Home Loans are available from Rs 5 lakhs to Rs 10 Crores.
Citibank Home Loans have maximum repayment tenure of up to 25 years. The actual tenure of your loan is subject to the bank's discretion.
Based on the valuation of your property, you can avail a Home Loan of up to 80% of your property value.
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.
Yes, based on your income and capacity to repay, we can give you an in principle approval for a Home Loan. Based on the approved loan amount, you can easily identify the property you need to buy. However, the property should meet Citibank Credit parameters for obtaining a final sanction.
Yes, once you have completed repayments on your existing loan for more than 6 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.
EMI stands for Equated Monthly Instalments. This instalment includes both the Principal and Interest Components. Citibank Home Loans are repaid through EMIs (Equated Monthly Instalments) over the period of the loan. The table below shows indicative EMIs for different periods for a loan of Rs 1 lakh and interest rate of 10%. Click here to find out the EMI on your loan.
|Loan Tenure (in Years)||EMI Per Lakh (in Rupees)|
Citibank offers you a host of repayment options for your loan EMI. You can pay your EMI through: SI (Standing Instruction) on your Citibank account or an ECS (Electronic Clearing System) instruction on your Non-Citibank account.
Yes, you are allowed to prepay your loan. You can also choose to make partial prepayments on your home loan. Please refer to the terms and conditions mentioned in the loan agreement to know more about the applicable charges on prepayments.
Yes, you can! You can opt for Citibank Home Credit to further reduce the interest cost on your Home Loan. To know more, Click here.
* Terms and Conditions apply. All loans are at the sole discretion of Citibank N.A. Citibank reserves the right to ask for any additional documents from the applicant. Citibank reserves the right, at anytime, with prior notice to add/alter/modify/change or vary any of the Terms and Conditions or to replace them, wholly or in part.
+ Please refer to our Schedule of charges.