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 .
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#
Minimum Loan Amount
Maximum Loan Amount
As applicable at the time of signing the loan agreement
Loan outstanding x ROI% x (Number of days in a month/ 365 days)
[ROI = Rate of Interest]
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]
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
Applicable on the Loan Agreement and charged according to the prevalent State Laws.
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.
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