CITI Bank Personal Loan Elgibility

Rate of Interest of CitiBank Personal loan ( Last edited on :.02 February 2011)
Interest rate	14.5% to 18%

Eligibility Criteria for CitiBank Personal Loan
Age of Applicant	Min-23 years ; Max-60 years
No. of years in employment	3 years & above
Current Experience	6 months & above
Net Monthly Income	Rs. 20,000/- & above

Loan Amount of CitiBank Personal Loan
Minimum Funding	Rs. 50,000/-
Maximum Funding	Rs. 10,00,000/-

Loan Tenure offered by CitiBank
Minimum Tenure	12 months
Maximum Tenure	60 months

Turn Around Time of CitiBank Personal Loan
Turn around time	5 working days

Processing Fee of CitiBank Personal Loan
Processing fee	1% of loan amount

Prepayment Charges of CitiBank Personal Loan
Foreclosure Charges	5% of outstanding principal (Can be foreclosed after 6 months only)

Salary available for making EMI’s
For listed company	35% of salary is considered
Non-listed company	30% of salary is considered

Documents Required for CitiBank Pesronal Loan
Identity Proof	Passport/ driving license/PAN card/Photo credit card (with embossed Signature and last two months statement)/ banker’s sign verification.
Age Proof	PAN Card/ Passport/ Driving Licence/ School leaving certificate/ Voter’s card/BirthCertificate/ LIC policy (only for age Proof).
Address Proof	Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/Driving license/ Election ID card/Photo-credit card (with last two month statements).
Income Proof	Latest 3 month salary slip (computerized pay slip with company Logo/pay slip on company letterhead)
Job Continuity Proof	Form 16/relieving letter/appointment Letter (for last two months)
Banking History	Bank statements of latest 6 months and Existing loan sanction letter if any.

CITI Bank Personal Loan Elgibility

Salaried Individuals

 

Eligibility Criteria	Loan Amount	Documents Required
Age limit: 23 - 60 years	You can avail of a loan up to 11 times your net monthly income subject to a minimum Of Rs. 50,000 to maximum of Rs. 10,00,000.	Last 2 months Salary slip not more than 90 days old a) Computerized pay slip with company logo b) Pay slip on company letterhead. c) Last 3 months Bank statement.
Minimum Annual Income*: Rs. 1,20,000/-		PAN number or Form 60 for loans greater than Rs. 50,000.
Permanent / Confirmed employee		Supplementary documents: Photograph, Proof of age, Residence and ID Proof.

Self Employment Individuals 

Eligibility Criteria	Loan Amount	Documents Required
Age limit: 25 - 65 years	Up to 1.25 times your gross annual income subject to a minimum of Rs. 1,00,000 to a maximum of Rs. 5,00,000/-	2 years Income tax returns + supplementary documents
Minimum yearly Gross Income of Rs. 1,20,000/-		Bank A/c statement for the last 6 months
Minimum three years of self-employment		PAN number or Form 60 for loans greater than Rs. 50,000
IT Assessee for at least last two years		Supplementary documents: Photograph, Proof of age, Residence and ID Proof, Length of Employment /Continuity of Business, Signature proof, Degree.

CITI Bank Personal Information

Make your dreams come true in just 48 hours* with Citibank Ready Cash! The Personal Loan that is fast, easy & affordable.

Citibank Personal Loan offers:-
• Cash up to Rs.15 lakhs* at your doorstep in 48 hours*
• No guarantors or security*
• Flexible repayment.
• Simple documentation.
• Repay your personal loan in flexible installments upto 5 years.
• Attractive Personal Loan Interest Rates

Citibank now offers you an unmatched Personal Loan program that is geared to meet your financial needs in just 48 hours.

Citibank Personal Loan helps you to: plan a trip to a dream destination with your loved ones, fulfill goals that you might have planned for tomorrow, expand your business further or just about anything. So go ahead and realise your dreams with personal loans from Citibank.

Citibank Personal Loan program is available for salaried individuals and self-employed professionals.