Citibank Personal Loan

Citibank Personal Loan Fees and Charges 

Loan Amount Minimum: Rs.25,000  Maximum: Rs.30 lakh 
Tenure 6 months to 60 months 
Interest Rate 10.50% to 17.99% 
Processing Fees 0.50% - 3.00%

 

Citibank Interest Rates for Salaried Individuals  

Income Loan Amount Interest Rate Processing Fee
Less than Rs.60,000 per month (net take home salary) Less than Rs.5 lakh 13.50% to 14.50% 0.99% to 2% 
Rs.5 lakh to Rs.10 lakh 12.75% to 13.75% 0.99% to 2% 
Rs.10 lakh and above 11.75% to 12.75% 0.25% to 0.50% 
Rs.60,000 to Rs.1 lakh per month (net take home salary) Less than Rs.5 lakh 13.25% to 14.25% 0.99% to 2% 
Rs.5 lakh to Rs.10 lakh 12% to 13% 0.99% to 2% 
Rs.10 lakh and above 11.24% to 12.24% 0.25% to 0.50% 
Rs.1 lakh and above per month (net take home salary) Less than Rs.10 lakh 11.24% to 12.24% 0.99% to 2% 
Rs.10 lakh and above 10.50% to 11.99% 0.25% to 0.50% 

 

For Self-Employed Individuals (Professionals) 

Income (Gross annual take home salary) Interest Rate Processing Fee 
Less than Rs.10 lakh 17% to 17.99% 2% to 3% 
Rs.10 lakh and above 16% to 16.99% 2% to 3% 

 

For Self-Employed Individuals (Non-professionals) 

Income (Gross annual take home salary) Interest Rate Processing Fee
Less than Rs.10 lakh 17.99% to 18.99% 2% to 3% 
Rs.10 lakh and above 17.49% to 18.49% 2% to 3% 

 

Why Choose Citibank Personal Loan? 

Citibank personal loans can be the best options for a variety of reasons. Here are some of the key features and benefits of Citibank personal loans: 

  • Loan amounts up to Rs.30 lakh 
  • Quick disbursal in just 48 hours 
  • Availability of part pre-payment facility  
  • Attractive interest rates starting from just 10.50% p.a. 
  • Minimal documentation for existing Citibank customers 
  • Flexible repayment options ranging from six months to 60 months 

 

Citibank Personal Loan Eligibility Criteria 

The following are the eligibility criteria for Citibank personal loans: 

Age 23 years to 60 years for salaried individuals, and 25 years to 65 years for self-employed professionals 
Employment Type Salaried or self-employed 
Net Salary Rs.25,000 per month for salaried applicants, and Rs.5 lakh in gross annual receipts for self-employed professionals 


Here are the documents you will have to submit when applying for a personal loan from Citibank:  


Documents Required for Citibank Personal Loan 

Criteria Salaried Individuals Self-employed Individuals 
ID Proof 
  • PAN Card 
  • Aadhaar Card 
  • Driving License 
  • Voter’s ID  
  • Passport 
  • Photographs 
  • PAN Card 
  • Trade License with photograph  
  • Driving License 
  • Voter’s ID  
  • Passport 
  • Photographs 
Address Proof 
  • Driving License 
  • Voter’s ID  
  • Aadhaar Card 
  • Passport 
  • Utility bills from the past 3 months 
  • Ration card 
  • Rent agreement or lease deed or property registration document 
  • Bank account statement for the past 3 months 
  • Latest income tax returns 
  • Driving License 
  • Voter’s ID  
  • Aadhaar Card 
  • Passport 
  • Utility bills from the past 3 months 
  • Ration card 
  • Rent agreement or lease deed or property registration document 
  • Bank account statement for the past 3 months 
  • Latest income tax returns 
Age Proof 
  • Birth Certificate 
  • Passport 
  • School or College Leaving Certificate  
  • PAN Card 
  • Voter’s ID 
  • Company ID 
  • Birth Certificate 
  • Passport 
  • School or College Leaving Certificate  
  • PAN Card 
  • Voter’s ID 
Employment/Business Proof 
  • Letter from employer 
  • Form 16/pay slips 
  • Rent receipts or lease deed 
  • Utility bills 
  • Bank statement for the past 3 years 
  • Ownership document 
Income Proof 
  • Latest salary slips 
  • Bank statement for the past 3 months 
  • Latest Form 16 
  • Profit and Loss account 
  • Income tax returns for the past 2 years 
  • Balance sheet 
  • Bank statement for the past 6 months 
  • Audit report 

 

Citibank Personal Loan Penalties and Charges 

Late Payment Charges Nil 
Preclosure Charges Up to 4% of the overall outstanding amount 
Stamp Duty Depending on prevalent state laws 

Visit Citibank Personal Loan