Personal loan can be had for marriage, vacations, higher studies from the banks without producing any assets like properties, gold as security as it is unsecured in nature.
In personal loan bank takes in to account of borrower’s income, ability to repay the loan, creditworthiness of borrower and the type of company where he is employed to sanction the personal loan. In case the employee is working in a non listed company of their lists, then he
Loan applicants should not say yes to Personal loans just because of they have high credit rating as it is an expensive banking product. Hence people opting for personal loans have to have an absolute demand behind it.
Citibank personal loan interest rate
Loan amount up to Rs. 30 lakhs
Minimum loan amount Rs. 100,000
Maximum loan amount: Rs. 30, 00,000
Interest rate: 15.50% to 15.75 %
Booking fee: up to 2% of the sanctioned amount
Flexible repayment options: 12 months to 60 months
Speedy loan approval processing
Prepayment, Part payment options available
Balance consolidation option available for credit card and personal loan outstanding
For more information on Citibank Personal loan interest rates, Have a word with us.