The above is an approximate interest rate range for Personal Loans from CITIBANK. Your actual interest rate may vary depending on your financial history, credit score and other parameters
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Frequently Asked Questions
Citibank allows great flexibility in the amount you can borrow from the bank as part of a Personal Loan. Given eligibility, the amount that any individual can apply for ranges from Rs. 1,00,000 to Rs. 30,00,000.
Citibank attempts to transfer the money to a loan seeker within 48hous of the completion of the approval and documentation provided everything is in proper order.
There are two avenues provided by Citibank to pre-pay your Personal Loan including a full and a partial option.
Citibank allows you to pay the outstanding loan amount in full after completion of 6 months of the loan tenure and EMIs. They charge a percentage on the outstanding principal for exercising this option.
Citibank offer the part pre-payment option only if you have paid 12 EMIs without default since availing the loan. The pre-payment amount can be no lower than 2 EMIs and no higher than 5 EMIs. The option is only available once every 12 months
Citibank normally allows you to pay an EMI by the 7th of every month without attracting penalties for late payment.
Yes, top-up facility is available on your Citibank Personal Loan if you do not have a default record
EMI payments start on the first of the subsequent month if the loan has been availed within the first 20 days of the current month. If the Citibank loan has been availed between 21st and 30th then the EMI would be due on the 1st of the month after the next. In all cases the interest is adjusted accordingly.