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.
|Loan Amount||Ranges from Rs 5 lakh to Rs 10 crore|
|Interest Charges||Up to 8.45%|
|Loan Tenure||Up to 25 years|
|Prepayment Charges||As per bank’s discretion|
Here are the key features and benefits of Citibank home loan:
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:
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:
|Identity Proof||Aadhar Card, Voter’s ID Card, Passport, Driving Licence||Aadhar Card, Voter’s ID Card, Passport, Driving Licence|
|Address Proof||PAN Card, Passport, Driving Licence, Voter’s ID Card, Utility Bills such as Electricity Bills, Water Bills etc.||PAN Card, Passport, Driving Licence, Voter’s ID Card, Utility Bills such as Electricity Bills, Water Bills etc.|
|Income Proof||Salary Slips, Bank Statements||Salary Slips, Bank Statements, Employment Contract for last 2 years|
|Other Important Documents||Documents Related to theProperty, Passport-size Photographs, Duly Filled Application Form||Documents Related to theProperty, Passport-size Photographs, Duly Filled Application Form|
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:
|AXIS Bank Home Loan||7.75% to 9.40%|
|SBI Regular Home Loan||6.95% 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%|
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:
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)
FAQs on Citibank Home Loan
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.
You get to avail the home loan of up to 80% of the value of your home.
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.
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:
The minimum loan amount that you can borrow is Rs.5 lakh from Citibank for a home loan.
The interest rate charged by Citibank home loan starts at 7.34% to 8.29% per annum.
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..
The maximum loan amount charged by a Citibank for home loan is Rs.10 crore.
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.
The maximum loan tenure period of Citibank for home loans is upto 25 years.Last Updated on : 19/Mar/2021
Know More About
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
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