What is Loan Against Property?

A loan against property is a secured loan that requires an asset to be pledged by the client before the loan is sanctioned. You can repay the amount conveniently as it offers a maximum repayment tenure period of up to 15 years.

(^for MSME/ PSL (Micro segment) Property Power/ Property Power Loans with Enhancement without HC). T&Cs apply.

With Loan Against Property, you can leverage your property's equity to expand your business, meet your working capital requirements or fulfill any other personal or professional needs.

Advantages of Loan Against Property over Unsecured Loans/Personal Loans

Low Interest: The interest rates on a loan against property are comparatively less to ensure easy repayment.

Repayment Tenure: Citibank offers a maximum repayment tenure of up to 15 years to facilitate convenient repayment.

Property Usage: A loan against property also allows people to continue using the property even after it is pledged as collateral.

High Principal Amount: Citibank lets you avail a loan amount of up to Rs 5 crore against residential properties to help you meet your monetary needs.

When and Why you need Loan Against Property?

You can get a loan against property when you need financial support to expand your business, fund your child’s higher education, buy a new property, and various other such reasons. A loan against property offers a high loan amount, a convenient repayment tenure, and lower rates of interest, so you can avail it to get monetary help without any hassle.

Loan Against Property

Loan Against Property

With Loan Against Property, you can leverage your property's equity to expand your business, meet your working capital requirements or fulfill any other personal or professional needs.


Features of Loan Against Property

  1. Loans up to Rs.5 crore*
  2. Flexible repayment tenure up to 15 years*
  3. Loan against residential property
  4. Loans up to 70% of the property value*
  1. Purchase of machinery
  2. Closure of existing high-cost debts
  3. Buying a new property
  4. Your child's education
  5. Any other personal, business or professional need
Home Credit Advantage

Home Credit Loan 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:

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.

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.

Click here to know more about Home Credit facility.

Click here to see how you can save interest and reduce tenure using Home Credit Fast Track.


Loan Amount

You can apply for a Citibank Property Power Loan via:

Citibank Loan Against Property are available from Rs5 Lakh to Rs5 Crore against Residential properties.

Citibank Loans against Property have maximum repayment tenure of up to 15 years. The actual tenure of your loan is subject to the application meeting Citibank credit acceptance parameters.

The property against which the Loan Against Property is sought can be based out of any of the following approved Citibank locations - Ahmedabad, Bangalore, Chennai, Delhi / NCR, Hyderabad, Jaipur, Kolkata, Mumbai, Pune, Coimbatore, and Chandigarh.

Based on the valuation of your property and the loan amount sought, you can avail a Citibank Loan Against Property of up to 70% of your property value. The actual loan to value ratio of your loan is subject to Citibank credit acceptance parameters.

You should be at least 21 years of age and have a continuous work experience of at least 3 years and 2 years of cash profit in your business, excluding carry forward losses to avail a Loan Against Property from Citibank.

Yes, a top-up loan can be availed on your existing Citibank Loan Against Property. Once you have completed repayments on your existing loan for more than 6 months, we can offer you an additional top-up loan on your existing loan. The final sanction of such loan is at the discretion of Citibank.

The Application will be processed within 15 working days on a best effort basis, on receipt of all the required documents mentioned at the time of application collection. The document requirements are indicative and Citibank reserves the right to request for further documents, if required. Terms and conditions as mentioned in the Loan agreement will apply.


EMI stands for Equated Monthly Installments. This installment includes both the Principal and Interest Components. Citibank Loans against Property are repaid through EMIs (Equated Monthly Installments) over the period of the loan. The table below shows indicative EMIs for different periods for a loan of Rs1 lakh and interest rate of 9%. Click here to find out the EMI on your loan.

Loan Tenure (in Years) EMI Per Lakh (in Rupees)
5 2,076
7 1,609
10 1,267
15 1,014

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 through NACH (National Automated Clearing House).

Yes, you are allowed to prepay your loan against property. You can also choose to make partial prepayments on your Loan Against Property. Please refer to the Terms and conditions mentioned in the loan agreement to know more about the applicable charges on loan against property prepayments.

Home Credit

Yes, you can! You can opt for Citibank Home Credit to further reduce your Loan Against Property interest cost. To know more, click here.

  • Pan Card
  • Aadhaar Card
  • Passport (For NRIs, passport & Visa is required). If PIO then PIO card is required
  • Proof of residence (OVD documents like Aadhaar, Passport, DL)
  • For Self employed or professional proof of business identity is required (GST registration certificate, Udyam certificate, MOA in case of company, Partnership deed in case of Partnership firm)
  • Salary slips and Latest Form No.16 for salaried (Last 2 yrs for HL and 3 yrs for LAP)
  • Last 3 years income tax returns along with Audited financials and annexures for self-employed or professionals
  • Bank statements for last 6 to 12 months

For salaried

  1. Statement for a/c wherein salary is credited
  2. Main operative a/c if any other than salary a/c

For Self employed or Professionals

  1. Main operative a/c of business (Current/CC/OD a/c)
  2. Operative a/c of individual borrowers
  • Proof of ownership of property (All title chain documents since inception)
  • In case of flats, allotment letter of builder/society, Builder Buyer agreement, Registered title deed. (Builder Flat/Society)
  • Up to date tax paid receipt.
  • Quick Links

    Whether you're a first-time buyer or looking to transfer your existing loan or leveraging your property's equity to expand your business, Compare home loans Citibank offers that come with a host of benefits and competitive interest rates.

    View all home loan options and apply for home loan with Citi to start with your home loan journey today!

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*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. Click here for Most Important Terms and conditions. Please refer to our Schedule of Charges.

Mortgage Loans are available only in Delhi-NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, Jaipur, Coimbatore, Ahmedabad, Chandigarh & Kolkata.

^Terms and Conditions apply

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