Citibank Personal Loan Scheme: Rate of Interest, Requirements, Apply!

Citibank offers personal loans tailored to meet various financial needs, providing a flexible and convenient solution for borrowers. This guide delves into the Citibank Personal Loan Scheme, exploring the rate of interest, requirements, eligibility, and the application process to help you make an informed decision.

Overview of Citibank Personal Loan Scheme

Citibank’s personal loan scheme is designed to offer financial assistance for a wide range of purposes, from consolidating debt to funding major purchases or handling unexpected expenses. With competitive interest rates and straightforward requirements, Citibank aims to make the loan process as smooth as possible for its customers.

Rate of Interests

The interest rate for Citibank personal loans is a critical factor to consider. Citibank offers competitive interest rates, which vary based on the applicant’s credit profile, loan amount, and repayment tenure. Typically, the rates range between 9.99% to 16.49% per annum. The exact rate is determined after evaluating the applicant’s creditworthiness and other financial factors.

Loan Amount and Tenure

Loan Amount: Citibank offers personal loans ranging from Rs 50,000 to Rs 30 lakh. This broad range allows borrowers to apply for a loan amount that suits their specific financial needs.

Tenure: The repayment period for Citibank personal loans is flexible, ranging from 12 months to 60 months. Borrowers can choose a tenure based on their repayment capacity and financial planning.

Eligibility Requirements

To qualify for a Citibank personal loan, applicants must meet certain eligibility criteria:

  • Age: Applicants must be between 23 and 60 years old.
  • Employment: Both salaried and self-employed individuals can apply.
  • Income: A minimum monthly income of Rs 25,000 is required.
  • Citizenship: Applicants must be Indian citizens or residents.

Documentation Required

Applying for a Citibank personal loan requires the submission of specific documents to verify identity, income, and address. The typical documents include:

  • Proof of Identity: PAN card, Aadhaar card, passport, voter ID, or driving license.
  • Proof of Address: Utility bills, rent agreement, passport, or Aadhaar card.
  • Proof of Income: Salary slips for the last three months, bank statements for the last six months, and income tax returns (ITR) for self-employed individuals.

Application Process

The application process for a Citibank personal loan is straightforward and can be completed online or by visiting a Citibank branch. Here’s a step-by-step guide:

  1. Check Eligibility: Use the Citibank eligibility calculator available on their website to ensure you meet the basic criteria.
  2. Gather Documents: Collect the necessary documents for submission.
  3. Apply Online: Fill out the online application form on the Citibank website, upload the required documents, and submit the form.
  4. Verification: Citibank will verify the information provided and may contact you for further details or clarifications.
  5. Approval: Upon successful verification, the loan approval is granted, and the funds are disbursed to your bank account.

Benefits of Citibank Personal Loan

  • Quick Disbursement: Citibank ensures fast processing and disbursement of loan amounts.
  • Flexible Tenure: Choose a repayment tenure that fits your financial plan.
  • No Collateral Required: Citibank personal loans are unsecured, meaning you don’t need to provide collateral.
  • Easy Application: The online application process is user-friendly and convenient.


Citibank’s personal loan scheme offers a flexible and accessible financial solution for a variety of needs. With competitive interest rates, clear requirements, and a straightforward application process, Citibank stands out as a reliable choice for personal loans. Ensure you understand the terms and assess your repayment capacity before applying to make the most of this financial product.


What is the minimum and maximum loan amount offered by Citibank personal loans?

Citibank offers personal loans ranging from Rs 50,000 to Rs 30 lakh.

What is the interest rate for Citibank personal loans?

The interest rate varies between 9.99% to 16.49% per annum, depending on the applicant’s credit profile and loan details.

What is the eligibility criterion for applying for a Citibank personal loan?

Applicants must be between 23 and 60 years old, with a minimum monthly income of Rs 25,000, and be Indian citizens or residents.

What documents are required to apply for a Citibank personal loan?

Applicants need to provide proof of identity, proof of address, and proof of income.

How long does it take for Citibank to disburse the loan amount?

Citibank ensures quick processing, typically disbursing the loan amount shortly after approval.

Can I apply for a Citibank personal loan online?

Yes, the application process can be completed online through the Citibank website.