October 31, 2025

Citigroup, one of the biggest banks in the world, is shaking up the loan game! Starting Thursday, October 30, the bank will cut its base lending rate by 0.25 percentage points — from 7.25% down to 7.00%. This tiny drop might seem small, but it’s a huge deal for millions of borrowers. Why? Because it can save them hundreds of dollars every year, especially on bigger loans like personal loans or business credit. According to a Rollingout report, if you have a loan of $100,000, this rate cut means you will pay less interest annually. Who doesn’t want that? Citigroup says this move will make loans more attractive during these tough economic times when money is tight for many. But why now? Citigroup aims to stay strong in the lending market and could set a trend for other banks to follow. Since Citigroup works in over 100 countries and deals in services like banking, wealth management, and investment trading, its decisions carry a lot of weight globally. Financially, Citigroup is doing quite well despite challenges. It saw a steady revenue growth of 6.7% over the last three years and holds a solid net margin of 17.3%. However, analysts point out the bank’s debt-to-equity ratio is a bit high at 1.74, which needs careful watching. On the stock market front, Citigroup’s shares are priced with optimism. Its price-to-earnings ratio and price-to-sales ratio hover near historic highs, with experts suggesting the stock could hit around $112.73. Big investors believe in Citigroup too, holding nearly 78% of its shares. To sum it up, Citigroup’s new base lending rate of 7.00% kicks off on October 30. This rate cut could make your borrowing cheaper and might just start a popular lending trend among banks. So, keep your eyes open and wallets ready!

Read More at Economictimes →

Tags: Citigroup, Base Lending Rate, Loan Interest, Borrowing Costs, Bank Rate Cut, Financial news,