Many people experience a drastic financial crisis and because of that they eagerly want financial support or help but we have a belief that getting financial help from the bank is little exhausting.
Actually, believe me, I can relate to this. However, we can apply for a personal loan on the Pan card and get money within 4 hours in our respective bank accounts. In this article, we will discuss Personal loans on Pan card 2021. This scheme is provided by Citibank.
Why choose this bank?
The Citibank requires no documents for verification and the loan money will be provided within 4 hours in the account. The bank states that they will provide the money in 2 hours. Still, to be on the safe side I extended the time.
Eligibility criteria for Personal Loan
Eligibility criteria are defined on the given basis:
- It depends on your age. Your age should be between 21 to 60 years.
- Citibank personal loan depends on your profession whether you are salaried or self-employed.
- You will be eligible for a personal loan if your minimum income is 15,000 per month.
We can apply in Citibank for a personal loan between 50,000 to 3 lakhs. The minimum amount is 50,000 and the maximum amount is 3 lakhs. Make sure your loan remains in between these amounts.
As we all know, the bank takes some interest if you ask for some financial help from them. Similarly, Citibank loan rates start from 10.5%.
As 2020-21 statics here are some of the banks and their interest rates:
|Bank Name||Interest Rate per year|
|Bank of Baroda||10.50%|
|Bank of India||9.35%|
|Muthoot Finance||Not defined|
|Punjab National bank||8.45%|
|Standard chartered bank||11%|
|State Bank of India||9.60%|
|Union Bank of India||8.90%|
Official Link: https://www.online.citibank.co.in/
How to apply for a personal loan
To apply for a personal loan in Citibank, follow the instructions given below:
Step 1- To apply for a personal loan in the city bank, you need to visit their official site. We have mentioned the link. From here you can enter into the official site of the Citibank.
Open your chrome browser and search Citibank loans.
Step 2 – This is the Official Website of Citibank. On the left side, you will get an option of Loan in the uppermost column. Click on that.
Step 3 – You will get there a number of choices. Click on the First One “Loans”.
Step 4 – A new tab will open from here. As you can see there are several loan options given vertically. You can select anyone from here. For here we are going to choose personal loans. Click on a personal loan. Now scroll down and click on the option of ” Know more and Apply”.
Step 5 – From here you need to submit some of your details by writing it down. First of all, They will ask you if you have a Citibank salary Account or not? If you own a Citibank salary Account then click on the yes check box otherwise No. Now fill your Name, Mobile Number, City, Occupation, Monthly Income, Pan number and then go for the Submit option.
Step 6 – Now, a new page will be shown where they will inform you that they got the information about your interest in the Citibank loan. Sooner Call centers will call you and confirm all the details or are you eligible or not. After that, you can get the loan from Citibank.
This is the whole process through which anyone can apply for the loan provided that he/she will be eligible for the Loan. Follow the given steps to apply online for the loan. No documents are needed to submit. They will only ask for your Pan Number for the verification process.