Citi Bank Personal Loan

CITI Bank is growing tremendously to be India’s strongest financial institution. Right from helping the SME’s in growing to the effective control of the global cash positions of the top corporations across the world, CITI Bank strives to serve the spectrum of clients to perfection. Citi bank has various products and favourable features that suit every need, budget and taste.

Right from the expenditure required for the dream vacations, higher education, weddings, etc; Citi bank strives to extend personal loan at a very competitive interest rate with minimal documentation facilitating prompt processing of the loan.

Minimum Threshold for Citi Bank Personal Loan
  1. Salaried Individual
    • Minimum Age of the applicant should be 25 years
    • Maximum Age of the applicant at the time of loan maturity should be 60 years.
    • The minimum employment period should be of two years with one year at the present organisation.
    • Minimum Income is a net salary of Rs 20000 per month
  2. Businessman/ Self Employed Individuals
    • Minimum Age of the applicant should be 25 years
    • Maximum Age of the applicant at the time of loan maturity should be 65 years.
    • Minimum Business period should be five years with minimum three years in current business.
    • The Minimum annual income should be Rs 3,00,000 net Profit as per latest IT Return
Documentation for Citi Bank Personal Loan

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation subject to specific requirements. Self Attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Passport Size Photo
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
  4. Appointment letter from the current employer
  5. For Professionals- Qualification Proof, Registration with Professional council etc.
  6. Identity Card and Business Card of the Current Employer
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Citi Bank Personal Loan Interest Rates
Rate of Interest 13 % to 16.5 %
Loan Tenure 1 year to 5 years
Processing Fees 2% of the loan amount + applicable taxes
Foreclosure charges 2-4% of the Loan Outstanding + applicable taxes
Citi Bank Personal Loans – WHY?

Known for flexibility, transparency and accountability Citi framework is very customer oriented. It has always catered to the needs of their customers in a very speedy manner.

Unique Features of Citi Bank Personal Loan
  • The applicant can avail personal loan up to Rs 30,00,000
  • Minimal documentation and quick disbursal in 48 hours
  • Fixed Interest rates predicting an accurate amount to be paid monthly
  • The facility of part prepayment available to the customer.