(Updated on 01.08.17) Citibank Personal Loan EMI Calculator August 2017: Use this simple tool to calculate ✓ Eligibility ✓ Monthly EMI ✓ Loan Amount ✓ ROI ✓ Principal Amount ✓ Total Interest at Loansninsurances.com.
Citibank Personal Loan QUICK, EASY & INSTANT APPROVAL ONLINE
Citibank Personal Loan
Citi Bank Personal loan is the unmatched Personal Loan skillfully designed for needy borrowers to offer loans at attractive & competitive interest rates. Citibank personal loan can be availed by both salaried and self-employed individuals without any pre-conditions, guarantors or collateral security requirements. Citibank Personal Loan Eligibility Calculator is the best tool to know your eligibility and is the most feasible way to get your personal loan approved within 48 hours.
Citibank Home Loan with its extensive features and competitive interest rates helps every individual to build/buy/renovate/expand flat/house.
Citi India profit rises 12 per cent in FY17 – Citi India today reported 12 per cent growth in its net profit at Rs 3,626 crore for the 2016- 17 fiscal on account of increase in loan book size. It had earned a profit of Rs 3,233 crore in 2015-16. Net Interest Margin (NIM) rose to 5.4 per cent as against 5.1 per cent in the previous fiscal.(Sources: financialexpress)
Citibank Personal Loan Interest Rate
|Interest Rate||11.49% – 19.00%
|Processing fee range||2.5% of the loan amount sanctioned|
|Loan Amount||Rs.1,00,00 – Rs.30,00,000|
|Tenure||2 months to 60 months|
Citibank Personal Loan EMI Calculator
You can easily plan your financial status by using simple online tool for EMI calculation available at www.loansninsurances.com. An EMI or equated monthly installment is a fixed amount that must be paid at a specific date of each month as repayment of a personal loan.
Citi Bank Personal Loan EMI Calculator
|Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Steps: EMI Calculation
Just by punching the following inputs in the EMI calculator, you will get an indicative amount of EMI:
- Intended loan amount in INR
- Number of years you wish to pay in months or year.
- Interest rate in %
By entering these values, you can get an indicative amount of your EMI. For an example, a loan amount of Rs. 2,00,000 @ interest rate of 15.00% per annum for the period of 36 months would indicate an EMI of Rs. 6933.07 per month.
The formula for EMI (in arrears) is:
Where E is EMI, P is Principal Loan Amount, r is rate of interest calculated on monthly basis. (i.e., r = Rate of Annual interest/12/100. If rate of interest is 10.25% per annum, then r = 10.25/12/100=0.00854)
If a customer opting Personal Loan of an amount ₹ 2,00,000, interest rate given by Citibank is 15% for 3 years loan term. Now customer have to check what will be the exact emi, total interest amount per year, total outstanding amount per year & more.
|Loan Amount||Tenure||Interest Rate||Loan EMI|
|₹ 2,00,000.00||36 months (3 years)||15%||₹ 6,933|
YEARLY & MONTHLY CALCULATED VALUES FOR CITIBANK PERSONAL LOAN AMOUNT OF Rs. 2,00,000 @ INTEREST RATE OF 15% FOR 3 YEARS (36 MONTHS)
Note : Values calculated on 01.03.17
|Year||Principal Amount (X)||Interest Amount (Y)||Principal & Interest Amount (X+Y)||Outstanding Amount|
|2016||₹ 57,011||₹ 26,186||₹ 83,197||₹ 1,42,989|
|Jan 2016||₹ 4,433||₹ 2,500||₹ 6,933||₹ 1,95,567|
|Feb 2016||₹ 4,488||₹ 2,445||₹ 6,933||₹ 1,91,078|
|Mar 2016||₹ 4,545||₹ 2,388||₹ 6,933||₹ 1,86,534|
|Apr 2016||₹ 4,601||₹ 2,332||₹ 6,933||₹ 1,81,932|
|May 2016||₹ 4,659||₹ 2,274||₹ 6,933||₹ 1,77,274|
|Jun 2016||₹ 4,717||₹ 2,216||₹ 6,933||₹ 1,72,556|
|Jul 2016||₹ 4,776||₹ 2,157||₹ 6,933||₹ 1,67,780|
|Aug 2016||₹ 4,836||₹ 2,097||₹ 6,933||₹ 1,62,944|
|Sep 2016||₹ 4,896||₹ 2,037||₹ 6,933||₹ 1,58,048|
|Oct 2016||₹ 4,957||₹ 1,976||₹ 6,933||₹ 1,53,091|
|Nov 2016||₹ 5,019||₹ 1,914||₹ 6,933||₹ 1,48,071|
|Dec 2016||₹ 5,082||₹ 1,851||₹ 6,933||₹ 1,42,989|
|2017||₹ 66,176||₹ 17,021||₹ 83,197||₹ 76,814|
|Jan 2017||₹ 5,146||₹ 1,787||₹ 6,933||₹ 1,37,843|
|Feb 2017||₹ 5,210||₹ 1,723||₹ 6,933||₹ 1,32,633|
|Mar 2017||₹ 5,275||₹ 1,658||₹ 6,933||₹ 1,27,358|
|Apr 2017||₹ 5,341||₹ 1,592||₹ 6,933||₹ 1,22,017|
|May 2017||₹ 5,408||₹ 1,525||₹ 6,933||₹ 1,16,609|
|Jun 2017||₹ 5,475||₹ 1,458||₹ 6,933||₹ 1,11,134|
|Jul 2017||₹ 5,544||₹ 1,389||₹ 6,933||₹ 1,05,590|
|Aug 2017||₹ 5,613||₹ 1,320||₹ 6,933||₹ 99,977|
|Sep 2017||₹ 5,683||₹ 1,250||₹ 6,933||₹ 94,293|
|Oct 2017||₹ 5,754||₹ 1,179||₹ 6,933||₹ 88,539|
|Nov 2017||₹ 5,826||₹ 1,107||₹ 6,933||₹ 82,713|
|Dec 2017||₹ 5,899||₹ 1,034||₹ 6,933||₹ 76,814|
|2018||₹ 76,814||₹ 6,383||₹ 83,197||₹ 0|
|Jan 2018||₹ 5,973||₹ 960||₹ 6,933||₹ 70,841|
|Feb 2018||₹ 6,048||₹ 886||₹ 6,933||₹ 64,793|
|Mar 2018||₹ 6,123||₹ 810||₹ 6,933||₹ 58,670|
|Apr 2018||₹ 6,200||₹ 733||₹ 6,933||₹ 52,470|
|May 2018||₹ 6,277||₹ 656||₹ 6,933||₹ 46,193|
|Jun 2018||₹ 6,356||₹ 577||₹ 6,933||₹ 39,837|
|Jul 2018||₹ 6,435||₹ 498||₹ 6,933||₹ 33,402|
|Aug 2018||₹ 6,516||₹ 418||₹ 6,933||₹ 26,887|
|Sep 2018||₹ 6,597||₹ 336||₹ 6,933||₹ 20,290|
|Oct 2018||₹ 6,679||₹ 254||₹ 6,933||₹ 13,610|
|Nov 2018||₹ 6,763||₹ 170||₹ 6,933||₹ 6,847|
|Dec 2018||₹ 6,847||₹ 86||₹ 6,933||₹ 0|
CITIBANK PERSONAL LOAN TRENDS AUGUST 2017
Branches of Citibank are located in Ahmedabad, Akola, Aurangabad, Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbtore, Delhi, Faridabad, Gurgaon, Hyderabad, Indore, Jaipur, Jalandhar, Kochi, Kolkata, Lucknow, Ludhiana, Mumbai, Nagpur, Nanded, Nanddyal, Nasik, Noida, Puducherry, Pune, Surat, Vadodra, Vapi.
Citibank Personal Loan Eligibility Criteria
Citibank in order to facilitate its consumer with best personal loan product has classified its salaried consumers in two categories viz., CAT A Corporate Employees* and CAT B Corporate Employees.* Applicable interest rate for CAT A Corporate Employees starts from 14.00% and goes upward as slab of net take home salary increases.
The interest rate for CAT B Corporate Employees is a little bit dearer than CAT A; employees falling under this category are subject to pay an interest rate starting from 15% to 15.50% on different slab of net take home salary.
In adherence to serve all sections of consumer, Citibank’s personal loan is also available for self-employed people at the interest rate beginning from 15.50% and goes up to 16.50%.
(*CAT A Corporate Employee refers big business & industrial (Listed) entities whereas CAT B Corporate Employee translate in to small to medium companies (Non-Listed).)
Citibank Personal Loan Documents Required
Proof of identity: Copy of passport/voter ID card/driving license
Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport
Proof of age is also necessary.
Proof of Income and Occupation
Last 3 months bank statement/6 months bank passbook
Latest salary slip/ current dated salary certificate with the latest Form 16.
Other documents are also required as per banks rules and regulations.
Citibank Personal Loan Prepayments
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.
NIL pre-payment charges.
CitiBank Personal Loan FAQ
Can I foreclose or prepay my loan?
Yes, you can prepay the entire loan outstanding anytime after paying 6 installments. Prepayment charges as applicable would be levied on the outstanding loan amount. No part prepayment is allowed.
What is the procedure to prepay my Personal Loan?
For prepayment of your Personal Loan account, please visit our nearest ICICI Bank branch. We request you to carry with you the following documents to complete the process:
1. Request Letter signed by the loan applicant
2. PAN Card (if the mode of payment is cash and the amount is more than Rs.50,000)
3. Payment can be made through cash, cheque or demand draft.
Do I have to pay any additional charges?
A processing fee of 2% to 2.25% depending on the company you are employed in and location of the loan will be levied. This fee will be deducted from the disbursal amount payable to you.
Do you offer Balance Transfer facility in Personal Loan?
We offer Balance Transfer Facility if you have paid 12 EMI. Please contact your nearest branch or our call center for further details.
What is the loan amount that can be sanctioned?
Based on your kind of business and your relationship with ICICI Bank, the final loan amount is decided.
What are the loan tenure options?
The loan can be repaid over a period of 12 to 60 months
What security/collateral do I have to provide for Loan?
No security, collateral or guarantors are required for obtaining Personal Loans.