•  Loading your search... Loading your search...
  • Citibank Credit Card Loan is Rated as "Great!" by 2700 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Citi bank, the process was good I received the amount on time, I received the whole amount of Rs. 2,00,000 that I applied for. I only found that interest rate was a bit high as compared to others, or else there is no other issues with the bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2018
    • Citibank Personal Loan
      "Quick and easy process"
      0.5 4.0/5 "Great!"
      It was a good process with Citibank for the personal loan. I got the loan within one week. The rate of interest was of 10.99% and there was also a nominal processing fee. The customer services and response is good and I got the loan as needed too.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 22, 2018
    • Citibank Personal Loan
      "Good and satisfactory"
      0.5 5.0/5 "Blown Away!"
      It was a good at Citibank for the personal loan. The process is good and the documents was collected on time. The bank disbursed the loan as per my requirement. I am currently not sure on the interest rate and processing charges. So I would not rate them on the same.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • Citibank Personal Loan
      "Good. Can do better"
      0.5 3.0/5 "Satisfactory"
      The process at Citibank was okay but when I spoke to the executive I was told that the personal loan will be five in two to three days and I was on time to submit my documents. But the list of documents required was not informed to me clearly and I had to repeatedly submit my paper work.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 22, 2018
    • Citibank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached CITI bank for my personal loan . Their interest rate was very high so I have canceled and taken with HDFC bank. I was looking for 8 lakhs and the interest rate was 15.85% which si very high . The customer service and responses was good.
      Was this review helpful? 0
      , pune
      Reviewed on May 20, 2018
    • Citibank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached CITI bank for my personal loan but their interest rate was very high so i have canceled here and taken with ICICI bank.I was looking fir 4 lakhs and the interest rate was 12.24% which is very high . I am satisfied with the customer service and responses.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan almost seven years back for my personal use. The services which they have provided had been good. It was a paperless approval and i had submitted the documents online and it was an easy and smooth process. The rate of interest was nominal and also the loan amount was satisfactory.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2018
    • Citibank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached CITI bank for my personal loan .I have just enquired about the loan and i did not submit the documents . The loan amount i was looking for was 7 lakhs ad the interest rate is 14.49% which is very high so I have canceled the request. I am not satisfied the customer service and responses.,
      Was this review helpful? 0
      , new delhi
      Reviewed on May 17, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The service was good from the Citibank in regards to my personal loan application. I have got the loan amount within a week time. The customer support service and the response is good from the Citibank. The rate of interest and the charges are average here.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 16, 2018
    • Citibank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Citibank. The customer services and response was prompt. The process is good and on time and the loan amount I received was as needed. The rate of interest was of 10.99% and the processing fee is minimal. Satisfactory overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 14, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have tried getting the personal loan from the Citibank. I have got better loan amount with the good interest rate so that was the reason I have cancelled the personal loan application with Citibank . The customer support service and the response is good with the Citibank and they gave me good approach in regards to my personal loan.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on May 14, 2018
    • Citibank Personal Loan
      "Interest was high"
      0.5 4.5/5 "Excellent!"
      I had taken a personal loan from CITI bank and the approved loan amount was 2 lakhs.The interest was 15% which was very high. The monthly EMI is 8000 for 3 years. But i have close the loan by part payment. There was no part payment charges with CITI.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 13, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I was in need of a personal loan for which i have applied, where i had a nice experience with them. It was a good response that they had given for my application. Even the rate of interest which they where offering during that time was very minimum compared to the other banks which was available in the market.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 12, 2018
    • Citibank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      The personal loan at Citibank was not up to the mark. After collecting the documents they have informed me that their bank is not available in my area. The bank needs to be more flexible. Not sure on the rate of interest and processing charges.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 12, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have chosen this particular institution since because of the interest rate which they were offering was very low during that particular time. The whole process was even good with them where i did not faced any hassles. From the customer service team there has been frequent calls and follow ups. I have applied for the loan for the marriage purpose.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 12, 2018
    • Citibank Personal Loan
      "Citi bank personal loan"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with CITI but it has got rejected since they need the local address proof and at the time of submitting my application. I had an out standing balance on my credit card. So i could not able to proceed further with my personal loan application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 11, 2018
    • Citibank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The interest rate with this personal loan was quite good and comfortable. When i was having the conversation with the customer service executive of the bank, but there was no follow ups from their side. It was not satisfactory experience overall.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 11, 2018
    • Citibank Personal Loan
      "No response"
      0.5 3.0/5 "Satisfactory"
      It has not been a very good experience with Citibank. I had applied for a personal loan. It was a complete zero response and I was not informed the details as well as to why the loan was closed. I only got a SMS that it is declined. No paper work was collected.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 11, 2018
    • Citibank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Citibank and I just got one call informing me that the application has been submitted. After which the verification did not happen and there was no information as to why the loan got declined. Not sure on the interest rate and charges.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 11, 2018
    • Citibank Personal Loan
      "Need to be clear in the process"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Citibank. It has not been a good experience. Though I provided all the documents, the loan was not processed. I was also not given a valid reason as to why I could not get the loan. I am not sure on the interest rate and processing charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 10, 2018
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.