Home Loan By Citibank

Features For Home Loan By Citibank

Special features of Citibank Home Loan

  • Attractive Interest Rates.
  • Easy Home Loan up to Rs. 10 crore.
  • Flexible repayment tenure up to 25 years.
  • Home Loans up to 80% of the property value.
  • Flexibility to pay interest only during construction period.

Citibank Benefits

  • Interest calculated on daily reducing balance.
  • No co-borrowers/guarantors required.
  • Convenient repayment through Standing Instruction or Electronic Clearing System.
  • CitiPhone platform to answer all your queries.
  • Online access to your Home Loan account.

Home Loans available for

  • Purchase of under construction property.
  • Purchase of Ready Property.

Home Credit Advantage For Home Loan By Citibank


Citibank offers you to power pack your loan through the unique Home Credit option which lets you decide what interest you pay on your loan.

Home Credit loans operate through Home Credit Account which is a current account linked to your loan. All amounts deposited in the Home Credit account in excess of the threshold amount and subject to a maximum of your outstanding loan is transferred on a daily basis to your loan account to offset the interest being charged on your loan. This amount is always available for withdrawal by you as an overdraft line.

Citibank offers you 2 options in Home Credit loans that you can choose depending on your needs:

Home Credit Vanilla option

Home Credit Vanilla option gives you the option of maintaining liquidity. An overdraft line is set on the Home Credit account and interest savings arising out of the Home Credit facility go towards increasing this line, which is always available for withdrawal by you.

Home Credit Fast Track option

Home Credit Fast Track gives you the option of repaying your home loan faster. Interest saves are adjusted towards reducing your loan outstanding, which effectively reduce the tenure of your loan and help you close your home loan faster.


FAQ For Home Loan By Citibank


Loan Amount

How do I avail a Citibank Home Loan?

What is the maximum Home Loan amount I can avail?

Home Loans are available from Rs5 Lakh to Rs10 Crore.

What is the maximum tenure that I can have for my Home Loan?

Citibank Home Loans have maximum repayment tenure of up to 25 years. The actual tenure of your loan is subject to the bank's discretion.

What is the maximum Loan to Value (LTV) that I can avail a Home Loan for?

Based on the valuation of your property, you can avail a Home Loan of up to 80% of your property value.

What is the minimum eligibility for availing a Citibank Home Loan?

You should be at least 23 years of age and have work experience of at least 2 years to avail a Home Loan from Citibank.

Can I get a pre-approval for my loan now and avail a Home Loan later?

Yes, based on your income and capacity to repay, we can give you an in principle approval for a Home Loan. Based on the approved loan amount, you can easily identify the property you need to buy. However, the property should meet Citibank Credit parameters for obtaining a final sanction.

Can I avail a top-up loan on my existing loan?

Yes, once you have completed repayments on your existing loan for more than 6 months, we offer you an additional top-up loan on your existing Home Loan. The final sanction of such loan is at the discretion of Citibank.


What is an EMI and how is the EMI calculated on my Home Loan?

EMI stands for Equated Monthly Installments. This installment includes both the Principal and Interest Components. Citibank Home Loans are repaid through EMIs (Equated Monthly Installments) over the period of the loan. The table below shows indicative EMIs for different periods for a loan of Rs1 lakh and interest rate of 10%.

find out the EMI on your loan.

Loan Tenure (in Years)
EMI Per Lakh (in Rupees)







How do I repay my Home Loan EMI?

Citibank offers you a host of repayment options for your loan EMI. You can pay your EMI through: SI (Standing Instruction) on your Citibank account or an ECS (Electronic Clearing System) instruction on your Non-Citibank account.

Can I prepay my Home Loan?

Yes, you are allowed to prepay your loan. You can also choose to make partial prepayments on your home loan. Please refer to the Terms and conditions mentioned in the loan agreement to know more about the applicable charges on prepayments.

Home Credit

Is it possible to further reduce my interest costs?

Yes, you can! You can opt for Citibank Home Credit to further reduce the interest cost on your Home Loan



Citi India began operations over a century ago in 1902 in Kolkata and today is a significant foreign investor in the Indian financial market. As promoter-shareholder, Citi has played a leading role in establishing important market intermediaries such as depositories, credit bureau, clearing and payment institutions. Operating 45 full-service Citibank branches in 28 cities, it is the preferred banker to 45,000 small and mid-sized companies. Citi helped lay the foundation of the Indian software industry by establishing Citicorp Overseas Software Ltd. and lflex Solutions Ltd.; it pioneered the ITES industry in financial services through Citigroup Global Services Ltd. (CGSL). Oracle acquired lflex in 2005 and CGSL was acquired by Tata Consultancy Services in 2008. Citi India, with around 11,400 employees, is headquartered at First International Financial Centre (FIFC), a world-class environmentally friendly building. It added two new green premises this year, taking the total LEED certified premises to 12.

Citi serves the full spectrum of clients - from helping India's top global corporations commit capital, make markets and manage their global cash positions to supporting the growth ambitions of the country's small and mid-sized enterprises and enabling individuals and households save, invest, spend, borrow and protect their money with trust and confidence. Citi India's products and services are organized under two major segments: Institutional Clients Group (ICG) and Global Consumer Bank (GCB).

ICG serves Citi's best-in-class products, services and execution through Global Banking, Global Markets, Treasury & Trade Solutions, Securities Services, Citi Research and Citi Private Bank.

GCB serves clients in every segment across the entire wealth continuum as they grow in affluence, beginning with the path breaking salaried proposition (CitiAtWork), the emerging affluent (Citibanking), the affluent (Citigold) and the High Net Worth (Citigold Private Client). Citi pioneered the Non-Resident proposition in 1985 to serve the global Indian's unique banking and wealth management needs. With 2.3 million cards in force and 16% share in card spends, Citibank offers a suite of market first premium, rewards and affinity credit cards. Citi Wealth Advisors offers brokerage services to retail customers.


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