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Citibank Home Loan Interest Rates 2025
Updated on: Jan 13th, 2025
|
6 min read
CitiBank provides home loans, which offer extensive features, benefits and competitive interest rates, have been specially designed to suit your home finance needs. With attractive interest rates ranging from 8.45–8.95%, loans covering up to 80% of the property value and a flexible tenure of 25 years, CitiBank is bound to captivate a future home owner with their home loans.
Highlights of CitiBank home loan interest rates
CitiBank Home Loan Amount | 80% of the property value |
CitiBank Housing Loan Interest Rate | 8.38% p.a. - 9.58% p.a. |
Loan Tenure | Up to 25 years |
Processing Fees | 1% of loan amount |
Maximum Loan Amount | Rs. 10 crore |
Foreclosure Charges | NIL |
CitiBank Home Loan Interest Rates for Women | A concession of 0.25% is given for women applicants, therefore giving them a starting interest rate of 8.20%. |
Interest rates of top home loan schemes of CitiBank
Home Loan Scheme | Interest rates |
Home Loan | TBLR 3M + 1.90% p.a. to TBLR 3M + 2.85% p.a. |
Home Loan with Home Credit | TBLR 3M + 1.90% p.a. to TBLR 3M + 3.10% p.a.
|
Home Loan Takeover with Enhancements | TBLR 3M + 1.95% p.a. to TBLR 3M + 2.90% p.a. |
Home Loan Takeover with Enhancement with Home Credit | TBLR 3M + 1.95% p.a. to TBLR 3M + 3.15% p.a. |
*Here, TBLR-3M stands for Treasury Bill linked Lending rate for variable rate loans referring to the 3-month Treasury bill reference rate. As of 12 December 2024, TBLR is at 6.43% p.a.
Comparison between CitiBank home loan interest rates with other banks
Banks | Home Loan Interest Rates |
State Bank of India | 8.50% p.a to 10.45% p.a |
Axis Bank | 8.75% p.a to 9.15% p.a |
Bank of Baroda | From 8.4% p.a |
Punjab National Bank | From 8.50% p.a |
HDFC Bank Limited | 8.75% p.a to 9.40% p.a |
ICICI Bank | 9.25% p.a. onwards |
CitiBank | From 7.45% p.a |
LIC Housing Finance | 8.50% p.a. to 10.35% p.a. |
Kotak Mahindra Bank | From 8.70% p.a. |
Federal Bank | 10.15% p.a. - 10.20% p.a. |
History Of CitiBank Home Loans:
Year | Interest Rate |
2024 | 8.38% p.a. - 9.58% p.a. |
2023 | 6.80% p.a. |
2022 | 6.75% % p.a. |
Top Home Loan Schemes of CitiBank
- Home Loan
CitiBank offers home loans with a loan-to-value ratio of up to 80% of the property value and interest rates starting from 8% per annum. The repayment tenure is flexible, allowing borrowers to choose a term of up to 25 years. Additionally, CitiBank provides the option to pay only the interest during the construction period. To ensure a smooth and seamless experience, the bank also offers personalized loan and repayment plans tailored to meet the unique needs of each customer.
- Home Loan Takeover with Enhancement
CitiBank’s home loan takeover with enhancement allows you to close high-cost debts and reduce your monthly payments. With the home loan bank transfer facility, you can lower your interest rates and top up your loan with additional funds, helping you save more and repay the loan faster. This option also ensures you are better prepared for unexpected expenses.
- Top-up Loans
When you need to fund personal or professional expenses, CitiBank’s top-up loans allow you to borrow up to Rs. 5 crores. A special feature lets you reclaim the entire principal amount you’ve repaid. Additionally, you have the option to take a separate facility that keeps your existing home loan intact.
Features and benefits of CitiBank home loan
- Get attractive interest rates on home loans.
- Loan amount of up to 80% of the property value is available.
- Flexibility to pay interest only until the course construction is complete.
- Interest is calculated on a daily reducing balance basis.
- Get online access to your home loan account.
- Home loans are available for the purchase of under-construction property and ready property.
- CitiBank offers home loans to both salaried and self-employed applicants.
- Maximum tenure of the loan is 25 years.
Who is eligible for CitiBank home loans
- Resident Indians
- Salaried individuals
- Self-employed individuals
- Age: 21 years to 65 years
- Work Experience: A minimum of 2 years for salaried employees and 3 years for self-employed individuals
Documents required for CitiBank home loans
Salaried Applicants | Self-Employed Applicants |
Duly filled loan application form | Duly filled loan application form |
2 Passport Size Photos | 2 Passport Size Photos |
Identity Proof – Passport/Driving Licence/Voter ID/PAN | Identity Proof – Passport/Driving Licence/Voter ID/PAN |
Address Proof – Leave and License/Registered Rent Agreement/Utility Bill (last 3 months)/Passport | Address Proof – Leave and License/Registered Rent Agreement/Utility Bill (last 3 months)/Passport |
Income Proof – Last 6 months’ payslips, last 2 years’ Form 16, last 6 months’ bank statement showing salary credited and any EMI debits | Business Income Proof – GST registration, incorporation details in case of companies, business address proof, profit and loss account, balance sheets certified by CA, copy of partnership deed, and proof of business existence and business profile |
Fees and charges
Processing fee | Up to 1% (Min. of Rs. 10,000) + GST |
CitiBank home loan EMI calculator
We offer an important tool, Home Loan EMI Calculator, to help you evaluate and plan your budget for a home loan.
Similar Other Bank Home Loan Schemes
Lowest Home Loan Interest Rate
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Punjab Bank Home Loan Interest Rate
IDBI Bank Home Loan Interest Rate
Kotak Bank Home Loan Interest Rate
Axis Bank Home Loan Interest Rate
ICICI Bank Home Loan Interest Rate
HDFC Bank Home Loan Interest Rate
Union Bank of India Home Loan Interest Rate
Central Bank of India Home Loan Interest Rate
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