Following are Citibank Home Loan details:
|Loan Amount||Up to Rs. 10 Crore|
|Rate of interest||6.50% - 7.25%|
|Tenure||Up to 25 years|
|Lowest EMI possible||Rs. 675 Per Lakh|
|Application fee||Up to Rs. 5,000|
The benefits of availing Citibank Housing Loans can be summarised as:
Following are the Citibank Home Loan Eligibility criteria:
Additional Info: You can also avail Navi Home Loan
Citibank Home Loan Documents Requirement can be listed as:
*Documents required for all applicants
*In case of partnership firm/ company- proof of identity, residence & address are required from all partners/ directors.
|Income Proof Documents for Salaried|
|Income Proof Documents for Self-employed|
*copy of HUF deed required if HUF is an applicant
Tip: Check credit score before applying for a home loan
Citibank Home loans are linked to ‘Treasury bill linked lending rate’ i.e. TBLR. The external benchmark for Citibank home loan interest rate calculation is Government of India’s 3-Month Treasury Bill yields- as published by Financial Benchmarks India Private Ltd (FBIL).
The interest rate for Citibank Home loan resets quarterly. The dates for reset are March 1, June 1, September 1 and December 1 each financial year.
Currently Citibank’s Home Loan Interest Rates are:
|Takeover Enhancement |
(Home Loan Balance Transfer +To Up)
|Home Loan with Home Credit|
* Citibank home loan interest rates effective from July 26, 2021
* TBLR as of July 12, 2021 stands at 3.44% p.a.
Before signing up for a home loan, it is important to make note of Citibank Home Loan Schedule of Charges. Here is a comprehensive list including Citibank Home Loan Processing Fees, prepayment charges and so on:
|Application fee (non-refundable)||Up to Rs. 5,000, to be paid upfront for loan processing irrespective of sanction|
|Booking fee (non-refundable)||Up to 0.40% of sanctioned loan amount (to be paid during loan documentation)|
|Part prepayment charges|
|Charges for NACH/SI/Cheque bounce||Rs. 500 per instance|
|Penal interest||2% of the prevailing interest rate on the outstanding loan amount for the defaulted period|
*Applicable GST will apply to the charges mentioned above.
Currently Citibank Home Loan Interest Rate is one of the lowest in the market. Here is the comparison between top 5 home loan interest rate offers from leading lenders:
|Lender||Maximum Loan Amount||Maximum Tenure||Interest Rate||Processing Fee|
|Citibank Home Loan||Rs. 10 Crores||25 years||6.50% - 7.25%||Up to Rs. 5,000|
|Kotak Mahindra Home Loan||Rs. 5 Crores||30 years||6.65% - 7.30%||Up to 2% of the loan amount + GST|
|ICICI Bank Home Loan||90% of property cost||30 years||6.75% - 7.55%||0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST|
|SBI Home Loan||Rs. 10 Crores||25 years||6.75% - 8.50%||Nil till Aug 31.|
|HDFC Ltd Home Loan||Up to 90% of property cost||30 years||6.75% - 7.65%||Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes|
|Bank of Baroda Home Loan||Rs. 10 Crores||30 years||6.70% - 8.60%||Up to 0.50% (minimum Rs. 8,500 & maximum Rs. 25,000)|
Additional Info: How to get Bajaj Finserv Home Loan
Citibank Home Loans are currently available at lowest interest rate. The rates are linked to 2 month treasury bills. You can opt for any of the following repayment structures:
Home Credit Advantage- Home Loan Account is linked to current account. Interest is calculated on the daily reducing balance and thus offers maximum saving when you park your savings in this account.
Home Credit Vanilla option- Bank sets an overdraft line on the Home Credit Account. Interest thus saved go towards increasing line of credit. You enjoy greater liquidity & save on interest.
Home Credit Fast Track option- Repay home loan faster. Interest saved is adjusted for reducing loan outstanding & tenure.
Now, let’s take a quick overview on different types of Citibank Home Loans:
Additional Reading: Cibil score required for home loan
You can instantly Calculate Home Loan EMI Online with the help of Citibank Home Loan EMI Calculator.
Share loan amount, interest rate and tenure and voila, the calculator will determine EMI for you.
You will also get access to amortisation schedule for Home Loan.
You can use several combos to find the most affordable loan parameters for your financial health.
|Loan Amount (Rs)||EMI for HL @6.5% for 10 Years||for HL @6.5% for 20 Years|
You can contact Citibank Customer Care online:
Call 24*7 CitiPhone Numbers (applicable across India) from Monday to Saturday from 9 am to 7 pm:
You may register online at:
You can also download Citi Mobile App and avail their mobile banking facility.
Furthermore use website form for real time assistance for your queries.
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You can apply for a Citibank Home Loan through the following ways:
You can get up to 25 years of repayment tenure for Citibank Home Loans.
The bank provides Home Loan amount up to Rs. 10 Crore, depending on the type of loan and eligibility of the borrower.
The bank provides a maximum LTV of up to 80% of the cost of the property.
The applicant must be a minimum of 21 years of age at the time of applying for a Citibank Home Loan.
Yes, you can get a pre-approved Home Loan based on your income and repayment capacity. Based on the pre-approved loan amount, you can identify the property that you need to buy (subject to obtaining the final sanction by the bank).
Yes, after repayment of your existing Home Loan for more than 6 months, you can apply for an additional top-up loan from Citibank.
You can repay your Citibank Home Loan through NACH (National Automated Clearing House) or through SI (Standing Instruction) to your Citibank account.
Yes, the bank permits prepayment of Home Loan in part or full.
Semi Fixed Rate Loan is a loan facility wherein the interest rate offered is directly linked to the bank's TBLR. The interest rates on these loans remain fixed for initial tenure and then subsequently become variable after completing the initial tenure.