Best way to avail Citibank Personal Loan at low-Interest Rate 2021
Citibank personal loans interest rates starts ranging from 10.50% to 17.99% per annum. Individuals can borrow up to Rs.30 lakh from the lender. Borrowers have a maximum of 60 months to repay their loans. A modest booking fee or processing fee of 3% of the sanctioned loan amount is charged by the lender in addition to the interest rate. While preferring Citibank Personal Loan, users need to get instant funds for their use.
Citibank Personal Loan Highlights 2021
Read the information given below as mentioned under such as interest rates, loan amount, age criteria, loan tenure, processing fees, foreclosure charges, and more. For more information, you can also visit the official site of Citibank Personal Loan:
| Interest rate | Starting from 9.99% p.a. |
| Loan Amount | Maximum of Rs. 30 Lakh |
| Applicants eligible for the loan |
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| Eligibility Age | 21 years to 60 years |
| Loan Tenure | Maximum of 60 months |
| Minimum Eligible Income | Rs. 25,000 per month |
| Processing Fees | Up to 3% of loans sanctioned |
| Foreclosure Charges | Up to 4% of loan principal foreclosed |
Citibank Personal Loan Interest Rates
The Citibank Personal Loan interest rate starts at just 9.99% per year. The interest rate granted to specific applicants, however, is determined by a number of parameters, including the applicant’s income, loan amount, tenure, credit score, and so on. Citibank offers the following personal loan interest rates based on an applicant’s income:
| Net Take Home Income (p.m.) | Interest Rate (p.a.) |
| Less than Rs. 60,000 | Starting from 10.99% |
| Rs. 60,000 to less than Rs. 1 lakh | Starting from 10.50% |
| Rs. 1 lakh and above | Starting from 9.99% |
Eligibility Criteria of Citibank Personal Loan
Salaried employees and self-employed professionals who match the following personal loan eligibility conditions can apply for a Citibank Personal Loan:
| Age | From 21 up to 60 years |
| Monthly Income | Rs. 25,000 |
| Applicant Type |
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Note: Other Citibank personal loan eligibility criteria include the length of employment/business and credit score, which varies from application to the applicant.
Documents Required for Citibank Personal Loan 2021
- Salaried Individuals: A list of documentation required by salaried individuals applying for a Citibank Personal Loan is provided below:
| Criteria | Documents Required |
| Proof of Identity | Passport size photograph (mandatory), PAN, Aadhaar Card, Driver’s License, Passport, Voter’s ID card, etc. |
| Proof of Residence | Must be Driving License, Passport, Voter’s ID Card, Letter from Employer, etc. |
| Proof of Age | Must be Birth Certificate, School Leaving Certificate, Passport, etc. |
| Length of Employment | Submit Letter from Employer, Old Pay Slip, Form 16, etc |
| Proof of Income | Submit latest Salary Slip (not older than 3 months), 3 months bank statement, Latest Form 16. |
- Self-employed individuals: The following is a list of documentation that self-employed people will need to apply for a Citibank Personal Loan.
| Criteria | Documents Required |
| Proof of Identity | Must be passport size Photograph (mandatory), PAN card, Driver’s License, Passport, Voter’s ID card, etc. |
| Proof of Residence | Utility bill, not more than 3 months old with name and address, Passport, Voter’s ID Card, Letter from Employer, etc. |
| Proof of Age | Birth Certificate, School Leaving Certificate, DOB on Tax Return, etc. |
| Continuity of Business | Lease Deed, Ownership Document, Utility Bills, 3-year-old bank statement, etc. |
| Proof of Income | Income Tax Returns for last 2 years and supplementary documents, P&L Account, Audit Report, etc. |
Conclusion
After getting the above information, you can check the entire details of Citibank Personal Loan which is known as the best personal loan. As the low-interest rates offered by Citibank Personal Loan to the customers. For more details, contact Afinoz.com and avail of the loan easily.
