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Home > Compare Personal loan Banks > Citibank Personal Loan

CitiBank Personal loan gets you benefits like minimal documentation and speedy loan approval. Be it a wedding or an emergency medical bill, Citi bank Personal loan can be available to you whenever you need it .

Compare Personal Loan| Interest Rates | Eligibility

Professional Details
Loan Amount:
Occupation:
Annual Income:
City:
Citibank® Personal Loan Benefits
• Loan amount up to Rs.30,00,000*
• Loan funds credited to your bank account in 48 hours^
• Fixed interest rate for predictable monthly payments
• Part pre-payment option available##
• Balance consolidation for your Credit Card and Personal Loan outstanding#

Features :

Minimum Loan Amount Rs.1,00,000
Maximum Loan Amount Rs.30,00,000
Minimum Duration 12 months
Maximum Duration 60 months
Interest Rate As applicable at the time of signing the loan agreement
Interest Calculation Loan outstanding x ROI% x (Number of days in a month/ 365 days)
[ROI = Rate of Interest]
Booking Fee* Up to 2.5% of the loan amount sanctioned; deductible from the loan amount at the time of disbursal.
Cheque/ ECS/ SI Bounce Charges*
[ECS: Electronic Clearing Service | SI: Standing Instructions]
Rs.250
Late Payment Charges* All EMIs are presented on the first working day of each month. Delay in the payment of your EMI will attract an additional interest of 2% p.a. above the prevalent rate upon the outstanding balance of the Loan.
[EMI: Equated Monthly Installments]
For a fuller understanding of the topic, please refer the FAQs.
Loan Pre-closure Charges* 3% on total principal outstanding at the time of calculating the amount for full and final settlement of account; plus, interest for the ongoing month.
For a fuller understanding of the pre-closure process, please refer the FAQs.
Statement Copy on Request Rs.500
Stamp Duty Applicable on the Loan Agreement and charged according to the prevalent State Laws.
*Fees and Charges will attract Service Tax and other Government Taxes & Levies as applicable.
Additional Information: 1. Service Terms and conditions 2. Loan Agreement

CAT A Corporate Employees

Net Take Home Salary (Monthly) Applicable Interest Rate
Rs. 20,000-Rs.40,000 14.25% p.a. - 15.00% p.a.
Rs. 40,000-Rs.80,000 14.00% p.a. - 14.75% p.a.
Rs. 80,000 and above 13.75% p.a. -14.25% p.a.

CAT B Corporate Employees

Net Take Home Salary (Monthly) Applicable Interest Rate
Rs. 20,000-Rs.40,000 15.00% p.a. - 15.75% p.a.
Rs. 40,000-Rs.80,000 14.75% p.a. - 15.50% p.a.
Rs. 80,000 and above 14.50% p.a. - 15.00% p.a.

Self Employed Applicants

Applicable Interest Rate 15.25% p.a. - 17.00% p.a.
Terms and conditions apply. Issuance of loan is at the sole discretion of Citibank, N A. Citibank reserves the right to ask for any additional documents from the applicant.
*The final loan amount, interest rate and loan tenure applicable will be subject to eligibility, per Citibank's credit processing criteria.
^Timelines mentioned include only working days. Timelines mentioned would commence once the entire documentation as per Citibank's requirements are submitted by the applicant.
#Customer can consolidate balance of a maximum of 2 Credit Cards and 2 Personal Loans. Customer can avail a debt consolidation loan of up to Rs.15 Lakh. The final loan amount and interest rate applicable will be subject to eligibility, as per Citibank's credit processing criteria.
##Partial pre-payment is allowed after 12 months of loan tenure. Customer can exercise this only once a year. Customer needs to pay in multiple of EMIs. Part pre-payment amount can be only up to 5 months EMI amount and minimum of 2 month EMI amount. For the exact amount, customer needs to call CitiPhone.

Note: The above pricing grid is subject to periodic review. The final pricing, while remaining within the range mentioned above, will be based on your income, loan amount, loan tenure, Citibank's internal credit parameters and the applicable rates at the specific time.
 
ICICI Personal Loan
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