LOAN AGAINST PROPERTY

Your property can finance your dreams!

Now get a Loan Against Property at rates starting from 8.50%^ p.a.* with our semi-fixed interest rate plan

^Applicable to MSME customers

*Terms and Conditions Apply

Your property can finance your dreams!. Now get a Loan Against Property at rates starting from 8.50%^ p.a.* with our semi-fixed interest rate plan

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.

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

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.

Faqs

Loan Amount

Citibank Loan Against Property are available from Rs5 Lakh to Rs5 Crore against Residential properties. You can also avail a Loan Against Property up to Rs3 Crore against commercial 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, Chandigarh and Surat.

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 23 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.

EMI

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 10%. Click here to find out the EMI on your loan.

Loan Tenure (in Years) EMI Per Lakh (in Rupees)
5 2,250
7 1,792
10 1,464
15 1,233

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.

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Disclaimers:

*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 and Chandigarh

^Terms and Conditions apply

This scheme is available only on loans taken for admission to approved courses for studies in India and abroad.

For a list of approved courses and other details please click on the 'Apply Now' button and submit the online form for a call back.

Interest Rate on your loans is linked to the Base Rate.