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Citibank Home Loan EMI Calculator

Citibank Home Loan Calculator

Last Updated 08th Jun 2021

  • Citibank home loan EMI per ₹ 1 Lakh is ₹ 685, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in Citibank is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for Citibank home loan before applying. Use an online Citibank loan EMI calculator to estimate your EMI.
  • Check Citibank home loan EMI for different tenures at the current Citibank home loan interest rate of 6.65%
  • Loan Amount10 Year Loan15 Year loan25 Year loan
    ₹ 10 Lakh₹ 11,431₹ 8,794₹ 6,846
    ₹ 20 Lakh₹ 22,863₹ 17,587₹ 13,692
    ₹ 30 Lakh₹ 34,294₹ 26,381₹ 20,538
    ₹ 50 Lakh₹ 57,156₹ 43,969₹ 34,231

    Jump to EMI Calculator

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Citibank Home Loan EMI Calculator Online

Citibank Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure and interest rate. You can calculate your Citibank housing loan EMI in advance to plan your loan payments and expenses using a Citibank home loan calculator. Citibank home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why should you use Citibank Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: Citibank offers the lowest EMI per lakh at ₹ 685. To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for Citibank home loan.
  • Compare Citibank Home Loan EMI: With Citibank home loan EMI Calculator, you can also estimate EMI on your home loan from Citibank with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

Citibank Home Loan EMI Calculator to estimate the EMI that fits your budget

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on Citibank Home Loan EMI calculator. The below-mentioned table shows the calculation of Citibank Home Loan at the various combinations of loan amount and years at the lowest rate of 6.65%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right Citibank Home loan plan for you.

Citibank home loan EMI is calculated for different loan amounts and tenures at 6.65% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 21,984 ₹ 18,861 ₹ 16,049
₹ 50 Lakh ₹ 43,969 ₹ 37,722 ₹ 32,098
₹ 75 Lakh ₹ 65,953 ₹ 56,582 ₹ 48,147
₹ 1 Cr ₹ 87,937 ₹ 75,443 ₹ 64,196

Benefits of using Citibank Home Loan EMI Calculator

Citibank Home Loan Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate and tenure. Thus, using Citibank Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare Citibank Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting Citibank Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI Citibank gives a minimum home loan of ₹ 35,00,000 upto a maximum amount of ₹ 5,00,00,000.

Interest Rate

Higher interest rate increases your Citibank housing loan EMI which will increase the total cost of the loan. Citibank current home loan interest rate starts at 6.65%. Do a complete market research and compare rates and calculate EMI online using Citibank home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in Citibank. Your EMI will be lower if you take a 25 years loan from Citibank as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

Citibank Home Loan EMI Calculator Formula

Citibank Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how Citibank Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. Citibank home loan amount can range from ₹ 35,00,000 to ₹ 5,00,00,000
  • r = Rate of interest per month. Current Citibank housing loan rate 6.65%.
  • n = tenure in month. For Citibank, maximum home loan tenure is 360 months

Comparison of Citibank Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
Citibank 6.65 ₹ 6,420 ₹ 19,259 ₹ 32,098
Kotak Bank 6.65 ₹ 7,544 ₹ 22,633 ₹ 37,722

Citibank Home Loan Amortization Calculator

Citibank Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. Citibank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 25 Lakh for 25 years from Citibank at an interest rate of 6.65%. EMI calculated for this loan amount is ₹ 17,115 and the total annual EMIs to be paid annually is ₹ 2,05,383. The EMI schedule of loan for 25 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 25 Lakh over the 25 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 96,596 ₹ 23,211 ₹ 1,19,807 ₹ 24,76,789
2022 ₹ 1,63,444 ₹ 41,939 ₹ 2,05,383 ₹ 24,34,850
2023 ₹ 1,60,568 ₹ 44,815 ₹ 2,05,383 ₹ 23,90,035
2024 ₹ 1,57,495 ₹ 47,888 ₹ 2,05,383 ₹ 23,42,147
2025 ₹ 1,54,212 ₹ 51,171 ₹ 2,05,383 ₹ 22,90,976
2026 ₹ 1,50,703 ₹ 54,680 ₹ 2,05,383 ₹ 22,36,296
2027 ₹ 1,46,954 ₹ 58,429 ₹ 2,05,383 ₹ 21,77,867
2028 ₹ 1,42,948 ₹ 62,435 ₹ 2,05,383 ₹ 21,15,432
2029 ₹ 1,38,667 ₹ 66,716 ₹ 2,05,383 ₹ 20,48,716
2030 ₹ 1,34,093 ₹ 71,290 ₹ 2,05,383 ₹ 19,77,426
2031 ₹ 1,29,205 ₹ 76,178 ₹ 2,05,383 ₹ 19,01,248
2032 ₹ 1,23,982 ₹ 81,401 ₹ 2,05,383 ₹ 18,19,847
2033 ₹ 1,18,400 ₹ 86,983 ₹ 2,05,383 ₹ 17,32,864
2034 ₹ 1,12,436 ₹ 92,947 ₹ 2,05,383 ₹ 16,39,917
2035 ₹ 1,06,064 ₹ 99,319 ₹ 2,05,383 ₹ 15,40,598
2036 ₹ 99,254 ₹ 1,06,129 ₹ 2,05,383 ₹ 14,34,469
2037 ₹ 91,977 ₹ 1,13,406 ₹ 2,05,383 ₹ 13,21,063
2038 ₹ 84,201 ₹ 1,21,182 ₹ 2,05,383 ₹ 11,99,881
2039 ₹ 75,893 ₹ 1,29,490 ₹ 2,05,383 ₹ 10,70,391
2040 ₹ 67,014 ₹ 1,38,369 ₹ 2,05,383 ₹ 9,32,022
2041 ₹ 57,527 ₹ 1,47,856 ₹ 2,05,383 ₹ 7,84,166
2042 ₹ 47,389 ₹ 1,57,994 ₹ 2,05,383 ₹ 6,26,172
2043 ₹ 36,556 ₹ 1,68,827 ₹ 2,05,383 ₹ 4,57,345
2044 ₹ 24,981 ₹ 1,80,402 ₹ 2,05,383 ₹ 2,76,943
2045 ₹ 12,612 ₹ 1,92,771 ₹ 2,05,383 ₹ 84,172
2046 ₹ 1,405 ₹ 84,172 ₹ 85,576 ₹ 0

In the above illustration, on a Citibank Home Loan of₹ 25 Lakh, taken at the lowest interest rate of 6.65, EMI paid is ₹ 17,115 and an annual total of EMIs is ₹ 2,05,383, the interest component is ₹ 1,65,035 while the principal component is ₹ 40,348 in year 1 of loan disbursement. You repay only 1.61% of the total principal after paying 12 EMIs during the first year.

Citibank Home Loan EMI for ₹ 10 Lakh

The following table shows Citibank Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 6.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.65% 5 Years ₹ 19,636
₹ 10,00,000 6.65% 10 Years ₹ 11,431
₹ 10,00,000 6.65% 15 Years ₹ 8,794
₹ 10,00,000 6.65% 20 Years ₹ 7,544
₹ 10,00,000 6.65% 25 Years ₹ 6,846

Citibank Home Loan EMI for ₹ 20 Lakh

The following table shows Citibank Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 6.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.65% 5 Years ₹ 39,273
₹ 20,00,000 6.65% 10 Years ₹ 22,863
₹ 20,00,000 6.65% 15 Years ₹ 17,587
₹ 20,00,000 6.65% 20 Years ₹ 15,089
₹ 20,00,000 6.65% 25 Years ₹ 13,692

Citibank Home Loan EMI for ₹ 30 Lakh

The following table shows Citibank Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 6.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.65% 5 Years ₹ 58,909
₹ 30,00,000 6.65% 10 Years ₹ 34,294
₹ 30,00,000 6.65% 15 Years ₹ 26,381
₹ 30,00,000 6.65% 20 Years ₹ 22,633
₹ 30,00,000 6.65% 25 Years ₹ 20,538

Citibank Home Loan EMI for ₹ 50 Lakh

The following table shows Citibank Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 6.65%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.65% 5 Years ₹ 98,182
₹ 50,00,000 6.65% 10 Years ₹ 57,156
₹ 50,00,000 6.65% 15 Years ₹ 43,969
₹ 50,00,000 6.65% 20 Years ₹ 37,722
₹ 50,00,000 6.65% 25 Years ₹ 34,230

Other Loan Calculators Offered by MyLoanCare

FAQs

Will the Citibank home loan EMI remain constant or change in future?

No, your Citibank Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the Citibank Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in Citibank interest rate?

Citibank offers floating rate home loans only. If you take a floating rate loan from Citibank, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your Citibank home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will Citibank home loan EMI change in case of prepayment?

Citibank allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your Citibank home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the Citibank home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using Citibank home loan calculator.

Why should I calculate Citibank loan EMI before taking a loan?

It is advised to calculate Citibank home loan EMI before taking a home loan. There are several benefits of calculating your Citibank housing loan EMI which can be done using Citibank loan calculator Citibank housing loan EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make Citibank EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator Citibank.

What is the EMI for home loan in Citibank?

The Citibank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using Citibank home loan calculator. Based on the lowest rate of 6.65% and maximum tenure of 25 years, the Citibank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 6,846
₹ 12 Lakh ₹ 8,215
₹ 15 Lakh ₹ 10,269
₹ 30 Lakh ₹ 20,538
₹ 50 Lakh ₹ 34,230

You can compare Citibank home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a Citibank Housing Loan EMI calculator?

Online Citibank housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The Citibank home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your Citibank Home loan EMI Online?

To pay the EMI of Citibank home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is Citibank home loan EMI calculated?

The Citibank Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

What is the EMI for ₹ 10 Lakh home loan in Citibank?

You can use a 10 lakh home loan emi calculator Citibank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 6.65% 10 years loan ₹ 11,431
₹ 10 Lakh 6.65% 15 years loan ₹ 8,794
₹ 10 Lakh 6.65% 20 years loan ₹ 7,544

What is the EMI for ₹ 20 Lakh home loan in Citibank?

You can use a 20 lakh home loan emi calculator Citibank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 6.65% 10 years loan ₹ 22,863
₹ 20 Lakh 6.65% 15 years loan ₹ 17,587
₹ 20 Lakh 6.65% 20 years loan ₹ 15,089

What is the EMI for ₹ 30 Lakh home loan in Citibank?

You can use a 30 lakh home loan emi calculator Citibank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 6.65% 10 years loan ₹ 34,294
₹ 30 Lakh 6.65% 15 years loan ₹ 26,381
₹ 30 Lakh 6.65% 20 years loan ₹ 22,633

What is the EMI for ₹ 50 Lakh home loan in Citibank?

You can use a 50 lakh home loan emi calculator Citibank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 6.65% 10 years loan ₹ 57,156
₹ 50 Lakh 6.65% 15 years loan ₹ 43,969
₹ 50 Lakh 6.65% 20 years loan ₹ 37,722

What is the EMI for a 25 lakhs home loan in Citibank and how is it calculated?

EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator Citibank:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 6.65% 10 years loan ₹ 28,578
₹ 25 Lakh 6.65% 15 years loan ₹ 21,984
₹ 25 Lakh 6.65% 20 years loan ₹ 18,861

What is the EMI for 12 lakhs home loan in Citibank?

A borrower will pay ₹ 12,118 if he/she takes a loan for 12 years at an interest rate of 6.65%. The 12 lakh home loan emi Citibank may vary across Citibank home loan interest rate.

Compare Home Loan EMI of All Banks


Citibank Home Loan Reviews 4.2/5  by 37 customers
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4.4/5.0
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4/5.0
Javed jeelani, Pune
Reviewed on 11th Mar 2019
4.5 / 5 stars
Citibank Home Loan Availed in Mar 2019

Excellent bank offers with very good support from MyLoanCare team.Read more...

Sanjeev Jain, Delhi
Reviewed on 29th Sep 2018
5 / 5 stars
Citibank Home Loan Availed in Sep 2018

Good experience and availed loan from Citibank at competitive ratesRead more...

Tarun Mathur, Mumbai
Reviewed on 03rd Jul 2018
5 / 5 stars
Citibank Home Loan Availed in Jul 2018

Good team at my loan. Suchitra was quick and helpful.Read more...

Deepak Sahi, Delhi
Reviewed on 18th Oct 2017
3 / 5 stars
Citibank Home Loan Availed in Oct-17

Average experience of availing home loan. Need to improve on customer queries.Read more...

Amardeep Tanwar, Delhi
Reviewed on 14th Sep 2017
4.5 / 5 stars
Citibank Home Loan Availed in Sep-17

Nishant provided good assistance in procuring my loan.Read more...

Aman Chanda, Delhi
Reviewed on 06th Nov 2016
4.5 / 5 stars
Citibank Home Loan Availed in Apr-17

Good conversation with MLC...guided me well to a suitable product and the Citi team efficiently compRead more...

Rajeev Mahajan, Bangalore
Reviewed on 16th Nov 2015
5 / 5 stars
Citibank Home Loan Availed in Nov-17

Had a wonderful and pleasant experience with MyLoanCare. Starting from the day I applied on their siRead more...

Sandeep Nair,
Reviewed on 04th Sep 2015
5 / 5 stars
Citibank Home Loan Availed in Sep-17

Excellent service, which was beyond my initial expectations, very cooperative staff.Read more...

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Citibank Home Loan News - Jun 2021
  • 2021-04-06 : Citi Bank cut its home loan rates to 6.65%
    With effect from 6 April, Citi Bank revised its home loan rates. The new home loan rate starts from 6.65%.
  • 2020-07-09 : Citi Bank revised its home loan rates
    Citi Bank revised its home loan rates. The new home loan rate starts at 7.5%.
  • 2020-06-01 : Citi Bank revised its home loan rates
    Citi bank revised its home loan rates. The revised home loan rate is 7.75%. New home loan rates will be effective from June 1 2020.
  • 2020-01-10 : Citi Bank revised home loan interest rate
    Citi Bank cut its home loan interest rate to 8.20% which was earlier set 8.50%. The revised Home credit loan stands at 8.30% and Home loan top-up rate is 8.45%. The revised rates are in effect from 10 January 2020.
  • 2019-07-09 : Citibank lowers MCLR rates by 10 basis points
    Citibank has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points. The move is supposed to make customer loans like home loans and mortgage loans cheaper. For six-months and one-year tenure, the rate has been revised to 8.65% and 8.60% from the earlier rate of 8.75% and 8.70% respectively while for one-month and three-months the rate has been revised to 8.55% and 8.65% respectively which is also down by 10 bsp. The revised rates are effective from July 7, 2019.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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