Citibank Personal Loan Eligibility

Citibank Personal Loan Eligibility

Bank Finance Amount Interest Rate Tenor Processing Fee Advance Part Payment Action
30,00,000 10.99 60 Up to 2.5% YES Check eligibility

Citibank offers leading personal loan products in India. Personal loans can be borrowed by any individual for any purpose be it your wedding, travel, or any emergency that would require funds. You take care of your financial situation immediately with the help of a personal loan. Enlisted below are certain features of Personal Loans offered by Citibank.

  • Loan Amount: Citibank offers personal loans upto Rupees 30,00,000/- for any individual for any purpose. The loan amount that is being offered to Citibank customers depends on the credit score of the personal as well their relation with the bank if the individual is holding a salary account in the bank.
  • Interest Rate: Interest rate for borrowing personal loans at Citibank is 11.49% per annum. The thumb rule to cut down the cost towards your interest rate is to pay higher EMI, if you can afford.
  • Loan Tenure: the bank offers personal loans for maximum loan tenure of 60 months. Therefore, higher the loan amount you borrow higher is your EMI during your loan tenure
  • Processing Fee: the bank charges a processing fee of 2.25% to 3% which is a one-time fee charges by the bank to complete the formalities pertaining your personal loan.
  • Loan Disbursal: it takes around 48 working hours to disburse loan in your account.
  • Fore-closure Charges: the fore-closure charges charged by the bank if you wish to close your loan account at any point of time during your loan tenure is 3% on the outstanding amount.
  • Collateral/Guarantor: There is no need of depositing any collateral or guarantor to avail personal loan at Citibank.

Eligibility to avail Personal Loan at Citibank

  • Personal loans at Citibank can be availed by anyone who is either salaried or self-employed
  • Anyone within the age group of 26 to 60 years is eligible to borrow personal loan at Citibank.
  • All you require is to submit proof of address (Ration Card, Adhaar Card, Voter ID), etc., proof of identity (Voter Card, Pan Card, Adhaar Card, etc) business continuity proof (Form V, Income tax return Certificate, etc.), and proof of income (Letter from the employer, bank statement, Income tax return certificate, etc) at the time of submission of your application form, which can also be filled quite conveniently online.

Where to apply for Citibank Personal Loans?

You can apply for Citibank personal loan online on Letzbank website. Your online application will enable to waive off the service fee. Letzbank has collaboration with various leading banks and financial institutions; to ensure that you get the best personal loan deal. Letzbank also allows you to check your eligibility online with the help of Letzbank EMI calculator where you will be able to foresee your entire loan tenure, your EMI, interest rate and various loan stages that you make a sound financial decision. You can also check your credit score for free at Letzbank website.