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Home > Compare Home loan Banks > Citibank Home Loan

Citibank Home Loan

Citibank offers home loans in India with low interest rates, with different repayment options to its borrowers. Check more details on Citibank home loans below:

Special features of Citibank Home Loan Benefits of Citibank Home Loans:
  • Attractive Interest Rates
  • Easy Home Loan up to Rs. 10 crores
  • Flexible repayment tenure up to 25 years
  • Home Loans up to 80% of the property value
  • Flexibility to pay interest only during construction period
  • Interest calculated on daily reducing balance
  • No co-borrowers/guarantors required
  • Convenient repayment through Standing Instruction or Electronic Clearing System
  • CitiPhone platform to answer all your queries
  • Online access to your Home loan account
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Interest rates of Citibank home loans 2014:

Loan Schemes Upto Rs 75 lacs above 75lacs
Citibank
Scheme I: 10.25%*(without Home Credit facility)
Scheme II: 10.50%*(with Home Credit facility)
Scheme I: 10.25%*(without Home Credit facility)
Scheme II: 10.50%*(with Home Credit facility)

Home Credit Advantage:
Citibank offers you to power pack your loan through the unique Home Credit option which lets you decide what interest you pay on your loan.

Home Credit loans operate through Home Credit Account which is a current account linked to your loan. All amounts deposited in the Home Credit account in excess of the threshold amount and subject to a maximum of your outstanding loan is transferred on a daily basis to your loan account to offset the interest being charged on your loan. This amount is always available for withdrawal by you as an overdraft line.

Citibank offers you 2 options in Home Credit loans that you can choose depending on your needs:

  1. Home Credit Vanilla option: Home Credit Vanilla option gives you the option of maintaining liquidity. An overdraft line is set on the Home Credit account and interest savings arising out of the Home Credit facility go towards increasing this line, which is always available for withdrawal by you.

  2. Home Credit Fast Track option: Home Credit Fast Track gives you the option of repaying your home loan faster. Interest saves are adjusted towards reducing your loan outstanding, which effectively reduce the tenure of your loan and help you close your home loan faster.

Maximum Amount for Home Loan: loan available from Rs 5 lakhs to Rs 10 Crores.

Repayment Tenure: maximum repayment tenure of up to 25 years

Loan to Value Ration: you can avail a Home Loan of up to 80% of your property value.

Minimum Eligibility: You should be at least 23 years of age and have work experience of at least 2 years to avail a Home Loan from Citibank.

Can I avail a top-up loan on my existing loan?
Yes, once you have completed repayments on your existing loan for more than 12 months, we offer you an additional top-up loan on your existing Home Loan. The final sanction of such loan is at the discretion of Citibank

Documents required for Salaried Individuals


• Salary slip not older than 60 days
• Bank statements for last 3 months not older than 90 days
• Work experience proof (required for 2 years)
• Photograph for all individuals
• Date of birth proof for all individuals
• Signature verification proof for all individuals
• Residence address proof for all individuals
• Business address proof for all self-employed customers

+91
Credit Card
Yes   No

Documents Required for Self-Employed Documents Required for Companies Documents Required for Partnership Firm
  • Income Tax Return (Required for 2 years)
  • Computation of income for tax purposes
  • Financials (Balance Sheet / Profit and Loss Account along with all Schedules)
    - Attested by Chartered Accountant
  • Bank statements for last 3 months not older than 30 days
  • Business continuity proof for 3 years
  • Photograph for all individuals
  • Date of birth proof for all individuals
  • Identification proof for all borrowers
  • Signature verification proof for all individuals
  • Residence address proof for all individuals
  • Business address proof for all self-employed customers
  • Memorandum & Articles of Association
  • Certificate of Incorporation
  • CA certificate for list of directors and list of shareholders along with shareholding pattern
  • Latest partnership deed
  • CA certificate for list of partners along with profit sharing ratio
    Property Documents
  • Photocopies of title deeds, agreement to sell, encumbrance certificate
  • Approved plans and clearance certificates from authorities
  • Allotment letters and / or by-laws of the co-operative society / Association of apartment owners.

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Available products of Citibank Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.

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