Before knowing the Citibank personal loan interest rate, let me tell you that as of April 2025, Citibank India no longer offers personal loans directly, as its consumer banking business, including personal loans, was acquired by Axis Bank on March 1, 2023. Therefore, individuals seeking personal loans previously offered by Citibank should now approach Axis Bank.
Axis Bank offers personal loans with interest rates ranging from 10.55% to 21.80% per annum. The exact rate applicable to an individual depends on various factors, including credit score, income, employment status, and the loan amount and tenure.
Key Features:
Loan Amount: Up to Rs. 40 lakh
Processing Fee: Up to 2% of the loan amount
Foreclosure Charges: 2% to 5%
Eligibility: Salaried individuals with a minimum monthly income of Rs15,000 and a credit score of 700 or above
Documents required:
Last 3 months bank statements
3 latest salary slips with the latest form 16
KYC documents: Voter ID or Aadhar card or PAN card or Passport
I hope this helps!
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As far as I know about Citibank personal loan interest rate, Citibank offers personal loans at interest rates ranging from 10.75% to 16.49% per annum. The interest rate you qualify for will depend on a number of factors, including your credit score, income, and loan amount.
What is the Interest Rate for Personal Loan in Citibank?
I can tell you about a friend of mine who was in need of a personal loan to cover some unexpected expenses. He had a good credit score and a steady income, so he was confident that he would be able to qualify for a loan with a favourable interest rate. He applied for a loan from Citibank and was approved for a loan of Rs. 50,000 at an interest rate of 12.5%.
He knew that it was one of the most competitive rates available, and he was confident that he would be able to afford the monthly repayments. He used the loan to cover his expenses and was able to repay it in full within 12 months.
If you are considering taking out a personal loan, it is important to compare interest rates from different lenders to get the best deal possible. Citibank offers competitive interest rates on personal loans, and they may be a good option for you. However, it is important to compare rates from multiple lenders before making a decision.
This is all I can tell you about Citibank personal loan rates.
Opt for NB Intsa Cash to get quick personal loan. Read More: How to Pay Citibank Personal Loan Online? How to Check Personal Loan Eligibility in SBI Yono App? How to Preclose ICICI Personal Loan?
What is the Interest Rate for Personal Loan in Citibank?
Taani
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2023-10-11T18:42:08+00:00 2023-10-11T18:42:08+00:00Comment
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