CITIBANK HOME LOAN

Citibank offers you to choose among different home loan options that ensure you make your dream home a reality in the most convenient way. The bank brings you the home loan options packed with sound-good benefits. The interest rates are competitive and all the features are composed keeping your ease in mind. Let us get more into all that you need to know about Citibank home loan and see if this bank has what you are looking for. 

Citibank Home Interest Rates & Charges

Features and Benefits of Citibank Home Loan

Here are the key features and benefits of Citibank home loan:

• Home Loan for Different Purposes : Citibank home loan offers you to fund different plans that you have in mind for your dream home. You can avail home loan for different purposes such as purchase of a new house/flat or for the construction of house/flat. 
• Interest Rates : The bank  allows you to enjoy home loans at attractive interest rates. The Citibank home loan interest rates range from 6.75% per annum to 8.45% per annum.
• Loan Amount : The Citibank home loan amount you can avail is up to different factors such as the purpose, your income etc. The bank offers you the loan amount ranging from Rs 5 lakh to Rs 10 crore. 
• Loan Tenure : Citibank home loan features a flexible home loan repayment tenure which ranges up to 25 years. Besides that, the tenure you get to enjoy on a Citibank loan also depends on the bank’s discretion. 
• Balance Transfer : Citibank house loan features the balance transfer facility that enables you to transfer your existing home loan from another bank with a higher interest rate to Citibank loan with a lower interest rate. 
• Top-Up Loan : Citibank housing loan comes with the privilege to avail a top-up loan on your existing loan. If you have made home loan repayments for 6 months, you will be able to avail a top up loan. The top up loan amount is determined based on the bank's discretion. 

Citibank Home Loan Eligibility Criteria

Citibank home loan features attractive interest rates, flexible loan tenure and many other advantages to complement your convenience but you need to make sure you meet the Citibank home loan eligibility criteria in order to enjoy these perks. The bank has certain eligibility requirements that have to be met by the customers who wish to avail home loan. These requirements are based on factors such as income, employment, age etc. 

Here is the eligibility criteria for Citibank home loan:

• The minimum age of the applicant should be 21 years.
• The maximum age of the applicant should not be more than 65 years.
• The applicant should either be a resident Indian or an NRI.
• The applicant should be a salaried individual.
• The applicant should have a decent credit history. 

Documents Required for Citi bank Home Loan

Once you have made sure you are eligible for a Citibank home loan and it is time to apply for it, one important step you need to take is to ensure that you have all the documents required for a Citibank home loan. To avoid fuss at the time of application, it is best that you gather all the necessary documents that you need to submit at the time of home loan application. 

Here are the documents that are required for Citibank home loan application:

Citibank Home Loan EMI Calculator

Citibank Home loan EMI calculator is a tool that you can use in order to calculate the Equated Monthly Installments you will have to pay per month for your Citi home loan. The home loan EMI calculator is a useful tool that helps you calculate the EMIs and thus, plan your monthly budget accordingly. 

Here are the steps you need to follow to use Citibank home loan EMI calculator:

• Visit the official website of Citibank.
• Click the “Home Loans” section.
• Find and click on the “Tools and Calculators” menu.
• Now, hit the “Home Loan EMI Calculator” option.
• After that, you need to enter the home loan amount, rate of interest and the loan tenure (in months) to calculate the EMI.
• Once you have filled the fields, hit the “Calculate” button. 
• You will now be able to view the EMI on your Citi home loan.

Compare other bank home loan interest rates

How to Apply for Citibank Home Loan

Are you not sure how to apply for a Citibank home loan in the most convenient way? Well, there are different ways to apply for this loan which you can opt for suiting your ease. You can apply for the loan online or offline. You can also use CitiPhone platform to get assistance with the home loan application. 

Here is how to apply for Citibank home loan:

1. Apply for Citibank Home Loan Offline : If you want to apply for the Citibank home loan offline then you need to visit the nearest branch of the bank. The bank official will guide you through the home loan application and you will be able to get your queries answered right away. When visiting the bank to apply for a Citibank home loan, make sure you have all the required documents that you need to submit with the application. 

2. Apply for Citibank Home Loan Online

You can apply for the Citibank home loan application from the official website of the bank. It is probably the most convenient and fastest way to submit your home loan application without needing to go anywhere. 

Here are steps that you need to follow in order to apply for the Citibank home loan:

• Firstly, you need to visit the official website of Citibank.
• Now, spot and click on the “Home Loan” option at the top section. 
• Click the “Apply Now” button.
• Enter your details required in the fields on the application form. 
• Once you have filled the home loan application form, you need to hit the “Submit” button. 

Citibank Customer helpline

If you have any query or grievances related to the Citi home loan then you simply contact the Citibank customer service,

Here is the way to reach them:

CitiPhone: 1860 210 2484 (For domestic calling), +91 22 4955 2484 (for calling from outside of India)

Other loans offered by Citibank:

1. Citibank Personal loan

2. Citibank Business loan

3. Citibank Car loan

FAQs on Citibank Home Loan

Q.1 Can I prepay my Citibank home loan amount?

Yes. If you have sufficient funds to cover the home loan amount then you can prepay it. Besides that, you can choose to make part payments for the prepayment of your Citibank home loan amount. It is best that you go through the loan agreement to get more information about this facility and any charges that come with it. 

Q.2 What is the maximum LTV I can avail home loan for?

You get to avail the home loan of up to 80% of the value of your home. 

Q.3 Can I get my home loan pre-approved now and avail it later?

Citibank home loans can be pre-approved if you meet eligibility standards such as your income and repayment capacity. Note that the final sanction depends on the bank's discretion for which you must meet all the parameters designed by the bank. 

Q.4 How can I repay my Citi home loan?

You have multiple options to repay your Citi home loan. Here are different channels opting for which you can easily repay your home loan amount:

• Standing Instructions
• National Automated Clearing House 
• NEFT

Q.5 What is the minimum loan amount that I can borrow from Citibank for a home loan?

The minimum loan amount that you can borrow is Rs.5 lakh from Citibank for a home loan.

Q.6 How much interest rate is charged by Citibank for home loans?

The interest rate charged by Citibank home loan starts at 7.34% to 8.29% per annum.

Q.7 Will Citibank check my CIBIL score before approving my home loan application from Citibank?

Yes, the lender will check your CIBIL score since it is an indicator of your creditworthiness and repayment ability. If you are looking to borrow a home loan at a reasonable rate of interest, it is advisable to maintain a credit score of 650 or above..

Q.8 What is the maximum loan amount charged by a Citibank for home loan?

The maximum loan amount charged by a Citibank for home loan is Rs.10 crore.

Q.9 How much age is required of the customers to apply for a home loan from Citibank?

For salaried employees the age is 23 years to 60 years and For self employed the age is 23 years to 65 years is required to apply for a home loan from Citibank.

Q.10 What is the maximum loan tenure period of Citibank for home loan?

The maximum loan tenure period of Citibank for home loans is upto 25 years.