CITI Bank Personal Loan

Top reasons to get a Citi 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#

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 2.75% 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.

Income Category

Loan quantum

Rate of Interest

Fee

Net Take Home < 60K per month Less than 5 lac 13.25% – 14.25% 0.99% – 2.0%
Between 5 & 10 lac 12.49% – 13.49% 0.99% – 2.0%
Higher than or equal to 10 lac 11.75% – 12.75% 0.25% – 0.50%
Net Take Home between 60K & 100K per month Less than 5 lac 12.99% – 13.99% 0.99% – 2.0%
Between 5 & 10 lac 11.75% – 12.75% 0.99% – 2.0%
Higher than or equal to 10 lac 11.24% – 12.24% 0.25% – 0.50%
NTH >=100K per month Less than 10 lac 11.24% – 12.24% 0.99% – 2.0%
Higher than or equal to 10 lac 10.99% – 11.99% 0.25% – 0.50%