A home loan balance transfer provides you with the option to choose a bank or a financial institution that offers improved rate of interest or Loan facility over your existing one. This choice can save you from paying high monthly instalments and utilize the savings for your personal and professional needs.
A top up at that helps you be ready for any expenses you did not anticipate. Citibank’s Home Loan Takeover Plus Enhancement gives you both the advantages. Enjoy lower interest rates with our home loan balance transfer facility and then top up your loan to supplement further financial requirements.
You can also enjoy our exclusive Home Credit Fast Track facility. This facility lets you save interest by depositing your surplus funds and the interest saved reduces your principal outstanding allowing you to repay your home loan faster.
Click here to calculate how much you can save by availing Citibank’s home credit facility.
You can also visit our ‘Useful Links’ section below to find more information about our home loan interest rates and other information.
Click here to determine your home loan eligibility
Takeover Plus Enhancement
With Citibank Home Loan Takeover Plus Enhancement, you can transfer your existing high cost loans to Citibank and reduce your monthly EMI payments. Avail higher loan amount to fulfil your personal and professional needs.
- Transfer your high cost Loans of up to Rs.5 Crore*
- Flexible repayment tenure up to 20 years.*
- Sanction basis your existing Loan repayment record.
- Exclusive Home Credit Fast Track facility - Lets you save interest by depositing your surplus funds and the interest saved reduces your principal outstanding allowing you to repay your Loan faster.
- Avail an enhancement of up to Rs.3 Crore for any personal, business or professional need.
Move to Citibank Home Loan and reduce your monthly payments.
Avail of an enhancement and close your high cost debts to reduce your monthly payments.
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 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 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.
You can avail Citibank Home Loan Takeover up to Rs.5 Crore.
Citibank Home Loan Takeover have maximum repayment tenure of up to 20 years. The actual tenure of your Loan is subject to the bank's discretion and underwriting criteria and in line with credit acceptance parameters.
Based on the valuation of your property, you can avail a Loan takeover along with enhancement of up to 80% of your property value.
Yes - you cannot only transfer your existing Loan to Citibank, but also avail an enhancement up to Rs.3 Crore for any of your personal, business or professional needs. You can also use the enhancement funds to close your other Loans with other institutions.
EMI stands for Equated Monthly Installments. This installment includes both the Principal and Interest Components. Citibank Loans 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 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 through NACH (National Automated Clearing House).
Yes, you are allowed to prepay your Loan. You can also choose to make partial prepayments on your Loan. Please refer to the Terms and conditions mentioned in the Loan agreement to know more about prepayments.
Yes, you can! You can opt for Citibank Home Credit to further reduce the interest cost on your 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. 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.