CITI Bank Personal Loan Details

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
AgeMinimum 21 years
Maximum 65 Years
NationalityINDIAN
Employment StatusEmployed at least 2 years
Employment TypeSalaried
Minimum Income4000-20,000 /per month (varies)
Loan Amount70lakhs(depends on your salary)
Credit Score750
TenureMinimum -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.

ParticularsSalaried
Loan AmountMinimum-1Lakhs
Maximum-30Lakhs
Loan TenureMaximum-12months
Minimum-60months
Interest RateFor 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 Fees0.25% to 2.5% Loans above 10lakhs 999/- flat.
Lowest EMIRs.2, 301 p.m. (Calculated for the minimum loan amount for the longest tenure allowed at the lowest interest rate available).
Foreclosure ChargesUpton 3% of outstanding principal.
Pre Payment ChargesAvailable after 12 months.
Income CategoryLoan quantumRate of InterestsFees
Net take income<60k per monthLess than 5lakh    13.25%-14.25%0.99%-2.0%
Net take income<60k per monthBetween 5 & 10 lac12.49% – 13.49%0.99%-2.0%
Net take income<60k per monthHigher than or equal 10lakhs     11.75%-12.75%0.25%-0.50%
Net take home between 60k&100k per monthLess than 5lakhs        12.99%-13.99%0.99%-2.0%
Net take home between 60k&100k per monthBetween 5 & 10 lac    11.75%-12.75%0.99%-2.0%
Net take home between 60k&100k per monthHigher than or equal 10lakhs    11.24%-12.24%0.25%-0.50%
NTH>=100KLess than 10 lakhs  11.24%-12.24%0.99%-2.0%
NTH>=100KHigher than or equal to 10 lakhs10.99%-11.99%0.25%-0.50%
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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 - 60 months*

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