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Citibank Home Loan Interest Rates 2022

Citibank Housing Loan Interest Rate -Today

Last Updated 18th Jan 2022

Loan AmountCItibank T-Bill Home Loan RateTBLR Linked Home Credit
Upto ₹ 60 Lakh6.50%6.85%
₹ 60 Lakh - ₹ 75 Lakh6.50%6.85%
₹ 75 Lakh - ₹ 1.50 Cr6.50%6.85%
Above ₹ 1.50 Cr6.50%6.85%
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Citibank Home Loan Rate

Citibank offers home loans to both salaried individuals and self-employed at a minimum rate starting at 6.50% up to 6.50%. Apart from the interest rate, the bank also has various other charges such as Citibank processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

Citibank Home Loan Processing Fee and Other Charges

Citibank home loan processing charges are Nil. The bank is one of the very few banks which gives a zero processing fees home loan, making it a preferred choice for home loan customer. on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees NIL
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on Citibank Home Loans Schemes

Citibank offers a housing loan interest rate at 6.50%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, Citibank home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are Citibank home loan rates for multiple housing schemes.

Citibank Home Loan Scheme Interest Rates
CItibank T-Bill Home Loan6.50%
Citibank Home Loan Top Up6.70%

Citibank Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in Citibank for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 60 Lakh 6.50%
₹ 60 Lakh - ₹ 75 Lakh 6.50%
₹ 75 Lakh - 1.50 Cr 6.50%
Above ₹ 1.50 Cr 6.50%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 60 Lakh 6.50%
₹ 60 Lakh - ₹ 75 Lakh 6.50%
₹ 75 Lakh - 1.50 Cr 6.50%
Above ₹ 1.50 Cr 6.50%

Citibank Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount Citibank Home Loan Rate For Women Citibank Home Loan Rate For Govt Employee
Upto ₹ 60 Lakh 6.50% 6.50%
₹ 60 Lakh - ₹ 75 Lakh 6.50% 6.50%
₹ 75 Lakh - 1.50 Cr 6.50% 6.50%
Above ₹ 1.50 Cr 6.50% 6.50%

Citibank Home Loan Balance Transfer Interest Rates

Citibank home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Citibank at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Citibank offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate Citibank
Maximum Annual Percentage Rate (APR) 6.5% to 6.5%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 25 Years
  • Citibank Home Loan Interest Rate: 6.50% to 6.50%
  • Processing Fee payable to: NIL
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 675 for 25 Years ₹ 1,00,000 loan at 6.50% (lowest rate, longest time period) to ₹ 1,957 for 5 Years ₹ 1,00,000 loan at 6.50% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 6.5% to 6.5%
  • Total cost payable over loan tenure: ₹ 1,17,397 for 5 Years loan to ₹ 2,02,563 for 25 Years loan

FAQs

Has Citibank reduced home loan rates?

As per the current rates, Citibank has cut its home loan rates by 0.15% from 6.65% to 6.50%, which is one of the best rates in the market. The new rates are effective from 25 May, 2021.

Why should I opt for balance transfer to Citibank?

Citibank offers lowest Home Loan EMI of ₹ 675 per lakh availed at the lowest interest rate 6.50% for a maximum tenure of 25 years. If you are paying an EMI more than ₹ 675 per lakh, you should consider the option for a loan transfer to Citibank from your existing bank. Current Citibank balance transfer rate is 6.50%.

Can Citibank housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Citibank to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can Citibank revise the home loan interest rates for their existing customers?

Yes, Citibank offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does Citibank offer a concessional home loan interest rate for women?

Yes, Citibank offers special home loan interest rates for women. As against Citibank home loan rates for male which is 6.50%, the home loan interest rate for women starts at %.

What is the Citibank home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, Citibank provides home loan interest rate starting at 6.50%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

At what interest rate does an Citibank employee get a home loan?

Citibank offers concessional home loan rates of about 1% than the current home loan rates to Citibank employees.

Is Citibank home loan a floating rate loan or fixed-rate loan?

Citibank home loan is offered at both fixed and floating rates. In the case of the fixed-rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the Citibank home loan rate today ?

Citibank home loan rate today is in the range of 6.50% to 6.50%.The bank does not charge any processing fees on the home loan amount.

How much interest does Citibank take on home loans?

The rate of interest on Citibank home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, Citibank home loan current interest rate 2021 are in the range of 6.50% to 6.50%.


Citibank Home Loan Reviews 4.2/5  by 37 customers
MyLoanCare Service
4.4/5.0
Banks Service
4/5.0
Ramneek, Bangalore
Reviewed on 18th May 2021
5 / 5 stars
Citibank Home Loan Availed in Mar 2021

Excellent service by providing the comparison of different banks and leading to right bank as per myRead more...

Praveen, Bangalore
Reviewed on 12th Apr 2021
5 / 5 stars
Citibank Home Loan Availed in Apr 2021

Thanks to Nitin Sagar for his patience and perseverance over 2 years in processing my loan applicatiRead more...

Anurag Agarwal, Mumbai
Reviewed on 11th Dec 2019
2.5 / 5 stars
Citibank Home Loan Availed in Dec 2019

Bank process was very lengthy and they took lot of time for disbursement. Read more...

CHANDRA RAO KORITALA, Hyderabad
Reviewed on 26th Jul 2019
5 / 5 stars
Citibank Home Loan Availed in Jul 2019

Very good services and hassle free for loan speedy processing.Read more...

JWA BHA, Pune
Reviewed on 06th Jun 2019
4 / 5 stars
Citibank Home Loan Availed in Jun 2019

Citibank is not necessarily the best customer friendly bank, disbursement is little tricky, especialRead more...

Nishu Malhotra, Gurgaon
Reviewed on 04th Apr 2019
5 / 5 stars
Citibank Home Loan Availed in Feb 2019

Good service and handling by RM Nisha ensuring loan closure and disbursement. Read more...

Alok Deep, Delhi
Reviewed on 01st Apr 2019
5 / 5 stars
Citibank Home Loan Availed in Mar 2019

Both MyLoanCare and Citibank Personnel followed-up diligently at each stage from loan sanction tillRead more...

Rajendra Agrawal, Thane
Reviewed on 27th Mar 2019
4 / 5 stars
Citibank Home Loan Availed in Mar 2019

Good to avail the support which helped in getting better rate and comfortRead more...

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Citibank Home Loan News - Jan 2022
  • 2021-06-08 : CitiBank revised its Marginal cost of lending rates
    With effect from 07 June 2021, CitiBank revised its MCLR rates. The MCLR for an overnight period is 5.65%, the MCLR for one and three months is 5.65% and 5.80%, respectively. Further, the revised MCLR for six and twelve months is 5.95% and 6.15% respectively.
  • 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.
*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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