Calculate Citibank Loan Against Property EMI

Total Payments-


Total Interest-
Principal Amount-
Total EMI


View Details
  • Loan Amount
  • Interest Rate
  • Your EMI
  • Tenure
  • ₹5,000,000
  • 6.9%
  • ₹0
  • 15

Citibank Loan Against Property Details

Citibank is amongst the oldest financial institutions functioning in India. Over the years, the multinational bank has built up a sizeable Indian clientele by offering some of the most attractive products. The home loan from Citibank is a popular product among urban clientele. The Loan Against Property is another beautiful product. Customers favour this product because of its excellent features. This product enables customers to avail of a sizeable amount for meeting personal and business requirements.

Additional Info: Also Apply for Home Construction Loan

Citibank Loan Against Property - Features

Following are the features of Citibank Loan Against Property:

  • Loans available up to 5 Crores
  • A maximum loan of up to 70% of the value of the property
  • Loans available against a residential house
  • Flexible repayment tenure up to 15 years
  • Loans against Property available for meeting personal and business needs
  • Individual needs can range from buying a new property to funding your children's education. Borrowers can pay off existing debts using a Loan Against Property.
  • Business requirements can be anything from meeting daily needs to purchasing new machinery and expansion of the business.
  • Citibank offers attractive rates of interest on its loans against property
  • Facility to borrowers to calculate their loan EMIs in advance using the Loan Against Property EMI calculator.
  • Citibank also offers facilities to calculate your loan eligibility

You can also Apply for 50 Lakh Home Loan

Citibank Loan Against Property EMI Calculator

Calculating the Loan Against Property EMI is essential as it provides an insight into how much the borrower can afford to pay as EMI. It also helps them to understand their liability, thereby helping to plan the finances better. Calculating the EMI has now become easy because of the EMI calculator provided on the Citibank Loan Against Property webpage.

  • Visit the Home Loan EMI Calculator option on the loan against the property webpage
  • The EMI calculation is the same for all types of loans
  • Enter the loan amount
  • Check out the interest rate by referring to the interest rate chart on the website
  • Provide details of the loan tenure
  • Click on the Calculate option to get your EMI
  • You get your EMI instantly
  • Besides, you also get the entire repayment schedule, also known as the loan amortisation schedule.
  • The same page also has a link using which applicants can apply for their Loan Against Property

Additional Info: Best Home Loan Interest Rates @6.70%

Factors That Affect the Citibank Loan Against Property EMI Calculation

The following factors affect EMI calculation:

  • The loan amount: The higher the loan amount, the more significant is the EMI
  • The rate of interest: The higher the rate of interest, the more is the EMI
  • The repayment tenure: The more extended the mandate, the lower is the EMI

This EMI calculator does not account for the moratorium factor.

Additional Info: Also check 75 Lakh Home Loan EMI

Citibank Loan Against Property EMI Calculator - An Example

This example will show how the factors described above affect the EMI:

Loan AmountRate of InterestRepayment tenureEMI
 10 Lakhs6.90%5 yearsRs. 19,754
 10 Lakhs6.90%10 yearsRs. 11,559
 10 Lakhs6.90%15 yearsRs. 8,932
 15 Lakhs6.90%5 yearsRs. 29,631
 15 Lakhs6.90%10 yearsRs. 17,339
 15 Lakhs6.90%15 yearsRs. 13,399


  • The EMI varies in direct proportion with the loan amount and rate of interest
  • The EMI is inversely proportional to the repayment tenure

Additional Info: Also check Pan Number for Banks

Citibank Loan Against Property - EMI Calculator Concept

Citibank charges interest on a daily reducing balance basis. This method of calculating interest ensures the maximum benefit to the borrower. It considers the instalment paid during the month when calculating the interest for the specific month. This example will set things at rest.

  • Consider that the loan outstanding as of November 30 is 10 Lakhs
  • The rate of interest applicable to the loan is 6.9%
  • The borrower pays the same on December 10
  • Therefore, the interest calculation for December will be as follows:
  1. Interest @ 6.9% on 30 Lakhs for 9 days
  2. Interest @ 6.9% on 29.50 Lakhs for the next 21 days

This method of calculating interest is beneficial to the borrower. At the same time, one should also look at how NBFCs calculate the interest on the same account. NBFCs calculate interest on a monthly reducing basis.

  • The interest calculation as per monthly reducing basis for December works out to:
  1. Interest @ 6.9% on 30 Lakhs for 31 days.

This method does not account for the EMI paid on December 10. It will in the closing balance for December. Therefore, the borrower gets the benefit from January. He/she loses the benefit of interest on the EMI amount for 21 days. As this happens every month, it cascades into a substantial amount by the end of the tenure. Therefore, it is not a beneficial calculation from borrower's viewpoint.

Additional Info: Also check ICICI Home Loan EMI Calculator

Citibank Loan Against Property EMI Calculator - Alternative Methods

Calculating the EMI is a complicated process. It is not possible to do a mental calculation. You need specific tools to determine the EMI amount of any loan. Various EMI calculators are available on the internet. One such excellent tool is available for free at MyMoneyMantra.com.

MyMoneyMantra EMI Calculator

The MyMoneyMantra EMI Calculator works on a similar principle because the mathematical formula for calculating the EMI is the same.

  • Visit the official home page of MyMoneyMantra
  • Select the Financial Tools option
  • Choose the EMI calculator
  • Enter the required data like loan amount, interest rate, and the repayment tenure of the loan.
  • Click on the Calculate EMI button to get the EMI along with the interest amount payable on the loan for the entire loan tenure.

Calculating EMI using MS Excel Tables

MS Excel offers a simple formula for calculating the loan EMI.

  • Click on the required cell
  • Type the following on the Formula bar
  • =PMT(rate, nper, pv)
  • Get the EMI for the desired values of the principal loan, rate of interest, and the tenure
  • PMT denotes EMI
  • Rate is the home loan interest rate in months (for example 12% = 12/12*100 = 0.01)
  • Nper is the loan repayment tenure in months
  • PV is the principal loan amount (also known as Present Value of the loan amount)

EMI Calculator - The mathematical formula

For academic interest, one should know how the EMI calculator works behind the screens.

Equated Monthly Instalment = [P x R x (1+R)^N] divided by (1+R)^N-1

  • P represents the principal loan amount
  • R stands for the rate of interest in months (10% = 10/12*100 = 0.0083
  • N stands for the number of months in the repayment tenure of the loan

Therefore if the loan amount is 1 lakh, the rate of interest is 12%, and the number of instalments is equal to 24. Then, the EMI works out as follows:

EMI = [100,000 x 0.01 x (1+0.01)^24] / [(1+0.01)^24 -1]

EMI = [1,000 x (1.269)] / [1.269 - 1]

EMI = 1000 x 1269 divide by 0.269

EMI = 4,717.00

Additional Info: Also check HDFC Home Loan EMI Calculator

Citibank Loan Against Property EMI Calculator - Advantages

  • The borrower determines the monthly liability before applying for the loan
  • The applicant can calculate his/her loan affordability by doing a quick reverse calculation
  • The borrower can verify whether the bank has stipulated the accurate EMI
  • Some of the EMI calculators offer the facility of an amortisation schedule. The Citibank EMI calculator provides the same.

Additional Info: Also Apply for Home Construction Loan

Citibank - Other Loan-specific Calculators

Besides the EMI calculator, Citibank offers a Home Loan Eligibility Calculator and a Home Credit Shrinker.

Home Loan Eligibility Calculator

This calculator can also be used for calculating the eligibility of the Loan Against Property. The calculator tool consists of three pages.

  • Enter your monthly income, rental income, and other income on the first page
  • Proceed to enter your monthly liabilities, if any, on the second page. You have to enter the interest rate on this page.
  • The third page requires you to enter data like the amount of down payment you can afford and the tenure you would like to choose.
  • Click on the Calculate option to get your loan eligibility
  • If you enter accurate figures, the calculator provides an accurate description of the amount you could become eligible for.

Home Credit Shrinker

Additional Info: Also check Banglarbhumi West Bengal Land Record

Amortization Table

YearOpening BalanceAmount paid by customer (EMI*12)Interest paid during the yearPrincipal paid during the yearClosing Balance

Citibank Loan Against Property EMI Calculator FAQs