Apply for Citi Bank Personal Loan Online   4.9 stars, based on 10 reviews

Interest Rate EMI
11.99% - 15.75%


2,224 - 2,419

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 0.5%-2% fee thereafter

Part-Payment Option

Possible after 12th EMI. Minimum part payment to be 2 EMI's and max 5 EMI's. Allowed only once a year.

Max Eligibility: 40,00,000


Increase tenure to reduce EMI/maximize Eligibility.

Interest Rate EMI Processing Fees
11.99% - 15.75%


2,224 - 2,419

(per Lakh)

Citibank Personal Loan Overview

Citibank Personal Loan services are considered as one of the approachable and the most inexpensive ones existing in the service market. This personal loan can be made use to meet financial requirements like medical expenses, education expenses, travel expenses, home renovation expenses, wedding costs or even for a vacation. Citibank offers personal loan at low interest rates for any online applications. All relevant documentation requirements are nominal, and no-collateral is required. Top-up option is made available with all Citi Personal Loans according to your eligibility.

Citibank Personal Loan Details

Institution Type: Bank

Minimum Loan Amount: ₹25,000

Maximum Loan Amount: ₹3,000,000

Minimum Tenure: 6 months

Maximum Tenure: 60 months

APR: 17.99% - 18.99%

Fees & Charges: 2.00% - 3.00% + GST as applicable

Features of Citibank Personal Loan

  • No guarantor required.
  • Conditional pre-closure - after 1 year.
  • Average approval time is within a day.
  • Maximum limit for personal loan amount is ₹3,000,000.
  • Applicant can make use of balance transfer option and can avail top-up loan.
  • Part-payment available and E-approval available.
  • No Part payment fee.

Benefits of Citibank Personal Loan

  • There are 44 branches of Citibank in India for any assistance.
  • Services are offered at door step.
  • Citibank offers schemes and special discounts for employees of big companies.
  • Citibank is rated excellent by customers for its service quality on various websites.
  • This bank has over 46 branches in India for services.

Why should you choose Citibank Personal Loan?

For those looking for exclusive service and exceptional benefits this is the ideal bank. Here you simply have to apply for a personal loan and can get attractive interest rates. It offers special facilities for Citibank account salary holders. If you are in a hurry, this bank can help you get your loan within couple of days.

Other reasons to choose this bank for personal loans are:

  • Document free loan decision.
  • No Income proof.
  • No Address proof (Subject to your current residence and office address is updated in the Citibank account).

How to apply online for Citibank Personal Loan?

Finance Buddha is a personal loan comparison site, and also everyone can apply for a loan with banks directly. In this website you just have to update your details such as current company, take home salary, existing EMI amount, Salary account bank, loan requirement and tenure, and it will auto-calculate the amount that should be paid per each bank’s interest rates, its processing fees, etc. More details are provided below.

To Apply for Personal Loan:

If you want to directly apply for the personal loan, all you need to do is just visit Finance Buddha personal loan tab, give details of loan amount, company name you are employed at, salary account bank name, take home salary and any existing EMI amount. Ever you have worry about high rate of interest in banks or not getting desired loan amount make use of this this website to compare and find the best.

Interest Rates:

As you already know, the interest rates at different banks will be different. Also within the bank the rate can differ from person to person, this is the very reason they give an interest range instead of a particular. As an individual who is looking to apply for a personal, the first thing to be kept is how to apply for a loan with less interest rate. Though it is not at banks discretion, there are few things that a an individual can do to decrease the interest rate; the first one is –having a good CIBIL score: by this the probability of getting a loan faster will increase also with the consideration of past records only less interest will be charged. The lower you score is, the higher will be the interest.

Check Eligibility:

Though not many websites offer such a facility, this is a good option before apply for a loan from bank. Getting rejected from a bank or NBFC is also a factor that can affect your CIBIL, thus applying at many places without knowing the eligibility and CIBIL score is not a great move. At Finance Buddha, you just have to give information about your net take home salary, existing EMI amount and company name. With these your loan eligibility with banks list will be immediately shows, which includes the bank name and maximum amount you are eligible to get a personal loan.

Use Application To Apply:

Through Finance Buddha applying for a personal loan is quite simple, all you need to do is fill the application form available in the site with all credentials and look for the bank options that are available for you. Compare and consider the best one from this and simple apply through Finance Buddha. The concerned bank will contact you directly within and day or two to take the request to the next level.

Citibank Personal Loan Eligibility Criteria Overview




23-58 years

Minimum Income



Minimum 3 years of employment with 1 month in the current company


More than 750

Loan Amount

₹25,000 to ₹3,000,000

Citibank Personal Loan Eligibility Criteria

This is one of the best banks for loan, it does good scrutiny of the documentations and offers loan for genuine applicants.

Age: This factor plays an important role to check your eligibility and payment capacity. Personal loan at Citibank are offered to salaried and self-employed applicants from the age 23 to 58 years

Income: Personal loan eligibility considerably depends upon the income of an individual. Usually banks have a minimum level of income requirement to apply for a personal loan. Citibank looks for minimum monthly net income of ₹25,000

Job stability and Profession: In case you are salaried, you must be in a full time job for at least 3 years of which not less 1 month must be with your current company. Job stability is important to improve your eligibility for personal loan.  In case you are self-employed, you must be in current profession or business for at least 0 years and should preferably own either your office or your place of residence. Other than job stability, profession is also an important factor which can affect your personal loan eligibility. Minimum turnover and minimum net income criteria may apply.  

Credit History: The past CIBIL history and payment records of existing loans of any kind and credit cards has a lot of impact on the personal loan eligibility. Having a poor payment record will affect the probability of getting a loan, on the flip side regular repayment records will increase the personal loan eligibility of an individual. Though Citibank does not specify particular CIBIL score for being eligible, for a personal loan a decent scoring is expected, which is a score of more than 750.

Loan Amount: Citibank gives personal loan subject to your income level. This also offers amount ranging between ₹25,000 to ₹3,000,000. To improve probabilities of the approval, it is good to apply for a personal loan amount that is affordable.

Citibank Personal Loan Documents Required

For Salaried Individuals:

  1. Valid Proof of Applicant's Identity (any one of the following): Voter ID card, passport, pan cad, driving license.
  2. Proof of Residence (any one of the following): Ration card, passport and utility bill.
  3. Proof of Age (any one of the following): Voter ID card, passport, pan cad, driving license
  4. Income Proof: Latest 3 months’ Salary Slips and Form 16.
  5. Job Continuity Proof: Current Employment Certificate or Current Job Appointment letter and Experience Certificate.
  6. Bank Statement: Latest 6 months’ statement from bank.
  7. Investment Proof (if any): Shares, Fixed Deposit, Fixed Assets, etc.
  8. 1 passport size color photograph.
  9. If there are existing loans submit Payment Track Record and sanction letter.

For Self Employed Professionals:

  1. Valid Proof of Applicant's Identity (any one of the following): Voter ID card, passport, pan cad, driving license.
  2. Proof of Residence (any one of the following): Ration card, passport and utility bill.
  3. Proof of Age (any one of the following): Voter ID card, passport, pan cad, driving license.
  4. Office Address: Property document, maintenance bills, utility bills.
  5. Office Ownership Proof: Property Documents, Maintenance Bill, Electricity Bill.
  6. Business Existence Proof: 3 years old Saral Copy, Shop Establishment Act.
  7. Income Proof: Latest 2 years Income Tax Returns including Computation of Income, P&L Account, Balance Sheet.

Citibank Personal Loan Interest Rates, Fees & Charges (updated 16th January, 2019)



Fixed interest rate

17.99% - 18.99%

Loan Amount

Min ₹25,000 and Max ₹3,000,000

Loan Tenure

From 12 months to 60 months

Processing Fee

2.00% - 3.00% + GST as applicable

Prepayment Charges

Allowed after 6 EMI's, borrower can pay between 2 and 5 EMIs at NIL charges

Foreclosure Charges

Allowed after 6 EMI's, 4% prepayment charges applicable

Frequently Asked Questions

How is my loan eligibility calculated by Citibank?

Loan eligibility mainly depends on the company where you work, every bank has a document with list of company for which they are ready to give loan, if yours is one among them then getting loan is not an issue at all.

What is meant by pre-closure?

It is when the borrower wishes to close that entire outstanding amount of loan at one shot. There is no further monthly EMI or other concerns. This is possible with Citibank with up to 6% charges.

How do I get my contact information updated with Citibank?

Just contact bank with the following documents and they will do required changes:

How do I access my account online if I forgot my User ID?

Please select the “Forgot User ID or Password” tab from the Home Page and follow the steps to retrieve your User ID or Internet Password.

What is the maximum tenure of a personal loan?

Personal loan is a short tenure loan. Most of the banks provide you loan for a minimum of one year to a maximum of five years.

What all can I use a Citibank personal Loan for?

Personal Loans from Citibank can be used for anything and everything. There are no restrictions on what it is used for. You could use the amount to finance anything from your child’s marriage to a holiday abroad.

Can I apply for loan, jointly with my spouse?

Yes. It's always a good idea to apply jointly with a co-applicant for a personal loan. This helps you to increase your income eligibility and you can also avail for a larger amount of loan.

What I need to know about Personal Loan?

At Citibank the main factors are eligibility criteria, no security/guarantor, required documents, required interest rates and charges applicable for repayment options.

How to get a Personal Loan fast from Citibank?

Getting a personal loan is cheaper than borrowing on your credit card. Simple apply through Finance Buddha and Citibank will contact you directly.


I've been a customer for a few years, Citibank is always ready to help.


Offers hassle-free service. One of the best banks I have ever got service from


I have been with this bank for 10 years and whenever I needed help they are always at my service


Great interest rates, easy approval, flexible repayments no extra or hidden charges. Great bank for personal loans


The service is excellent; I would highly recommend everyone to try this bank.


I recommend to take personal loan from citibank because the customer service is great and they provide a lot of things


Very easy to deal with the bank, co-operative staffs.


Excellent service, love Citibank.


Online banking system is easy to use, statements are all password protected. Very smooth process.


I wanted to consolidate and applied online for a Citibank loan. It was simple, quick and efficient. I was surprised how quick the response back to me was.