A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Citibank Home Loan

    Citibank offers home loans of up to Rs.10 crore at lowest interest rates starting from 6.75% p.a. You can extend the tenure for ease of repayments till 25 years. With Citibank home financing schemes, you can get a financing of 80% of the total property cost.

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    Citibank Home Loan Interest Rate 2021

    Interest Rate 6.75% p.a. - 7.44% p.a.
    Loan Amount Rs. 10 Crore
    Application Fees Up to Rs. 5,000/-
    Penal Interest Rate 2%
    Prepayment/Foreclosure Charges 0 - 2%
    Max Tenure 25 Years
    Rate Packages Available Fixed

    Compare: Home Loan Interest Rate all Banks

    Citibank Home Loan Schemes

    1. Citibank Home Loans
      • Loans of up to Rs.10 crore
      • Flexible repayment tenures of up to 25 years
      • Competitive rates starting from 6.75% p.a.
      • Home Credit facility available
      • Interest calculated on daily reducing balance
      • No guarantors/co-borrowers required
    2. Citibank NRI Home Loans
      • Loans of up to Rs.5 crore
      • Financing of up to 80% of the property value
      • Interest Rate: 6.75% p.a. onwards

    Compare: Home Loan Interest Rate all Banks

    Citibank Home Loan EMI Calculator

    With?BankBazaar Citibank?Home Loan EMI Calculator, you can now calculate your home loan EMI within a matter of a few seconds. Just enter your preferred loan amount, interest rate, tenure, and processing fee. Click on “Calculate” to check your EMI. This will be followed by an amortisation table, which will give you a?detailed?breakdown of your repayment schedule. 

    Citibank Home Loan EMI Calculation 
    Amount 10 years 20 years 30 years
    Rs.10 lakh Rs.11,482 Rs.7,604 Rs.6,486
    Rs.20 lakh Rs.22,965 Rs.15,207 Rs.12,972
    Rs.40 lakh Rs.45,930 Rs.30,415 Rs.25,944
    Rs.50 lakh Rs.57,412 Rs.38,018 Rs.32,430

    *Interest rate of 6.75% p.a. has been taken into consideration for this loan EMI illustration. Your final EMI amount can vary based on the rate offered to you by the bank.

    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

    1. 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
    2. 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.

    3. 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.

    4. 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.

    5. 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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    CitiBank Home Loan Reviews

    • Citibank
      "Good Loan"
      0.5 3.0/5 "Satisfactory"
      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%
      Was this review helpful? 1
      , indore
      Reviewed on Aug 20, 2019
    • Citibank
      Citibank
      "Good service"
      0.5 4.0/5 "Great!"
      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 .
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 08, 2019
    • Citibank
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , bangalore
      Reviewed on Mar 20, 2019
    • Citibank
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 2
      , mumbai
      Reviewed on Mar 13, 2019
    • Citibank
      "Good home loan services"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 26, 2019
    • Citibank
      "Can do better"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 4
      , chennai
      Reviewed on Jan 18, 2019
    • Citibank
      "Good Reward's card"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 30, 2018
    • Citibank
      "Interest rate should be less"
      0.5 2.0/5 "Expected more"
      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.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 12, 2018
    • Citibank
      "Good "
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 18, 2018
    • Citibank
      "Good process"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 5
      , chennai
      Reviewed on Aug 04, 2018
    • Citibank
      "Good Housing Loan with CITI"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , mumbai
      Reviewed on Feb 06, 2018
    • Citibank
      "Good card to use"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 04, 2017
    • Citibank
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 29, 2017
    • Citibank
      "Good overall"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 16, 2017
    • Citibank
      "Bad home loan team - Bangalore"
      0.5 1.5/5 "Bad"
      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.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 30, 2017
    • Citibank
      "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
      "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? 1
      , bangalore
      Reviewed on Mar 28, 2017
    • Citibank
      "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
      "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
      "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? 1
      , gurgaon
      Reviewed on Jun 15, 2016
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