Citibank

Applying for Citibank Personal Loan Online is quite easy and also, it is available at a rate of interest starting from 9.99% p.a. only. Besides, it has a flexible tenure of up to 5 years to repay a loan amount that can range up to Rs. 30 lakh depending on the eligibility of the applicant. …

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Applying for Citibank Personal Loan Online is quite easy and also, it is available at a rate of interest starting from 9.99% p.a. only. Besides, it has a flexible tenure of up to 5 years to repay a loan amount that can range up to Rs. 30 lakh depending on the eligibility of the applicant. Not only that, the loan has multiple attractive features as follows.

Attractive Features that you can avail while applying for Citibank Personal Loan Online

  • Availability of high loan quantum.
  • Long repayment tenure is available.
  • If you are applying for Instant Citibank Personal Loan Online, they get approved within a few hours.
  • Apply Instant Citibank Personal Loan Online and get access to the fund within 2 days.
  • Affordable rates of interest starting from 9.99% p.a.
  • Citibank customers will need minimal documentation while applying for Citibank Personal Loan Online.
  • Conditional preclosure and part-payment facilities are available.
  • Top-up loan is offered by the bank.
  • Balance consolidation personal loan is available.

Criteria to Apply Instant Citibank Personal Loan Online

Available Loan Quantum Rs. 10,000 to Rs. 30 lakh
Available Repayment Tenure 3 months to 60 months
Rate of Interest 9.99% to 16.49%
Processing Fee 0.50% to 3% on the sanctioned loan amount
Stamp Duty According to the Stamp Act of the state
Late Payment Charges 4% on the outstanding principal

 

Citibank Personal Loan Interest Criteria

The rate of interest on Citibank Personal Loan will depend on the net monthly income of the applicant.

Net Monthly Salary Rate of Interest (p.a.)
<Rs. 60,000 10.99% onwards
>= Rs. 60,000 <Rs. 10 lac 10.50% onwards
>= Rs. 1 lakh 9.99% onwards

However, the other eligibility components and tenure of the loan will also help to decide the suitable rate of interest on the available loan amount.

The Pre-closure and Part-payment Facilities While Applying for Citibank Personal Loan Online

Citibank offers the part-payment facility only after the successful payment of the first 12 instalments. Part-payments are not chargeable, but it has a condition. The part-payment amount can’t be lower than 2 months’ total EMI or higher than 5 months’ total EMI. The EMI amount after availing of the part-payment facility will be intimated by the bank.

On the contrary, pre-payment is chargeable and a borrower can avail of the facility only after the successful payments of the first 6 EMIs. 4% fees will be charged on the outstanding principal amount at the time of full and final settlement.

The Top-Up Loan and The Balance Consolidated Loan Facilities

Citibank offers a top-up to the existing borrowers of personal loans to manage any additional financial requirement. On the other hand, the balance consolidated loan is offered to the existing borrowers to repay their existing credit card debt and personal loans with other lenders. A borrower can consolidate the amount and get the balance consolidated loan at a more flexible and lower rate of interest.

Eligibility Criteria to Apply Instant Citibank Personal Loan Online

Salaried individuals, self-employed professionals, and business owners can apply for the Citibank Personal Loan Online, and the eligibility criteria are mentioned below.

Age of the Applicant 21 years to 60 years
Income Requirements Minimum Rs. 25,000 per month

Minimum Rs. 5 lakh (gross) for other than salaried individuals

 

Documents Required To Apply Instant Citibank Personal Loan Online

The following documents will be required to apply for Citibank Personal Loan Online and proceed with the loan application.

Criteria Required Documents
For Identity Passport size photograph

PAN Card

Aadhaar Card

Voter’s ID Card

Driving License

Passport

For Age Passport

Birth Certificate

School Leaving Certificate

For Address Passport

Voter’s ID Card

Driving License

Letter from Employer

For Income Recent Salary Slips of 3 months

Bank Statements of 3 months

Recent Form-16

For Employment Length Form-16

Prior Payslips

Letter from Employer

 

process Apply Instant Citi Bank Personal Loan Online

Go to Roopya’s website and search for Citibank Personal Loan. Check the eligibility criteria, and use the EMI calculator to calculate the EMI. Now put details on the required fields. Then proceed with uploading the documents. Then you’ve to wait for a few hours for the approval. After the approval, a representative will collect the copies of the required documents, and your loan will be processed and credited into your account within 2 days.

FAQs on Citibank Personal Loan

  1. What should be the reason to apply for Citibank Personal Loan Online?

Citibank Personal Loan can be used to fulfill multiple financial requirements regardless of their nature. So, you can state or avoid informing the reason for taking such a loan.

  1. When does the commencement of EMI payment start?

The commencement of EMI payment will start from the succeeding month of the loan sanctioned and the probable due date can be on the first week of that month.

  1. How much time does it take to approve my Citibank Personal Loan Application?

The e-approval will take a few hours and the disbursement can take up to 48 hours.

  1. What should be my profession to apply for the Citibank Personal Loan Online?

You should be a salaried individual, self-employed professional, or a business person to take Citibank Personal Loan.

  1. What are the eligibility criteria for partial pre-payment?

To avail of the part-payment facility, you have to successfully pay the first 12 EMIs of your Citibank Personal Loan.

  1. Does the bank charge any fees on late payments?

No, Citibank doesn’t charge any late fees on the late payments.

  1. How can I check the status of my Citibank Personal Loan?

You can either visit the nearest branch of Citibank or can call on 1860 210 2484 to know about the status of your Citibank Personal Loan application.

  1. How can I contact the customer care division of Citibank after applying for Citibank Personal Loan Online?

To contact the customer care division of Citibank you can call on 1860 210 2484, and if you reside outside India, then you can dial 022-4955 2484.

  1. What is the way to pre-pay my Citibank Personal Loan?

To avail of the pre-payment facility, you have to call on 1860 210 2484 within 9 am to 7 pm except for Sundays and national holidays.

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