As the pandemic is still going on, a lot of people are having financial troubles. Some have to pay a medical bill; some have to pay the rent, etc. If you are facing such a problem, CITIBANK Personal loan could help you out.
To get this loan, you need to know its details. Let’s begin with the essentials first.
- CITIBANK personal loan is offered from Rs 10,000 to Rs 30 lakhs.
- The interest rate starts at 9.99% per annum.
- The loan tenure is up to 5 years.
- The processing fee is up to 3% of the loan amount sanctioned.
- The foreclosure charge is up to 4% of the loan amount.
- The booking fee is up to3% of the approved loan amount.
- The loan pre-closure charge is up to 4% of the total principal outstanding loan amount.
- There are no late payment charges.
What are the CITIBANK personal loan eligibility criteria?
- CITIBANK personal loan is offered to salaried individuals and self-employed professionals.
- The person’s age should be between 23 year and 60 years.
- The income should be at least Rs 25,000 monthly for a salaried individual.
- For self—employed, it should be Rs 5 lakhs in gross annually minimum.
CITIBANK Personal loan EMI Calculator
Many borrowers want to know what is going to be monthly EMI before they apply. To figure out, you can use the CITIBANK personal loan EMI Calculator. Open the calculator enter these details
- The loan amount
- The interest rate
- The loan tenure
The calculator automatically calculates it. It shows the monthly EMI , the interest payable, and the total amount you will have to pay.
Documents Requirement for CITIBANK Personal loan
- Identity proof – PAN card, Aadhaar Card, Driver’s Licence, Passport, Voter’s ID card, etc.
- Residence proof – Utility bill, Driving License, electricity bill: passport, Voter’s ID card, Letter from Employer.
- Passport size photographs
- Proof of Income – Salary Slip not older than 3 months, Bank statement for the last 3months
- Proof of age – Passport, Driving License, Voter ID card, Job card
- ITR for 1 year
- Computation of Income schedule
- Latest Form 16
- Continuity of Business- Lease Deed, Ownership Document
Why you choose CITIBANK personal loan?
- The loan amount is offered up to Rs 30 lakhs, which is enough for any emergency financial requirements.
- After you have submitted the loan documents, the loan could be disbursed within 2 working days.
- The loan tenure is flexible and more extended up to 5 years.
- You can use the CITIBANK Personal loan EMI calculator to determine how much EMI will not affect your monthly expenses.
- Once you have taken a loan, CITIBANK makes it easy to get additional funds quickly.
- CITIBANK personal loan offers both full and part-payment options depending upon your preference.
Comparing CITIBANK personal loan with other lenders
| Criteria | Citibank | Axis Bank | HDFC Bank | ICICI Bank | Yes Bank |
| Rate of interest | 9.99% onwards | 12-24% | 10.75-21.30% | 11.25-22.00% | 10.75% onwards |
| Loan amount | Up to Rs. 30 lakh | Rs. 15 lakh | Upto Rs. 40 lakh | Upto Rs. 20 lakh | Up to Rs. 40 lakh |
| Loan Tenure | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months |
| Processing Fee | Upto 3% | Upto 2% o | Upto 2.50% | Upto 2.25% | Upto 2.5% |
How to apply personal loan from CITIBANK ?
To apply personal loan from CITIBANK you can head to it’s website or visit the nearby branch. The other easy way is to apply via an online financial marketplace such as Afinoz.com. Here the platform will take care of everything to make sure you get the loan easily without any issue.
Conclusion
CITIBANK Personal loan is offered with a high loan amount with competitive interest rate. You could get it easily too. Overall it is a good deal for someone who need money urgently.
Finance Adda 