Apply for Citi Bank Home Loan

Hassle-free Documentation Process | Doorstep Service | Secured Loan | Complete Transparency | Low Interest Rate

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20

Years Of Experience

About Citi Bank Home Loan

Citi Bank Home Loan provides the necessary financial support for Home Buying, Home Renovation, Home Extension, and Plot Purchase. It is a secured loan that requires the borrower to provide collateral as a form of security.

LoanMoney is a registered and authorized Direct Selling agent of various National, Multinational, and Non-Banking Financial Companies. It provides a loan with minimum documentation, low-interest rates for a longer tenure, fast approval mechanism, low processing fees, and multiple repayment options. Apply for Citi Bank Home Loan through LoanMoney to get hazel-free get hassle-free financial support from India's leading Bank.

Features of Citi Bank Home Loan

Whether you are a first-time home buyer, investing in your dream home or changing homes - we have the right home loan offering to suit your needs.

  • Purchase of under-construction property
  • Home Loan for NRIs
  • Purchase of ready property
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Details of Citi Bank Home Loan

  • Interest Rate

  • Eligibility Criteria

  • Documents Required

  • General Information

Interest Rate

Fee Amount to be Paid
Rate of Interest 6.55% Onwards
Loan Processing Charges Min. 5900/ Or 1% + Service Tax
Cheque Bounce Charges NA
Cheque/ Instrument Swap charges NA
Prepayment/ Foreclosure Charges NA
Default Interest Rate NA
Duplicate Statement Issuance Charges NA
Duplicate Amortization Schedule Charges NA
Duplicate Interest Certificate NA
S(Provisional/ Actual) issuance Charges NA
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Citi Bank Home Loan Eligibility Criteria

Age(Min-Max) 23 To 60 Years 23 To 65 Years 23 To 65 Years Minimum Income Min. 2,40,000/ p.a Min. 2,40,000/ p.a Min. 2,40,000/ p.a Co-applicant NA NA NA Loan Tenure Max. 25 Years Max. 25 Years Max. 25 Years Maximum Loan Amount Max. 10 Crore Max. 25 Crore Max. 25 Crore Employment/Business Continuity Min. 2 Year Min. 3 Year Min. 3 Year CIBIL Score Min. 700+ Min. 650+ Min. 650+
Particulars Salaried Self Employed Professional
Citi Bank Documents Required

For Self-Employed

  • Filled up a loan application form
  • Passport size photo
  • ITR of the last 2 years
  • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
  • Residential Address Proof - License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement.
  • Property Documents - Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

For Salaried

  • Filled up the loan application form
  • 2 Passport Size Photo
  • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile
  • Property Documents - Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension
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Citi Bank General Information

Salaried Self Employed Professional
Age 23 To 60 Years 23 To 65 Years 23 To 65 Years
Loan Amount 5 Lakh To 10 Crore 5 Lakh To 25 Crore 5 Lakh To 25 Crore
Tenure Max. 25 Years Max. 25 Years Max. 25 Years
Rate of Interest / APR [Annual Percentage Rate] 6.55% Onwards 6.55% Onwards 6.55% Onwards
Features Get Interest Saver Account with Home Loan Get Interest Saver Account with Home Loan Get Interest Saver Account with Home Loan
Processing Fees Min. 5900/ Or 1% + Service Tax Min. 5900/ Or 1% + Service Tax Min. 5900/ Or 1% + Service Tax
Special NA NA NA
Documentation KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents. KYC/Financial(2 Years) & Property Documents.
Eligibility
  • Age: Min. 23 to Max. 60 Years
  • Income: Min. 2,40,000/-
  • Experience: Min. 1 Year
  • Last 3 Months Bank Statement
  • Form 16
  • Age: Min. 23 to Max. 65 Years
  • Income: Min. 2,40,000/-
  • Business: Min. 3 Year
  • Last 3 Months Bank Statement
  • Last 1 Year Business Account Statement 
  • Age: Min. 23 to Max. 65 Years
  • Income: Min. 2,40,000/-
  • Business: Min. 3 Year
  • Last 3 Months Bank Statement
  • Last 1 Year Business Account Statement 

Self-Employed Documents

Proof of Identity and Residence

  • Passport, Aadhaar Card, Voter ID, or any other government-issued photo ID as proof of identity.
  • Recent utility bills or other documents showing your current residential address.

Proof of Business Existence:

  • Business registration documents such as Shop and Establishment Certificate, GST registration.
  • Certificate of Practice (if applicable) for professionals like doctors, lawyers.

Proof of Business Continuity

Business continuity proof such as business contracts, invoices, and client agreements.

Property Documents

Property-related documents like title deed, sale agreement, allotment letter.

Income Proof

  • Business Income Tax Returns (ITR) along with profit and loss statement and balance sheet for the last few years.
  • Audited financial statements if applicable.
  • Bank statements showing regular business transactions and income credits.
  • In some cases, a computation of income certified by a CA (Chartered Accountant).

Personal Financial Documents

  • Personal Income Tax Returns (ITR) for the last few years.
  • Bank statements showing personal financial stability.
  • Details of any other loans or liabilities.

Other Documents

  • Passport-sized photographs.
  • Any other documents as specified by Citi Bank during the application process.

Self-Employed Eligibility

  1. Age Criteria: Applicant to be at least 24 years old and not more than 65 years old.
  1. Income Requirements: For self-employed individuals, Citibank may consider both the business's financial health and the applicant's personal income. Typically, a stable and consistent income is preferred. Citibank may require you to submit your audited financial statements, including income tax returns (ITR), profit and loss statements, balance sheets, etc., for the last 2-3 years to assess your income stability.
  1. Business Continuity: Citibank may prefer businesses that have been in operation for a certain minimum number of years, often around 3 years or more. This indicates the stability and sustainability of the business.
  1. Credit History: Your credit history and credit score play a significant role in determining your eligibility. A good credit score indicates your creditworthiness and increases your chances of approval.
  1. Loan Amount: Citibank and other banks usually offer home loans based on your repayment capacity, which is calculated as a percentage of your income. The loan amount may vary based on factors such as your income, the value of the property, and the loan-to-value (LTV) ratio, which is the percentage of the property value that the bank is willing to finance.
  1. Property Type: Citibank may have specific eligibility criteria based on the type of property you're purchasing (e.g., residential apartment, independent house, plot of land) and its location.
  1. Debt-to-Income Ratio: Banks generally assess your debt-to-income ratio to ensure that your monthly obligations (including the potential home loan EMI) don't exceed a certain percentage of your monthly income. This is to ensure your ability to repay the loan.
  1. Documentation: You will likely need to provide various documents, such as identity and address proofs, business proof, financial statements, income tax returns, bank statements, and property documents.

Quick Enquiry for Citi Bank Home Loan

Share your contact details and talk with our experts to get an instant decision on your loan.

Check Your Eligibility

How much do you need?

EMI Calculator

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Purpose for Taking Home Loan

Home Buying

Buy your dream house or home that is within your budget.

Home Renovation

Make your home more beautiful by renovating your dream home.

Home Extension

Increase the amount of built-up space at your home using this loan.

Clients words

What our clients say

We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.

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Job Varghese

Client

I am totally satisfied by loan money and the way it services its customers.... especially I thank and appreciate Ms. Somya as she is a great resource to the organization. She has been constantly assisting me from start till the end and has been a very prompt and sensible officer as she could offer the relevant deal for me.

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Vishwajeet Nanaware

Client

LoanMoney is really good in providing loan services. Particularly Chanchal, my loan assistant has great skills to communicate with her clients and understand their needs. She processed my personal loan on time. The rate of interest offered was lower than the others. it was overall a good experience with 100% satisfaction.

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Avlokit Kaushik

Client

This is my second time in have taken a loan from LoanMoney. Kavita has helped me a lot..very cooperative very helpful very fast. Thanku again.

FAQ of Home Loan

  • Who can apply for a Home Loan?

    Home Loan is available for salaried/self-employed as well as Professionals, Employees of public/pvt Ltd companies. Every bank has individual minimum criteria for net monthly income Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.

  • How long will it take for my Home Loan to be processed?

    Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.

  • What is the Cheapest Home Loan or Affordable Home Loan?

    An Affordable or cheapest Home Loan is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, and you can get a quick Home Loan with minimum processing fees, No hidden charges. With our easy & minimal paperwork, and flexible EMI payment options will make it a hassle-free Home Loan.

  • What are Nil Foreclosure Charges in Home Loan?

    The term Loan foreclosure means that when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

    Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Home Loan to try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save your money which you was going to pay to the bank.

  • What are the features of Loanmoney's Fastest Home Loan?

    The features of Loanmoney's Fastest Home Loan are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose and Fast, Cheap & Reliable.

  • Do I need to provide any security or collateral to obtain Home Loan from Bank?

    No, you don’t have to provide any security, collateral or guarantee to obtain Home Loan from Bank.

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