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

    Citibank is one of the top banks across India that offers great financial services and products. The home loans offered by Citibank comes with great benefits and perks. The rate of interest associated with Citibank home loans range between 8.60% and 9.10%. No guarantor is required while applying for a Citibank home loan. The loan tenure stands at 25 years and the processing fee associated with Citibank housing loan is up to Rs.5,000. No partial prepayment charges or preclosure charges are associated with this home loan.

    Interest Rate 8.60% to 9.10%
    Guarantor Requirement Nil
    Loan Tenure 25 Years
    Processing Fees Upto Rs.5,000/-
    Partial pre-payment Charges Nil
    Pre-closure Charges Nil

    Types of Home Loans offered By Citibank:

    1. Variable Rate Loans
    • Home Loan Takeover / Home Loan
    • Property Power Loans
    • Home Loan Takeover with Enhancement
    1. Semi – Fixed Loans
    • Home Loan Takeover / Home Loan
    • Property Power Loans
    • Home Loan Takeover with Enhancement

    Citibank Home Loan Interest Rates for Variable Rate Loans:

    CitiBank Home Loan Takeover / Home Loan:

    Home Loans – Self Employed 8.85% p.a. to 9.35% p.a.
    Home Loans – Salaried 8.60% p.a. to 9.10% p.a.

    In case of home loans offered to the self-employed applicants, the rate of interest ranges between 8.85% p.a. and 9.35% p.a. However, for the salaried applicants, the rate of interest ranges between 8.60% p.a. and 9.10% p.a.

    CitiBank Property Power Loans:

    Loans that amount up to Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines 9.00% p.a. to 9.50% p.a.
    Loans amount that are more than Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines 8.75% p.a. to 9.25% p.a.
    All the other loans offered to salaried applicants (Non-priority sector lending) 8.75% p.a. to 9.25% p.a.
    All the other loans offered to self-employed applicants (Non-priority sector lending) 10.00% p.a. to 10.50% p.a.
    • Loans that amount up to Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines come with an interest rate ranging between 9.00% p.a. and 9.50% p.a.
    • Loans amounts that are more than Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines come with an interest rate ranging between 8.75% p.a. and 9.25% p.a.
    • All the other loans offered to salaried applicants (Non-priority sector lending) come with and interest rate ranging between 8.75% p.a. to 9.25% p.a. Loans offered to self-employed applicants (Non-priority sector lending) come with an interest rate ranging between 10.00% p.a. and 10.50% p.a.

    CitiBank Home Loan Takeover with Enhancement / Home Loan Top-Up:

    Home Loan Takeover with Enhancement / Home Loan Top-Up (with the cash out part within 100% of the home loan amount) 9.00% p.a. to 9.75% p.a.

    In case of Home Loan Takeover with Enhancement / Home Loan Top-Up (with the cash out part within 100% of the home loan amount) the rate of interest ranges between 9.00% p.a. and 9.75% p.a.

    CitiBank Semi – Fixed Loans Rates:

    Home Loan Takeover / Home Loan:

    Home Loans – Self Employed 8.75% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.70% p.a.
    Home Loans – Salaried 8.50% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.45% p.a.

    In case of home loans offered to the self-employed applicants, the rate of interest stands at 8.75% p.a. However, for the salaried applicants, the rate of interest stands at 8.50% p.a.

    CitiBank Property Power Loans:

    Loans that amount up to Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines 8.75% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.85% p.a.
    Loans amount that are more than Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines 8.50% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.60% p.a.
    All the other loans offered to salaried applicants (Non-priority sector lending) 9.25% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 1.60% p.a.
    All the other loans offered to self-employed applicants (Non-priority sector lending) 9.50% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 1.85% p.a.
    • Loans that amount up to Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines come with an interest rate stands at 8.75%.
    • Loans amount that are more than Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines come with an interest rate stands at 8.50%.
    • All the other loans offered to salaried applicants (Non-priority sector lending) come with and interest rate stands at 9.25%. Loans offered to self-employed applicants (Non-priority sector lending) come with and interest rate stands at 9.50%.

    CitiBank Home Loan Takeover with Enhancement / Home Loan Top-Up:

    Home Loan Takeover with Enhancement / Home Loan Top-Up (with the cash out part within 100% of the home loan amount) 8.75% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.85% p.a.

    In case of Home Loan Takeover with Enhancement / Home Loan Top-Up (with the cash out part within 100% of the home loan amount) the rate of interest stands at 8.75% p.a.

    Citibank NRI Home Loan Interest Rate:

    CitiBank Home Loan Takeover / Home Loan:

    Home Loans – Self Employed 8.85% p.a. to 9.35% p.a.
    Home Loans – Salaried 8.60% p.a. to 9.10% p.a.

    In case of home loans offered to the self-employed applicants, the rate of interest ranges between 8.85% p.a. and 9.35% p.a. However, for the salaried applicants, the rate of interest ranges between 8.60% p.a. and 9.10% p.a.

    CitiBank Property Power Loans:

    Loans that amount up to Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines 9.00% p.a. to 9.50% p.a.
    Loans amount that are more than Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines 8.75% p.a. to 9.25% p.a.
    All the other loans offered to salaried applicants (Non-priority sector lending) 8.75% p.a. to 9.25% p.a.
    All the other loans offered to self-employed applicants (Non-priority sector lending) 10.00% p.a. to 10.50% p.a.
    • Loans that amount up to Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines come with an interest rate ranging between 9.00% p.a. and 9.50% p.a.
    • Loans amount that are more than Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines come with an interest rate ranging between 8.75% p.a. and 9.25% p.a.
    • All the other loans offered to salaried applicants (Non-priority sector lending) come with and interest rate ranging between 8.75% p.a. to 9.25% p.a. Loans offered to self-employed applicants (Non-priority sector lending) come with and interest rate ranging between 10.00% p.a. and 10.50% p.a.

    Citibank Home Loan Takeover with Enhancement / Home Loan Top-Up:

    Home Loan Takeover with Enhancement / Home Loan Top-Up (with the cash out part within 100% of the home loan amount) 9.00% p.a. to 9.75% p.a.

    In case of Home Loan Takeover with Enhancement / Home Loan Top-Up (with the cash out part within 100% of the home loan amount) the rate of interest ranges between 9.00% p.a. and 9.75% p.a.

    Semi – Fixed Loans:

    Home Loan Takeover / Home Loan:

    Home Loans – Self Employed 8.75% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.70% p.a.
    Home Loans – Salaried 8.50% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.45% p.a.

    In case of home loans offered to the self-employed applicants, the rate of interest stands at 8.75% p.a. However, for the salaried applicants, the rate of interest stands at 8.50% p.a.

    Citibank Property Power Loans:

    Loans that amount up to Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines 8.75% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.85% p.a.
    Loans amount that are more than Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines 8.50% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.60% p.a.
    All the other loans offered to salaried applicants (Non-priority sector lending) 9.25% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 1.60% p.a.
    All the other loans offered to self-employed applicants (Non-priority sector lending) 9.50% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 1.85% p.a.
    • Loans that amount up to Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines come with an interest rate stands at 8.75%.
    • Loans amount that are more than Rs.2 crore offered to the manufacturing or service units qualifying under the Small and Medium Enterprise norms as published by the Reserve Bank of India under Priority Sector Lending guidelines come with an interest rate stands at 8.50%.
    • All the other loans offered to salaried applicants (Non-priority sector lending) come with and interest rate stands at 9.25%. Loans offered to self-employed applicants (Non-priority sector lending) come with and interest rate stands at 9.50%.

    Home Loan Takeover with Enhancement / Home Loan Top-Up:

    Home Loan Takeover with Enhancement / Home Loan Top-Up (with the cash out part within 100% of the home loan amount) 8.75% p.a. (fixed till July 31, 2018) Applicable MCLR for 3 months plus 0.85% p.a.

    In case of Home Loan Takeover with Enhancement / Home Loan Top-Up (with the cash out part within 100% of the home loan amount) the rate of interest stands at 8.75% p.a.

    Factors on Which CitiBank Home Loan Interest Rate Depends:

    • Salary: The housing loan applicant’s salary is extremely important in determining the interest rate associated with the loan. If the salary of the applicant is high, the rate of interest associated with the home loan will be low.
    • Amount: The rate also depends on the amount of loan borrowed by the customer. If someone avails a higher loan amount, he/she will have to pay a lower rate of interest.

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    Citibank Home Loan Interest Rates Reviews

    • Citibank Home Loan
      "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? 0
      , bangalore
      Reviewed on Apr 08, 2019
    • Citibank Home Loan
      "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 Home Loan
      "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? 1
      , mumbai
      Reviewed on Mar 13, 2019
    • Citibank Home Loan
      "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 Home Loan
      "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? 3
      , chennai
      Reviewed on Jan 18, 2019
    • Citibank Home Loan
      "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 Home Loan
      "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 Home Loan
      "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 Home Loan
      "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? 4
      , chennai
      Reviewed on Aug 04, 2018
    • Citibank Home Loan
      "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 Home Loan
      "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 Home Loan
      "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 Home Loan
      "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 Home Loan
      "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? 0
      , bangalore
      Reviewed on Jun 30, 2017
    • 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? 1
      , 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
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