# Do You Know The Citibank Personal Loan Interest Rates in India?

Citibank has been servicing its customers around the world, and in India it also has a wide range of banking products and one of the most popular is the Citibank personal loan. With its personal loan, you can borrow up to INR 30 lakh without any collateral, this is the highest personal loan amount in India which a bank will provide to you. Here in this article today you will know what the Citibank Personal Loan Interest Rates are, and why are they better than the other lenders.

### Affordable Rates on Citibank Personal Loan

The bank gives you a personal loan at an attractive interest rate of 9.99-16.00% per annum. The Interest for every subsequent month would be charged as follows:

Loan outstanding x Citibank Personal Loan Interest Rates #%x (Number of days in a month/365\$ days)

Citibank Personal Loan Interest Rates are fixed and don’t change with the bank lending rate which helps the borrower have the stable EMI. And if you want to manage the EMI repayment before the loan approval, you can use the Citibank Personal Loan EMI Calculator.

#### What is a Citibank Personal Loan EMI Calculator?

An online calculator only for the customers, so that they can find their EMI and choose a tenure from 12 to 60 months. Even if your Citibank Personal Loan interest rates are not according to your will, you can manage it in your budget using the Citibank Personal Loan EMI Calculator. Check the example below to know how it works.

Example: Mrs. Sen wants to renovate her house and needs a lump sum money of INR 20 lakh, she contacted every lender, but wasn’t able to get her desired loan amount. But at Citibank she gets approval for the personal loan at an interest rate of 13.20% per annum. And to find what her EMI could be Mrs. Sen uses the Citibank Personal Loan EMI Calculator which generates the following result.

 Loan Amount Tenure Citibank Personal LoanInterest Rates EMI Interest Payment Total Amount 20,00,000 1 13.20% 1,78,822 1,45,867 21,45,867 20,00,000 2 13.20% 95,272 2,86,519 22,86,519 20,00,000 3 13.20% 67,581 4,32,906 24,32,906 20,00,000 4 13.20% 53,854 5,84,979 25,84,979 20,00,000 5 13.20% 45,711 7,42,670 27,42,670
##### What Factors Would Affect My Citibank Personal Loan Interest Rates?

There are different types of reasons that help the lender decide your interest rate, and some of them on which you can work are:-

• Age:- Your minimum age should be of 26 years while you are applying for the citibank personal loan, because as per the loan criteria, applicants below 26 years aren’t eligible for this loan. But if you are self-employed, you can apply for the citibank personal loan even at a minimum age of 21 year. Your age has a great impact over your Citibank Personal Loan Interest Rates, because the older you are the lesser is the probability of you paying the loan in time, due to job security. The maximum age for the Citibank Personal Loan is from 60 to 65 years.
• Income:- Your income should not be less than INR 40,000 per month, as this is the Citibank minimum eligibility criteria for the personal loan. The higher your income the lower will be your Citibank Personal Loan Interest Rates. So if you have an income above the minimum criteria, it is good for your loan repayment.
• Credit Score:- Your credit history will be taken into consideration while approving your Citibank Personal Loan, because it helps the lender know the borrower. If your credit score is below 750, this will indicate you have missed some EMIs, haven’t paid the loan or credit card bills, or burden yourself with high debt. So do check the credit score before you apply for the loan, as it is the only way to avoid rejection.

• Monthly Obligations:- The current loan and credit card bills are considered to find how much money you will save after paying the current EMI and credit card bill. Because if the amount is low the Citibank Personal Loan Interest Rates would be higher than you thought.