Citibank Credit Card

Citibank Credit Card

‘Less is more’ is what Citibank follows when it comes to credit cards. The bank offers one credit card for each category making it easy for the customer to make a choice. Citibank offers credit cards for travel, fuel, lifestyle, cashback and rewards.

Bank Name1st Year Fee Rewards Joining Perks Tenure Range  

Citi Cashback Card
Rs 1,000
10 miles/100 spent
on flight tickets and
hotel bookings made on
the Premier Miles
website and with
select partners


10,000 miles1-30 Years

Citibank is Rated as “Great!” by 2498 Users

Citibank started its banking operations over a century ago in 1902. Now, Citibank is a significant market player and foreign investor in the Indian financial market. Citibank has an operational presence of over 45 branches in 28 cities. The bank serves to the banking needs of an elite clientele by offering services in personal finance, investment banking and asset management. Citibank’s comprehensive credit card portfolio has cards under travel, shopping, fuel and lifestyle categories. With countless benefits accompanying each card, Citibank’s credit card will also reward you handsomely with each spend.
Citibank India offers a wide range of consumer, retail and corporate banking products and services. Products cover every segment of the society, right from salaried class, emerging affluent, the affluent and all the High-Net-Worth individuals.
Apart from the general accounts like Savings Accounts, Current Accounts, Salary Accounts, etc., the bank has been a major player in the Citibank segment with about 2.3 million credit cards in force.
Further, the bank offers several types of loans like Citibank loans, personal loans, car loans and so on also.

Citibank

The practical aspects of buying, constructing or renovating a house involves immense responsibility, impeccable research and thorough planning. For most of us, getting the right Citibank scheme (which perfectly suits our needs) and repaying it with an interest can be a mammoth task, or maybe quite impossible. Though some people settle for a mortgage, it may not be the wisest option. In this scenario, the best thing to opt for is a comprehensive Citibank plan. Most leading banks extend financial assistance to customers in the form of Citibank Citibank, with the purpose of helping them to buy a house.CitibankBank is one on of India’s largest private sector banks.

 

Some of the Best Features Provided By Citibank are as follows:

  • It is a really a very quick and easy process to get a Citibank from CitibankBank.
  • With a higher eligibility, the bank also offers lower EMIs at affordable and attractive rates of interest.
  • Keeping up evolving technology, Citibankbank has introduced a new system by which you can go through the application process Tablet and Smart phone. This ensures faster processing and quick disbursal of the Citibank.
  • You can avail Citibank from Citibankto buy your dream house (of your choice), or from Citibankbank’s approved projects.
  • They also offers pre-approved Citibank Citibank to selected customers, and existing customers get to enjoy reduced documentation process.
Features and benefits of Citibank Credit Card
  • Affordable interest rates and both floating and fixed options
  • The Citibank can be sanctioned before selecting the property
  • A really smooth simplified documentation process and even faster documentation process for existing customers
  • You get the freedom of enjoying a longer tenure with lower EMIs
  • The ‘Balance Transfer’ feature allows you to transfer your existing Citibank availed from any other bank, to CitibankBank. This is for you to enjoy long term savings.
  • With the Balance Transfer feature, you can enjoy up to additional top up Citibank amount. This can be up to 100% of the original Citibank.
  • The bank’s Citibank page provides unique online tools like Eligibility calculator and EMI calculator. With the eligibility calculator you can find the Citibank amount you are eligible to avail for, and the EMI calculator calculates the monthly repayment amount towards the Citibank.
  • Selected customers can enjoy pre-approved Citibank Citibank.
  • Up to 30 years of Citibank tenure available
  • Enjoy a fixed interest rate for the first 10 years, and thereafter a choice of fixed or floating interest rates.
Citibank eligibility criteria:
  • Applicants must be at least 21 years old when the Citibank is sanctioned.
  • The entire Citibank must be repaid at or before the age of 65 years.
  • Applicant must be self-employed or salaried with a regular income source.
  • The co-applicant’s age must be at least 18 years.
 Citibank interest rates

Before we get into the absolute numbers, it is essential to know how the interest rates are actually calculated. Like other Citibank Citibank available from other banks in India, CitibankBank Citibank Citibank also offer an MLCR based interest rate calculation. It is essential to understand that the CitibankBank floating rate Citibank is benchmarked to I-MCLR-1Y. Below mentioned floating rates are linked to I-MCLR-1Y (One year MCLR) benchmark rate. I-MCLR-1Y is 8.55%. But the interest rates are calculated differently for different groups based on demographics.

 Citibank interest rate for self employed borrower (Floating Interest Rate)
Loan amount Effective Rate of Interest Rate
30 lacs to 75 lacs 9.15% I-MCLR-1Y + 0.50%
Above 75 lacs9.20%I-MCLR-1Y + 0.55%
 Citibank interest rate for salaried borrower (Floating Interest Rate)
Loan amount Effective Rate of Interest Rate
30 lacs to 75 lacs 9.10% I-MCLR-1Y + 0.45%
Above 75 lacs9.20%I-MCLR-1Y + 0.55%
 Citibank interest rate for women borrower- self employed (Floating Interest Rate)
Loan amount Effective Rate of Interest Rate
30 lacs to 75 lacs 9.10% I-MCLR-1Y + 0.45%
Above 75 lacs9.20%I-MCLR-1Y + 0.55%
 Citibank interest rate for women borrower- salaried (Floating Interest Rate)
Loan amount Effective Rate of Interest Rate
30 lacs to 75 lacs 9.05% I-MCLR-1Y + 0.40%
Above 75 lacs9.20%I-MCLR-1Y + 0.45%
 Citibank EMI calculator
Citibank offers unique and dynamic tools like EMI calculator and Eligibility calculator to help customers with choosing the right Citibank. With the use of the eligibility calculator you can find the Citibank amount you are eligible to avail for, by entering certain basic details/parameters, and the EMI calculator calculates the monthly repayment amount you need to make towards the Citibank. For this you need to enter basic details like the Citibank tenure and Citibank amount. Make use of these tools to get the best deal. Pradhan mantri awas yojana by Citibankbank

The CLSS or Credit Linked Subsidy Scheme has been announced by the Prime Minister of India, Narendra Modi under the Pradhan Mantri Awas Yojana. According to the CLSS under PMAY, everyone will have a house by 2022.

Under the housing for all by 2022 scheme, interest subsidy can be availed by the customers belonging to MIG (Middle Income Group), LIG (Lower Income Group) and EWS (Economically Weaker Section) for improvement, extension, construction and purchase of houses.

Features of PMAY schemes:
  • In case of MIG categories, the beneficiary family’s Aadhaar numbers are mandatory.
  • The interest subsidy benefit can be availed on the outstanding principal.
  • The subsidy can be availed for maximum tenure of 20 years or the tenure availed by the customer, whichever is lower.
  • No cap is there on the property’s cost or the amount of Citibank.
  • The NPV or Net Present Value of the subsidy is calculated at a discounted rate of 9%.
  • Any additional Citibank above the specified cap, will come with a non-subsidized rate.
Eligibility for applying PMAY scheme:
  • In order to be eligible for this scheme, the beneficiary family must not have received any central assistance under Housing of all by 2022.
Beneficiaries under PMAY scheme:
  • This particular scheme is offered to the families comprising of wife, husband and unmarried kids. Any adult member earning for himself/herself, irrespective of his/her marital status, will be treated as separate household under the Middle Income Group category.
  • The beneficiary family should not have a pucca house in any part of India. Even the family members cannot own a pucca house anywhere in India
Citibank balance transfer Citibankbank gives the privilege of lowering the EMI burden to its customers, and allows them to make savings by transferring their current Citibank scheme from any other Bank to Citibankbank. The balance transfer feature is very innovative and a very thoughtful gesture on the bank’s part.
FAQs on Citibank
  1. I have opted for the floating interest rate option on my Citibankbank Citibank. If there is a change in the rate, will it affect me? If so, then how?This depends on what your Citibank is linked to. If your Citibank is linked to FRR and PLR your rate of interest will reduce by 0.05%. This will happen due to the change in the FRR/PLR on June 26, 2015. Please note that this change will also correspondingly have an impact upon your EMI or Citibank tenor.
  2. I am a Citibank customer with an Initial /Renewable fixed rate of interest. What happens when the fixed rate tenure expires?As per the fixed rate Citibank, the Citibank is fixed for a stipulated period of time. The same would have been intimidated to you in the Citibank sanction letter. After the fixed rate period is over, your interest category of the Citibank would convert to floating rate. The applicable floating rate is decided based on a certain factor. This is the benchmark rate which is prevailing during the completion of fixed rate period.
  3. Do I have the freedom to choose the category of interest rate (fixed or floating) on my Citibankbank Citibank?With Citibankbank Citibank Citibank, borrowers can enjoy fixed interest rate for the first 10 years, and thereafter avail a choice of fixed or floating interest rates. The rate of interest varies according to certain factors like the Citibank amount, category of borrower, period of the Citibank and fixed or floating rate of interest.
  4. Is there any special concession on the Citibank interest rates offered by Citibankbank, for women borrowers?Yes, for women borrowers the starting rate of interest from Citibank is from 8.35% to 8.80%. The woman borrower needs to be the main applicant of the Citibank, or a co-owner in the financed property to avail the following rates of interest-
    • The floating rate of interest ranges from 8.65% to 8.80%.
    • The fixed rate of interest (for 5 years, 10 years) ranges from 8.70% to 8.90%
    • The full tenor fixed interest rate ranges from 9.70% to 10.05%
  5. If I want to close my Citibank, are there any charges on prepaying the Citibank?If the Citibank is availed on floating rate of interest, then there are no charges for this. If the Citibank has been availed on fixed rate of interest, then you need to pay 2% (plus applicable taxes) on the outstanding principal.
Why You Should Choose Citibank ?

Choosing a Citibank provider is challenging. Building a new Citibank is a dream to many, choosing the right bank takes you one step closer to make your dream come true. Many leading banks offer excellent Citibank Citibank with attractive features. CitibankBank is one such bank that offers Citibank Citibank that is specially designed keeping their customers in mind.

Excellent Citibank Improvement Loans From Citibank

People often require funds and opt for Citibank to renovate their existing Citibank. To help Citibankowners refurbish their house, CitibankBank is now offering Citibank improvement Citibank with attractive features.

Citibank Equity Loan Offered By Citibank

Citibank equity Citibank is trending these days. This type of Citibank is when a borrower uses the equity of the house as collateral. Many people opt for Citibank equity Citibank to take care of other expenses like Citibank renovations, medical expenses, or for higher education. One of the most popular Citibank equity Citibank in India is CitibankBank Citibank Equity Loan.