the experience was good, the process was smooth and i received my loan amount on time. The loan amount was for Rs 1.36 lacs with nominal interest rate and the tenure period for this loan is 1 year.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2018
    • Citibank Personal Loan
      "Good in Need"
      0.5 4.0/5 "Great!"
      I had once applied for personal loan with Citibank . I remember the process was easy and i had got the loan amount sanctioned on time, They were quick in their response and they are comparatively best when compared to other banks. The response is quick in Citi bank
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 16, 2018
    • Citibank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My experience was not good with CITI bank for personal loan, the loan amount was based on my requirement and the rate of interest was very high when compared to others. Customer support was not up to the mark with CITI bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 15, 2018
    • Citibank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have not compared the interest with other banks since I had urge, I have taken a personal loan with CITI BANK. The interest rate was 14% and the processing charge is 1.5%. The loan amount was disbursed within 36 weeks and it was very quick. Every month, I have to pay 22,200 rupees for 3 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 15, 2018
    • Citibank Personal Loan
      "Charges should be reduced"
      0.5 5.0/5 "Blown Away!"
      I took personal loan based on credit card transaction, immediately they have disbursed amount to my account. But interest rate is higher than other bank. I am not happy with preclosure charges. For my first loan I paid Rs.25,000 extra as a processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 13, 2018
    • Citibank Personal Loan
      "Not satisfactory"
      0.5 2.0/5 "Expected more"
      They have not even ready to reduce the interest rate. Through app, i have approached for the personal loan since its an immediate requirement there is no option for a negotiating the interest rate. I have got a loan within a day. I have got the loan amount of Rs. 3 lakhs. The customer care service is not good. They have charged me Rs. 7000 around as a processing fee.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 13, 2018
    • Citibank Personal Loan
      "Its Better"
      0.5 4.0/5 "Great!"
      CITI Bank loan taken long time to process my loan and when I approved for the personal loan they didn't tell about the charges. Finally they debited few amount from the disbursement amount. I am not sure about the charges, I am fine with the loan.
      Was this review helpful? 3
      , chennai
      Reviewed on Nov 05, 2018
    • Citibank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Compared to other bank I got less interest rate in CITI Bank for the personal loan. But they have taken minimal processing fee from the disbursement. The process was easy, the documentation was easy, they collected my papers on time there was no issue.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 05, 2018
    • Citibank Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      Citibank is good in the personal loan process. The customer support and response is good. There are no hassles in getting the loan. The rate of interest is on the higher side and the processing charges too. The overall process is good overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 01, 2018
    • Citibank Personal Loan
      "Best In Need"
      0.5 5.0/5 "Blown Away!"
      The best part here is that if you are in need , Citi bank understands it and you get you loan approved instantly without any delay. My application was processed on time and even the rate of interest are reasonable here. Over all i am pretty much happy the way things moved here.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 01, 2018
    • Citibank Personal Loan
      "Poor services"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with CITI BANK , my experience is too bad with this bank . I am not satisfied with loan amount also . Customer support is not up to the mark and even the service is too bad with this bank . The processing fee is 7000 and it is too high .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 24, 2018
    • Citibank Personal Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      I am using the personal loan with the CITI BANK from last 1.5 years. The experience is very good and the mode of payment is also good with this bank. There is no partial payment to do pre closer apart from that customer support is good also the rate of interest is nominal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 24, 2018
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was completely a good experience i had with them with this personal loan where the loan amount which they had provided had been satisfactory. The interest rate with them has been nominal and there has not been any sort of additional charges which had been made by them. Even their customer support had been helpful as well.
      Was this review helpful? 4
      , pune
      Reviewed on Oct 12, 2018
    • Citibank Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      I had taken my personal loan with CITI BANK , they charge nominal rate of interest and tenure period was 4years . The loan amount is satisfactory with this bank . I ask pretty less loan amount but they gave high so i am happy with that . It has been a smooth banking experience with the CITI BANK in all .
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 07, 2018
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