Citibank Home Loan EMI Calculator

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Citibank Home Loan EMI Calculator

Last Updated 18th Oct 16

Citibank Home Loan - Lowest EMI is Rs. 860 per lakh

  • Get monthly EMI as low as Rs. 860 per lakh with Citibank now offering home loans with loan tenure upto 25 years.
  • Lowest home loan interest rate currently offered by Citibank is 9.3%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 1,032 for a 15 year loan and Rs. 919 for a 20 year loan. Check the EMI for other tenures using the Citibank home loan EMI calculator on this page.

Home Loan EMI Calculator Citibank

Citibank Home Loan EMI Calculator

Citibank Home Loan EMI

  • Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to Citibank against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With Citibank offering Home Loans with loan tenure upto 30 years, the loan EMI can be as low as Rs. 860 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by Citibank on Home Loan is 9.3%. You can check EMI for other tenures using our Citibank Home Loan EMI calculator.
  • Loan Tenure
    Loan Amount (Rs.) 15 years20 years30 years
    2,500,000 25,80522,97820,658
    5,000,000 51,61045,95541,315
    7,500,000 77,41468,93361,973
    10,000,000 103,21991,91182,630
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

Citibank Home Loan EMI calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Citibank Home Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 500,000 to Rs. 100,000,000
r = Rate of interest per month. Current rate is 9.3%, which is linked to 2 Month MCLR, last revised on 07th Oct 16
n = tenure in month. For Citibank, this can be 360 months

Will the Citibank home loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

  • Typically, the home loan EMI remains unchanged unless the customer requests for a change and the same is approved by Citibank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI)
  • In case the floating rate of interest on your home loan increases, Citibank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by Citibank, the bank may increase your EMI amount.
  • For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement.

Will home loan EMI change in case of prepayment?

  • Citibank allows prepayment at nil charges or penalty in case of floating rate home loans.
  • When you make a prepayment, the outstanding principal amount on your home loan reduces. In this case, you may choose to either keep the EMI the same and reduce the loan tenure (that is pay off the loan faster) or reduce the EMI and keep the loan tenure the same (that is pay lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
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Citibank Home Loan EMI Calculator News - Oct 2016
19th Aug 16 Citi Bank India focuses on instant loans to grow retail book
Citibank India is working on instant disbursal of loans to cross-sell at a fast pace and expand its retail book. Citibank has launched instant personal loans, instant mortgage loan and instant credit cards for existing customers in the previous six to eight months. Citibank have been increasingly looking at online disbursal of loans and have been moving the entire process online. An online mortgage loan is available for pre-approved properties only. The initial response to Citibank online initiatives has been promising.
12th Jul 16 Citibank India PAT falls 5.5% to Rs 3,233 crore for Q1FY16
Citi Bank India, reported a decline of 5.5percent in its Net Profit to Rs 3,233 crore for Q1FY16, as compared to previous year. The bank Net Interest Income increased by 10 percent year on year. As on March 31, 2016, its total assets stood at Rs 1,54,117 crore with a fairly high asset quality at a Net NPA ratio of 0.5 percent.