Citibank Personal Loan Review

Citibank, one of the world’s foremost banks, has more than a 100 year history in India. The bank is also the largest foreign direct investor in India’s financial services sector. It is a service oriented bank

Loan amount

The maximum loan amount is upto 15 lacs. This is among the higher upper limits in the market.

Interest rate

The interest rate varies from 16% to 28% depending on the borrower profile and the loan amount. It is a floating type of interest rate. These rates are among the highest in the personal loan market.

Charges

The processing fees are 3% of the loan amount. The prepayment charges are 5% of the outstanding balance. Both these charges are amongst the highest in the market.

Tenure

The tenure of the loan is upto 5 years which is more or less the industry standard.

Ratings

Reputation: 3.5/5

Loan amount: 3/5

Interest rate: 2/5

Charges: 2/5

Tenure: 2.5/5

Overall: 2.5/5