Affordable Student Loan from Citibank Financial Money lender
What is Citibank?
Education is an investment that we make so that our future can be prosperous. But managing the expenses for the education can be a costly affair. Even with the grants and scholarships, it is not possible to cover our full educational expenses. Citi Bank is a financial institution that can assist you in managing the expenses of your college or school by providing you student loan.
What are the different loans offered by Citibank?
The different kinds of loan that is offered by Citibank are Federal loan and Private Student Loan. The federal loan is divided into Stafford loan, Graduate loan and Parent Plus loan. The private loan offered by Citibank is for all undergraduate and graduate students and is offered to the students of law, medical, dental etc.
What are the features of Federal Stafford loan?
The features of Federal Stafford Loan are:
- Maximum loan amount that can be taken is $7,500 p.a. for undergraduates and $12,500 for the graduates
- The loan is subsidized as well as unsubsidized
What are the features of Federal Graduate Plus loan?
The features of Federal Graduate Plus loan are:
- There is no loan limit. The maximum amount you can borrow is the total cost of attendance
- Credit score is required
- The student has to be enrolled at least half time in a college or professional school
What are the features of Federal Parent Plus loan?
The features of Federal Parent Plus loan are:
- Borrow expenses for tuition, room, lab and transportation
- Good credit score is required
- The person has to be the parent of a dependent child
What are the features of Citibank Private Student loan?
The features of Citibank Private Student loan for the graduates and undergraduates are:
- Undergraduates can borrow up to $120,000
- Graduates can borrow up to $150,000
- Repayment period is of 20 years
- The interest rate depends upon the students’ credit scores
What are the features of Citibank Private Student loan for medical students?
The features of Citibank Private Student loan for the medical students are:
- The minimum loan amount that you can apply for is $1,000 and the maximum is $275,000
- An additional amount of $18,000 is made available for the board review courses, residency and relocation
- The student need to be a student of allopathy, dentistry, optometry etc
- The maximum time limit set to repay the loan is 25 years
- There is no pre payment penalties
What are the features of Citibank Private Student loan for law and bar exams?
The features of Citibank Private Student loan for Law and Bar Exam loan are:
- The maximum loan that can be borrowed is $180,000
- $15,000 is made available to cover expenses related to Bar exam
- The student must be studying in a law school certified by the department of education
- The maximum repayment time is 20 years
What are the advantages of obtaining loan from Citibank?
The advantages of obtaining loan from Citibank are:
- There is no penalties for pre payment
- The repayment options are very easy
- The rate of interest charged is not very high
- There is no hassles in obtaining the student loan on time
- The entire loan procedure is very quick
What are the eligibility criteria?
The eligibility criteria for availing a student loan from Citibank are:
- Permanent citizen of USA
- Age more than 18 years
- The school or college has to be a certified one
Financial Institutions
- Nelnet
- Panhandle Plains
- Regions Bank
- Sallie Mae
- SLFC (Student Loan Finance Corporation)
- Suntrust
- US Bank
- Wells Fargo
- Xpress
- Zions Bank