Citi Bank Personal Loan

Features:

·         Personal loan can be taken for renovating house, celebrate wedding ,planning an outing etc.

·         Loan available up to Rs 15 lakh.

·         Loan repayment period varies up to 60 months

·         Hassle free loan without guarantors, security or hypothecation.

·         Personalized services are provided to all the customers.

·         For existing customers with a clear repayment in 12 months

Eligibility:

·         Personal Loan is currently available for salaried individuals and self-employed professionals & existing customers who have Suvidha premium account or a home loan can avail of Citibank Personal Loan.

Charges:

·         Booking Fee (Processing Charges): Up to 2.5% of the loan amount sanctioned, this fees is deducted from loan amount at the time of disbursal.

·         Cheque/ECS bounce charges: Rs 250 per bounce.

·         Late payment charges: All the EMIs have to be paid on 1^st of every month if delay in payment an additional interest of 2% p.a. is charged on outstanding balance of loan.

·         Loan pre closure charges: Prepayment of loan is not allowed within 6 months from disbursal of loan. No partial prepayment is allowed, pre-closure charges are levied at the rate of 3% on total principal outstanding.

·         Statement Copy: Rs 500.

Interest Rate:

·         Interest rate on the loan will be the rate applicable at the time of signing the loan agreement currently it is 15% to 20% p.a.

Salaried Individuals

• Application form with recent photograph
• Salary slip for last 2 months
• Bank statement for last 6 months
• Proof of Identity (any one): Passport/Driving licence /Photo credit card/Employee licence/Voter's ID/PAN card
• Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority bill

Self Employed

• Application form with recent photograph
• IT returns for last 2 years
• Bank statement for last 6 months
• Proof of Identity (any one): Passport/Driving licence/Photo credit card / Employee licence/Voter's ID/PAN card
• Proof of Residence (any one): Driving licence/Any utility bill/Govt. or authority bill
• Proof of Age (any one): Birth certificate/Passport/Life insurance policy or premium receipt
• P&L and Balance Sheet for last 2 years certified/audited by CA