CITIBANK Personal Loan Eligibility Calculator
Citibank is a large multi-national corporation which is a part of the global financial services giant Citi Group. The bank operates across 36 countries across the globe. Citibank India was established in India in the year 1902 and offers a broad range of services including retail and commercial banking, corporate and investment banking, securities, brokerage and wealth management. The bank operates 44 branches across 31 Indian cities and has a network of over 700 ATM’s.
Citibank offers personal loans with simple pricing structure, fast flexible and convenient with full and pre-payment options. The loans are offered with minimal documentation and have a quick approval process. Customers can use the loan for a variety of reasons such as wedding, vacation funding, child’s education, home renovations, medical emergencies, financing an existing loan and so on based n their requirement.
Citibank offer personal loans with attractive interest rates extending from 14.50% to 18.75% which is payable through EMI with repayment choices ECS, AD or PDC. Also the interest rates vary based on the income, your location and your company listing. Loan available upto 30 Lakhs for salaried individuals, which tenures from 12 – 60 months. As personal loans are unsecured loans, they have simpler documentation with no collateral or guarantor requirement. Funds approved within 48 hours post application submission and they offer balance consolidation for outstanding credit cards and loans. Citibank offers complete pre-closure after 6 months and partial pre-closure option after paying 12 months installment .Pre closure charges of 5% on principal outstanding.
Get your Personal Loan from Citibank
Eligibility Criteria for Citibank Personal Loan:
Applicant’s age should be between 21 and 58 years
Should be a salaried individual or salaried professional
Minimum monthly salary of Rs. 20,000
2 years experience in current occupation
1 year residing in current home address
Please have the below documents ready for the quick processing of the loan,
- Application form and your latest photograph
- Proof of identity: Copy of passport/voter ID card/driving license
- Proof of address: Copy of ration card/ Utility Bill (not more than 3 months old) /rental agreement/passport
- Letter from employer, Form 16 and HR check by designated CPA
- Latest salary slip for 3 months, Form 16 and Last 3 months bank statement