Citibank Bank Personal Loan

Citibank Bank Personal Loan - http://www.loansandcredits.in/citibank-bank-personal-loan/
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Apply Personal Loan

Apply Personal Loan :- Loan amount from Rs.1 lakh up to Rs.20 lakhs Convenient loan repayment option of 12 to 60 months No security or collateral required to avail this loan Simplified and quick documentation Attractive interest rates Hassle-free loan sanction and disbursal procedure[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width="1/2"][contact-form-7 id="3299" title="PL-loansandcredits.in"][/vc_column][vc_column width="1/2"][vc_column_text]

Features :

• Minimum Loan Amount Rs.1,00,000


• Maximum Loan Amount Rs.30,00,000


• Minimum Duration 12 months


• Maximum Duration 60 months

Interest Rate

As applicable at the time of signing the loan agreement

Interest Calculation

Interest deducted at disbursal would be calculated as: (Loan outstanding x ROI”% x Number of days remaining in a month)/[365^$ +(RO1^#% x Number of days remaining in a month)].

Interest for every subsequent month would be charged as : Loan outstanding x ROI^#%x (Number of days in a month/365^$ days).

^#ROI= Rate of interest
^$366 in case of a leap year

Booking Fee*

Up to 2.5% of the loan amount sanctioned; deductible from the loan amount at the time of disbursal.

Late Payment Charges

The payment instruction shall be presented from 1st of every month. There are no late payment charges.

Loan Pre-closure Charges*

Up to 4% on total principal outstanding at the time of calculating the amount for full and final settlement of account; plus, interest for the ongoing month.
For a fuller understanding of the pre-closure process, please refer the FAQs.

Stamp Duty

Applicable on the Loan Agreement and charged according to the prevalent State Laws.[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section][vc_row][vc_column][vc_empty_space][/vc_column][/vc_row][/vc_section][vc_section][vc_row][vc_column][vc_column_text]

Loan EMI Calculator

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Top reasons to get a Citi Bank Personal Loan

• Loan amount up to Rs.30,00,000*


• Loan funds credited to your bank account in 48 hours^


• Fixed interest rate for predictable monthly payments


• Part pre-payment option available^##


• Balance consolidation for your Credit Card and Personal Loan outstanding^#

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Benefits

Up to Rs.30,00,000* for all your needs

You can use the funds to pay for medical expenses, to renovate your home, take a trip, finance a wedding in the family, replace your home theater system, or anything else that you've always wanted to do but were held back by lack of funds. It's your choice. With loan amounts up to Rs.30,00,000 and fixed monthly payments, there's a lot you can do with a Citibank Personal Loan.

Get your funds in just 48 hours^

Your Citibank Personal Loan funds can be available to you within 48 hours (or 2 working days) once you submit the necessary documentation requested by us.

^Although we try and expedite the loan disbursement process and are successful in majority of the cases, there may be occasions when we require further information before we can complete your application.

Flexible repayment options ranging from 12-60 months

You can choose to pay large EMIs and close your loan quicker or opt to pay smaller EMIs and close the loan over a longer period of time. You can use this flexibility of choice to calculate an EMI amount that works best within your monthly budget.

Fixed interest for greater control over monthly payments

Citibank Personal Loan comes with a fixed rate of interest which means your EMIs will remain the same through the entire tenure of your loan. That is, irrespective of the amount you borrow or the time you choose to pay it back, there will be no surprises at the beginning of the month - your first EMI to your last EMI, the amount you pay will remain the same throughout.

How to take a loan without taxing your monthly budget?

Your regular EMI payments should ideally not strain your monthly budget or restrict your lifestyle choices. Use our EMI Calculator to find out an EMI amount you can pay with ease. Try different tenures and loan amounts to discover the many options you get to choose from. Refer the chart below for the interest rates that would apply to you.

Make an informed choice with the Citibank Personal Loan EMI Calculator

Get additional funds in no time

If you are a current Citibank Personal Loan customer, discover how easily you get access to additional funds from Citibank. Simply click here. On receiving your intent for extra funds, our representatives will call you immediately with all the assistance you need in understanding and applying for the extra money you need.

Minimal documentation for Citibank Customers

If you are Citibank Suvidha customer, getting a Citibank Personal Loan is as easy as logging in to your Citibank Online account and sending us an online application or talking to CitiPhone officer. Enjoy the privilege of simple documentation and fast track application processing. Apply now and know more.

Full and part-prepayment options

For loans booked on or after October 1, 2015, you can close your loan account in full; you can do so any time after the first twelve months since your loan booking. For loans booked prior to October 1, 2015, you can close your loan account in full any time after the first six months of your loan booking.

Partial pre-payments can be made post the first 12 months of your loan booking. To make prepayments in full or part, you need to call our 24x7 CitiPhone helpline.

Note that pre-payments attract certain charges, and are guided by applicable Terms and conditions. For more information, please refer the FAQs section.

Balance consolidation of high cost Credit Card and Personal Loan outstanding

You can take advantage of the extremely flexible tenure and attractive interest rates available on Citibank Personal Loan to streamline and better manage your current Credit Card and Personal Loan outstanding. Transfer them to a single Citibank Personal Loan account and manage your monthly cash flow better. To know more and apply, click here. Our representatives will be in touch with you immediately to help you avail the benefits of a Citibank Personal Loan.

Ready to apply for your loan?

Existing Citibank Suvidha/ Branch/Mortgage Customers registered for Citibank Online Banking.

Existing Citibank Suvidha/ Branch/Mortgage Customers not-registered for Citibank Online Banking

New to Citibank? Want a fast and simple Personal Loan?

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Product Features

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• Loan amount from Rs.1 lakh up to Rs.20 lakhs


• Convenient loan repayment option of 12 to 60 months


• No security or collateral required to avail this loan


• Simplified and quick documentation


• Attractive interest rates


• Hassle-free loan sanction and disbursal procedure

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Eligibility & Loan Criteria

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Salaried Individuals

• Minimum net monthly income of Rs.25,000 per month


• Minimum age at loan sanction – 25 years. Maximum age at loan maturity - lower of 60 years or retirement age


• Work Experience of minimum 1 year at current employment and 3 years of total employment experience

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List of Documents Required

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• PAN Card – For Individual


• Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)


• Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)


• Relationship Proof (if required)


• Passport Size Photographs


• Any other valid Photo ID card issued by central or state government


• Latest 6 months Salary credit bank satements

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List of Financial Documents Required

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For Salaried

• Latest 2 months pay slips and Form 16 issued by the employer


• Income documents of salaried spouse (in case of clubbing of income)

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