Citibank Personal Loan, Interest Rate and EMI Calculator October 2017

 

(Updated on 04.10.2017) Citibank Personal Loan – Apply & Get Attractive Personal Loan Interest Rate From Citibank within 48 hrs. Check Eligibility, Document Required & Monthly EMIs.  

Citibank Personal Loan QUICK, EASY & INSTANT APPROVAL ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

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.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Steps: EMI Calculation

Just by punching the following inputs in the EMI calculator, you will get an indicative amount of EMI:

  1. Intended loan amount in INR
  2. Number of years you wish to pay in months or year.
  3. 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:

emi-calculator

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 OCTOBER 2017

User searches for Citibank Credit Card Login up +180% in past week – 21.02.2017
User searches for Citibank Personal Loan Calculator up +120% in past week – 25.03.2017
User searches for Citibank Personal Loan Customer Care up +80% in past week – 30.04.2017
User searches for Citibank Personal Loan Calculator up +120% in past week – 25.05.2017
User searches for Citibank Personal Loan Calculator up +110% in past week – 29.06.2017

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.