About Citi Bank Personal Loan

Citibank India is a private sector Indian bank headquartered in Mumbai. The Indian arm is the subsidiary of Citigroup, a well-established multinational financial services corporation that has its headquarters in New York, United States. Citibank is well-known in the marketplace for offering a wide range of financial lending, core banking and wealth advisory services to Indian customers. The bank currently operates 35 full-service branches across 19 Indian cities and has more than 500 ATMs all over India. It currently employs more than 12,000 people in the country.

Citibank personal loan is known to be amongst the most affordable and friendliest personal loan offer in the market today. You can use the availed loan amount for any financial requirement like home renovation, travel expense, medical expense, education expense, wedding costs etc. Following are more details related to Citibank personal loan eligibility criteria, features and pertinent charges for salaried and self-employed professionals.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

When it comes to the Citibank personal loan eligibility criteria, you can apply for this product if you are a salaried person, a self-employed professional (SEP) or even a self-employed nonprofessional (SENP). In case of salaried individuals, they should have a minimum take-home salary of INR 3 lakh per annum. On the other hand, self-employed professionals might be extended this loan even if their annual take-home income is less than INR 3 lakh. The minimum and maximum age limits are 23 years and 60 respectively for salaried people (except for min. 25 years in case of category B salaried individuals). Self-employed individuals must be minimum 25 years and maximum 65 years in age. All pertinent and updated Citibank personal loan eligibility criteria have been detailed below.

18 – 65 years

Age (Min – Max)

₹ 4k – 65k

Minimum Income (Metro Cities)

₹ 4k – 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

₹ 4k – 65k

Minimum Income (Metro Cities)

₹ 4k – 65k

Minimum Income (Other Cities)

₹ 4k – 65k

Minimum Income (Doctors/ Chartered Accountants)

₹ 4k – 65k

Minimum Income (Company Secretary / Architect)

₹ 4k – 65k

Minimum Income Self Employed (Businessman)

Citi Bank Personal Loan Features / Details

You can avail a Citibank personal loan of INR 1 lakh to a maximum of INR 30 lakh, depending upon your profile. The approved funds are usually made available within 48 hours after submitting the required documents. Citibank offers flexible repayment options and you can choose to repay your loan anywhere from 12 to 60 months. The offered interest rate is fixed in nature, ensuring that the EMI stays the same throughout the loan’s tenure. Availing this personal loan is a breeze for Citibank Suvidha Customers as they just need to login and send an online application. Citibank also offers a 24/7 customer support for any loan related inquiries. More details on Citibank personal loan features can be found below.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

₹ 25k – 50Lacs

Loan Amount (Min – Max)

Citi Bank Personal Loan Fees / Charges

Citibank personal loan involves a booking fee of 2.5% of the sanctioned loan amount, which is deducted at the time of disbursement. Other pertinent charges like late payment fee, pre-closure charges, stamp duty, amortization schedule charges etc. might come into application depending upon the situation. You can learn about the exact and updated Citibank personal loan charges below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

₹ 2000

Part Payment Processing Fees