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CITIBANK HOME LOAN 

About Citibank Home Loan :

Citibank is a multinational financial services company , was first founded in 1812 in New York. It began its operations in India way back in 1902. Started in Kolkata, it is one one of the biggest investor banks in the country today. It provides a wide range of financial products and offers to its customers. Different banks have different criteria and terms to validate a person's business. Citibank has over 35 branches in India where you can avail service.

Citibank home loan is available for both salaried employees and self employed. It offers a home loan at a competitive rate of interest. Citibank home loan to help you make your dream home into reality. It can be availed for the purchase of the under construction property and ready property. Citibank also offers flexibility to pay interest only during the construction period and financing of upto 80% of the property value.

Benefits of Citibank Home Loan :

1. Competitive rate of interest starts at 7.34% to 8.29% per annum.

2. Flexible loan tenure period upto 25 years 

3. Easy home loan upto Rs.10 crore

4. Pre-approved home loan facility available 

5. No guarantor required

6. No pre payment charges available 

7. Financing of upto 80% of the property value

8. Citibank home loan is available for salaried and self employed

9. This bank also offers flexibility to pay interest only during the construction period.

10. Simple and less paperwork 

Fees and Charges of Citibank Home Loan :

TYPE 

CHARGES 

Processing fee

Upto 0.40% of the loan amount plus GST

Foreclosure charges 

NIL 

Penal interest 

2% over the prevailing interest rate on the outstanding amount of loan for the default period

Application fee 

Upto Rs.5000

Booking fee

Upto 0.40% of the loan amount sanctioned 

Collected at the time of loan documentation and is non refundable 

Cheque bounce charges 

Rs.500

Repricing fee

No charges 

Eligibility Criteria for Citibank Home Loan :

ELIGIBLE 

Salaried employees and Self employed

AGE 

For Salaried employee = 23 years to 60 years 

For self employed = 23 years to 65 years 

NATIONALITY 

Indian resident / NRI

EXPERIENCE 

2 years 

CIBIL SCORE 

650 and Above

Documents Required for Citibank Home Loan :

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Compare other bank home loan interest rates :

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Other products of Citibank :

1. Citibank Home loan

2. Citibank Personal Loan

3. Citibank Credit Card

How to apply for Citibank Home Loans :

There are two ways to apply for home loans from Citibank :

1. Offline Method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of Citibank

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “Home loan”

  • Now click on apply now and fill application form 

How to contact with Citibank :

1. By customer care contact number : 18602102484 / 18002662400 

2. By customer care email id : customercare@citi.com

How to calculate EMI of Citibank Home Loan

With the following formula we can calculate EMI of Citibank home loan

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where, 

EMI stands for Equated Monthly Installments

P stands for the loan amount.

R stands for the interest rate per month.

N is the time period given by the bank for repayment.

Financials products offered by banks :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Citibank Home Loan Frequently Asked Questions :

1. 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.

2. 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.

3. 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..

4. 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.

5. 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.

6. Who is eligible to take a home loan from Citibank?

Salaried and self employed are eligible to take a home loan from Citibank.

7. 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.

Last Updated on : 18/Aug/2020

Know More About

Citi Bank Home Loan

You're eligible for a Citi Bank Home Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Citi Bank Home Loan Interest Rates

Updated on 25 Nov 2017

Citi Bank Home Loan Details
Interest Rate (Monthly reducing balance) 7.34% - 8.29%
Processing Fees upto 0.40% of the loan amount plus GST
Loan Tenure 1 year to 25 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959