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Citibank home loans offer competitive interest rates that are linked to the external benchmark rate - Treasury Bill Benchmark Linked Lending Rate (TBLR). Citibank considers the rate published on the 12th day of every month by FBIL (Financial Benchmark India Private Ltd). The rate for 12 December 2019 is 5.02% p.a. The quantum of home loan that can be availed ranges from Rs.5 lakh to Rs.10 crore, depending on other eligibility parameters. The maximum repayment tenure is 25 years.
Competitive rates starting from 8.05% p.a. to 9.60% p.a.
Home Credit facility available
Citibank NRI Home Loans
Loans of up to Rs.5 crore
Financing of up to 80% of the property value
Interest Rate: 8.05% p.a. to 10.65% p.a.
Citibank Home Loan EMI Calculator
Calculate your EMI (Equated Monthly Instalment) to plan your finances in a better way or to compare loans offered by various banks. In order to do that, you can use Citibank Home Loan EMI Calculator. The computation process is simple and hassle-free with a quick turnaround time. All you need to do is enter your home loan details. This will include the amount, rate of interest, tenure, and processing fee (if applicable). Hit the button “calculate” to check your EMI. You can also check your repayment schedule through an amortisation table.
Citibank Home Loan Eligibility Criteria
Age
23 years to 65 years
Type of Employment
Salaried
Nationality
Resident Indian or NRI
Citibank Home Loan Documents Required
For resident Indians
Identity proof
Residential address proof
Passport size photograph (coloured)
Latest salary slips
Latest bank statements
Property-related documents
For NRIs
Passport size photograph (coloured)
Copy of passport
Identity proof
Residential address proof
Last 3 months’ salary slips
Work or employment contract for the last 2 years
Last 3 months’ bank statements
Property-related documents
Citibank Home Loan FAQs
What’s the process of applying for Citibank Home Loan?
You can apply through the following channels:
Logging in to Citibank Online
Dialling CitiPhone numbers
Applying directly through your nearest Citibank branch
Can I get a pre-approved loan from the bank, which I can use later to purchase a house?
The bank may offer you a pre-approved loan based on your annual income and repayment capabilities. However, during loan sanction, make sure that the property you are planning to buy is meeting Citibank Credit parameters.
Can I extend the tenure of my home loan?
No, you cannot extend the tenure beyond 25 years. However, if you have been a longstanding customer, you can check with the bank to know whether the tenure can be extended or not.
Can I transfer my existing loan to Citibank?
Yes, you can transfer your existing loan to Citibank through Citibank Takeover Plus Enhancement. It’s a balance transfer plan that lets you transfer your existing loan to Citibank account so that you can reduce your monthly instalments by paying less in interest. Note that the interest rate charged is same as Citibank Home Loan interest rate.
Can I get a top up on my loan?
With Citibank Takeover Plus Enhancement, you can not only reduce your repayments but get top up on your existing loan to increase your loan limit.
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I got the good option in CITI bank when i chosen the home loan. I purchase the loan in the year of 2006 but the interest rate is high. I applied the loan amount of Rs. 6.5 lakhs for that they have given me a interest rate of 11%. I have closed the loan in 2013. I have pre-closed the loan with the additional charges of 3%
My experience with CITI bank is very great and i am happy with that . I use to pay EMI on time . They charge very nominal rate of interest compare to other . Customer support and their response is good with this bank . I got my home loan with this bank and it is good .
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PURUSHOTHAM PURUSHOTHAM
, bangalore
Reviewed on Apr 08, 2019
I had taken this Home Loan from them a very long time back and it was closed as well. The overall experience was good where there was no hassle till i closed the loan. The interest rate and the charges which they had made has also been nominal when compared with the other banks.
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2
DIVYA DAS DAS
, bangalore
Reviewed on Mar 20, 2019
I hold home loan with CITI bank for long time,The loan amount which they have given me was sufficient,and the rate of interest now i have feel they have charged bit high like based on the market rate they have charged me interest rate, and the processing fee was nominal,Still this loan is running.
My friend has a bought the home loan from CITI bank . They have do have mostly 1 branch in all over the city which is the disadvantage of the bank. We cannot apply all the services in online hence to visit the branch, it take lots of time to do the services.
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0
SUJIT KUMAR JHA
, bangalore
Reviewed on Jan 26, 2019
Ten years back I took home loan from Citi Bank at that time, the interest is higher and I done lots of documentation. CITI bank deal is not good, I done the foreclosure but I didn't pay any extra fee. They do have balance transfer, part and foreclosure options.
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4
BALASUBRAMANIAM RAJAN
, chennai
Reviewed on Jan 18, 2019
CITI Bank card is good in terms of offers and option. I would say CITI is best than HDFC. Generally I get travel discounts on booking tickets and I get voucher, if I spend Rs. 30,000 there will be no annual fee on Citi bank card. Last 11 months, I have spend Rs. 2 lakhs, I do get points on my spends.
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0
ANKIT SRIVASTAVA
, new delhi
Reviewed on Nov 30, 2018
I have CITI bank housing loan, almost ten years I am paying the EMI, the interest rate is bit high. But last year I have switched over to HDFC bank. I found better interest rate than CITI. However the customer service is good in CITI bank, I don't have any issues.
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1
JAISIMHA GOPALA RAO
, bangalore
Reviewed on Nov 12, 2018
My first home loan is with Citibank and the banking experience is good. They provided good services and there were no hassles in the process to get the loan. The rate of interest and charges are normal. The after loan services are also satisfactory.
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2
RAVI KUMAR P M
, bangalore
Reviewed on Aug 18, 2018
My home loan is with Citibank and the process is good. It was a excellent service as I got the loan within 17 years. The rate of interest and processing charges is good. The after loan services is good too. It was a supportive process and in all no issues.
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4
AKULA VIJAYAKUMAR
, chennai
Reviewed on Aug 04, 2018
I got 8.25% of interest in CITI bank for the housing loan, its low when I compared with other banks. I got the approval loan amount of Rs.3 crores. Whatever amount I requested they processed on time. CITI has good repay options like art payment, balance transfer, fore closure option there are no charges after six months of EMI.
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2
AJAY ASHOK CHARLA
, mumbai
Reviewed on Feb 06, 2018
I am using Citi bank credit card from last 5 years, the credit card services provided by Citi bank is good when compared to all other credit cards. I get good offers like cash back, reward points and discounts. I use this credit card for booking tickets and for shopping. I am also satisfied with the credit limit.
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0
AVISEK CHAKRABORTY
, hyderabad
Reviewed on Nov 04, 2017
The service from CITI for my home loan service was very good the documents have been submitted directly with CITI bank branch the interest rate was little high with CITI compare to others in the market which was 12%. It has been 15 years now since i had utilized the services of CITI Bank.
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0
MADAMBATH BHAKTHAN
, bangalore
Reviewed on Oct 29, 2017
Citibank has been good in the home loan services and to get this loan through, it was a easy task. I never faced any inconvenience to get the disbursement and even after the loan was disbursed. The interest rate and charges are also normal. Services are good in all.
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0
RATHEESH RAMAKRISHNAN
, pune
Reviewed on Aug 16, 2017
No timely or no response to the emails from the home loan team in Bangalore. Not helpful at all. The staff will behave as though they are giving the loan for free. Bad attitude. Worst experience ever. Never will recommend to any one. Customer care service is OK.
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.
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.
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.
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0
AMOL RAGHUNATH AKOLKAR
, hyderabad
Reviewed on Jul 29, 2016
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.
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0
RAJNEESH KUMAR
, new delhi
Reviewed on Jun 17, 2016
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.
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1
NITIN KHANDELWAL
, gurgaon
Reviewed on Jun 15, 2016
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