Personal Loan interest rates

Banks/Rates	Salaried
	CAT A	CAT B	Others	Pre Payment Charges	Processing Fees
ICICI Bank	13.99% - 14.75% (For Special Companies) 15.50% (Salary Above 75,000) 16% (Salary 50,000 -75,000) 17% (Salary 30,000 -50,000) 18.25% (Salary 20,000 -30,000) 18.50% (Less Than 20,000)	15.50% (Salary Above 75,000) 16% (Salary 50,000 -75,000) 17% (Salary 30,000 -50,000) 18.25% (Salary 20,000 -30,000) 18.50% (Less Than 20,000)	15.50% (Salary Above 75,000) 16% (Salary 50,000 -75,000) 17% (Salary 30,000 - 50,000) 18.25% (Salary 20,000 -30,000) 18.50% (Less Than 20,000)	5%	2% - 2.25%
HDFC Bank	13.99% - 14.75% (For Special Companies) 15.75% (for 75,000 & above salary) 16.25% (for 50,000-75,000 salary) 16.75% (for 35,000-50,000 salary) 17.75% (below 35,000 salary) 12.99% - 14% (Special Rates for Loan Amount b/w 10lacs - 20lacs)	15.75% (for 75,000 & above salary) 16.25% (for 50,000-75,000 salary) 16.75% (for 35,000-50,000 salary) 17.75% (below 35,000 salary) 12.99% - 14% (Special Rates for Loan Amount b/w 10lacs - 20lacs)	20%	4%	0.8% - 1.75% (for Special Companies) 2% (HDFC
Bajaj Finserv	15% - 16%	16%	16.50% - 17%	Nil Prepayment	Upto 2%
ING Vysya	13.99% (for 1lac & above salary) 14.25% (for 75,000 - 1lac salary) 15.75% (for 40,000 - 75,000 salary) 17.25% (for 30,000 - 40,000 salary 0.5% Waiver for Ing Salary Account Holder)	13.99% (for 1lac & above salary) 14.50% (for 75,000 - 1lac salary) 16.25% (for 40,000 - 75,000 salary) 17.25% (for 30,000 - 40,000 salary 0.5% Waiver for Ing Salary Account Holder)	14.99% (for 75,000 & above salary) 16.75% (for 40,000 - 75,000 salary) 18.25% (for 25,000 - 40,000 salary 0.5% Waiver for Ing Salary Account Holder)	Nil Foreclosure Charges Special Offer. Valid till (30th Sept'13	1.5% (For ING Salary Account Holder), other wise 1.75% - 2%
Kotak Bank	13.99% (For Special Companies) 15%	16.50%	18% - 19%	4%	0.75% (for Special Companies) else 2%
State Bank of India/SBI (SBI Saral)	18.25%	18.25%	18.25%	N.A	N.A
Fullerton India	16% - 32%	16% - 32%	16% - 32%	4%	2%
Standard Chartered Bank	16% - 17%	17% - 18%	19% - 22%	2% - 5%	2%
HDBFS	16% (for 75,000 & above salary) 17% (for 35,000 - 75,000 salary) 18% (below 35,000 salary)	16% (for 75,000 & above salary) 17% (for 35,000 - 75,000 salary) 18% (below 35,000 salary)	17% (for 75,000 & above salary) 18% (for 35,000 - 75,000 salary) 21% ( below 35,000 salary)	NIL for Select Corporates Employees (CAT A & B) 4% For Rest	1% - 2%
Citibank	16% (upto 30,000 salary) 15% (above 30,000 salary)	17% ( upto 30,000 salary) 16% (above 30,000 salary)	17% (upto 30,000 salary) 16% (above 30,000 salary)	3%	1% - 2%
Axis Bank	15% (For Super CAT A) 16% (For CAT A)	17%	19% - 20%	Nil	2%
Andhra Bank	15.75% - 16.75%	16.75% - 18.75%			Rs250 - Rs1000/-
Bank of Baroda	14.75%	14.75%
Corporation Bank	14.50% ((undertaking letter required) )	N.A	N.A	N.A	N.A
United Bank Of India	16% (12%(For pensioners))	16% - 18% (12%(For pensioners))	16% - 18% (12%(For pensioners))	N.A.	N.A.
Vijaya Bank	16%	N.A	N.A	N.A.	N.A.
Indian Bank	13.70% - 14.20%	13.70% - 14.20%	13.70% - 14.20%	N.A	0.50% on the loan amount with min of Rs 500/-
Bank of India	15%	15%	15%	N.A	2%
Canara Bank	14.95%	14.95%	14.95%	N.A	0.25 %
Transfer your personal loan to HDFC Bank		As Low As 12.99%			Flat Processing Fee of Rs 999/-

Where CAT A refers to - Top 1000 companies CAT B refers to - Multi National Companies( MNC's ) CAT C refers to - Small companies Non Listed refers to - Smaller companies with 100 emloyees. Loan Surrogates refers to - Any running loan from any bank The factors which determine your Personal Loan interest rates are as follows: - • Income • Your Company Status • Credit and Payment history. • Relationship with the Bank you intend to take loan from. • Individual’s Negotiating Ability. Income : If your Income is above a certain limit, Banks believe that your chances of not paying are lesser as you have Income to pay. Income above 75 per month usually gets some discounts from all personal loan Banks. Your Company Status : If the company you are working with is a well known corporate, the Banks feel that you are less likely to shift from your job and will result in lesser defaults. Credit and Payment History : Banks follows Cibil scores/rating before deciding giving loans. If your payments forCredit Cards and Loans is not upto mark , you have the most likely chance of being rejected for the loan or the Bank will give you at a much higher rate. Relationship with Bank : The Bank where you have your Salary account/Savings account is likely to pass on you to some special rate for your personal Loans or Processing fee. Individuals Negotiating Skills : Based on your above points you can always ask Bank to give you waivers on Rates, Fees Etc.

6 Tips For Trimming Your Budget

With the economy in freefall, everyone is concerned about spending too much money. 

We all need to save money but a lot of times people don't know where to start.

We have a lot of expenses.

With spiraling costs it is difficult to live on a shoe string budget.

Many people are losing their jobs and yours might be next and so it is wise to curb our expenses.

How do we do that? Here are some tips that can help you save some money;

1) Cut your credit card into four pieces and throw it into the trash. 

This plastic money has created havoc in the lives of people.

The way it lured people to swipe and get wiped has left many people in financial mess.

Actually we end up buying things which we don't need just because of credit cards.

Pay only cash when you visit a super market or mall.

That will help you in only buying stuff which you need.

If you are using credit card, only use it to the extent that you can pay it off in a month's time.

Keep your card expense to the minimum.

If you have more than one card, try and close the others.

Keep only one card and deal only with a single lender.

2) Make a list of expenses you have every month. 

The ones that you have to pay.

Not purchases you could do without- mortgage payments, utility bills, education expenses, medical insurance payments, and so on.

See how much extra cash you are left with. Save 10% of it.

3) Before going grocery shopping, check online at your neighborhood stores as to what the rates are. 

Utility items like meats, poultry, veggies, fruits have an expiry date within a week.

Go on the last day to buy.

You are sure to get these items at half the price.

Also look out for sale and discounts.

Nowadays online stores offer many discounts.

Log on to avail them and reduce your expenses.

Why should you pay more for the same product?

4) Reduce your outings and eating at restaurants.

This is another major expense that we can do without.

Going to a cinema hall is very expensive. Instead wait for the DVD to come out.

You can watch the same movie at less the cost.

5) Use a car pool to go to work. 

If your friends live in your neighborhood then you can plan to pool.

This will help you save on gas as well as you will be doing a big favor to the environment.

6) Lastly try to earn residual income. 

The internet has opened up a Pandora's box.

There are immense opportunities to earn some extra cash.

Internet marketing, having your own website and earning through Adsense, selling on Ebay are some of the ideas for making money online.

Whatever it is there are immense opportunities to earn money.

So not only can you cut down on your expenses you can also learn to earn automated income.

After all extra cash doesn't pinch?

There are many ways people can cut their budget and save more money.

Mostly it is by eating out less and reducing your discretionary income.

This is the hardest part people to do- we are built to be consumers.

However, if you plan on cutting your budget you really need to make hard choices.

Everyone has fat in their budget they cut.

18 Personal Loan Tips

If you're thinking of borrowing money to buy a car, boat, debt consolidation, home repairs, medical bills or anything else for that matter, here are some red hot tips to make the process much, much easier.

1. Avoid unsecured loans if possible

Avoid using unsecured personal loans if you can put up some security for your borrowings. This will get you a lower interest rate. A home equity loan, or redraw of extra repayments, allowing you to borrow against the equity built up in your own home or an investment property, is the best option of all, and could get you finance at up to 5 percent less than a personal loan.

2. Be honest in loan applications

Be honest about why you want the loan. Your bank may be able to offer you a loan option that better suits your circumstances. There are an increasing variety of different types of personal credit these days; car loans, commercial loans, leases, home equity loans, are just some of the examples.

3. Can't get a standard loan? There are alternatives

If the banks, building societies and credit unions won't lend to you because you're self employed, newly arrived in the country or have a poor credit history, consider the booming non-conforming and "low doc" loan market. A number of non-bank lenders offer loans which especially cater for this type of borrower. The interest rates on non-conforming loans are generally higher but come down after a few years of on-time repayments.

4. Check your statements for errors

There are claims that more than 50 percent of loan statements contain calculation errors. Simple mistakes, like the entry of the incorrect balance or the application of the wrong interest rate at the wrong time can be costly and mostly favour the lender. We all make mistakes, even bank computers make them and that's why borrowers should keep a close eye on loan statements. Various software for your home PC is available that can run a check on your statements.

5. Consider smaller lenders too

When shopping around for a car loan, consider community banks, credit unions and other smaller financial institutions which might be more approachable, and offer lower interest too.

6. Do you have to take out a personal loan at all?

Think twice before borrowing money without security. You may have a better option already available; home equity extension to your home loan, a new loan that uses your property as security, a credit card, or even a rich relative!

7. Do you qualify for a 'relationship discount'?

Relationship discounts are available from banks and credit unions for those borrowers who consolidate a range of banking business with the one institution. Home and personal loan interest rate discounts, term deposit bonuses, savings account fee waivers and credit card annual fee waivers are commonly offered.

8. Don't just take the dealer finance

        Don’t accept loan or lease finance offered by a car dealer before comparing the offer with        finance options offered by your bank or other credit providers. Dealer finance might be less hassle but you could well end up with an expensive loan and more restrictive terms and conditions. The same goes when buying furniture or any consumer goods where finance terms are offered.

9. Don't make multiple applications

Don’t fill out applications at several financial institutions and have all of them checking into your credit history. This can make you look desperate and lower your credit score.

10. Don't rely solely on comparison rates

All lenders must now include "comparison rates" in advertisements for their home loans and personal loans to help consumers get a feel for their total cost - fees and the interest. Don't rely solely on comparison rates when choosing a loan and beware of their shortcomings. They only take into account fees and interest rates, not the features and how suitable the loan is for your circumstances.

11. Have the right information when applying

What you will be required to supply in any application for lease finance will depend on whether the lease is for personal or business use.

Personal lease applications will require:

·        proof of current employment

·        income details or tax returns

Business lease financing requires more detailed information and may include your:

·        balance sheet

·        tax returns

·        cash flow projections

·        business plan

Confirm with the lender what you will need before the interview.

12. Have you considered a credit card?

Consider also a credit card as your source of credit. Interest rates are generally higher but credit cards are easier to secure and offer greater flexibility of repayments.

13. Honesty counts

Be honest about why you want the loan. Your bank may be able to offer you a loan option that better suits your circumstances. There are an increasing variety of different types of personal credit these days; car loans, commercial loans, leases, home equity loans, are just some of the examples.

14. Keep accurate records

Keep accurate records of your deposits and ATM transactions. It is also wise to keep copies of your loan application and approval documents in a safe place.

This is the best way to avoid hefty fees which may be charged by a bank when its customers want to see copies of their cheques or loan files.

15. Know what interest rate applies

When offered car finance, either lease or loan, always be sure you know what interest rate applies. Lenders often ‘sell’ you their finance packages by quoting the monthly repayments only. This may disguise a high interest rate.

16. Look beyond the banks

Get a feel for what's on offer across the wide range of financial providers around these days. Credit unions, building societies, mortgage originators, community banks and boutique online or telephone banks may offer better interest rates or lower fees than the big banks because they are anxious to win new business or they are non-profit organisations.

17. Try lenders with whom you are a regular customer

Take advantage of the human factor. Being a familiar face may earn you some slack if your credit background is smudged.

18. Understand what's on offer

Is the interest rate fixed or variable? What up-front, annual or ongoing fees are charged?

Bank of Baroda Personal Loan

Baroda Personal Loan
A wedding in the family. Maybe it´s high time you surprised your spouse with a priceless gift. Or you simply need to pamper your family with an extended vacation. These are the times when you may need a helping hand. That's when you can bank on us. Bank of Baroda's Personal Loan offers financial help to meet your personal requirements. Key Benefits Helps you take care of all kinds of expenses at a short notice. The loan covers medical expenses, marriage expenses, travel expenses, honeymoon holiday expenses and any other personal use. For more details and terms and conditions governing this loan offer, please CLICK HERE.Baroda Personal Loan Terms & Conditions The beneficiaries of this loan can be: Permanent confirmed employees (minimum 1 year service) of Central/State Govt/ /Autonomous Bodies/Public/ Joint sector undertakings. Reputed Limited companies / MNCs & Educational Institutions. Self Employed Professional Doctors, Architects, Interior Designers, Engineers, Chartered Accountants, Technical & Management Consultants & practicing Company Secretaries only, with a stable business (minimum 1-year). Insurance agents subject to The agent is doing insurance business for the last -5- years The agent has regular and stable income and maintaining SB a/c with the bank for crediting commission cheques received from their principals. Loan Amount : Minimum : Rs. 20000 and Maximum of Rs. 2,00,000 (Subject to condition) Repayment : Up to 36 months (maximum) in Equated Monthly Installments. No pre-payment charges. However, penalty of 2% on overdue amount RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES). PROCESSING CHARGES: (CLICK HERE FOR DETAILS)

Andhra Bank Personal Loan

AB Personal Loans

To meet any credit requirements of the borrowers for the personal/unforeseen commitments. Security Pledge of National Savings Certificates, Kisan Vikas Patra, Assignment of LIC Policies and Securities. PSU bonds. Repayment 60 months. Quantum 75% of the purchase value of securities pledged including the accrued interest (in case of cumulative interest bearing securities). Co-obligation For Credit limits above Rs 50,000/- Co-obligation is necessary. Prevailing Interest rates apply. Other Personal Loans Quantum of Loan Processing charges Administrative charges Per quarter per account Per annum Per account Upto and inclusive of Rs. 25,000/- Rs. 250/- Rs. 50/- Rs. 200/- Above Rs. 25,001 and upto and inclusive of Rs. 50,000/- Rs. 500/- Rs. 75/- Rs. 300/- Above Rs. 50,001 and upto and inclusive of Rs. 75,000/- Rs. 750/- Rs. 100/- Rs. 400/- Above Rs. 75,000/- Rs.1000/- Rs. 150/- Rs. 600/- These charges both processing and administrative charges will be applicable to CONSUMER LOANS, CLEAN LOANS & VEHICLE LOANS. The ‘administrative charges’ will be collected on quarterly basis.

Kotak Bank Personal Loan

Jaldi Loans Whatever your financial need – home renovation, celebrations in the family, education course fees, bridge loan for the down payment of your house or the long awaited vacation... you name it - here´s a reason to smile - Kotak Mahindra Bank´s Jaldi Loans. Get your hassle-free personal loan, from Rs. 50,000 - 15 lakhs*, really jaldi i.e. within 3 days. With minimum documentation and flexible repayment options, Jaldi Loans are all that you need to get closer to your dreams. Jaldi Features: Avail loans from Rs. 50,000-15 lakhs*. Minimal documentation. Hassle-free processing. Flexible loan tenor from 1-5 years. Repay with easy EMIs. Convenience of service at your doorstep. Basic Eligibility: Salaried individuals with a net monthly income of Rs.15,000/- or more. Resident Indian. Age: 23 - 58 years. Customer Privileges: Special rates for Kotak Mahindra Bank account holders. Instant loans without income documents for auto / personal / home loan customers, credit card holders or those paying an insurance premium or enjoying an OD/CC facility. If you are an existing Kotak Mahindra Bank Personal Loan customer with a clear repayment of 12 months or more, we can Top-Up your personal loan. *Conditions apply. Loan at the sole discretion of Kotak Mahindra Bank Ltd.

ING Vysya Personal Loan Elgibility

Eligibility criteria For Salaried Individuals

Minimum age of Applicant: 23 years Total of 3 year's overall work experience Net Salary of Rs 1,80,000 per annum

Documents required

Latest passport size photograph Latest 2 months salary slip Appointment letter/s or Form 16 as proof of experience Proof of Age and Identity* (Passport Copy/ Voters ID card/ Driving License/Pan card) *ID proof /signature verification to be done by Banker if the none of the above is available Address Proof (Ration card/ Tel/elect. Bill/ Rental agr. / Passport copy/Driving License etc) Latest 6 months bank statement with Salary Credits.

Eligibility criteria For Self Employed Professionals

Minimum age of Applicant: 23 years and 25 years for Non Professionals Minimum three years' experience in their current business Minimum Gross Annual Income of Rs 1,50,000

Documents required

Latest passport size photograph Latest 2 years ITR with computation of Income, CA certified P& L , Balance Sheet Firm’s/Company’s Financials, Board Resloution, Partnership deed, copy of MOA and AOA wherever applicable Proof of Business- ITRs/ License under Shops and Establishment Act/ Sales Tax Receipt/Import Export Code from RBI Proof of Age and Identity* (Passport Copy/ Voters ID card/ Driving License/Pan card) *ID proof /signature verification to be done by Banker if the none of the above is available Address Proof (Ration card/ Tel/elect. Bill/ Rental agr. / Passport copy/Driving License etc) Latest 6 months bank statement

ING Vysya Personal Loan

Features and benefits Borrow up to Rs 10,00,000 for any requirement like purchase of Consumer Durables/marriage/Education/travel/family function/business expansion/home improvement or purchase of property etc. Flexible Repayment options, ranging from 12 to 60 months. Choice of Repayment through PDCs , ECS or Standing Instructions. Low Interest Rates. Hassle free loans - No security/collateral required. Speedy loan approval. Convenience of service at your doorstep. Eligible Customers Salaried Individuals- include Salaried Doctors, Employees of Select Public and Private limited companies, MNCs and Public Sector Undertakings. Self employed professionals -include self employed Doctors, Chartered Accountants and Cost Accountants. Self employed Businessman-include Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.

Axis Bank Personal Loan

Personal Power

Quick and easy personal loans Are you in need of some quick cash? Presenting Axis Bank´s personal Loans. Go on your dream holiday, buy the latest lifestyle gizmo, gift your wife a lovely diamond ring, renovate your house or just squash a temporary cash crunch. Let us give you a helping hand. Our personal loans will meet all your personal requirements. Loans for salaried and self employed individuals. Special loans for doctors, chartered accountants, engineers, architects, CS and ICWA. Loans are available from Rs 50,000 to Rs 20 lacs. Repayment tenures from 12 to 60 months. Attractive interest rates. Free personal accident insurance cover with personal loan. Loans can be used for any purpose with no questions asked regarding the end use of the loan. A balance transfer facility available for those who want to retire any higher cost debt. Loans available against repayment track record of any existing auto, personal or home loan. Loans available against proof of life insurance policy or premium receipts. Zero balance SB account facility for personal loan customers. Simple procedure, minimal documentation and quick approval.

SCB Personal Loan

Your needs just can´t wait we´ll ensure the money does´t either

Need cash for expanding your business, designing your dream home, giving your children the best education, making your daughters wedding the talk of town, taking that dream vacation with your loved ones, the latest PC for your child - all this and more made possible through Standard Chartered Personal Loans.

With exciting schemes, easy repayment options and competitive interest rates, an SCB Personal Loan is a hassle free experience!!! When the need comes knocking, there will be money to welcome it

Unique Features

• A variety of loans available to
  
  • Salaried individuals with a minimum gross salary of Rs 11,000.
  • Self Employed Individuals filing IT Returns of Rs 1,00,000 for 2 years.
  • Self Employed Professionals filing IT Returns of Rs 75,000 for 2 years.
• Loan Amount available from Rs 50,000 to Rs 15,00,000.
• Competitive Interest Rates.
• No Securities, Collaterals and Guarantors required.
• Repayment Options varying from ECS, PDCs or Account Debits.
• If you are an existing SCB customer ?avail of special rates with less documentation and priority processing.
• If you have a Personal Loan with SCB, Top it off with ease.
• Get a loan up to Rs 5,00,000 on the basis of your SCB Credit Card.
• Get your last EMI off - You will have the benefit of your last EMI waived to you provided your repayment is consistent through the period of the loan.
• Avail of a special health insurance coverage from Royal Sundaram along with your SCB Personal Loan.

Documentation*

	Salaried	Self Employed Businessmen	Self Employed Professionals
Identity Proof	Passport, Photo Pan card, Driving License, Votes ID Card, Photo Ration Card
Address Proof	Passport, Telephone Bill, Ration Card, Electricity Bill, Driving License, Life/Medical Insurance policy, Rental Agreement, Apartment Allotment Letter
Financial Documents	Latest 1 month salary slip, Last 3 months bank statement, employment Proof	2 years IT Returns with computation of income/Certified Financials, Last six months bank account statement, Business Continuity proof	2 years IT Returns, Last six months bank account statement, Business Continuity proof

IDBI Personal Loan

A Loan designed to meet various personal requirements of the salary holders with IDBI Bank Ltd.

Loan Amount 

• Minimum : Rs. 25000  
• Maximum : Rs. 500000
  (Based on the classification of cities)

Minimum Net Salary

• Minimum : Rs. 15000  
• Maximum : Rs. 25000
  (Based on the classification of  cities)

Prepayment Charges : Nil

Tenor :

• Minimum 12 Months
• Maximum: 36 months

Rate of Interest :

• With Collateral Security:
  13% (Fixed) p.a.

        Collateral Security means:
       Govt. Securities/ Public Sector Bonds/ Units of UTI, NSC, KVP, LIC policy (Surrender Value), Bank    Deposit (The minimum value should be at least equivalent of the loan amount sought).

• Without Collateral Security:
  15% (fixed) p.a.

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.