Citibank Personal Loan Interest Rates vary from 9.99% to 16% p.a., depending on the net take home income of the applicant, loan amount, tenure of repayment, and type of loan.
Below are the details rates of interest for various personal loan schemes offered by the Citibank:
Salaried Applicants
Net Take Home Income | ROI/ Tenure | Processing Fee | ||
Loan Amount (for Salaried) | Up to 4 Years | Above 4 Years | ||
Below Rs. 60,000 | Below Rs. 5 Lakhs | 12.99% - 13.99% | 13.24% - 14.24% | 0.99% - 2% |
Equal to & above Rs. 5 Lakhs to Rs. 10 Lakhs | 11.99% - 12.99% | 12.24% - 13.24% | 0.99% - 2% | |
Equal to & above Rs. 10 Lakhs | 10.99% - 11.99% | 11.24% - 12.24% | 0.50% - 0.99% | |
Equal to & above Rs. 60,000 to Rs. 1 Lakh | Below Rs. 5 Lakhs | 12.25% - 13.25% | 12.50% - 13.50% | 0.99% - 2% |
Equal to & above Rs. 5 Lakhs to Rs. 10 Lakhs | 11.50% - 12.50% | 11.75% - 12.75% | 0.99% - 2% | |
Equal to & above Rs. 10 Lakhs | 10.50% - 11.50% | 10.75% - 11.75% | 0.50% - 0.99% | |
Equal to & above Rs. 1 Lakh | Below Rs. 10 Lakhs | 10.50% - 11.50% | 10.75% - 11.75% | 0.99% - 2% |
Equal to & above Rs. 10 Lakhs | 10.50% - 11.50% | 10.75% - 11.75% | 0.50% - 0.99% |
Loan Type | ROI | Processing Fee |
Instant Personal Loan | 9.99% - 12.99% | Up to 2% |
Buy Now Pay Later | 16% | Nil |
Citibank Personal Loan has many other charges apart from the interest rate, such as:
Interest Rate | 9.99% to 16% p.a. |
Processing Fee | Up to 2% + GST |
Loan Tenure | 12 to 60 months |
Lowest EMI Per Lakh | Rs. 2,124 Per Lakh |
Prepayment Charges | Up to 4% of outstanding principal + GST |
Loan amount | Rs. 10,000 to Rs. 30 Lakhs |
Turnaround Time for Disbursal | 48 hours |
Interest rates on any Personal Loan depend on parameters like loan amount, tenure and on the repayment capacity of the borrower and their relationship with the lender. Interest rate offered by Citibank depends on factors as listed below:
Lender | Interest Rate |
Citibank Personal Loan | 9.99% - 16% |
Axis Bank Personal Loan | 12% - 24% |
SBI Personal Loan | 9.60% - 15.65%
|
HDFC Bank Personal Loan | 10.75% - 21.30% |
IDFC First Bank Personal Loan | 9.20% - 38% |
You can approach Citibank for an additional loan as a top-up to your existing loan. Citibank offers top-up loans at interest rates that are similar to that of the existing loan. Citibank, however, evaluates your repayment behaviour and track record on the existing loan before approving the top-up loan. If you have a good repayment track record, Citibank provides you such top-up loans. Currently, the interest rates on top-up loans at Citibank start from 9.99%.
MyMoneyMantra is a sales and distribution partner for Citibank in offering Personal Loans to individuals, MyMoneyMantra is a user-friendly online lending marketplace that explains the loan application process and allows you to apply for a Personal Loan online. Once you apply for a Citibank Personal Loan online after filling your relevant details, Citibank's representatives will get in touch with you instantly to further process the loan and take things forward.
MyMoneyMantra offers free advisory service that assigns you a Personal Loan advisor who makes sure that your application at Citibank is processed quickly and you get Personal Loans at the best interest rates.
MyMoneyMantra allows you to compare the interest rates and the terms and conditions of all banks and NBFCs on its website before you choose any one option. Applying for Citibank Personal Loans With The Lowest Interest Rates is easy and instant with MyMoneyMantra.
Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.99% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.
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Citibank takes 48 hours in disbursing the loan amount into your account after approval.
Attractive interest rates, online process, customer service support, EMI starting at Rs. 2,174 per Lakh, top-up facility, and balance transfer are some factors that make Citibank Personal Loan attractive.
Citibank personal loans rates range between 9.99% and 16% on Personal Loans. However, from time to time there are some special offers for salary account holders of Citibank who get interest rates that are comparatively lower than that for other customers.
Citibank loan EMIs begin from as low as Rs. 2,124 per Lakh
Citibank offers flexible tenures for Personal Loans ranging between 6 months to 60 months.
Citibank Personal Loan amounts begin at a minimum amount of Rs. 1 Lakh to a maximum amount of Rs. 30 Lakhs.
Citibank charges a non-refundable processing fee of up to 2% of the loan amount plus applicable GST.
Yes, age is an important factor to get a Personal Loan from Citibank. You should be at least 23 years old at the time of loan application and a maximum of 60 years old at loan maturity time.
Existing Citibank customers can visit the Citibank website, log in with user ID and password and then place a Personal Loan request directly online. Existing customers can also send an SMS to Citibank so that an executive can contact them.
A non-Citibank Personal Loan applicant can visit Citibank website and click "Click 4 Call" button, submit your contact details. You will receive a call back from a Citibank executive instantly.
You can also visit MyMoneyMantra for applying for a Citibank Personal Loan online. The website is very intuitive and easy to use that helps you apply for a personal quickly with minimal documentation.
Every month during the tenure of the loan, Citibank sends out a statement to the customer's registered address stating the EMIs paid and the outstanding balance. You can also check outstanding loan balance and other details by logging in to the Citibank website using your net banking user id and IPIN provided during the time of loan disbursement.
If your financial needs have changed and you need a higher loan amount, you can apply for a top-up on the existing Personal Loan. This option can help you meet your changing financial needs with ease. However, you cannot make any changes to the existing Citibank Personal Loan.
Yes, Citibank offers a loan foreclosure option after payment of at least 12 EMIs.
EMIs are deducted from your bank account every month on a specified date. In case of delayed payments, Citibank charges a penalty on the overdue amount. You may also incur bank charges for ECS failure. It is advisable that you do not fail to pay EMIs on time. It can negatively affect your CIBIL score and can reduce the chances of getting a loan in the future.