Citibank was established in 1812. Citibank started its operation in Kolkata, India and it is the one of the major foreign investors in India plays vital role in Indian economy. It has 45 branches in 28 cities.
The products and services offered by Citibank are Credit cards, mutual funds, Loans, home loans, Investments, Insurance and banking.
You can your personal loan for any purpose like renovating your apartments; emergency needs, to support financially one of the family members, marriage of self, and your dependent relatives and the extension of your home, to meet emergency expenses but it always comes with high interest ranging from 12 to 20 percent.
Personal is very flexible loan than any other types of loan ideal option for business man and working people.
Citibank offers personal loan where you can avail up to Rs 30, 00,000 Lakhs in just two days. Apply for Citibank personal loan online at competitive interest rate.
Generally banks like applicants having low debt to burden ratios who are successful in managing their monthly debts. Hence they are more likely preferred by the bank over the applicants having more than 40%. It measures good balance between debt and monthly income. Banks wish the number to be low for the applicants as possible because the risk factor associated with the loan is low for them.
Top reasons to get personal loan from city bank:
Loan amount up to 30 00000
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 (Balance Transfer)
Get funds in your account 48 hours
Flexible repayment options from 12 to 60 months
Get the additional funds in no time
Simple documentation and special offers
Full and part payment options
For the loans taken from 2015 you will have the option to close the account in full after 12 EMIs.
Partial and prepayment options available after one year completion
Balance transfer of credit card and personal loan outstanding
Minimum loan amount: 100,000
Maximum loan amount: 30, 00,000
Loan tenure: 12 months to 60 months
Interest Calculation: [Loan outstanding * ROI* Number of days in a month/ 365 days]
Documents required for Citi bank Personal Loan
Proof of Identity;
Photograph is mandatory, PAN Card, Valid passport, Voter’s ID card
Proof of residence:
Valid driving License, Valid passport Id, Voter’s ID card, Utility bill, Food Card, Original letter from the company
Proof of Age:
Birth certificate, School leaving certificate, College certificate, PAN card and Company ID card confirmation
Length of Employment and Continuity of Business:
Letter from employer, Old pay slip, Form 16
Latest 2 month pay slip
Last 3 months bank statement
Steps involved in the Citibank personal loan Processing:
Loan application login
Document collection Process
Personal loan customer agreement
Loan amount Disbursal
For more information on Citibank personal loan queries, get in touch with us.