Current dated Salary Certificate (3 months on current job)
Last three months bank statements (with salary transfer)
Minimum (fixed) monthly salary of only AED 10,000
Passport copy / Emirates ID Copy
Direct Debit Form
What kind of personal loans does Citibank offer?
Citibank offers two kinds of personal loans:
Personal Installment Loans (PIL) without salary transfer. No Account required with Citibank
Salary Transfer loans (STL)
Do I need to transfer my salary to Citibank to avail a Personal Loan?
Our Personal Installment Loans of up to AED 175,000 is available without salary transfer. However, Salary transfer loans amounts warrant the transfer of salary. In case, you are not able to transfer your salary to Citibank, you will be able to apply for the Citibank Personal Installment Loan which does not require you to transfer your salary to Citibank.
What can I do with a Citibank Personal Loan?
You can use the loan amount for a variety of reasons, like:
Down payment towards mortgage
Down payment for car purchase
Pay off other credit card balances
Other annual commitments in home country etc.
Interim short term needs
Do I need to provide any security/collaterals against my loan?
You will need to sign cheques covering the value of your loan amount, but you are not required to pledge any assets as collateral against the loan.
How do I apply for a Citibank Personal Loan?
We are available to serve you in the following ways: Branch: You may walk into the nearest Citibank Branch. Email: Write in to us at firstname.lastname@example.org for your query, request or feedback. CitiPhone: You may call our 24-hours CitiPhone Banking Services on +971 4 311 4000 Apply Online: Submit a lead on the loans page on www.citibank.ae SMS: SMS ‘LOAN’ to 2484 and our bank representative will get in touch with you within 48 hours
What are the key benefits of obtaining a Citibank Personal Installment Loan?
The key benefits of obtaining a Citibank Personal Installment Loan are:
Loans of up to AED 175,000 (No salary transfer to Citibank required)
Loan amounts of up to 7 times of your salary
Competitive interest rates
Approvals in 1 day
Loan funding in 1 day
Tenors of 6 months up to 48 months
What is the minimum salary required to obtain a Citibank Personal Installment Loan?
Minimum fixed salary required to obtain a Citibank Personal Installment Loan is AED 8,000
What are the main costs associated while availing a Citibank Personal Installment Loan?
The upfront costs pertaining to a loan is the processing fee of 1% of the loan amount (Processing fees – Min AED 500 and Max AED 2500).
What is the minimum and maximum tenor for a Citibank Personal Installment Loan?
Minimum tenor: 6 months
Maximum tenor: 48 months
How the monthly installment payment is calculated (EMI payment)?
EMI also known as equated monthly installment is calculated using the total loan amount, the interest rate charged, the tenor of the loan and 1st installment payment date.
When do I have to pay my first installment?
The installment due date will be linked to the day on which your salary gets credited and will be communicated to you by the bank.
What documentation do I have to submit in order to avail a Citibank Personal Installment Loan?