Rate of Interest for Personal Loan in Citibank

Can you tell me about the rate of interest for Personal Loan in Citibank in India as I want to apply for the loan but first wants to know the details of the for Personal Loan in Citibank in India?

[Shaleen]

The Personal Loan carry interest at the rate specified in the Schedule hereto with monthly rests on the outstanding balance in Citibank in India.

Interest, Fees & Charges

Minimum Loan Amount Rs.1,00,000

Maximum Loan Amount Rs.30,00,000

Minimum Duration 12 months

Maximum Duration 60 months

Interest Rate As applicable at the time of signing the loan agreement

Interest Calculation Loan outstanding x ROI% x (Number of days in a month/ 365 days)
[ROI = Rate of Interest]

Booking Fee
Up to 2.5% of the loan amount sanctioned; deductible from the loan amount at the time of disbursal.

Cheque/ ECS/ SI Bounce Charges
[ECS: Electronic Clearing Service | SI: Standing Instructions]
Rs.250

Late Payment Charges
All EMIs are presented on the first working day of each month.
Delay in the payment of your EMI will attract an additional interest of 2% p.a. above the prevalent rate upon the outstanding balance of the Loan.
[EMI: Equated Monthly Installments]

Loan Pre-closure Charges
Up to 3% on total principal outstanding at the time of calculating the amount for full and final settlement of account; plus, interest for the ongoing month

Statement Copy on Request
Rs.500

Stamp Duty
Applicable on the Loan Agreement and charged according to the prevalent State Laws.

CAT A Corporate Employees
Net Take Home Salary (Monthly) Applicable Interest Rate

Rs.20,000 - Rs.40,000 14.75% p.a. - 15.00% p.a.

Rs.40,000 - Rs.80,000 14.50% p.a. - 15.00% p.a.

>Rs.80,000 14.25% p.a. - 14.75% p.a.

CAT B Corporate Employees
Net Take Home Salary (Monthly) Applicable Interest Rate

Rs.20,000 - Rs.40,000 15.35% p.a. - 15.50% p.a.

Rs.40,000 - Rs.80,000 15.25% p.a. - 15.35% p.a

>Rs.80,000 14.85% p.a. - 15.25% p.a.

Self Employed Applicants
Applicable Interest Rate 16% p.a. - 20% p.a.

Interest rate range of contracted loans offered to customers during the period 01-July ’15 to 30-Sept ’15

Minimum Interest Rate 12.50% per annum
Maximum Interest Rate 20.00% per annum
Average (Simple) Interest Rate 14.32% per annum

Personal Loan Service Terms and Conditions