When you are looking for a personal loan, your mind goes through several questions. What is the loan amount, can I get a low rate, etc. As a borrower, you want to make sure there is a good deal. So, today we are going to look at essential details of the CITIBANK personal loan.
If you are applying or planning for it, it will be beneficial. But first, let's start with the basics.
CITIBANK Personal Loan Details
CITIBANK offer loan amount up to Rs 30 lakhs.
CITIBANK Personal loan interest rate is between 9.99% and 16.49% per annum.
Tenure is from 1 year to 5 years.
The processing fee is up to 3% of the loan amount.
The booking fee is up to 3%.
The pre-closure fee is 4% of the total outstanding loan amount.
Now, we shall look at some essential questions.
Should you take a CITIBANK Personal loan?
Suppose you are facing an financial issue, in need of a quick and easy money, yes. In that case, the CITIBANK loan could help you. CITIBANK believes in offering an 'Easy to understand' banking process. Thus this thing is easy to get.
Is CITIBANK Personal loan secured or unsecured?
CITIBANK Personal loan is an unsecured loan in which you do not have to offer any collateral to apply.
Will CITIBANK check my credit rating to offer the personal loan?
Yes, CITIBANK Will check your credit rating to assess whether to offer you the loan or not. Along with the information, they will look for the income, financial history, etc. They will also seek credit information agency details such as CIC to find out the borrowing and payment habits.
If they are multiple missed payments in the past, they might not consider your CITIBANK personal loan application. By the way, here are the general eligibility criteria.
You should be a self-employed or salaried individual.
Your age should be between 21 years and 60 years.
Your monthly income should be at least Rs 25,000 per month.
What time does it take CITIBANK to process the loan?
So, the eligibility could be checked in minutes. In hours they could tell you whether you will get the loan or not. And in 2 working days, the loan amount could be disbursed if everything goes alright.
Can you get a top-up with CITIBANK Personal loan?
Yes, CITIBANK personal loan offers a top-up. When you have the first loan, you could get the top-up later. The process is straightforward. Contact the bank person to get the top-up amount.
What documents do I need to submit?
As per your profession, you will need to submit the personal loan documents. However, here are the basic ones.
Identity proof - Aadhar card, PAN Card, Driving license, Voter ID Card
Address proof – Utility bill, electricity bill, telephone bill, water bill
Age proof – Birth certificate, passport, etc
Payslips
Form 16
Salary slips and Bank statement for the last 3 months
Business continuity proof – Lease deed, Ownership document
ITR for the last 1 year
What is CITIBANK Personal loan Customer care Number?
If you want to know more any time, you can contact CITIBANK Personal loan customer care number at 1860 210 2484. If you are calling from outside India, the personal loan customer care number is +91 22 4955 2484.
What is pre-pay process?
You have the option to pre-pay the loan. There are two ways, either full pre-payment or partial, depending upon your situation. You are allowed to do after 12 EMIs are paid.
Conclusion
These are the few questions we have tried to cover about CITIBANK Personal loan. One last thing, to apply, you can visit CITIBANK's official website. Another way is to use an online financial marketplace such as Afinoz.com. Both ways are easy, transparent, and quick to complete.
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