Citibank India has decreased its personal loan interest rates by 0.20%, or 20 basis points with effect from Wednesday, February 07, 2018. This interest rate cut will reduce the cost of funds for those people who want to avail Citibank India personal loans.
Citibank India – Current Personal Loans Interest Rates
New Delhi (Delhi, India), February 24, 2018
Citibank India Cuts Personal Loan Interest Rate to 11.29% Per Annum
The Citibank N.A. India has decreased its personal loan interest rates by 0.20 percent, or 20 basis points with effect from Wednesday, February 07, 2018.
Citibank India has revised its minimum personal loan interest rate from 11.49 percent to 11.29 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 for Salaried Applicants: 11.29% to 16.29% Per Annum
Citibank India Personal Loan Interest Rate for Self-Employed Applicants: 15.79% to 18.79% Per Annum
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 GST
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 GST
Citibank India Personal Loan EMI Cheque, SI, or ECS Bounce Charges: Rs. 500 plus GST
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