CITI PERSONAL LOAN IN UAE

Plan it your way

Apply for a personal loan in UAE and get a decision in 10 minutes with no processing fees and get AED 1,250 Noon e-vouchers.

Features

Apply with your ID only

Repayment periods from 6 to 48 months

Loan amounts of up to AED 175,000

Many people trust Citi Personal Loans for:

Home improvement

Turn your house into a home with the funds you need

Education

Get qualified for your dream job

A dream wedding

Turn your dream into a reality with memories that will last a lifetime

I am

My monthly income is

AED 8,000

8000

AED 8,000

AED 200,000

I need

AED 64,000

64000

AED 6,000

AED 175,000

Available repayment plans

Est. AED 1,748.89/month

for 48 months

Total payable: AED 83,946.94

EIR(p.a.) 14%

Est. AED 2,187.37/month

for 36 months

Total payable: AED 78,745.26

EIR(p.a.) 14%

Est. AED 3,072.82/month

for 24 months

Total payable: AED 73,747.79

EIR(p.a.) 14%

Est. AED 5,746.38/month

for 12 months

Total payable: AED 68,956.51

EIR(p.a.) 14%

Excludes Processing Fee of 1% of loan amount

New customers enjoy up to AED 1,250 Noon e-vouchers.

Approved Loan amount	Reward
<=75000	0% Processing Fees
> AED 75,000 & <= AED 125,000	0% Processing Fees + Noon e-voucher worth AED 250
> AED 125,000 & <= AED 160,000	0% Processing Fees + Noon e-voucher worth AED 500
> 160,000	0% Processing Fees + Noon e-voucher worth AED 1,250

Offer Terms and Conditions apply

Age: At least 21 years old

Citizenship: UAE Resident only

Minimum salary: AED 10,000 monthly

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:

Home improvement/renovation

Down payment towards mortgage

Down payment for car purchase

Children's education

Wedding

Pay off other credit card balances

Other annual commitments in home country etc.

Vacation

Emergencies

Investments

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 uaeservice@citi.com 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 1^st 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?
To avail a Citibank Personal Installment Loan you must submit the following documentation:

Current dated salary certificate (3 months on current job)/Pay slips

Last three months bank statements (with salary transfer)

Passport copy/Emirates ID Copy