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  • Citibank Home Loan Calculator

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  • Updated as per Latest Rates on 17 Oct 2019

    Using the Citibank Home Loan EMI Calculator, you can find out the EMI that needs to be paid for the home loan you availed or is planning to avail. The minimum EMI per lakh you get with Citibank is Rs.776

    To use the calculator, you need to know the Citi bank Home loan interest rates, loan amount, and tenure. Enter the values and you’ll get a full break-up of your monthly repayments.

    Citibank Home Loan EMI Calculator 2019

    Calculate Your Citibank Home Loan Monthly Repayment

    The table below gives you an idea of the EMIs for various tenures and loan amounts:

    Amount→
    Tenure↓
    Rs.10 Lakh Rs.20 Lakh Rs.40 Lakh Rs.50 Lakh
    10 years Rs.12,265 Rs.24,531 Rs.49,061 Rs.61,326
    20 years Rs.8,521 Rs.17,041 Rs.34,083 Rs.42,603
    30 years Rs.7,513 Rs.15,025 Rs.30,051 Rs.37,563

    Suppose you are applying for the SBI Regular Home Loan scheme at an interest rate of 8.25% p.a. and a loan amount ofRs.30 lakh, Rs.50 lakh, Rs.70 lakh or Rs.1 crore. Using the Bankbazaar Home Loan EMI Calculator, you can find the EMIs, processing fee and total interest payable on various tenures. In the above example, we’ve kept the processing fee as 0.50% and selected ‘No’ for pre-payments.

    CitiBank Home Loan EMI Calculator Formula E = P . r . ( 1 + r ) n ( ( 1 + r ) n - 1

    Where, P: Principal amount, n: Number of monthly instalments, r: Interest rate associated with your home loan

    CitiBank Home Loan Interest Rates: The rate of interest associated with CitiBank home loan as of 17 Oct 2019 ranges between 8.60% p.a. and 9.10% p.a. The interest applicable can be changed by the bank depending on the risk factor of the applicant.

    CitiBank Home Loan Processing Fee: CitiBank charges you a nominal fee for the processing of the home loan. As of 17 Oct 2019, CitiBank charges a processing fee up to Rs.5,000 or 0.40% of the home loan amount availed. The processing fee is to be paid upfront while applying for the home loan.

    CitiBank Home Loan Amount and Tenure: Eligible borrowers can avail CitiBank home loans starting from Rs.5 lakh and up to Rs.10 crores. CitiBank also extended loan tenures up to 25 years to its customers.

    Example of IBDI Bank Home Loan EMI: Let us consider an example where you are availing a home loan of Rs.30 lakh from CitiBank for a term of 30 years. Let us assume that the interest rate associated with your home loan is 9.00% p.a. and the processing fee levied is 0.50% of the principal amount, i.e., Rs.15,000. Click on ‘Calculate’ once you have entered all the required input on the BankBazaar Home Loan EMI Calculator.

    As per the values you have entered, the EMI calculated on your home loan would be Rs. 24,139

    The break of the total amount payable on your home loan will be as follows:

    Year Interest Amount Paid (A) Principal Amount Paid (B) Total Amount Paid (A + B) Outstanding Loan Balance
    2019 Rs.2,24,436 Rs.16,954 Rs.2,41,390 Rs.29,83,046
    2020 Rs.2,67,579 Rs.22,089 Rs.2,89,668 Rs.29,60,955
    2021 Rs.2,65,506 Rs.24,162 Rs.2,89,668 Rs.29,36,793
    2022 Rs.2,63,239 Rs.26,429 Rs.2,89,668 Rs.29,10,363
    2023 Rs.2,60,760 Rs.28,908 Rs.2,89,668 Rs.28,81,455
    2024 Rs.2,58,048 Rs.31,620 Rs.2,89,668 Rs.28,49,835
    2025 Rs.2,55,080 Rs.34,588 Rs.2,89,668 Rs.28,15,248
    2026 Rs.2,51,838 Rs.37,830 Rs.2,89,668 Rs.27,77,417
    2027 Rs.2,44,406 Rs.41,379 Rs.2,89,668 Rs.27,36,038
    2028 Rs.2,48,289 Rs.45,262 Rs.2,89,668 Rs.26,90,776
    2029 Rs.2,40,160 Rs.49,508 Rs.2,89,668 Rs.26,41,269
    2030 Rs.2,35,517 Rs.54,151 Rs.2,89,668 Rs.25,87,117
    2031 Rs.2,30,437 Rs.59,231 Rs.2,89,668 Rs.25,27,886
    2032 Rs.2,24,880 Rs.64,788 Rs.2,89,668 Rs.24,63,099
    2033 Rs.2,18,803 Rs.70,865 Rs.2,89,668 Rs.23,92,234
    2034 Rs.2,12,156 Rs.77,512 Rs.2,89,668 Rs.23,14,721
    2035 Rs.2,04,885 Rs.84,783 Rs.2,89,668 Rs.22,29,938
    2036 Rs.1,96,931 Rs.92,737 Rs.2,89,668 Rs.21,37,200
    2037 Rs.1,88,231 Rs.1,01,437 Rs.2,89,668 Rs.20,35,764
    2038 Rs.1,78,716 Rs.1,10,952 Rs.2,89,668 Rs.19,24,812
    2039 Rs.1,68,307 Rs.1,21,361 Rs.2,89,668 Rs.18,03,452
    2040 Rs.1,56,923 Rs.1,32,745 Rs.2,89,668 Rs.16,70,708
    2041 Rs.1,44,471 Rs.1,45,197 Rs.2,89,668 Rs.15,25,511
    2042 Rs.1,30,850 Rs.1,58,818 Rs.2,89,668 Rs.13,66,694
    2043 Rs.1,15,952 Rs.1,73,716 Rs.2,89,668 Rs.11,92,978
    2044 Rs.99,658 Rs.1.90,010 Rs.2,89,668 Rs.10,02,967
    2045 Rs.81,833 Rs.2,07,835 Rs.2,89,668 Rs.7,95,132
    2046 Rs.62,335 Rs.2,27,333 Rs.2,89,668 Rs.5,67,800
    2047 Rs.41,011 Rs.2,48,657 Rs.2,89,668 Rs.3,19,143
    2048 Rs.17,686 Rs.2,71,982 Rs.2,89,668 Rs.47,160
    2049 Rs.529. Rs.47,160 Rs.47,689 Rs.0

    CitiBank Home Loan EMI Calculator FAQs

    1. What is the purpose of a Home Loan EMI Calculator?
    2. The Home Loan EMI Calculator is a simple tool that helps you get an idea of how much your Equated Monthly Instalments (EMIs) can be by taking various components such as the principal amount, tenure of your home and interest rate into account.

    3. What are the home loan EMI tax benefits?
    4. Under Section 24 B of the IT Act, you can avail tax benefits up to Rs.2 lakh on the interest paid against your home loan. Under Section 80 C of the Income Tax Act, taxpayers are eligible for tax deductions up to Rs.1.50 lakh on the principal repayment on the loan.

    5. Is making partial pre-payments beneficial?
    6. Yes, you can make prepayments on your loan during the tenure. This will allow you to bring down the outstanding principal which you can either choose to reduce the tenure of your loan or lower the rate of interest, resulting in reduced EMIs.

    7. How is Pre-EMI different from EMI?
    8. Pre-EMI is the interest paid on the loan amount disbursed until the complete disbursal of your home loan. The pre-EMI is to be made on a monthly basis until the final disbursal is made. Only after the last disbursement is made will the regular EMIs commence.

      

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