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Compare Bank of Maharashtra vs Citibank Home Loan

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Interest Rate
Interest Rate
6.35% - 7.80%
6.50% - 6.50%
Processing Fees
Processing Fees
Upto 0.25%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
25 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 622
₹ 675
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
Minimum Age
Minimum Age
21 Years
23 Years
Maximum Age
Maximum Age
65 Years
65 Years
For Women
For Women
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Home Loan EMI of Bank of Maharashtra and Citibank

Loan Amount Bank of Maharashtra Citibank
₹ 10 Lakh ₹ 6,222 ₹ 6,752
₹ 25 Lakh ₹ 15,556 ₹ 16,880
₹ 30 Lakh ₹ 18,667 ₹ 20,256
₹ 50 Lakh ₹ 31,112 ₹ 33,760

Which is a better bank for Home Loan – Bank of Maharashtra or Citibank?

Bank of Maharashtra offers lower Home Loan EMI at ₹ 622 on a Home Loan for 30 Years as compared to Citibank with a minimum EMI of ₹ 675 for 25 Years. Average customer ratings for Bank of Maharashtra is currently at 2.5/5.0 which makes it a good choice for taking a Home Loan.

How does Bank of Maharashtra Home Loan compare with Citibank Home Loan?

It is important to do a detailed comparison of Bank of Maharashtra and Citibank on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Bank of Maharashtra Home Loan is 6.35%, which is lower than the lowest interest rate of Citibank at 6.50% and hence, Bank of Maharashtra is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Citibank charges a lower processing fees of Nil vs Bank of Maharashtra with a processing fees of 0.25% of loan amount.
  • Citibank is a with its Home Loan rates benchmarked to TBLR. Bank of Maharashtra is a with its home loan rates benchmarked to RLLR.
  • Citibank has an average customer ratings of 4.2, while Bank of Maharashtra has an average customer rating of 2.5, based on which it is clear that Citibank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • Bank of Maharashtra offers special discounted rate Home Loan schemes for women, while Citibank currently doesn’t have such schemes for women. Hence, women borrowers should consider Bank of Maharashtra.

Which bank offers a lower interest rate on Home Loan – Bank of Maharashtra or Citibank?

As per the current rates, Bank of Maharashtra offers a lower interest rate of 6.35% on Home Loan when compared to Citibank which offers a Home Loan at 6.50%.

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Home Loan News - May 2022
  • 2022-05-24 : Home Buyers Welcome the Decision to Extend the PMAY Scheme
    The Central Government has extended the PMAY Scheme-Urban till September 2022 in Maharashtra.
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
  • 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
    The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.
  • 2022-05-03 : HDFC Profit Rises by 16% for Q4 of FY 2022
    Housing Development Finance Corporation has reported a 16% year-on-year rise in its standalone net profit for the March quarter to Rs 3,700 crore on the back of strong growth in loans and net interest income (NII).
  • 2022-05-02 : HDFC Increase Interest Rates on Home Loans
    The lender has hiked the lending rates by 5 basis points for existing customers. The adjustable-rate home loans for new customers with a credit score of above 750, however, will continue to be 6.70 percent.
*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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