What are the reasons for which I can take a Citibank personal loan?

Citibank offers personal loans for a variety of reasons such as home renovation, meeting wedding expenses, debt consolidation, travel, etc. However, the regulations set forth by the Reserve Bank of India state that you cannot use the funds for any speculative, unlawful, or antisocial purposes.

How long does it take for my Citibank personal loan application to be approved?

Citibank usually takes a few hours to process your loan application and decide whether it is approved or rejected. However, there could be situations where the bank may require more information before the application is processed and that may take a couple of working days.

When will the EMI payments for my Citibank personal loan start?

In case you apply for a Citibank personal loan in March ${currentYear}, the first EMI will have to be paid on 1st May, ${currentYear}. The commencement of EMI payments starts during the second succeeding month from the month in which the loan was taken.

Who can take a Citibank personal loan?

Citibank offers personal loans to salaried employees, business owners, and self-employed professionals. Customers of Citibank with a Branch, Suvidha, or a Mortgage relationship also qualify for a Citibank personal loan.

How do I pre-pay my Citibank personal loan?

Customers have two options when it comes to pre-paying their Citibank personal loans - Partial pre-payment and Full pre-payment. When you go in for a full pre-payment, the entire outstanding amount will have to be repaid in one shot. Partial pre-payment, on the other hand, will mean that you will be partially repaying some of the outstanding amount. Call the bank's 24x7 helpline in order to make partial or full pre-payment.

Does the bank levy any late payment charges?

The due date to pay your EMIs towards your Citibank personal loan is the 7th day of each month. However, Citibank does not levy any late payment charges.

Are there any eligibility criteria for partial pre-payment?

In order for you to be eligible for partial pre-payment, you will have to have paid your EMIs for a minimum of 12 months, and your pre-payment amount must be equivalent to at least two EMIs and a maximum of five EMIs.

How to check CitiBank personal loan status?

To know the status of your Citibank personal personal loan application , you can go directly to the bank branch and meet the officer-in-charge. Apart from that, you can call on 1860 210 2484 to learn about the status.

How to contact CitiBank personal loan customer care?

You can contact the customer care executives of Citibank by calling on 1860 210 2484. In case, you are calling from outside India, you can dial 022 - 4955 2484. In addition to this, you can also write to the head of customer care for any unresolved query or concern.

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Citibank Personal Loan

Effective 1 March 2023, CitiBank has merged with Axis Bank. Citibank offers personal loans between Rs.50,000 and Rs.30 lakh at interest rates starting from just 10.75% p.a. The maximum repayment tenure of the loan can extend up to 60 months, and the processing fee charged can be up to 3% of the loan amount.

Citibank Personal Loan Fees and Charges

Loan Amount	Up to Rs.30 lakh
Tenure	12 months to 60 months
Interest Rate	10.75% p.a. - 16.49% p.a.
Processing Fees	Up to 3.00%

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Citibank Interest Rates for Salaried Individuals

Income	Loan Amount	Up to 4 years	More than 4 years	Processing Fee
Less than Rs.60,000 per month (net take home salary)	Less than Rs.5 lakh	12.99% p.a. - 13.99% p.a.	13.24% p.a. - 14.24% p.a.	0.99% - 2.0%
	Rs.5 lakh to Rs.10 lakh	11.99% p.a. - 12.99% p.a.	12.24% p.a. - 13.24% p.a.	0.99% - 2.0%
	Rs.10 lakh and above	10.99% p.a. - 11.99% p.a.	11.24% p.a. - 12.24% p.a.	0.50% - 0.99%
Rs.60,000 to Rs.1 lakh per month (net take home salary)	Less than Rs.5 lakh	12.25% p.a. - 13.25% p.a.	12.50% p.a. - 13.50% p.a.	0.99% - 2.0%
	Rs.5 lakh to Rs.10 lak	11.50% p.a. - 12.50% p.a.	11.75% p.a.- 12.75% p.a.	0.99% - 2.0%
	Rs.10 lakh and above	10.75% p.a. - 11.50% p.a.	10.75% p.a.- 11.75% p.a.	0.50% - 0.99%
Rs.1 lakh and above per month (net take home salary)	Less than Rs.10 lakh	10.75% p.a. - 11.50% p.a.	10.75% p.a. - 11.75% p.a.	0.99% - 2.0%
Rs.1 lakh and above per month (net take home salary)	Rs.10 lakh and above	10.75% p.a. - 11.50% p.a.	10.75% p.a. - 11.75% p.a.	0.50% - 0.99%

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Citibank Instant Personal Loans

Interest Rate - 10.75% - 14.99%

Processing Fee - Up to 1.50%

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 10.75% 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	The applicant should be above the age of 18 years. For more information contact an official from CitiBank.
Employment Type	Salaried or self-employed
Net Salary	Contact bank for more information.

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Documents Required for Citibank Personal Loan

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

CriteriaCriteria	CriteriaSalaried Individuals	CriteriaSelf-employed Individuals	CriteriaFor expats
ID Proof	PAN Card Aadhaar Card Driving License Voter's ID Passport Photographs Job card issued by NREGA and duly signed by an authorised State Government official National population register Aadhaar	PAN Card Trade License with photograph Driving License Voter's ID Passport Photographs Job card issued by NREGA and duly signed by an authorised State Government official National population register Aadhaar	Valid VISA Valid passport
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 Job card issued by NREGA and duly signed by an authorised State Government official National population register Aadhaar	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 Job card issued by NREGA and duly signed by an authorised State Government official National population register Aadhaar	Valid Passport Valid VISA Documents issued by Government departments of foreign jurisdictions Letter issued by Foreign Embassy or Mission in India
Age Proof	Birth Certificate Passport School or College Leaving Certificate PAN Card Voter's ID Company ID Job card issued by NREGA and duly signed by an authorised State Government official National population register Aadhaar	Birth Certificate Passport School or College Leaving Certificate PAN Card Voter's ID Job card issued by NREGA and duly signed by an authorised State Government official National population register Aadhaar
Employment/Business Proof	Letter from employer Form 16/pay slips HR check by designated source from CPA	Rent receipts or lease deed Utility bills Bank statement for the past 3 years Ownership document Tax returns from the same city
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 3 months Audit report for 1 year

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

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FAQ on Citibank Personal Loan

What are the reasons for which I can take a Citibank personal loan?
Citibank offers personal loans for a variety of reasons such as home renovation, meeting wedding expenses, debt consolidation, travel, etc. However, the regulations set forth by the Reserve Bank of India state that you cannot use the funds for any speculative, unlawful, or antisocial purposes.
How long does it take for my Citibank personal loan application to be approved?
Citibank usually takes a few hours to process your loan application and decide whether it is approved or rejected. However, there could be situations where the bank may require more information before the application is processed and that may take a couple of working days.
When will the EMI payments for my Citibank personal loan start?
In case you apply for a Citibank personal loan in March ${currentYear}, the first EMI will have to be paid on 1st May, ${currentYear}. The commencement of EMI payments starts during the second succeeding month from the month in which the loan was taken.
Who can take a Citibank personal loan?
Citibank offers personal loans to salaried employees, business owners, and self-employed professionals. Customers of Citibank with a Branch, Suvidha, or a Mortgage relationship also qualify for a Citibank personal loan.
How do I pre-pay my Citibank personal loan?
Customers have two options when it comes to pre-paying their Citibank personal loans - Partial pre-payment and Full pre-payment. When you go in for a full pre-payment, the entire outstanding amount will have to be repaid in one shot. Partial pre-payment, on the other hand, will mean that you will be partially repaying some of the outstanding amount. Call the bank's 24x7 helpline in order to make partial or full pre-payment.
Does the bank levy any late payment charges?
The due date to pay your EMIs towards your Citibank personal loan is the 7th day of each month. However, Citibank does not levy any late payment charges.
Are there any eligibility criteria for partial pre-payment?
In order for you to be eligible for partial pre-payment, you will have to have paid your EMIs for a minimum of 12 months, and your pre-payment amount must be equivalent to at least two EMIs and a maximum of five EMIs.
How to check CitiBank personal loan status?
To know the status of your Citibank personal personal loan application, you can go directly to the bank branch and meet the officer-in-charge. Apart from that, you can call on 1860 210 2484 to learn about the status.
How to contact CitiBank personal loan customer care?
You can contact the customer care executives of Citibank by calling on 1860 210 2484. In case, you are calling from outside India, you can dial 022 - 4955 2484. In addition to this, you can also write to the head of customer care for any unresolved query or concern.

Important Personal Loan Pages

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

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