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Citibank Home Loan Apply Online @8.0%

4.9 stars based on 66 reviews

Home Loan Details

Property Details

Employment Details

Personal Details

Co-Applicant Details

Bank/NBFCInterest RateEMIProcessing Fees Part PaymentApply Now

17.99% - 18.99%

(Fixed)

4608

2.00% - 3.00% + GST as applicable

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Rate of Interest is high ?
Rate of Interest is high ?

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Not getting the desired Loan Amount?
Not getting the desired Loan Amount?

Try Adding the income of a co-applicant like a working spouse

Have multiple existing loans?
Have multiple existing loans?

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Citi Bank Home Loan Details

Citibank Home Loan

Buying a home is the biggest dream of any individual and Citibank helps you fulfil this dream. One can follow this dream by enrolling with Citibank Home Loan. The loans can be availed for apartments and flats that are yet to be built and those already under construction. It does not matter if you are a prevailing customer or want to switch your loan or want to expand your business by using your property's equity. Interest calculation on a daily reducing balance basis is an important feature of this loan.

Features of Citibank Home Loan

  • Lucrative rates of interest.
  • Affordable rates of interest.
  • 24-hour telephone service called Citiphone Portal.
  • Nil foreclosure charges.
  • Online assistance for home loan account.
  • Guarantor or co-applicants not needed.
  • Quick sanction process.
  • Easy eligibility norms.
  • Nil prepayment charges on floating rates.
  • Option of availing top up loan.
  • Host of options for paying loans: SI (Standing Instruction) on your Citibank account or through NACH (National Automated Clearing House).

Benefits of Citibank Home Loan

  • Pay interest only during construction time.
  • Payments also through bank's ECS.
  • Upper cap of INR 100 million.
  • Lower cap of INR 500,000.
  • 25 year tenure of payment.
  • Home loan of up to 80% the property cost.
  • Interest computation on daily reducing balance basis.
  • Home credit option to further reduce the rate of interest.
  • The home credit allows you to deposit excess savings and bonuses.
  • The option to prepay the home loan.
  • Home credit fast track option.
  • Option of pre approval of home loan.

Why should you choose Citibank Home Loan?

  • It is a recognised bank for Innovation and Achievements in Structured Investments.
  • The bank provides home credit option so the borrowers get to choose the interest they can pay.
  • The bank provides NRI home loan option. So, if you are a non resident of India, you can still invest in the property, buy a house for yourself or your business.
  • The top up facility is a great move which can help you fulfil your housing dreams.
  • The home loan has a 4+ rating from its borrowers which speaks about their satisfaction.
  • A great option if you want to live in high-budgeted properties.
  • Quick processing with online registration.
  • No Partial pre-payment charges or pre-closure charges.

How to apply for Citibank Home Loan?

On Finance Buddha, you can find, compare and finalise a loan type instantly. You have an option of applying to the banks from the portal itself. We will ask you the necessary details and Finance Buddha is a comparison site where you can find your eligibility, loan amount you can get, just by providing an input of your current company, take home salary, existing EMI amount, salary account bank, loan requirement and tenure.

In case you check your eligibility directly at the bank by submitting your request, there can be chance that they reject your loan. This will affect your CIBIL score. Instead of going into the hassle of visiting the bank just to check the eligibility and taking risk, you can directly compare between different home loans here itself and analyse the best option for yourself. The portal will show you the maximum amount of loan you can get. A very clean and unique interface is in place where you just need to choose the type of loan and the amount, the rest is the job of Finance Buddha. 

Citibank Home Loan Eligibility Criteria

  • The person must be working in a government or private reputed organisation with regular salary in salaried bank account.
  • The person must be a professional (doctors/chartered accountant/engineer,etc) with regular monthly returns. He should have a bank account and should be able to show regular income tax returns.
  • The person must be a businessman and have the business registered with the government. He should be filing regular income tax returns.
  • Age of Applicant: Minimum - 23 years; Maximum - 65 years
  • Number of years in employment: 2 years & above
  • Net Monthly Income
  • Other factors for eligibility are:
  1. Income from salary/business and other sources
  2. Current EMI on existing loan (if any)
  3. Outstanding amount of the existing loan

Citibank Home Loan Interest Rates, Fees & Charges (updated 17 Jun,2019)

Depending upon the amount of home purchased, there shall be different rates of interests on different loans.

Interest Rates, Fees, and Charges

1 Month MCLR rate

8.40%

Minimum rate on home loan

9.30% p.a.

Maximum rate on home loan

10.25% p.a.

Minimum rate on Property Power / Property Power Loans with Enhancement

10.25% p.a.

Maximum rate on Property Power / Property Power Loans with Enhancement

11.50% p.a.

Minimum rate on Home Loan Takeover with Enhancement/ Home Loan Top-up

9.75% p.a.

Maximum rate on Home Loan Takeover with Enhancement/ Home Loan Top-up

10.65% p.a.

Processing fees

upto 0.50%

Pre-closure charges

0

Partial pre-payment charges

0

Citibank Home Loan Documents Required

  • Government approved Identity proof
  • PAN Card
  • Photographs
  • Address proof
  • Proof of income
  • 6 months bank statement updated
Frequently Asked Questions

ReviewsView All

Rushit Dubal

5 / 5

The process of the home loan was not only made easy but also it added an edge incentive to it by providing me with the flexibility of repayment of the loan. The process, first of all, sounded very tough when the manager was explaining to me. But, then a friend advised me to apply for the home loan through Finance Buddha. They are the people who make you feel like you are sitting on a cushion and they are working on your behalf. They provided me with the whole guide to the process that how to apply and how will the process be executed. It felt relaxed and without any hassle. I managed to secure a Citibank home loan at the lowest interest rate and the hassle free process which was not at all expected in the first time journey with them. But, they execute it smoothly. Also, the disbursal time of the loan was very quick and without any issues because of the quick processing of the loan they executed. It gives me immense pleasure to write a review for them as they helped me fulfil my needs without any issues. They are truly the financial wizards.
Firdos Solanki

5 / 5

You take the backseat and they drive the loan vehicle for you. They truly are an inspirational group of people who set a benchmark that how the work should be executed with ease and without any trouble or issue. With the way, they execute the process is truly mesmerising as I secured a home loan with the help of Finance Buddha and it was off the hood. You just depend on them and show your trust and they will be there at your doorstep. A few months ago, I was in need of a home loan to buy my new house and they provided me with one with all the benefits I could expect of. Just in a swirl of a wand, they executed the process. I was able to secure the home loan with CITI bank worth 8 million which is the 80% of the property value which I never expected and that too at the lowest interest rates as they negotiate the rates with the bank on your behalf making it worth your while of availing the service with them. The disbursement of the loan was not at a trouble for me as they managed to execute that as well.
Kapil Arora

5 / 5

They truly are the masters in whatever they do! This was not possible without the Finance Buddha team and the CITI bank co-operation as they handled all my issues of buying a new home. The support and the confidence they hold with you all the time are truly the next level thing. From the processing to the disbursal of the loan they stand beside you virtually, if there is query plus you can track your loan with their help as they keep you informing 24/7 about the processing of the loan. I was also able to secure a loan with the help of Finance Buddha team and the constant support with the CITI bank in the home loan segment. I was able to secure 75% of the loan amount at 9% interest rate and the processing fee which was lower than the market rates. Also, 75% of the loan amount was disbursed to me by their help and I was able to achieve the home of my dreams with the help of CITI bank. They truly are your ‰Û÷Gurus‰Ûª when it comes to getting a loan and the best incentives. Lastly, the bank was flexible enough to adjust my EMI‰Ûªs to complete the loan.
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