Citi Bank Home Loan- Features, Eligibility, Interest rate, Documentation

Citibank offers home loan with competitive interest rates and extensive features. We help you understand and sail through this process so that applying for a home loan with Citibank becomes easy for you. Citibank home loans are available for both purchase of under construction property and purchase of ready property.

Features of Citi Bank Home Loan

• Home Loan up to Rs. 10 crore
• Avail home loans up to 80% of the property value
• Unique flexibility to pay interest only during construction
• Flexible re-payment tenure up to 25 years
• Interest calculated on daily reducing balance
• No co-borrowers or guarantors required

Citi Bank home credit benefits

• Online access to your home loan account
• Convenient re-payment through Standing Instruction or Electronic Clearing System
• 24 hours Citi-Phone platform to answer all your queries
• Offers you to power pack your loan through the unique Home Credit option letting you decide what interest you want to pay on your loan

Citibank offer you 2 options in Home Credit loans:

Home Credit Vanilla option:This 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:This gives you the option of repaying your home loan faster. Interest saves are adjusted towards reducing youroutstanding loan. This effectively reduces the tenure of your loan helping you close your home loan faster. Eligibility Criteria

• 23 years of age
• Should have work experience of at least 2 years

Once you have completed repayments on your existing loan for more than 12 months, Citibank offers you an additional top-up loan on your existing home loan. The final sanction of the loanis at the discretion of the bank.

Documents required for Citi Home Loan (In case of Salaried)

• Salary slip not older than 60 days
• Bank statements for last 3 months not older than 90 days
• Work experience proof (required for 2 years)
• Photograph X [number]
• Proof of date of birth
• Signature verification proof
• Residence address proof

Documents Required (In case of Self-Employed)

• Business address proof
• Residence address proof
• Income Tax Return (Required for 2 years)
• Computation of income for tax purposes
• Balance Sheet / Profit and Loss Account along with all Schedules (Attested by Chartered Accountant)
• Bank statements for last 3 months
• Business continuity proof for 3 years
• Photograph X [number]
• Proof of date of birth
• Identification proof
• Signature verification proof

Documents Required (In case of Company)

• Memorandum & Articles of Association
• Certificate of Incorporation
• CA certificate for list of directors
• List of shareholders (with shareholding pattern)

Documents Required (In case of Partnership firm)

• Latest partnership deed
• CA certificate for list of partners
• Profit sharing ratio of partners
• Property documents
• Photocopies of title deeds, agreement to sell, encumbrance certificate
• Approved plans
• Clearance certificates from authorities
• Allotment letters (by laws of the co-operative society or Association of apartment owners)

So, if you are looking for Citi bank home loan in Delhi, feel free to get in touch with us. Weensure to make loan processing easy and happy for you.

Citi Bank Home Loan EMI Calculator