Citibank offers home loans at competitive interest rates for already built and under constructions apartments and flats.

About the home loan

In the case of under construction homes, the applicant has the option to only pay interest during the construction period.

Interest rate on Citibank home loans is calculated on a daily reducing balance basis.

Citibank Home Loan Details

Interest Rate 9.85% to 10.35%

Base Rate - 9.25%

Guarantor Requirement Nil

Loan Tenure 25 Years

Processing Fees Upto 5000/-

Partial pre-payment Charges Nil

Pre-closure Charges Nil

Eligibility for home loan

At least 23 years old

Less than 65 years old

Salaried / Self-employed with regular income

Earn more than the minimum income required

Documents required

Following documentation needed to apply for an Citibank Home Loan

1. Signed application form with photograph

2. ID and residence proof

3. Approved Building Plan

4. Last 3 months bank statements

5. Documentation for salaried applicants:
- Last 3 months salary-slips

- Form 16 or Income Tax Returns

6. Documentation for self-employed applicants:
- Last 2 years Income Tax Returns

- Last 2 years CA Certified Profit & Loss Account