More Details on Personal Loan

A Citibank Personal Loan enables you to plan for the year ahead. Whether your resolutions involve paying for education expenses, home renovations or other personal endeavors, it is now within your reach.

Main Benefits

1. High loan amount
2. Low pricing
3. Fast approvals.

Overview of features

1. Loan repayment period is up to 48 months.
2. You require a minimum salary of AED 8,000 per month to be eligible
3. It is a requirement to transfer your salary to apply
4. The processing fee is 1% of the loan amount [Min AED 500; Max AED 2,500].
5. The early settlement fee is 1% of outstanding principal.
6. Insurance is optional on this product
7. The rate is calculated on a reducing basis and varies between 6.99% and 14.99% depending on customer income and loan amount.
8. The reducing rate of this finance is 6.99% and the equivalent flat rate is 3.85%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only

* This product is subject to eligibility conditions and may not be available for all applicants. Eligibility conditions are set by the service provider and may be subject to change.