Citibank Home Loan Apply Online @8.0%

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.

• 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).

• 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.

• 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.

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. 

• 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

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

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