Welcome dear reader, let’s learn about How to get Citibank Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
If you want to apply for Citibank home loan then this article is for you. Home loan Comes under the category of secured loan.
If you want to build a house and you are short of money, then in this situation Home Loan can accompany you
like other banks Citibank also provides home loan to its customers . You have to apply for Citibank Home Loan . You can apply both online and offline .
In this article , we will get information about the complete process of applying for Citibank Home Loan, so you are requested to read this article till the end .
Citibank Home loan 2023
Anyone can take a home loan to build a house , buy a house or get a house repaired . Citibank offers customers attractive interest rates Housing Loan provides | Currently, the interest rate of Citibank home loan starts from 6.65% per annum . Your income , CIBIL Score , to be given under home loan depends on factors such as If your income and your credit score are high, then you can take a home loan up to a higher loan amount .
Any salaried and self-employed person Citibank Housing Loan can apply for _ You can take loan amount up to Rs 10 crore from this bank under home loan . The loan tenure of this home loan is up to 25 years . You can take this loan to buy an under construction property or to buy a ready-made property . If you are an existing customer of the bank, then you can take advantage of the attractive interest rates of the bank .
If you are from Citibank personal loan If you want to take advantage of this then you can click on this link Citibank Personal loan You can apply for personal loan by clicking on
Key Features of Citi Bank Home Loan
- Loan Name: Citibank Home Loan 2024
- Name of the lending bank: Citibank
- Loan Amount: Maximum Rs.10 Crore
- Interest Rate : Starting from 6.65% pa
- Application Mode: Online / Offline
- Loan Tenure: 25 Years
- Age to apply: 21 to 65 years
- Home Loan Available For: For purchase of under construction property / For purchase of ready property
- Official Website: https://www.online.citibank.co.in/
Citibank Home Loan Interest Rate 2024
Citibank Housing Loan The interest rate starts from 6.65% per annum . This interest rate can change from time to time, so at the time when you are applying for home loan, you must take information about this interest rate with the help of the bank’s official website or by visiting your nearest bank branch . Before taking a personal loan, we should Personal loan interest rate 2023 Similarly, before taking a home loan, we need to know about Home loan interest rate 2023 It is necessary to have information about If you can apply for that loan without knowing the exact interest rate of the loan, then you may have to face parasanio at the time of repayment of the loan .
Citibank Home Loan Benefits and Features
- can take Citibank Home Loan to buy an under-construction property or buy a ready-made property .
- You can take this loan for home purchase or home renovation .
- 80% of the property value You can take home loan .
- maximum home loan you can take from Citibank is Rs 10 crore .
- The benefit of pre-approved offers is provided to select customers .
- You can take this loan for a period of up to 25 years .
- Attractive interest rates |
- Flexibility to pay interest only during the construction period .
- Calculation of interest on daily reducing balance .
- The special feature of Citibank Home Loan is that it does not require any co-borrower/guarantor for security, which is often seen in the case of personal loans .
- Home Loan Balance Transfer Facility , Home Loan Top-up Facility .
- Opportunity to save on loan interest by depositing your excess balance in a linked home credit account .
- can choose to pay interest only during the construction period .
- This bank will help you through the unique home credit option. Offers power pack to your loan in which you can decide how much interest you pay on your loan .
- 2 options in home credit loan which you can select as per your requirement :
- Home Credit Vanilla Alternatives: In this, an overdraft line is set on the home credit account. And the interest savings from home credit facility goes towards increasing this line .
- Home Credit Fast Track Option: It gives you the option to repay your home loan faster . The interest savings are adjusted to reduce your outstanding loan which effectively shortens the tenure of the loan and helps in faster closing of your home loan .
Citibank Home Loan Eligibility
If you are eligible for this home loan then only you can apply for this loan . Here is the information about the eligibility of this home loan . You can go to the official website of Citibank Home Loan Eligibility Calculator You can calculate your eligibility online by using The eligibility for Citibank home loan is as follows:
- Applicant must be a permanent resident of India .
- Any salaried person or self-employed person can apply for this home loan .
- Applicant’s minimum age should be 21 years and maximum age should be 65 years at the time of loan maturity .
- 2 years of business continuity / work experience and for self-employed it is minimum 3 years .
- You can take a home loan up to a maximum of Rs 10 crore .
Citibank Housing Loan Documents Required
Before applying for a home loan, you should get all your documents together so that whenever the bank asks for documents from you, you can show them all the documents immediately . The documents you need for Citibank home loan are as follows:
| general document | Home Loan Application Form Passport Size Photo Residence Proof Date of Birth Certificate Identity Proof Signature Verification Proof Business Address Proof In case of Partnership Firm/Company – Proof of Identity , Residence and Address is required from all the Partners/Directors. |
| income proof document for salaried | Latest Salary slip – last 2 months Bank Statement – Last 3 Months Latest ITR / Form 16 Last 2 Years Work Experience Proof |
| income proof document for self employment | Calculation of Income ITR Balance Sheet and P&L Account with All Schedules – CA Certified Last 3 Months Bank Statement Business Continuity Proof for the Last 3 Years Business Address Proof For Companies: Memorandum of Incorporation and Articles of Association CA Certificate for List of Directors and List of Shareholders (with Shareholding Pattern) Latest Partnership Deed for Partnership Firms CA Certificate for List of Partners with Profit Sharing Ratio |
| property document | Agreement for Sale , Title Deed , Encumbrance Certificate (Photocopy) Allotment letter/bye-laws of Cooperative Society or Association of Apartment Owners, approved plans and clearance certificates from the authorities |
How to apply for Citibank Home Loan ?
If you fulfill all the conditions of this bank’s home loan, then you can apply for this loan . You can apply for this home loan both online and offline . Information about both the process of applying is given here .
Citibank Home loan apply online
If you want to apply online then follow the steps given below :
- The applicant must first visit the official website of the bank You have to visit online.citibank.co.in .
- website home page Home Loans Click on this option will appear .
- After clicking, all the information related to home loan will come in front of you on the new page .
- on this page you Apply Now Click on this option will appear .
- After clicking, the form will open in front of you on the next page .
- You have to enter all the information asked in the form correctly and submit the form .
- In this way your request will go to the bank and after that the loan process will be issued further .
How to apply offline ?
If you do not want to apply online then you can also apply offline . To apply offline, follow the steps given below:
- First of all you have to go to your nearest Citibank branch .
- By going to the bank, you have to contact the bank employee .
- The bank employee will provide you all the information related to the home loan .
- After that your documents will be verified , your CIBIL score will be checked .
- If you fulfill all the conditions of the bank, then the loan process will be carried forward .
- If your loan is approved then the loan amount is transferred to your bank account .
Citi Bank EMI Calculator
Before applying for a home loan, you should calculate the EMI of your loan, so that you get an idea of how much EMI (Equated Monthly Installment) you will have to pay at the time of repayment of the loan . If you do not calculate the EMI of your home loan , then you may face problems at the time of loan repayment . You from Citibank Home Loan EMI Calculator You can calculate the EMI of your loan by using EMI mainly depends on three factors, loan amount , interest rate and loan tenure .
Home Loan Processing Fee and Other Charges
Here are the processing fees and other charges levied on Citibank home loan:
| Application Fee ( non-refundable) | up to Rs.5000 |
| Booking Fee ( non-refundable) | 0.40% of the sanctioned loan amount |
| Partial Prepayment Fee ( non-refundable) | Fixed Rate Home Loan: NIL Variable Rate Home Loan/Semi Fixed Rate Home Loan: Nil Semi Fixed Rate Home Loan (During Fixed Rate Tenure): – Less than 25% of the loan amount sanctioned (once in a year) with partial prepayment For: Nil – If the loan is closed within 1 year from the date of part prepayment: Foreclosure charges will also be levied on part prepayment. – For prepayment exceeding 25% in a year during the fixed rate period : 2% |
| foreclosure fee | Variable Rate Home Loan / Semi Fixed Rate Home Loan : Nil Fixed Rate Home Loan / Semi Fixed Rate Home Loan : 2% of the outstanding loan |
| Charges for NACH/SI/Check Bounce | 500 per instance |
| penal interest | 2% of the prevailing interest rate on the outstanding loan amount for the defaulted period |
| re-pricing fee | Zero |
Citibank Home Loan Customer Care
If you are facing any kind of problem in applying for Citibank Home Loan or you want to know more about this loan, then you can contact Citibank Home Loan Customer Care .
- Toll Free Number: 1860 210 2484
Conclusion:
In this article we have provided complete information about Citibank home loan, Any person who is thinking of building a house and is short of money can take advantage of this home loan .
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FAQ’s
Q. What is Citibank Home Loan ?
Ans . When any person takes a loan to buy , build or construct a house or flat, it is a home loan . Like other banks, Citibank also provides home loan facility to the customers .
Q. How much amount can I get under Citibank Home loan ?
Ans . Up to a maximum of Rs.10 crores . You can take a home loan up to 80% of the property value .
What is the loan tenure of Citibank home loan ?
Ans . up to 25 years
Q. How to apply for Citibank Home loan ?
Ans . Complete information about applying for a loan is given in this article . You can apply for this loan by reading this article .
Q. What is the Citibank home loan interest rate ?
Ans . The interest rate starts from 6.65% p.a.