Citibank Home Loan Interest Rates 2021

Today Citibank home loan interest rates are in the range of 6.65% to 6.65%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 6.65%.

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

Citibank Home Loan Scheme	Interest Rates
CItibank T-Bill Home Loan	6.65%
Citibank Home Loan Top Up	6.70%

The home loan interest rates in Citibank for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount	Rate
Upto ₹ 50 Lakh	6.65%
₹ 50 Lakh - ₹ 75 Lakh	6.65%
₹ 75 Lakh - 1.50 Cr	6.65%
Above ₹ 1.50 Cr	6.65%

Home Loan Interest Rate for Self-Employed

Loan Amount	Rate
Upto ₹ 50 Lakh	6.65%
₹ 50 Lakh - ₹ 75 Lakh	6.65%
₹ 75 Lakh - 1.50 Cr	6.65%
Above ₹ 1.50 Cr	6.65%

Citibank has reduced interest rates on home loan by 0.1% on 01 Apr, 2021. After the cut in Citibank home loan rates, the latest rates start from 6.65%. The past home loan interest rate trend of Citibank is as below:

Last Revised Date	Lowest Home Loan Interest Rate of Citibank	Rate Difference
01 Apr, 2021	6.75%	▼-0.1%
31 Mar, 2021	6.75%	▼-0.1%
12 Nov, 2020	6.75%	▼-0.1%
30 Sep, 2020	7.05%	▼-0.4%
20 Aug, 2020	7.20%	▼-0.55%

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	6.65% - 6.65%	6.70% - 7.05%	6.75% - 8.20%
Processing Fees	NIL	Upto 0.40% Min ₹ 10,000	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	₹ 685 per lakh	₹ 645 per lakh	₹ 649 per lakh

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
Foreclosure Charges	Nil for floating rate home loans

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 lowest home loan balance transfer rate of 6.65%.

Maximum Annual Percentage Rate (APR)

6.65% to 6.65%

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: 6.65% to 6.65% Processing Fee payable to: NIL Fee payable to MyLoanCare: NIL Total Monthly Cost – From ₹ 685 for 25 Years ₹ 1,00,000 loan at 6.65% (lowest rate, longest time period) to ₹ 1,964 for 5 Years ₹ 1,00,000 loan at 6.65% (highest rate, shortest time period). This is inclusive of principal repayment. Annual Percentage Rate (APR) of charge including all applicable fees: 6.65% to 6.65% Total cost payable over loan tenure: ₹ 1,17,819 for 5 Years loan to ₹ 2,05,383 for 25 Years loan

✅What is Citibank Home Loan Interest Rate?

Citibank Home Loan interest rate ranges between 6.65% to 6.65%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

✅Has Citibank reduced home loan rates?

As per the current rates, Citibank has cut its home loan rates by 0.1% from 6.75% to 6.65%, which is one of the best rates in the market. The new rates are effective from 01 Apr, 2021.

✅Why should I opt for balance transfer to Citibank?

Citibank offers lowest Home Loan EMI of ₹ 685 per lakh availed at the lowest interest rate 6.65% for a maximum tenure of 25 years. you are paying an EMI more than ₹ 685 per lakh, you should consider the option for a loan transfer to Citibank from your existing bank.

✅What is the current Citibank Home Loan rate?

The current Citibank Home Loan rate starts from 6.65% with a processing fee of NIL.Citibank housing loan rate varies across the applicant’s eligibility and the scheme they opt for. Citibank offers different home loan rates for different home loan products.

✅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.

✅What are the interest rates of home improvement loans in Citibank?

You can avail of Citibank home loans for home improvement at regular home loan rates starting at 6.65%.

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

Citibank home loan rates change for the existing customers if they have availed 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 6.65%, the home loan interest rate for women starts at %.

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

Citibank home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, Citibank provides home loan interest rate starting at 6.65%.

✅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 rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.