CITI Bank offers several types of personal loans to self-employed individuals, which may be available in the form of Personal loans, Personal savings accounts, and self-employed loans. They also offer Commercial loans to organizations that require funding for their various ventures, which can be used to finance expansion projects or to meet short-term financial obligations. If you are looking to apply for a personal loan in Kochi, then here are some of the ways by which you can do so.
Eligibility criteria of Citi Bank personal loan
Applying for a personal loan is easy and fast. Just complete the application online and submit all of the required information. If you have had problems making payments in the past, you should consider paying down some of your debt to increase your credit score before applying for a personal loan. By taking the appropriate steps before applying for your personal loan, you can ensure you get the best interest rate possible.
- The loan amount is offered up to Rs. 30 lakhs.
- The interest rate is offered as low as 10.99% only.
- The loan is approved within 4 hours.
- Funds can be directly transferred into your bank account within 48 hours.
Documents required for Citi Bank personal loan
Here are some documents required for applying for Citi Bank Personal Loan for self-employed individuals. Some essential steps are as under:
- First and foremost, you need to fill up an application form which is available online from the website of CITI Bank.
- Once this is done, you will receive a personal identification number (PIN), which is needed to access the bank’s personal loan facilities.
- After obtaining your PIN, the personal loans in Kochi will be able to be processed.
- You need not fax any documents or signatures in order to get a personal loan in Kochi.
- Instead, all you need to do is submit your details, including:
- Your name
- Any address or contact numbers
- Your income and monthly or annual earnings
- Your date of birth and your contact details.
- You also have to furnish the lender with copies of your latest bank statement
- Your proof of residence
- Your current proof of identities, such as your driver’s license or your Passport.
Other essential documents required for Citi Bank personal loan
Besides personal loans, CITI Bank offers a special Self-Employed Loan which allows its borrowers to obtain money without a personal loan, driving license, or any kind of security. This is done with the certain key points mentioned under:
- By submitting a copy of a voter ID (also referred to as an authentic document of identity) along with a valid payslip from the self-employed job.
- The payslip shows the hours a person has worked.
- His or her employer and the number of days of work covered by that particular payslip.
- Once you have filled in your voter id and payslip.
- The loan amount will be processed and the money transferred to your savings account in CITI Bank.
In addition, if you want a loan amount that is higher than the Self-employed loan limit, then you need to increase your earnings through various means, such as overtime, commissions, tips, and other such means of additional income. However, before you get a personal loan in Kochi, you must consider your financial needs carefully, considering the current conditions of your income, your financial status, and your long-term goals. In this regard, you must consider your long-term plans, for example, whether or not you want to buy a new house, buy a car or even pay off some debts.
Apply for Citi Bank Personal Loan Online
To apply for a personal loan, you will need a few things.
- First, you will need to determine your current financial standing. Personal loans come in various terms and rates. Therefore, it is important that you know exactly what rate you are currently paying.
- Second, you should also have an accurate bank statement to provide the lender with information on your previous borrowings.
- Lastly, you should have your social security number and current driver’s license in order to ensure the lender has the information necessary to process your application.
- You also have the option of getting CITI Bank financing online.
Here, you will be asked to provide some basic details for processing the loan:
- Personal Identification Number (PIN) together with the information required by the lender.
- Once this information is typed in, you will be directed to a secure site on the internet.
- Once there, you will be able to access your account at any time of the day or night.
- You may also view the personal loan balance on your screen, making it convenient for you to keep track of your expenditures.
Conclusion:
When you choose a personal loan from CITI, you will be provided with a personal bank checking account. This means you can use this account for both regular and automatic payments. Your payment history and balance will be recorded in the personal bank account. You can also set up automatic payments through CITI to your bank, cell phone, or credit line. Once your payment has been made, the funds will automatically be deducted from your savings or checking account.
