Citibank Se Personal Loan Kaise Le: Citibank offers personal loans up to Rs 30 lakh at an interest rate of 9.99% per annum. Processing fee is charged for a maximum repayment tenure of 60 months and up to 3% of the sanctioned loan amount.
Citibank Personal Loan Details
|loan amount||50,000 to 30 lakh rupees|
|Rate of interest||9.99% to 16%|
|repayment period||12 to 60 months|
|Possibly Minimum EMI||2,124 per lakh|
|processing fee||Up to 2% of the sanctioned loan amount + GST|
|prepayment fee||Up to 4% of the total outstanding principal|
|age required||23 to 60 years|
Features of Citibank Personal Loan
The features of Citibank Personal Loan are explained in detail below:-
Loan Amount: You can get a minimum of Rs 50,000 and a maximum of Rs 30 lakh as a personal loan.
Processing Fee : Up to 2-3% of the sanctioned loan amount + GST is applicable.
Interest Rate: The Citibank Personal Loan interest rates vary from 10.50% to 13.99% p.a. For salaried applicants, 9.99% to 14.99% p.a., and 16% for Buy Now Pay Later plan
Repayment Tenure: The loan can be repaid in a tenor ranging from 12 months to 60 months as per your convenience.
Expected minimum EMI: Rs 2,124 per lakh.
Benefits of Citibank Personal Loan
- competitive interest rate
- no guarantor needed
- less paperwork
- longer repayment period
Documents Required for Citibank Personal Loan
Important documents to be submitted while applying for personal loan from Citibank:-
- Well filled application form
- 3 passport size photographs
- Identity Proof (Photocopy of Voter ID Card / Passport / Driving License / IT PAN Card)
- Address proof (photo copy of recent telephone bill / electricity bill)
- Bank account/passbook details for the last six months
- Form 16/IT Return for the last two financial years for salaried employees
- IT returns for three years for self-employed professionals
Types of Citibank Personal Loan
Citibank offers the following loans to meet your financial needs:-
Buy Now Pay Later
Under this scheme, you can shop online and pay later with EMI on your debit card.
- Use Debit Card EMI to pay for your online purchases above Rs 10,000.
- No paperwork is involved.
- Zero processing fee.
- One can choose flexible EMI options of 3, 6, 9 or 12 months to repay the loan.
Citi Quick Cash Credit Card Loan
If you are a Citibank Credit Card member, you are pre-approved for a Citi Quick Cash Credit Card Loan, also known as a Citi Credit Card ‘Loan on Phone (LOP)’ or ‘Citibank Paylight’. Under this loan, the cash is instantly credited into a linked Citi account. For other bank accounts, the amount will be credited by the next business day.
- Loan amount up to or above your credit limit gets approved instantly.
- Loan is sanctioned instantly with zero documentation.
- Flexible tenure from 6 to 48 months.
- No paperwork is required.
- The loan can be availed instantly through Citi Mobile App or Citibank Online.
Citibank Ready Credit
As the name suggests, Citibank Ready Credit Citibank facility is a pre-approved instant cash line facility for salary account holders.
- The customer can get an instant loan up to Rs 5 lakh.
- You can pay whenever you want, and interest is charged only on the amount used.
- No fixed EMI as you can choose what and when to pay.
- No foreclosure fee.
Eligibility Criteria for Citibank Personal Loan
Following are the personal loan eligibility criteria:-
- Salaried individuals, self-employed professionals and business owners can apply.
- Minimum age is 23 years for salaried and 25 years for self-employed.
- The maximum age limit is 60 years for salaried and 65 years for self-employed.
- Minimum income is Rs 25,000 per month for salaried and 5 lakhs annual income for self-employed.
- The minimum work experience required is 3 years.
Citibank Personal Loan Customer Care
Citibank customer care phone number is available on 1860 210 2484 (Local call charges applicable) pan India.
For queries outside India, contact number +91 22 4955 2484
You can also contact Citibank online by clicking on Ask Me on the official website or by contacting the nearest branch.
Call: +91 44 28501242. (Monday – Saturday from 10:00 am to 6:00 pm)
To apply for Citibank Personal Loan online, go to the link given below and fill your details.