Guys,
Please think more than 10 time before taking loan from citibank.
I have had very bad experience with them.
Leave apart the interest rates their closure is much more painfull.
some key things to notice
loan can be closed after 6 emi’s. (By that time you would have paid most of the interest).
To close the loan you will have to give one month notice (So total becomes 7 months and if you have given notice in mid of the month count it 1.5 months).
Loan closure will take 7-10 days after realisation of DD/Cheque so it became 8 months approx. (Loan processing takes 72 hours while closure takes 7 Days :-( pathetic)
If your emi has gone through in that month that will be refunded to you through DD/cheque that also takes around 3-4 days.
In my case I have decided to close the loan on 20th of May and then 3 days they took in trying to convince me on not closing the loan by negotiating on the interest rate.
after that I have paid 2 emi month of June and month of july and now they are saying that amount will be refunded by DD/cheque till 15 July.
Regards
Rajeev