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Citibank

Citibank, the bearer of Worlds best Bank Award 2015, was established in the year 1902. The bank with its rich presence globally is operated and supported by 4000 branches and 20,000 ATM’s in 42 countries across the globe. Citibank remains the most preferable banker to 45,000 micro and macro sized companies in India. City India is reported to have achieved a Profit After Tax (PAT) of Rupees 2,893 Crores for the financial year of 2014.

Citibank believes in growth along with innovation, with this zeal the bank has been able to pioneer in various fields including ITES financial services. It is the first bank to cater for banking services to NRI by providing them a dedicated platform focusing on the unique banking. The bank is first of its kind to offer round the clock tele banking, internet banking, SMS alert services, SMART banking branch, fully integrated and certified mobile payment solution in India.

Citibank is a bank of choice for many of us. The range of services offered by bank include:

Personal Banking: SME banking: Corporate Banking:
Citigold Private Client, Citigold,
Citi Priority, Citibank Account,
Citibank Expatriate, Citibank Suvidha
Citi Commercial Bank,
Citi Business
Cash Management,
Trade solutions,
Loans, Markets

Citibank is committed to serve its clients from various walks of life helping them to grow financially in a secure and trustworthy manner.

Citibank offers wide range of services which includes:

• Personal Loan
• Loan on credit card
• Loan against securities
• Loans for commercial vehicles and Construction Equipment
• Home Loan
• Loan against property
• Top up on existing loan

The bank has been successfully contributing towards nation’s economical growth for over a century by meeting wealth management needs of various clients both personally and commercially and standing true to Citibank’s Value Preposition – A mission of enabling growth and progress.

Eligible Profiles & Products

Eligible Profile Products
Salaried Personal Loan
Home Loan
Loan Against Property
Self Employed Personal Loan
Home Loan

Eligibility and Documents for Salaried

Products Documents list Eligibility criteria and locations
Personal Loan
  1. Salary slips of last 3 months
  2. Latest 3 months salary account bank statement
  3. Employee ID card and visiting card
  4. Appointment letter / Form 16 / 1 year old salary slip of current employer
  5. Appointment letter / Form 16 / Promotion letters/ transfer / confirmation letters / previous salary slip of previous employer
  6. Passport / Voters ID card / Driving license / PAN card
  7. Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR /Admin sign)
  8. Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)

• Cat A: Corporate employees net salary should be 80,000/- or more
• Cat B: Corporate employee net salary should be 60,000/- or more
• Cat C: Employee net salary should be 45,000/- or more

Location for PL: Delhi/NCR, Mumbai, Hyderabad, Bangalore,
Chennai, Thane, Ahmedabad, Pune, Kolkata Aurangabad,
Baroda, Chandigarh, Cochin, Coimbatore, Gandhinagar,
Ludhiana, Madurai, Mandi, Gobindgarh, Indore, Jaipur,
Jalandhar, Jamnagar, Jamshedpur, Jodhpur, Kanpur,
Karnal, Khanna, Kolhapur, Kota, Ludhiana, Madurai,
Mangalore, Mohali, Mysore, Nagpur, Nasik, Panchkula,
Panipat, Patna, Rajkot, Ranchi, Trichi,
Trivandrum, Vijayawada and Yamunanagar.

Home Loan
  1. Salary slips of last 3 months
  2. Latest 3 months salary account bank statement
  3. Employee ID card and visiting card
  4. Appointment letter / Form 16 / 1 year old salary slip of current employer
  5. Appointment letter / Form 16 / Promotion letters/ transfer / confirmation letters / previous salary slip of previous employer
  6. Passport / Voters ID card / Driving license / PAN card
  7. Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR /Admin sign)
  8. Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)

• You should be atleast 23 years old and should have work experience of 2 years.

Location for HL: Delhi/NCR, Mumbai, Hyderabad, Bangalore,
Chennai, Thane, Ahmedabad, Pune, Kolkata Aurangabad, Baroda,
Chandigarh, Cochin, Coimbatore, Gandhinagar, Ludhiana, Madurai,
Mandi, Gobindgarh, Indore, Jaipur, Jalandhar, Jamnagar,
Jamshedpur, Jodhpur, Kanpur, Karnal, Khanna, Kolhapur, Kota,
Ludhiana, Madurai, Mangalore, Mohali, Mysore, Nagpur, Nasik,
Panchkula, Panipat, Patna, Rajkot, Ranchi, Trichi, Trivandrum,
Vijayawada and Yamunanagar

Loan Against Property
  1. Salary slips of last 3 months
  2. Latest 3 months salary account bank statement
  3. Employee ID card and visiting card
  4. Appointment letter / Form 16 / 1 year old salary slip of current employer
  5. Appointment letter / Form 16 / Promotion letters/ transfer / confirmation letters / previous salary slip of previous employer
  6. Passport / Voters ID card / Driving license / PAN card
  7. Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR /Admin sign)
  8. Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)

The property against which the Loan can be availed can be based
on any of these following locations- Ahmedabad, Bangalore,
Chennai, Delhi / NCR, Hyderabad, Jaipur, Kolkata, Mumbai,
Pune, Coimbatore, Chandigarh and Surat.

Fees and Charges for Salaried

Products Fees and Charges
Personal Loan 1. Interest Rates for Cat A Corporate employees: 14.25%p.a to 15% (depending on your net take home salary)
2. Interest Rates for Cat B Corporate employees: 15.25%p.a to 15.50% (depending on your net take home salary)
3. Interest Rates for Cat C Corporate employees: 16%p.a to 18% (depending on your net take home salary)
4. Booking fees: Up to 2.5% of the loan amount sanctioned; deductible from the loan amount at the time of disbursal.
5. Chq / ECS Bounce Charges: Rs. 250/-
Home Loan 1. Interest rate for loan amount upto 25 lacs ranges from 9.85% p.a. to 10.35% p.a.
2. Booking fees: Up to 0.40% of the loan amount sanctioned; deductible from the loan amount at the time of disbursal.
3. Chq / ECS Bounce Charges: Rs. 500/-

FAQs for Salaried

1. How much of loan amount can I borrow from citi bank?
Depending on your income and other financial commitments loan amount ranges from 1 lacs to 30 lacs
2. What can I borrow money for?
Personal loan can be used for any purpose such as home improvements , wedding plan, family trip , to meet some other expenses etc.
3. How much time it takes to process my loan?
It takes 48 hours or 2 working days for approval and documentation completion. This amount will be electronically transferred to your bank account.
4. Are there any fees for booking my loan?
Yes , once your personal loan is sanctioned , fees of upto 2.5%of the sanctioned amount will be deducted from your from your disbursed amount.

Eligibility and Documents for Self Employed

Products Documents list Eligibility criteria and locations
Personal Loan
  1. Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)
  2. Passport / Driving license / Ration card / Latest mobile bill /Passport / Voters ID card / Driving license / PAN card
  3. Latest 6 months salary account bank statement
  4. Income proof from your business.

• You should be a resident of India You should be minimum 25 years old.
• You should have a regular self.
• Interest Rates for Self Employed : 16% to 20%.
• Booking fees: Up to 2.5% of the loan amount sanctioned; deductible from the loan amount
at the time of disbursal.
• Chq / ECS Bounce Charges: Rs. 250/-

Home Loan
  1. Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)
  2. Passport / Driving license / Ration card / Latest mobile bill /Passport / Voters ID card / Driving license / PAN card
  3. Latest 6 months salary account bank statement
  4. Income proof from your business.

You should be at least 23 years old and should have work experience of 2 years .

FAQs for Self Employed

1. What is the minimum loan amount I can get?

You can avail home loans from 5 lacs to 10 crore.

2. What is the Maximum tenure?

The maximum repayment tenure is 25 years , which varies subject to banks discretion.

3. What is the maximum Loan to Value (LTV) that I can avail?

It is purely based on the valuation of your property. You can avail a loan of 80% of your property value.

4. Do I get a top up loan for my existing loan?

Yes, if you have successfully completed your repayments for more than 6 months, bank offers you a top up loan subject to banks discretion.

5. Can is pre close my home loan?

Yes, Part payment n pre foreclosure facilities are available with us.