Citibank Loan Against Property Details

Citibank LAP Amount

Against Residential Property: Rs. 5 lakh to Rs. 5 crore

Against Commercial Property: Up to Rs. 3 crore

Loan to ValueUp to 70% of property value
Interest rate6.90 % p.a onwards
TenureUp to 15 years
Processing FeeUp to Rs 5000
Foreclosure FeeNIL

Additional Reading: How to get loan for low cibil score?

Citibank Loan Against Property: Features & Benefits

  • Citibank offers high value property loans up to Rs 5 crore.
  • Avail hassle free funding up to 70% of the property value.
  • You can apply for loan against rental, residential or commercial property.
  • Citibank extends flexible tenure up to 15 years for LAPs.
  • Processing fee for Citibank Loan Against Property is nominal with capping at Rs 5000.
  • No restriction is placed on the end use. Funds can be used for purchase of machinery, debt consolidation, property purchase, education etc.
  • Citibank LAP can be availed in locations such as Ahmedabad, Chennai, Delhi NCR, Jaipur, Kolkata, Mumbai, Pune, Coimbatore, Chandigarh, Hyderabad and Surat.
  • Existing borrowers can apply for top up and/ or takeover plus enhancement.
  • Exclusive Home Credit option is available as OD for select customers.

Citibank Loan Against Property Interest Rates

Types of LAPRate of Interest

LAP Loans to manufacturing / service units

(Medium & Small Enterprise under Priority Sector Lending)

TBLR 3M + 3.46% p.a. to TBLR 3M + 4.21% p.a.

Effective Rate: 6.91% to 7.66% p.a.

Home Credit Mortgage Loans to manufacturing / service units

(Medium & Small Enterprise under Priority Sector Lending)

TBLR 3M + 3.81% p.a. to TBLR 3M + 4.56% p.a.3.45

Effective Rate: 7.26 % to 8.01 % p.a.

Other Loans

(Non Priority Sector Lending)

TBLR 3M + 4.31% p.a. to TBLR 3M + 5.06% p.a.

Effective Rate: 7.76% to 8. 51% p.a.

Other Loans with Home Credit

(Non Priority Sector Lending)

TBLR 3M + 4.66% p.a.to TBLR 3M + 5.41% p.a.

Effective Rate:  8 .11 % to 8.86% p.a.

Currently 3 month TBLR is 3.45%

Additional Reading: How to increase cibil score?

Citibank Loan Against Property Eligibility Criteria

You should be at least 21 years of age and have a continuous work experience of at least 3 years and 2 years of cash profit in your business, excluding carry forward losses to avail a Loan Against Property from Citibank.

Citibank LAP Eligibility Criteria
AgeSalaried: 21 to 60 years
Self Employed: 21 to 65 years
LTVLoans up to 70% of the property value
Loan AmountRs 5 Lakh to Rs 5cr for Residential Properties
Rs 5 Lakh to Rs 3 Cr for Commercial Properties
Minimum IncomeRs 25000
work experience for Salaried3 years continuous
Self Employed Business2 years of cash profit
Credit Score650 to 750 for  3cr
750+ Above  3cr & Max  5cr
Fixed Obligations to Income Ratio0.6

Documents Required for Citibank Loan Against Property

Following documents are required to process loan against property application:

Type of DocumentSalaried EmployeeSelf-Employed
Income Proof

Salary slips of last 3 months or salary certificate

Bank statement/ copy of passbook with last 3-6 months history

Last 3 years’ Income Tax Return duly certified by CA

Bank statement

Copy of passbook of recent 3-6 months

Income Continuity

Form 16

PF statement

Appointment Letter

Balance Sheet

P&L Statement for recent 3 years including schedules and Annexures

Identity Proof (any one)


Voter ID


Driving License

Aadhar Card


Voter ID


Driving License

Aadhar Card

Employment StabilityNature of job & experienceProof of business registration & GST incorporation certificate
Passport sized photographsTwoTwo
Address proof

Registered rent agreement


Utility bill (up to past 3 months)

Leave & license agreement

Registered rent agreement


Utility bill (up to past 3 months)

Leave & license agreement

Other documents

Employment contract

Appointment letter (Job is less than 1 year)

Cheque of processing fee in favour of Citibank

Cheque of processing fee in favour of Citibank along with application fee

Citibank Loan Against Property Fees & Charges

Type of ChargeAmount of Charge
Processing Fee

Application: Up to Rs 5000

Booking: Up to 0.75% of loan amount


Individuals: NIL


Initial 3 years: 4%

After 3 years: 2%

Late payment2% over prevailing rate
Cheque/ NACH/ SI BounceRs 500

How to Calculate Citibank Loan Against Property EMI 

You can instantly calculate Citibank loan against property instalments using LAP EMI Calculator. Share loan amount, interest rate and tenure in the calculator and both EMI & repayment schedule will be provided to you.

Here is calculation of Citibank LAP EMIs at 6.90% p.a. for 5, 10 & 15 years for various loan amounts.

Loan AmountEMI for 5 years @6.90% p.a.EMI for 10 years @6.90% p.a.EMI for 15 years @6.90% p.a.

 You can use the calculator to assess loan affordability and make an informed decision.

Additional Reading: Top Credit rating agencies in India

Citibank LAP Comparison with Other Lenders

Bank/HFCLowest Interest RateMax Processing Fee
Citibank Loan Against Property6.90%.75% of loan amount
SBI Loan Against Property6.70%0.50%
HDFC Loan Against Property7.50%0.75%
PNB Housing LAP8.75%0.75%
Kotak Bank LAP9.25%1.00

Citibank Loan Against Property Customer Care

Citibank is a customer friendly lender.

Individuals as well as business owners can avail hassle free funding from Citibank.

You can contact Citibank LAP Customer Care at 1860 210 2484 (9 am-7 pm, from Monday to Saturday)

Local call charges will apply.

Call +91 22 4955 2484 if calling from outside of India.

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Pre-Approved ICICI Loan Against Property @8.35% p.a 

ICICI bank loan against property up to Rs. 5 Crore can be availed of online as well as offline by salaried and self-employed applicants. The LAP can be for applied for business expansion, long term working capital, debt consolidation, equipment purchase, medical exigency, education/ marriage of children, holiday and much more. Higher loan amounts are available for select customers. 

CITI BANK Loan Against Property FAQs

What is maximum Citibank LAP Amount I can avail?


You can avail maximum of Rs 5 crore as loan against residential, commercial or rental property. The loan amount will go up to 70% of the property value.

How do I avail Citibank Property Power Loan (Loan Against Property)?


To leverage the best value of your commercial/ residential property, apply online for Citibank Property Power Loan. The application process will be started instantly. All you require along the application is KYC and property documents. Online applications also result in shorter turnout time.

What is the maximum tenure for Loan Against Property?


You can apply for Citibank Loan Against Property for 5 to 15 years according to your requirement. There is complete repayment flexibility available to customers.

Which are the cities where you can avail Loan Against Property from Citibank?


Citibank extends Loan Against Property at following locations: Ahmedabad, Chennai, Delhi NCR, Jaipur, Kolkata, Mumbai, Pune, Coimbatore, Chandigarh, Hyderabad and Surat.

What is the maximum Loan to Value (LTV) that I can avail for Citibank LAP?


You can avail maximum City bank LAP for up to 70% property value.

Can I avail a top-up loan on my existing Loan Against Property?


Yes, Citibank offers hassle free Top Up to existing loan against property customers. To qualify for top up, you need to meet basic loan eligibility criteria.

How long will my loan application process take?


A mortgage approval requires multiple verifications and assessments which takes a few days. Thus disbursal of LAP loans can take 2 -7 working days.