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Citibank India – Current Personal Loan Interest Rates



Citibank India – Current Personal Loans Interest Rates

New Delhi (Delhi, India), June 05, 2017

Citibank India Cuts Personal Loan Interest Rate to 11.49% Per Annum

The Citibank N.A. India has decreased its personal loan interest rates by 0.10 percent, or 10 basis points with effect from Friday, June 02, 2017.

Citibank India has revised its minimum personal loan interest rate from 11.59 percent to 11.49 percent per annum for Citibank India personal loan applicants.

Citibank N.A. India’s current interest rate cut will reduce the cost of funds for those people who want to avail Citibank India personal loans.

Citibank India – Current Personal Loan Interest Rates for the New Loans

Citibank India Personal Loan Interest Rate:
11.49% to 16.49% Per Annum for Salaried Applicants
15.99% to 18.99% Per Annum for Self-Employed Applicants

Citibank India Personal Loans Rate of Interest is Floating or Fixed:
Fixed Rate of Interest

Citibank India Personal Loan Processing Fee and Documentation Charges:
1.00% to 2.50% of the Personal Loan Amount plus applicable Service Tax and Surcharge

Citibank India Personal Loan Minimum Borrowing Amount:
Minimum Personal Loan Amount is Rs. 100,000

Citibank India Personal Loan Maximum Borrowing Amount:
Maximum Personal Loan Amount is Rs. 30,00,000



Minimum Tenure for the Citibank India Personal Loans:
Minimum Personal Loan Tenure is 12 Months

Maximum Tenure for the Citibank India Personal Loans:
Maximum Personal Loan Tenure is 60 Months

Minimum Net Income Requirement for Availing Citibank India Personal Loans:
Minimum Net Income Required is Rs. 12,000 Per Month

Minimum Age Limit for Getting the Citibank India Personal Loan Sanctioned:
Minimum Age 23 Years at the Time of Personal Loan Commencement

Maximum Age Limit for Getting the Citibank India Personal Loan Sanctioned:
Maximum Age 60 Years for Salaried Applicants and 65 Years for Self-Employed Applicants at the Time of Personal Loan Maturity

Citibank India Personal Loan Pre Closure Charges or Prepayment Penalty:
Prepayment Penalty: Nil Charges or Penalty (Allowed only after 12 EMIs)
Foreclosure Charges: 2% to 4% of Principal Outstanding (Allowed only after 12 EMIs)

Charges for Citibank India Personal Loan EMI Late Payment:
Minimum 2% Per Month of the Citibank India Personal Loan EMI Outstanding Amount plus applicable Service Tax and Surcharge

Citibank India Personal Loan EMI Cheque, SI, or ECS Bounce Charges:
Rs. 500 plus applicable Service Tax and Surcharge

Different Options for Making Citibank India Personal Loan EMI Payments:
The three options for making Loan EMI payments are Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)

Guarantor Requirement for the Citibank India Personal Loan:
No Guarantor is Required

Documents Required for the Citibank India Personal Loan:
(1) Citibank India Filled up Personal Loan Application Form, (2) Two Passport Size Photos, (3) Income Tax PAN Card Cop, (4) Identity Proof – Passport, Driving License, PAN Card, Voter ID Card (Any One), (5) Residential Address Proof, and (6) Income Documents

Citibank India – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of Citibank India


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