Citi Personal Loan without Salary Transfer

At the same time, selecting a personal loan plan that does not need an income transfer may prove to be the best choice for you. However, with Citibank, you will find several plans related to a personal loan in UAE without salary transfer.

Features and Benefits of Citi Personal Loan without Salary Transfer

With a personal loan in UAE from Citibank, you get sufficient funds to fulfil any financial requirement. Moreover, with the option to avail of this plan without any salary transfer, you can consolidate previous debt, buy a vehicle or new furnishings, and more by applying for a Citi personal loan. 

Given below are the most remarkable features of Citi Personal Loan without Salary Transfer:

1. High Loan Amounts - With a Citi personal loan in UAE, applicants can borrow an amount of up to AED 175,000.
2. Low Rates of Interest - Citi Personal Loans offer economic interest rates to help you keep your overall personal loan expenditures low. This allows users to enjoy the maximum benefits of a loan plan at minimal costs.
3. Flexible Loan Tenure - Citi personal loan in UAE has various customisable repayment lengths that range from 6 months to 48 months. However, it should be recognised that a long repayment duration carries higher interest rates but helps borrowers to better organise their budgets with lower monthly payments.
4. Loan Top-up - Noting the fluctuations in finances and financial requirements, Citibank allows customers to increase the amount of their personal loan anytime they see fit after a period of 9 months of taking the loan. However, before providing the loan, the bank will need to re-evaluate the applicant's eligibility and repayment potential.
5. Minimum Documentation - Citi personal loan paperwork requirements are restricted to only the most fundamental ones. To verify the details in your loan applications, the bank merely requires verification of identification and earnings through some common documents.

Interest Rates of Citi Personal Loan without Salary Transfer

Citi Personal Loan in UAE has judiciously set interest rates to cater to the needs of the customers without burdening the latter with exorbitant costs. Citibank provides the below-mentioned interest rates on their personal loan without salary transfer:

Documents Required for Citi Personal Loan without Salary Transfer

To allow the bank to assess your identity and repayment capabilities, you must provide it with the following documents when you apply:

1. Copy of the Passport or the Emirates ID 
2. Last 3-month Bank Statement

Note: Applicants should be aware that the bank may seek additional documentation from you during the loan application procedure as per its discretion and your application status.

Eligibility Criteria of Citi Personal Loan without Salary Transfer in UAE

To ascertain the applicant’s repayment capabilities, Citibank has set some eligibility requirements that must be fulfilled to have the individual considered eligible for the personal loan in UAE. The following are the prerequisites for a Citi Personal loan:

• Age: To apply for Citi personal loan without salary transfer, applicants must be at least 21 years old. Regarding the higher age restriction on the other side, you can always enquire with the bank regarding the same.
• Residency: Citi Personal Loans are available to UAE residents and citizens.
• Salary: The monthly salary requirement of the applicant must be at least AED 8,000.
• Additional Requirement: Applicants must have a minimum of 3 months of verifiable salary employment.

How to Apply for Citi Personal Loan without Salary Transfer?

Citibank has a rather quick and easy loan procedure. The process is as simple as completing an application form and submitting the same to the bank along with all the supporting documentation. Based on the documents supplied, the bank validates the applicant's loan eligibility, interest rates, as well as credit limit.

You can either apply for a Citi Personal Loan from the official bank website or via Policybazaar UAE. Here is a breakdown of both the application procedures:

 Via Policybazaar.ae

1. Begin the process by visiting policybazaar.ae, the website of Policybazaar UAE.
2. Among the loan types offered on the webpage, choose 'Personal Loan'.
3. Fill out the short form on the Policybazaar UAE personal loan page.
4. Compare the prices and characteristics of each loan plan before settling on the finest option as per your considerations.
5. On your preferred loan plan, click 'Apply Now'.
6. Complete the loan request form with the required data.
7. A Policybazaar UAE executive will get in with touch you to begin the loan application process.

You can also apply for a Citibank Personal Loan without Salary Transfer from the official Citibank website. Log in to the bank website and choose ‘Loans’ from the menu. Select ‘Personal Loan without Salary Transfer’ from the dropdown and click on ‘Apply Now’. Fill up the fields with the relevant data and submit the application form. A bank representative will call you to initiate the processing of your personal loan.

Individuals can go for a personal loan through their local Citibank branch. The process is essentially the same, with the mode of application being the only difference. However, a digital loan application method is advantageous as it vastly simplifies the loan application procedure and spares the applicant much time and effort.

When you borrow money, make sure the payments fit your monthly budget. Compare different loan options and choose the one that works best for you. All of this can be done in one place at policybazaar.ae.

Other Citi Bank Personal Loan Plans
Citibank Personal Loan for Salary Transfer

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