Citi Bank Personal Services are considered one of the best personal loan services around INDIA. By the help of CITI BANK PERSONAL LOAN you can complete your personal requirements (wedding, education, medical, holiday, home renovation etc). Citi Bank gives you personal loan at lowest interest rate. It takes minimum documentation and 48 hours to approve the loan. What is the point of personal loan if you don’t get it in time?
CITI BANK PERSONAL LOAN ELIGIBILITY CRITERIA
| Age | Minimum 21 years Maximum 65 Years |
| Nationality | INDIAN |
| Employment Status | Employed at least 2 years |
| Employment Type | Salaried |
| Minimum Income | 4000-20,000 /per month (varies) |
| Loan Amount | 70lakhs(depends on your salary) |
| Credit Score | 750 |
| Tenure | Minimum -6 months Maximum- 60 months |
Documents require for CITI BANK PERSONAL LOAN:
- 3 Passport size photographs
- Statement of bank account/pass book for last six months.
- Completed loan application.
- Proof of residence (Electric bill/Telephone bill)
- Proof of identity (Pan Card, Voter ID card, Adhar Card)
- Form16/IT returns for the last two financial years for salaried employees.
Top 5 reasons to get a CITI BANK PERSONAL LOAN:
- Loan funds credited to your account in 48 hours
- You can get loan up to 30lakhs
- Part prepayment option available
- Fixed interest rate for predictable monthly payments
- Balance consolidation for your credit card and personal loan outstanding.
Interest rate of CITI BANK personal loan and other charges of 2018.
| Particulars | Salaried |
| Loan Amount | Minimum-1Lakhs Maximum-30Lakhs |
| Loan Tenure | Maximum-12months Minimum-60months |
| Interest Rate | For loan amount up to Rs.10 lakh: Net monthly salary up to Rs.50, 000: 14.99% p.a. to 16.99% p.a. Net monthly salary between Rs.50, 000 to Rs.1 lakh: 14.25% p.a. to 16.49% p.a. Net monthly salary more than Rs. 1 lakh: 13.49% p.a. to 15.99% p.a. For loan amount from Rs.10 lakh to Rs.14.99 lakh: 12.75% p.a. to 13.99 p.a. For loan amount from Rs.15 lakh to Rs.19.99 lakh: 12.49% p.a. to 13.75% p.a. For loan amount more than Rs.20 lakh: 11.99% p.a. to 13.50% p. |
| Processing Fees | 0.25% to 2.5% Loans above 10lakhs 999/- flat. |
| Lowest EMI | Rs.2, 301 p.m. (Calculated for the minimum loan amount for the longest tenure allowed at the lowest interest rate available). |
| Foreclosure Charges | Upton 3% of outstanding principal. |
| Pre Payment Charges | Available after 12 months. |
| Income Category | Loan quantum | Rate of Interests | Fees |
| Net take income<60k per month | Less than 5lakh | 13.25%-14.25% | 0.99%-2.0% |
| Net take income<60k per month | Between 5 & 10 lac | 12.49% – 13.49% | 0.99%-2.0% |
| Net take income<60k per month | Higher than or equal 10lakhs | 11.75%-12.75% | 0.25%-0.50% |
| Net take home between 60k&100k per month | Less than 5lakhs | 12.99%-13.99% | 0.99%-2.0% |
| Net take home between 60k&100k per month | Between 5 & 10 lac | 11.75%-12.75% | 0.99%-2.0% |
| Net take home between 60k&100k per month | Higher than or equal 10lakhs | 11.24%-12.24% | 0.25%-0.50% |
| NTH>=100K | Less than 10 lakhs | 11.24%-12.24% | 0.99%-2.0% |
| NTH>=100K | Higher than or equal to 10 lakhs | 10.99%-11.99% | 0.25%-0.50% |
