For individuals earning between Rs 50,000 to Rs 1 lakh, the interest rate ranges from 14.25% to 16.49% p.a.
Individuals earning more than Rs 1 lakh pay 13.49 to 15.99% interest. The interest reduces to 12.75% to 13.99% p.a. on loan amount of Rs 10 lakh to Rs 14.99 lakh. It further reduces to 12.49% to 13.75% p.a. for loan amount of Rs 15 lakh to Rs 19.99 lakh.
For loan taken over Rs 20 lakh, interest applicable is 11.99% to 13.5%.
For individuals earning over Rs 80,000 per month, 15.99 to 18.99% interest is applicable.
The Citibank follows fixed interest rate system in case of its personal loans. It charges an interest of 13.99%. The corporate employees of CAT A and CAT B are charged an interest of 13.75% to 15% and 14.5% to 15.75% respectively. The interest rates for self-employed applicants may vary from 15.25% to 17%. The Citibank salary account holders get exclusive benefits on applying for loans. They can easily get their loan approved in four hours of applying the same. They get a repayment period of 12 to 60 months.
Subscribe to our newsletter
Akshar Blue Chip IT Park, 703, Thane - Belapur Rd, Turbhe, Navi Mumbai, Maharashtra 400705
Please enter OTP received on your Mobile Number and Email Address.