Citibank is the primary U. S banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York and later became first national City Bank of New York. The Citibank has 2649 branches in 19 countries, which is also included 723 branches in the United States.
Citibank offers home loans of up to Rs.10 crore at the lowest interest rates starting from 6.65% p.a. You can extend the tenure for ease of repayments till 25 years. With Citibank home financing schemes, you can get a financing of 80% of the total property cost.
Interest rate
| Interest Rate | 6.65% p.a. onwards |
| Loan Amount | Rs. 10 crore |
| Application Fee | Up to Rs. 5000 |
| Penal Interest Rate | 2% |
| Prepayment | 0-2% |
| Max Tenure | 25 Years |
| Rate Packages Available | Fixed |
Eligibility of Home Loan from Citibank
- Resident Indian with a stable income
- Minimum Age – 21 years (if income is not considered) and 23 years
- Maximum Age – 65 years (at the time of loan maturity)
- Work experience of Business
- For salaried applicants – Minimum 2 years
- For Self employed applicants – Minimum 3 years
- Self-Employed professionals should also show cash profits of at least 2 years in their business (excluding carry forward losses)
Documents Required for Citibank
- Passport size Photograph
- PAN Card
- Aadhaar Card/Proof of possession of Aadhaar/Letter issued by UIDAI (Unique Identification Authority of India) containing name, address and Aadhaar number details.
- Voter ID Card
- Driving License
- National Population Register
- Job Card issued by NREGA (National Rural Employment Guarantee Scheme) signed by an officer of the state government
Documents for builder under construction properties
- Copy of builder buyer agreement
- Copy of allotment letter
- Copy of payment plan
- Copy of possession letter
- Copy of Agreement of sale with the seller (if it is a resale property)
- Copy of Receipts of payments made to the developer
For Resale property
- Copy of Title Deed including previous chain of the property
- Copy of the approved sanction plan
- Copy of the sale agreement
Type of Citibank Home Loan
- Regular Home Loan
- Home Credit Advantage
- Home Credit Vanilla option
- Home Credit Fast track option
- Top Up home Loan
- Balance Transfer
Citibank Home loan fees and Charge
| Particulars | Rates |
| Application Fees | Up to Rs 5,000 plus GST* |
| Booking Fees | Up to 0.40% of the sanctioned loan amount plus GST (Non Refundable)* |
| Cheque/Standing Instruction (SI)/National Automated Clearing House (NACH) Bounce Charges | Rs 500 plus GST* |
| Penal Interest (for non-payment of EMI) | 2% above the prevailing interest rate (on the loan outstanding for defaulted period) |
