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:
Citibank offers a flexible maximum repayment term of up to 20 years on the home loan takeover.
The bank gives you a maximum of Rs.5 Crore in a Home Loan Takeover.
Yes, a loan enhancement of Rs.3 crore is available once you transfer your loan from an existing lender to Citibank.
Citibank Home Loan Takeover can be applied in the following ways:
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.