Citibank Home Loan

A subsidiary of Citigroup, a multinational financial services corporation headquartered in the New York City, US, Citibank India is essentially an Indian private sector banking establishment offering a comprehensive range of financial services and products, including retail loans, consumer banking, corporate banking, wealth management and investment banking, to Indian customers. Citibank India has its presence in 19 Indian cities with its 35 full-service branches, apart from 500 ATMs spread all over the country.

Home Loan Eligibility Criteria for Salaried / Self-Employed

In order to avail Citibank Home Loan you should be minimum 23 years in age, having a work experience of at least two years. The maximum age limit is fixed at 65 years. The applicant must be either a self employed individual or a salaried person earning regular income each month. More details related to Citibank Home Loan eligibility criteria such as minimum income, overall employment, acceptable credit score, acceptable qualification etc. can be found below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

Citibank Home Loan Features / Details

You can avail Citibank Home Loan for purchase of a ready to move in house or for an under construction property. Citibank promises attractive interest rates regardless of what you need it for. The quantum of loan can be anywhere from INR 5 lakh to INR 10 crore, with flexible repayment tenure going up to 25 years. The home loan can be of a maximum 80% of the property value. There is even an option to pay only the interest component during the construction period. The applicable interest rate is calculated on a daily reducing balance basis. There is no need of any guarantors or co-borrowers to avail this loan. Following are up to date and precise details related to the Citibank Home Loan features.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Citibank Home Loan Fees / Charges

While there are no pre-closure charges or partial prepayment charges involved in Citibank Home Loan, you might be charged a processing fee on the sanctioned home loan amount. Other pertinent charges like loan cancellation charges, amortization schedule charges, cheque swapping charges, late payment charges, charge for duplicate copy of no dues certificate etc. might be applied depending on the requirement/s and circumstances. Details regarding these Citibank Home Loan charges/fees can be found below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees