Citibank Home Loan Interest Rates 2022

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 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

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 Loan	6.50%
Citibank Home Loan Top Up	6.70%

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%

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 has reduced interest rates on home loans by 0.15% on 25 May, 2021. After the increase in Citibank home loan rates, the latest rates start from 6.50%. The past home loan interest rate trend of Citibank is as below:

Last Revised Date	Lowest Home Loan Interest Rate of Citibank	Rate Difference
25 May, 2021	6.65%	▼-0.15%
08 Apr, 2021	6.65%	▼-0.15%
07 Apr, 2021	6.65%	▼-0.15%
06 Apr, 2021	6.65%	▼-0.15%
01 Apr, 2021	6.75%	▼-0.25%
31 Mar, 2021	6.75%	▼-0.25%

Citibank offers multiple home loan schemes at affordable interest rates. However, you must do comparison between Citibank and other bank’s home loan rates before applying:-

Particulars	Citibank	SBI	HDFC
Interest Rate	6.50% - 6.50%	6.65% - 7.05%	6.70% - 8.20%
Processing Fees	NIL	NIL	Min ₹ 3,000
Loan Tenure	25 Years	30 Years	30 Years
Maximum Loan Amount	₹ 5 Cr	₹ 7 Cr	₹ 5 Cr
Age	23 - 65 Years	18 - 70 Years	24 - 65 Years
Benchmark Rate	TBLR	RLLR	PLR
Lowest EMI Per Lakh	₹ 675 per lakh	₹ 642 per lakh	₹ 645 per lakh

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%.

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

✅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%.