Are you looking for a Student Loan offered by Citibank? If yes, go ahead and have a glimpse of it.

Benefits

While it is obvious that any student would opt for a Federal Loan given the advantages, still you need an additional support for the shortfall in federal funding. This is when Citi Bank presents a private student loan offer. Your needs varying from books, students and school related expenses are covered under this loan.

• You stand to gain on the reduction in interest rates for consecutive payments and auto debit plans.
• No repayment worry while you are at school, the repayment liability would tentatively start close to 9 months after graduation or leaving the school.
• Loans are extended not only for the current year, but also for previous year expenses.
• Forget about the waiting time, apply and get a credit response within minutes.
• Get the advantage of paying the interest on Citi Assist student loan and getting a tax deduction for the same.
• You do not have to run around to know your loan approval and disbursement status. Online access and management enables you to know and make payments online.
• Do not forget that you are dealing with a bank that is best known for its 24*7 customer service.

Eligibility

Have you enrolled for a graduate study program? Have you completed at least half the study program? You are very much eligible to apply for a Citi Bank Students Loan. Also ensure you are at least 18 years of age (19 in Alabama and Nebraska and 21 in Mississippi and Puerto Rico). Being a Private Loan you may apply on your own or with your credit worthy co-signer. The strength of your credit report decides the loan approval.

Rates, Terms and Fees

Interest rates are as low as 4.50%. Citi Bank Annual Percentage Rate (APR) is indexed to the Prime Rate. Borrow the amount required to fully fund your educational expense taking into account the Federal support. Yes, it does need a certification from your school for the requested amount.

You have 20 long years for repaying your loan and the liability starts only after 9 months after the completion of your graduation. The fee charged depends on your credit worthiness.

Citi Bank also offers loans which are specific to a course of study, bearing few variations in the rate of interest and repayment period.