Citibank Home Loan Interest Rates

Citibank Home Loan Interest Rates

Citibank offers home loans with attractive features, benefits, and competitive pricing to match your housing finance needs. With flexible tenure of up to 25 years, funding up to 80% of the property value, and Citi home loan rates starting from 8.45% to 8.95%, Citibank makes homeownership more affordable and convenient.

Top Home Loan Schemes of Citibank

1. Citibank Home Loan

Citibank offers flexible home loans with up to 80% of the property value financed. With a competitive Citi Home Loan Interest Rates starting at 8% p.a. and repayment tenure of up to 25 years, borrowers can plan their EMIs with ease. During the construction period, you have the option to pay only the interest, making it lighter on your pocket. Personalized repayment plans are also available to suit your specific needs.

2. Home Loan Takeover with Enhancement

Looking to lower your EMI burden? Citibank’s Home Loan Takeover with Enhancement lets you transfer your existing high-cost home loan to Citibank and benefit from lower Citi Bank Home Loan Interest Rates. You can also top up your loan with extra funds, helping you manage additional expenses while saving more in the long run.

3. Top-up Loans

Citibank’s top-up loans give you the flexibility to borrow up to ₹5 crore for personal or professional needs without disturbing your existing home loan. A unique feature allows you to reclaim the principal you’ve already repaid. With attractive Citibank Home Loan Rates, these top-up loans are a convenient solution to meet extra financial requirements.

Highlights of Citibank home loan interest rates

Note: Interest rate ranges are indicative and subject to change. Please refer to the latest updates or consult with Citibank for precise information.

Important Update for New Customers

As of May 1, 2025, Citibank’s consumer business has transitioned to Axis Bank. New customers are encouraged to explore home loan options through Axis Bank, benefiting from features such as:

• Loan Amount: Up to Rs 5 crore
• Loan Tenure: Up to 30 years
• Floating Interest Rate: 8.75% – 9.15%
• Fixed Interest Rate: 14%
• Processing Fee: Up to 1% of the loan amount + GST (minimum Rs 10,000)

This transition ensures that existing Citibank customers can continue to avail themselves of new products and services seamlessly. For those seeking new loans and who aren’t existing Citibank customers, Axis Bank stands ready to fulfil your homeownership dreams with an array of benefits.

Different Types of Home Loans Offered by Citibank – Detailed Overview

Embark on your homeownership journey with Citibank’s diverse home loan options. Tailored to suit various needs, our home loans come with competitive interest rates, extensive features, and a host of benefits.

Citi Home Loan

Citibank presents meticulously designed home loans that come with a multitude of features, numerous advantages, and competitive interest rates, all customized to address a wide range of home finance requirements. Elevating the experience further, the Citibank Home Loan Interest Rates option offers additional benefits, including interest savings for withdrawal or expeditious repayment of the home loan. These financing options are applicable for both under-construction properties and those ready for immediate purchase.

• Applicant Type: Available for both salaried and self-employed applicants.
• Eligibility: Indian citizenship, a good credit score, and a stable income stream are essential.
  • Age: Minimum 21 years (income not considered), 23 years (income considered), and Maximum 65 years at loan maturity.
  • CIBIL Score: A good credit score is required.
  • Employment Type: Salaried applicants need a minimum of 2 years of work experience, while self-employed applicants need a minimum of 3 years of business continuity.
• Loan Tenure: Flexible tenure options.
• Loan Amount: Up to INR 10 crores.
• Interest Rate: Starting as low as 8.45% p.a.
• Processing Fees: The processing fee can be up to 1% of the loan amount.

Citi Loan Against Property

Citi Loan Against Property is a secured loan that allows borrowers to use their residential or commercial property as collateral to avail funds for various purposes, such as business expansion, education, or personal expenses.

• Applicant Type: Individuals, salaried employees, non-salaried individuals, and self-employed professionals can apply for a Citi Loan Against Property.
• Eligibility:
  • Age: Minimum 21 years, maximum 65 years
  • CIBIL Score: 700 or above
  • Employment Type: Salaried or self-employed
• Loan Tenure: Up to 15 years
• Loan Amount: Up to 70% of the property’s appraised value, maximum Rs. 5 crores
• Interest Rate: Starting at 8.65% p.a.
• Processing Fees: Up to 2% of the loan amount

Citibank Property Loan Takeover

Citi Home Loan Takeover is a balance transfer option that allows existing home loan borrowers to switch their loans to Citibank and potentially enjoy lower interest rates, flexible repayment options, and top-up loans.

• Applicant Type: Existing home loan borrowers with a good credit history and repayment track record can apply for the Citi Home Loan Takeover.
• Eligibility:
  • Age: Minimum 21 years, maximum 75 years
  • CIBIL Score: 700 or above
  • Employment Type: Salaried or self-employed
• Loan Amount: Up to Rs. 5 crores
• Loan Tenure: Up to 20 years
• Interest Rate: Starting at 6.95% p.a.
• Processing Fees: Up to 2% of the loan amount

Citi Top-Up Home Loan

Citi Home Loan Top-Up is a financing option that allows existing Citibank home loan borrowers to borrow additional funds against their existing home loan balance. These funds can be used for various purposes, such as home renovations, education expenses, or debt consolidation.

• Applicant Type: Existing Citibank home loan borrowers with a good repayment track record and at least six months of consistent EMI payments can apply for Citibank Home Loan Rates Top-Up.
• Eligibility:
  • Age: Minimum 21 years, maximum 65 years
  • CIBIL Score: 700 or above
  • Employment Type: Salaried or self-employed
• Loan Tenure: Up to 15 years
• Loan Amount: Up to 100% of the outstanding home loan balance
• Interest Rate: Starting at 8.95% p.a.
• Processing Fees: Up to 2% of the loan amount

Citibank Home Loan Interest Rates for Women and Benefits

Empowering women on their homeownership journey, Citibank offers special interest rates. Women applicants can benefit from a 0.25% interest rate concession, starting at an attractive 7.75%*. This initiative is designed to make homeownership more accessible for women.

Benefits of Citibank Home Loan Rates for Women

• Lower interest rates
• Flexible repayment options
• Quick loan processing
• Minimal documentation

Interest Rate Table for Women

Citibank Home Loan Interest Rates for Senior Citizens, Benefits, and Eligibility

Citibank extends a helping hand to senior citizens by offering attractive home loan interest rates with a special concession of 0.25%. This concession translates to interest rates starting at 7.75% p.a., making homeownership more accessible for senior citizens.

Benefits of Citibank Home Loan for Senior Citizens

• Lower interest rates
• Flexible repayment options
• Quick loan processing
• Minimal documentation

Eligibility

• Age between 60 and 75 years
• Retired with regular pension income
• Good credit history

Interest Rate Table for Senior Citizens

Citibank Home Loan Interest Rates for Self-Employed Applicants

Entrepreneurs and self-employed individuals can embark on their homeownership journey with Citibank. The home loan interest rates for self-employed applicants provide a competitive starting point, ensuring flexibility and financial support.

Interest Rate Table for Self-Employed

Citibank Home Loan Interest Rates for Salaried

Citibank caters to the salaried segment with a range of home loan options that provide stability and predictability. Salaried individuals can benefit from fixed interest rates and structured repayment plans to manage their finances effectively.

Interest Rate Table for Salaried

Citibank Home Loan Interest Rates for NRI

Citibank recognizes the aspirations of Non-Resident Indians (NRIs) to own property in their homeland. NRI home loans are designed to meet the specific requirements of NRIs, offering competitive interest rates, flexible repayment options, and a streamlined application process.

Features and Benefits of a Citibank Home Loan

Citibank Home Loans come with a host of features and benefits, making homeownership more accessible and convenient. Explore the key elements that set Citibank apart in the home loan landscape.

Special Features of Citibank Home Loans

• Attractive Interest Rates: Citibank offers competitive and attractive interest rates, ensuring affordability for aspiring homeowners.
• Loan Amount Flexibility: Avail an easy home loan with a generous upper limit of Rs. 10 crore, catering to diverse property needs.
• Flexible Repayment Tenure: Enjoy the freedom of choosing a repayment tenure that suits your financial preferences, with options extending up to 25 years.
• High Loan-to-Value Ratio: Citibank Home Loans cover up to 80% of the property value, providing substantial financial support for your homeownership journey.
• Interest-Only Payments During Construction: Experience financial flexibility with the option to pay only the interest during the construction period, lightening the initial financial burden.

Benefits of Citibank Home Loans

• Transparent Interest Rates: Citibank Home Loan Interest Rates are linked to TBLR, ensuring transparency and aligning with external benchmarks.
• Daily Reducing Balance Interest Calculation: Interest is calculated on a daily reducing balance, optimizing the cost of your home loan over time.
• No Co-Borrowers/Guarantors Required: Enjoy the simplicity of the application process as Citibank does not require co-borrowers or guarantors for security.
• Flexible Repayment Tenure: Tailor your repayment schedule with flexible tenure options of up to 25 years, accommodating your financial plans.
• Interest Savings with Home Credit Account: Save on loan interest by utilizing the linked home credit account to park excess balances, optimizing your financial portfolio.
• Option for Interest-Only Payments: During the under-construction period, you have the option to pay only the interest, providing financial ease.
• Citi phone Telephonic Service: Have your queries addressed promptly through Citibank’s telephonic service platform, Citiphone, ensuring constant support.
• 24×7 Online Access: Enjoy the convenience of managing your home loan online with 24×7 access to your Home Loan account.

How to Apply for a Citibank Home Loan?

Applying for a Citibank Home Loan is a straightforward process. Follow these steps to turn your dream of homeownership into reality.

Application Process

• Check Eligibility: Verify your eligibility based on criteria such as Indian citizenship, stable income, and a good credit score.
• Documentation: Prepare the required documents, including proof of identity, address, income, and property details.
• Online Application: Visit the official Citibank website and navigate to the home loan section. Fill in the online application form with accurate details.
• Application Submission: Submit the completed application form along with the necessary documents either online or at a Citibank branch.
• Verification Process: Citibank will initiate the verification process, which includes assessing your eligibility, reviewing the submitted documents, and conducting property valuation.
• Approval and Disbursement

• Loan Approval: Upon successful verification, your home loan application will be approved, and you will receive a formal loan offer.
• Disbursement: After accepting the loan offer, the funds will be disbursed as per the agreed terms and conditions.
• Repayment Commencement: Begin the repayment of your home loan as per the agreed schedule, and enjoy the benefits of homeownership.

Eligibility for Citibank Home Loans

To apply for a Citibank home loan and benefit from a competitive Citi Bank Home Loan Interest Rate, you need to meet the following criteria:

• Residency: Must be a Resident Indian
• Profession: Both salaried and self-employed individuals are eligible
• Age: Minimum 21 years and maximum 65 years at loan maturity
• Work Experience:
  • At least 2 years for salaried employees
  • At least 3 years for self-employed individuals

Documents required for Citibank home loans

Ensure a smooth application process by gathering the necessary documents before applying for a Citibank Home Loan:

Citibank Home Loan Interest Rates Comparison with Other Banks | 2025

Citibank Home Loan Interest Rates EMI Calculator – How to Calculate Citibank Home Loan EMI

To calculate your Citibank home loan EMI, use the following formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

• P = Loan amount
• R = Interest rate per month
• N = Loan tenure in months

Example:

Assume you have taken a home loan from Citibank for Rs. 50 lakh at an annual interest rate of 8.45% for a tenure of 20 years.

Calculate the monthly interest rate (R):

Monthly Interest Rate = Annual Interest Rate / 12

R = 8.45% / 12 =0.0070417

Calculate the loan tenure in months (N):

Loan Tenure in Months (N)= Loan Tenure in Years × 12

N=20 years×12=240 months

Plug the values into the EMI formula:

EMI =  [50,00,000 × 0.00704 × (1+0.00704)^240] / [(1+0.00704)^240-1]

Calculate the EMI using a calculator or spreadsheet:

EMI = 189563.9542/4.385

EMI = 43230.0921

So, the Equated Monthly Installment (EMI) for your Citibank home loan of ₹50 lakhs, with an annual interest rate of 8.45% and a tenure of 20 years, would be approximately ₹43,230. This amount is payable every month for the entire loan tenure until the loan is fully repaid. At the end of the loan tenure, the total interest amount paid will be approximately ₹5,375,920, and the total amount repaid will be ₹1,03,75,920.

Factors that affect the Citibank Home Loan Interest Rates

Several factors influence the interest rate you receive on your Citibank Home Loan. These factors include-

• Credit score: Your credit score is a crucial determinant of your interest rate. A higher credit score indicates a lower risk of default, making you eligible for lower interest rates.
• Loan amount: The loan amount you borrow also plays a role in determining your interest rate. Larger loan amounts typically come with higher interest rates.
• Loan tenure: The longer the loan tenure, the higher the overall interest paid. This is because you’re paying interest for a more extended period.
• Applicant type: Citibank offers different interest rates for salaried, self-employed, and NRI applicants. Salaried individuals generally receive the most favorable rates, followed by self-employed individuals and NRIs.
• Property type: The type of property you’re financing can also affect your interest rate. Residential properties typically have lower interest rates compared to commercial properties.
• Market Conditions: The prevailing economic conditions and market interest rates play a role in determining home loan rates.

Tips to Avail Citibank Home Loan at a Lower Interest Rate

To increase your chances of securing a Citibank Home Loan Interest Rates, follow these tips:

• Maintain a strong credit history: Regularly check your credit report and address any discrepancies or errors. Aim for a credit score of 750 or above to qualify for the best rates.
• Consider a shorter loan tenure: Opting for a shorter loan tenure may result in higher monthly payments, but can significantly reduce the overall interest paid.
• Make a larger down payment: Increasing your down payment reduces the loan amount, potentially lowering your interest rate.
• Compare interest rates from different lenders: Shop around and compare interest rates offered by various lenders to find the most competitive deal.
• Enhance Employment Stability: A stable job and income history can contribute to securing a lower interest rate.
• Negotiate with Citibank: Don’t hesitate to negotiate with Citibank representatives to secure a better interest rate based on your creditworthiness and financial situation.

In conclusion, securing a Citibank Home Loan is a strategic financial decision influenced by factors such as credit score, loan amount, tenure, income stability, and prevailing market conditions. By understanding these elements and implementing smart financial practices, borrowers can optimize their chances of obtaining a lower interest rate and realizing their dream of homeownership. It’s crucial to regularly monitor and enhance your credit score, negotiate a reasonable loan amount, choose a suitable tenure, and compare offers to secure the most competitive interest rates.

For a seamless home loan application process, visit NoBroker Home Loan Services. Start your journey towards owning a home with Citibank, and let NoBroker assist you in navigating the complexities of the home loan application process. Your dream home is just a step away; apply now and make homeownership a reality.

How NoBroker Helps You

Applying for a home loan can be overwhelming with so many banks, rates, and eligibility rules to consider. That’s where NoBroker makes things simple. With NoBroker, you can compare Citibank Home Loan interest rates along with offers from multiple banks—all in one place.

You’ll get access to:

• Instant rate comparison to find the best deal that fits your budget 
• Expert loan advisors who guide you through eligibility, documentation, and approval 
• Zero brokerage fees, ensuring complete transparency 
• End-to-end support from loan selection to disbursal

Whether you’re applying for a new home loan, a balance transfer, or a top-up loan, NoBroker helps you save time, reduce effort, and secure the most affordable financing for your dream home.

 Conclusion

Citibank Home Loans offer a blend of flexibility, transparency, and attractive interest rates—making them a great option for both first-time buyers and experienced homeowners. With multiple schemes, special benefits for women and senior citizens, and customized solutions for salaried and self-employed individuals, Citibank ensures a smooth path to homeownership.

To make your loan journey even easier, NoBroker simplifies the process by comparing rates, handling documentation, and ensuring you get the best deal without any hidden charges. So, if you’re planning to buy a home or refinance your existing loan, start your journey today with Citibank Home Loans through NoBroker—your trusted partner in turning homeownership dreams into reality.