Citibank Personal Loan: Interest Rates, Eligibility, How to Apply

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.
https://www.online.citibank.co.in/products-services/loans/ready-cash-personal-loan-form.htm

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