Citibank Personal Loan Eligibility Calculator 2022

Citibank offers an instant personal loan at affordable interest rates. It is an unsecured personal loan and the available loan amount is as high as Rs. 30 lakh. You can use the loan for any personal expenses without restrictions. If you want to get a personal loan from Citibank but not sure whether you will qualify for the loan, you can use Citibank personal loan eligibility calculator. While checking your eligibility, you will also find out Citibank personal loan interest rate. 

Citibank offers a personal loan to both salaried professionals and self-employed individuals. To get a personal loan from Citibank, you will have to meet the following eligibility criteria:

Age	Salaried employees: 23 to 60 years Self-employed: 23 to 65 years
Minimum income	Rs. 25,000 for salaried employees; Rs. 1,40,000 per annum for self-employed individuals
CIBIL score	750 or above
Loan amount	From Rs. 50,000 to Rs. 30 lakh
Loan tenure	1 year to 5 years
Interest rate	9.99% p.a onwards
Processing fees	Up to 3% of the loan amount + GST

You can check your eligibility for Citibank personal loan on the bank’s official website. Fill the required fields like full name, mobile number, city, monthly net take home salary and PAN number.

 You can also know your eligibility for Citibank personal loan through Afinoz.com. Here are the steps you need to follow to check your personal loan eligibility:  

• Click on ‘Apply Now’ link under the personal loan section on the home page of Afinoz.   
• Share required information like loan amount you need, monthly income you earn, existing EMI (if any), mobile number, employer details, etc. and submit the request. 
• After the completion of application, you will see the personal loan offers from multiple lenders on the next page, including Citibank Personal Loan based on your eligibility. 

• Age: Age is an important factor considered by a lender when they assess a personal loan application. Each bank sets minimum and maximum age criteria to grant the personal loan. If the applicant is too young or too old, they won’t be granted the loan. Citibank offers a personal loan to applicants aged between 20 and 60 years. 
• Financial position: Financial position of an applicant plays a crucial role in a personal loan application as it defines the ability of the applicant to repay the loan. If the applicant has a good income, the bank will be more inclined to offer the loan. Since the applicant has sources to repay the loan, it reduces the risk of default. The minimum salary required to get a Citibank personal loan is Rs. 25,000 per month. 
• Employment: Employment and employer type affect the personal loan eligibility a lot. Salaried employees working with government organizations and reputed private companies have more chances of getting a personal loan at favourable charges.    
• Location: Location of residence is also an important factor considered for a personal loan. Individuals living in urban cities have more chances of getting a personal loan than those in rural areas.  
• Credit score/history: Personal loan is a collateral-free loan. It is granted on the basis of income and credit score of an applicant. Hence, while assessing a personal loan application, lenders look at the credit history of applicants. Individuals who have a good track record of credit management are considered less risky customers and have a good credit score. If your credit score is equal to or above 750, banks will easily approve your application for a personal loan. 

Citibank offers a personal loan for both salaried employees and self-employed individuals alike with minimal documentation and instant approval. You need to fill a personal loan application form and upload supporting documents to apply for the Personal loan.  

Here are the documents you need to keep handy while applying for Citibank personal loan:

Type	Documents for salaried employees	Documents for self-employed applicants
Photo	Passport size photographs	Passport size photographs
Identity proof	One of the following: Passport  Driving License  Voter's Identity Card  Job Card issued by NREGA Aadhaar/eAadhaar  National Population Register (containing details of name and address)	One of the following: Passport  Driving License  Voter's Identity Card  Job Card issued by NREGA Aadhaar/eAadhaar  National Population Register (containing details of name and address)
Proof of residence	One of the following: Passport  Driving License  Voter's Identity Card  Job Card issued by NREGA  Proof of possession of Aadhaar number, i.e. Aadhaar/eAadhaar National Population Register (containing details of name and address)	One of the following: Passport  Driving License  Voter's Identity Card  Job Card issued by NREGA  Proof of possession of Aadhaar number, i.e. Aadhaar/eAadhaar National Population Register (containing details of name and address)
Employment length/ business continuity proof	Letter from employer Payslips/ Form 16 HR check by designated CPA resources	Lease Deed/Rent Receipts  Ownership documents  Utility bills Tax returns from the same city  3-year old bank statement
Income proof	Payslips for the last 3 months Bank statement for the last 3 months	1. 1-year Individual IT Return  2. Computation of Income Schedule  3. 1-year audited P&L  4. Last 3 months bank statement

Borrowers can use a personal loan EMI calculator to calculate their instalments every month.