A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 0 Citibank Home Loan Balance Transfer

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    Citibank Home Loan Balance Transfer is Rated as "Great!" by 26 Users

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    Overview:

    Citibank provides its customers a home loan transfer facility through which an existing home loan can be transferred to another bank offering loan at an attractive rate of interest. Borrowers can opt to switch their home loan plan when they are dissatisfied with their current home loan scheme and the other lender is offering better rates as well as terms and conditions.

    By opting for a home loan transfer, borrowers can enjoy the following advantages:

    • Save additional money from the new loan plan.
    • When transferring home loan balance to another account, you can opt for lower interest rates and lessen the financial burden on you.
    • By lowering loan repayments, you can lower your EMIs.
    • Loan transfer facilities allow you to choose customized repayment options according to your needs and ability.

    Features of Citibank Home Loan Transfer:

    • Citibank provides home loan transfers up to a limit of 5 crores.
    • Borrowers have an option of a repayment tenure of up to 20 years. EMIs are calculated based on the term chosen by the borrower. In case of a higher repayment term, EMIs are lower and in case of a lower repayment term, EMIs are higher.
    • Citibank sanctions loan transfers depending on the loan repayment record in the earlier bank.
    • Apart from transferring your home loan from an existing lender to Citibank and providing a lower EMI, Citibank customers can also avail an enhancement facility of up to 3 crores. The enhancement feature can be utilized for personal, business or professional purposes as well as for paying off loans from other lenders.
    • The loan transfer can be initiated by either applying online or phone baking by calling on the priority service numbers or visiting the bank branch.
    • Loan repayment is carried out by EMIs (Equated Monthly Installments) and is paid via post-dated cheques, ECS (Electronic Clearing Systems) or by giving standing instructions to Citibank to debit the EMI amount from saving’s account of any bank.
    • The loan margin offered by Citibank is 80% of the property’s price. A customer opting for a loan transfer and enhancement can combine it to avail a maximum of 80% of the property’s value.
    • Loan repayment is done either in full or partially prepaid depending on certain terms and conditions.

    FAQs:

    1. What is the maximum repayment tenure that can be availed on a Citibank Home Loan Takeover?

      Citibank offers a flexible maximum repayment term of up to 20 years on the home loan takeover.

    2. What is the maximum loan amount that I can avail once I move my loan to Citibank from another bank?

      The bank gives you a maximum of Rs.5 Crore in a Home Loan Takeover.

    3. Is there an option of loan enhancement offered under the Citibank Home Loan Takeover?

      Yes, a loan enhancement of Rs.3 crore is available once you transfer your loan from an existing lender to Citibank.

    4. What are the ways I can apply for a Citibank Home Loan Takeover?

      Citibank Home Loan Takeover can be applied in the following ways:

      • By applying online on the website.
      • By calling on the bank’s priority service numbers.
      • By visiting the bank’s branch.
    5. If I opt for to transfer my loan to Citibank, what is the maximum LTV (Loan to Value) that the bank will offer, combining the enhancement?

      The bank will allow LTV up to 80% of the value of the property, along with the enhancement. However, it will also depend on the valuation of the property.

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  • Citibank Home Loan Balance Transfer Reviews

    • Citibank Home Loan
      "Descent"
      0.5 3.0/5 "Satisfactory"
      I got the home loan with the CITI bank and the interest rate was around 8.5% and now they have increased it up to 14% like I got it before thirteen years of time. Tenure is around four to five years of times are remaining. Rest of the rate of interest everything works in the good way.
      Was this review helpful? 1
      , satara
      Reviewed on May 24, 2017
    • Citibank Home Loan
      "Average service"
      0.5 4.0/5 "Great!"
      Citi bank is good at response, CITI gave me the loan when I was working with a MNC company. Availed a home loan for 5 Lakhs and closed it within 2 to 3 years of time, foreclosed just to avoid the interest rates and charges. Over all service is good with CITI.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 28, 2017
    • Citibank Home Loan
      "satisfactory"
      0.5 4.0/5 "Great!"
      I applied for ICICI bank home loan considering that I will purchase the property once its finalized but the negotiation failed with the concern party and I had to cancel the home loan from ICICI bank.The agent informed about the rate of interest and requested someone will come and collect the documents but I denied stating I still did not confirm the property.I have account with ICICI bank and its a good bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 29, 2016
    • Citibank Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My home loan process is pretty simple and good with CITI Bank. The services offered by them was good and the process was good. It was a smooth and easy. The documents were collected on time. They also offered a reasonable rate of interest and processing charge.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 17, 2016
    • Citibank Home Loan
      "Average service "
      0.5 2.0/5 "Expected more"
      There was a negative response provided for the home loan application which is being submitted with CITI Bank.There is no proper communication provided from their end related to the loan process.The charges applied by CITI Bank was on the higher side related to the home loan.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 15, 2016
    • Citibank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I do have the home loan with the CITI bank and the interest rate was quite high with them. I am not okay with the CITI bank because of the interest rate and lot of hurdles with them. The loan amount got disbursed with them in fourteen days of time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 07, 2016
    • Citibank Home Loan
      "Easy process "
      0.5 5.0/5 "Blown Away!"
      The CITI Bank service is good.I have not faced any drawback with them.It was taken before 7-8years I have taken a home loan and till now the process was smooth.The interest rate applied was quite high with CITI Bank compared with other banks
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 23, 2016
    • Citibank Home Loan
      "Quick disbursal!"
      0.5 4.0/5 "Great!"
      In the year 2010, I have taken a home loan disbursed from CITI bank. Relevant documents were collected as per the bank norms. It took maximum of 3 weeks for them to disburse the loan amount. They quoted a high interest rate for the home loan process.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 19, 2016
    • Citibank Home Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      I have closed the home loan with the CITI bank and the rate of interest was around 8.25%. I would like to say its an excellent one because they have given me the fixed rate of interest and it was the lowest on time. I dint faced any issues with them till now.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 08, 2016
    • Citibank Home Loan
      "Competitive rates"
      0.5 3.0/5 "Satisfactory"
      They are taking too much of time to process the loan.The interest rate applied was also good and it was a competitive rate in the market.The customer service provided was really good with CITI Bank based on the home loan application being submitted.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 19, 2015
    • Citibank Home Loan
      "Best and smooth "
      0.5 5.0/5 "Blown Away!"
      I have taken this Home loan with CITI Bank before 10-11years and I havenâ??t faced any difficulties in the loan process.I get the best service from CITI Bank based on the application being submitted.The complete process was smooth and after completion also I received the documents on time.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Nov 26, 2015
    • Citibank Home Loan
      "Fine"
      0.5 4.0/5 "Great!"
      The rate of interest is around 10.1% for the home loan with the Citi bank which is okay but other banks are giving the low rate of interest rather than this. It took around a month of time to disburse the loan. Due to the verification it got some time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 10, 2015
    • Citibank Home Loan
      "Citibank Home Credit Review"
      0.5 3.0/5 "Satisfactory"
      I had a loan with LIC and I wanted it to be transferred to any other bank with Overdraft facility. SBI, SCB, IDBI and Citibank offers the same facility. When I approached Citibank for the balance transfer, They have given all the information clearly and it was quite convincing deal but at last they said, the bank generally gives you the interest benefit for amount maintained over and above 1Lac. Now, this is something they are making fool to there customer. Other banks, don't have such conditions. So, I would request everyone to kindly double check before opting for the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 12, 2015
    • Citibank Home Loan
      "Citibank Home Credit Review"
      0.5 3.0/5 "Satisfactory"
      I had a loan with LIC and I wanted it to be transferred to any other bank with Overdraft facility. SBI, SCB, IDBI and Citibank offers the same facility. When I approached Citibank for the balance transfer, They have given all the information clearly and it was quite convincing deal but at last they said, the bank generally gives you the interest benefit for amount maintained over and above 1Lac. Now, this is something they are making fool to there customer. Other banks, don't have such conditions. So, I would request everyone to kindly double check before opting for the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 12, 2015
    • Citibank Home Loan
      "Need to improve"
      0.5 3.0/5 "Satisfactory"
      I took the loan with citi bank for the rate of interest as 7.25%.It was very long so the rate of interest was a bit cheaper.The service , process are really fine.Only end of the part took more time because they took so much of time to release my documents from them because they sent it to mumbai head office and released my documents.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 19, 2015
    • Citibank Home Loan
      "Home Credit"
      0.5 3.0/5 "Satisfactory"
      I hope you all know SBI Maxgain facility. I had a loan with LIC and when my ROI was increased I contacted CITI bank official as I have salary account with them. They are very good w.r.t giving you clear information. Home Credit, similar to SBI Maxgain is a service offered by CITIBank but there is a catch, when I negotiated with the official, he informed me that the HOME Credit facility comes with a bit higher rate of interest and you will get benefit for amount deposited which is more than 1 lakh. So for example, if have parked 3 lakhs in the overdraft account you will get only 2 lakh benefit.
      Was this review helpful? 2
      , kolkata
      Reviewed on Apr 26, 2015
    • Citibank Home Loan
      "Excellent!!!"
      0.5 4.5/5 "Excellent!"
      Response from Citibank was amazing and they gave me good feeling. Citibank is standing in the market due to their service as they are wonderful. Executives came my place to explain the details and also they gave written statements regarding the same, which made me happy. It took three day to make ready the documents for home loan but overall the loan got delivered in 15 days. Citibank have much filters to take home loan and they are sanctioning loan only for A - Khatta property.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 19, 2015
    • Citibank Home Loan
      "Interest rate should be normalized as per market!!!!"
      0.5 1.0/5 "Really Bad"
      Actually the tenure of home loan with Citibank is 10 years but still I am paying same interest rate which is 14% however they suppose to reduce the interest rate. The interest rate is floating. I was disappointed with the interest rate thus Citibank should normalize the rate as per industry. The automated service like alerts, reminders are very good and regular no doubts on that. EMI date is 1st of every month but it is not convenient as my account is with different bank so before 1st I need to transfer the amount for EMI. Wonderful if Citibank change the EMI date in first ten working days.
      Was this review helpful? 0
      , pune
      Reviewed on Jan 11, 2015
    • Citibank Home Loan
      "HOME LOANS AT 10.1 WITH NO HIDDEN CHARGES"
      0.5 5.0/5 "Blown Away!"
      I HAD TAKEN HOME LOAN IN CITIBANK AT 10.1%(FIXED FOR 2 YEARS) WITH NO OTHER CHARGES EXCEPT BOOKING FEE WHICH IS LESS THAN OTHER BANKS.THE SERVICE THEY OFFER WAS EXCELLENT.EVERY THING WAS DONE AT YOUR DOOR STEP.I VISITED THE BANK ONLY ONCE AT THE TIME OF AGREEMENT SIGNING.THE EXECUTIVE WAS SO COOPERATIVE,HE WILL EXPLAIN YOU EVERY THING ON PAPER LIKE HE WAS EXPLAINING TO A KID.I AM SO HAPPY TO GET A LOAN FROM CITIBANK.I WOULD RECOMMEND CITIBANK IF YOU WANT TO SAVE TIME AND MONEY ALSO.I THINK IT IS CHEAPER THAN SBI. FOR MORE INFO CONTACT BHARATH (8125813534)
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 17, 2014
    • Citibank Home Loan
      "Convenient processing"
      0.5 4.0/5 "Great!"
      The processing with Citi bank Home loan was convenient. As i have my salary account with this bank for more than 7 years, it was easier and i got my loan with no processing charges, rate of interest was too good on negotiation and there was no documentation too. The pre payment option was available so i feel its good.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 17, 2014
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