Citibank is one of the prominent private banks in India. It offers a wide range of financial products. Today, in this short, we will look at Citibank personal loan, which is among the top financial instruments.
If you are seeking a quick personal loan, it is undoubtedly a good choice. However, the essential thing is to know the details, which shall be mentioned below. In addition, it will give a glimpse of what Citibank has to offer as a lender.
Citibank Personal Loan
Citibank personal loan is famous for offering a quick loan without any collateral. It has a competitive interest rate, low charges and a wide presence in India.
Citibank offers a minimum loan amount of Rs 50,000 and a maximum of Rs 30 lakhs.
The interest rate is applicated at the loan signing agreement. Though it starts at 10.50% P.A
The processing fee is up to 3% of the borrowed amount.
The loan tenure is from 3 months to 5 years.
The booking fee is up to 3% of the loan amount sanctioned.
The late payment fee is NIL.
The personal loan pre-closure charge is up to 45 of the total loan amount.
The lowest EMI is Rs 2,174.
What factors will affect your personal loan interest rate?
A longer tenure means a low-interest rate and vice versa.
If you have a good relationship with the bank, there might be a better offer.
The repayment capacity will also affect the Citibank personal loan interest rate.
Your employment and CIBIL score too, play a crucial role.
Citibank Personal Loan Eligibility Criteria
The eligible age requirement is between 21 and 60 years.
The monthly income should be at least Rs 25,000.
The applicant should be a salaried or self-employed professional.
The ideal CIBIL score required is 700.
Citibank Personal Loan Eligibility Calculator
If you want to check the eligibility criteria before applying, use the Citibank personal loan eligibility calculator.
The reason is, the criteria mentioned above is a general one. Depending on the person, it will vary. Thus, by using the eligibility calculator, you could know the eligible loan amount or the interest rate.
To find out the eligibility, go to Afinoz.com. On this website, you could easily use the eligibility calculator.
Required Documents for Citibank Personal Loan
Proof of identity – Aadhar card, PAN card, Driving license, Voter ID card
Proof of resident – Letter from employer, utility bill, electricity bill, Passport
Proof of age – School leaving certificate, Birth certificate, etc
Employment length – Form 16, old payslip
Proof of income – salary slips, bank statement not more than 3 months old
Continuity of business – Lease deed, ownership documents
Income tax returns for the last 2 years, audit report, P& L account
1 year Individual I.T. return
Citibank Personal Loan Customer Care
If you are interested in knowing more about the personal loan product, you can contact customer care on 1860 210 248. For people outside India, the number is +91 22 4955 2484.
How to apply for Citibank personal loan?
If you want to make the applying process easy and quick, you can visit Afinoz.com, an online personal loan website. Start by registering on the app. Then submit the personal & professional details. Lastly, submit the required documents.
A representative will contact you to compete for the process. Meanwhile, you can check the Citibank personal loan status by entering the basic info such as application number and DOB.
Conclusion
There is no doubt Citibank personal loan has offers a fantastic deal on a low-interest rate. The only thing you should check out is your repayment capacity to make sure the loan is repaid is easy without any issue.
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