Citi Bank

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 10.99% p.a. to 18.99 % p.a.

Eligibility Criteria

  • Minimum 23 years of age and maximum 65 years
  • Loan period from 1 years to 5 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 1.00 % to 3.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Citi Bank

Citi Bank is a well known private-sector bank. Citi bank offering Personal loans apart from core banking, financial lending and wealth advisory service. Citibank personal loans come with a number of benefits including minimal documentation and quick loan approval, making. Personal loans from Citibank do not require any guarantor or collateral security. Loan borrowers are free to use the funds availed from Citibank personal loan.

Your Eligibility depends on following


You should be minimum 23 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Choose longer tenure of loan period maximum upto 5 years
Make your spouse as co applicant , her/his income will also be added in eligibility
EMIs of other loans loweryour eligibility
Choose maximum amount for loan

Rate of Interest and Other Charges for Personal Loan are following

Rate Of Interest:

Sno.

Loan Type

Interest Rate

1

Personal Loan (Floating)

10.99 % to 18.99 % p.a.

Existing Loan take over or New Loan

Here are some points for this:

  • The bank provides the facility of EMI calculatorwhich calculates the EMIs payable depending on the amount of loan availed and the tenure. So before applying for a loan.
  • Being a Citibank Suvidha customer entitles you avail extra benefits and privileges.
  • The Citibank offers personal loans with unique facility of consolidating the outstanding balance of the credit card and personal loan.
  • Existing customers of the bank can sign in their online accounts and apply for the Citibank Personal loans.

Features of Loan

 The features of Citibank Personal Loan are as follows:

  • Citibank Personal Loan can be availed for up to 30 lakhs and the approval is made within 48 hours of application.
  • Once all the necessary documentsare submitted to the bank, the loan sanctioning process takes only 2 days or 48 hours to be complete.
  • Interest rates are competitive with special offers and rates for existing accountholders of the bank. Individuals who already have a Savings or Current Account.
  • The borrower can repay Citibank Personal loan within 12-60 months.
  • The Citibank offers personal loans with the benefit of a fixed EMI amount throughout the loan tenure under the fixed rate of interest scheme.

Documents Required for Citi Bank Personal loan:

Sno.

For salaried individuals

For self-employed individuals

1

Any of the following identity proof:

·         Valid Passport

·         Valid Driving License

·         Voter ID card

·         Aadhar Card

·         PAN card

·         Valid ID Card

·         Overseas Citizen of India Card

·         Person of Indian Origin Card

·         Job Card Issued by NREGA

·         Letters issued by Unique Identification Authority of India

 

Any of the following identity proof:

·         Valid Passport

·         Valid Driving License

·         Voter ID card

·         PAN card

·         Valid ID Card

·         Overseas Citizen of India Card

·         Person of Indian Origin Card

·         Professional License with photograph

·         Trade License with Photograph

·         Valid VISA for Expats

 

2

Residence Proof

·         Valid Passport

·         Valid Driving License

·         Voter ID card

·         Valid ID Card

·         Utility Bill not older than 3 months

·         Ration Card

·         Letter from Employer

·         Lease Deed or Rent agreement

·         Bank statement of last 3 months

·         Mutual fund Statement

·         Overseas Citizen of India Card

·         Person of Indian Origin Card

·         Latest ITR

·         Original Letter form Company

 

Residence proof

·         Valid Passport

·         Valid Driving License

·         Voter ID card

·         Valid ID Card

·         Utility Bill not older than 3 months

·         Ration Card

·         Letter from Employer

·         Lease Deed or Rent agreement

·         Bank statement of last 3 months

·         Mutual fund Statement

·         Overseas Citizen of India Card

·         Person of Indian Origin Card

·         Latest ITR

 

3

Proof of age

·         Birth Certificate

·         School Leaving Certificate

·         Passport

·         Voter card with DOB

·         College Certificate

·         DOB on tax return

·         PAN Card

·         Company ID/HR confirmation

 

Proof of age

·         Birth Certificate

·         School Leaving Certificate

·         Passport

·         Voter card with DOB

·         College Certificate

·         DOB on tax return

·         PAN Card

 

4

Photographs

Photographs

5

Length of employment

·         Letter from employer

·         Old pay slip or Form 16

·         HR checked by designated CPA resource

 

Proof of continuity of business

·         Lease Deed or Rent Receipts

·         Ownership Documents

·         Utility bills

·         Tax returns form same city

·         3 year old bank statements

 

6

Income Proof

·         2 salary slips not more than 3 months old

·         Latest Form 16

·         Last 3 months’ bank statements

 

Income Proof

·         Last 2 years’ ITR

·         Computation of Income Schedule

·         P & L Account

·         Balance sheet

·         Audit report

·         Above reports certified by CA

·         Last 6 months’ bank statements