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Compare Federal Bank vs Citibank Home Loan

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Interest Rate
Interest Rate
7.65% - 7.75%
6.50% - 6.50%
Processing Fees
Processing Fees
Upto 0.50%
Min ₹ 3,000; Max ₹ 7,500
Maximum Loan Amount
Maximum Loan Amount
₹ 15 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
25 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 710
₹ 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
Y - Home Saver
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Home Loan EMI of Federal Bank and Citibank

Loan Amount Federal Bank Citibank
₹ 10 Lakh ₹ 7,095 ₹ 6,752
₹ 25 Lakh ₹ 17,738 ₹ 16,880
₹ 30 Lakh ₹ 21,285 ₹ 20,256
₹ 50 Lakh ₹ 35,476 ₹ 33,760

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

Citibank offers lower Home Loan EMI at ₹ 675 on a Home Loan for 25 Years as compared to Federal Bank with a minimum EMI of ₹ 710 for 30 Years. Average customer ratings for Citibank is currently at 4.2/5.0 which makes it a good choice for taking a Home Loan.

How does Citibank Home Loan compare with Federal Bank Home Loan?

It is important to do a detailed comparison of Citibank and Federal Bank 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 Citibank Home Loan is 6.50%, which is lower than the lowest interest rate of Federal Bank at 7.65% and hence, Citibank 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 Federal Bank with a processing fees of 0.50% of loan amount.
  • Citibank is a with its Home Loan rates benchmarked to TBLR. Federal Bank is a with its home loan rates benchmarked to RLLR.
  • Citibank has an average customer ratings of 4.2, while Federal Bank has an average customer rating of 3.5, based on which it is clear that Citibank has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • One unique feature of Federal Bank is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

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

As per the current rates, Citibank offers a lower interest rate of 6.50% on Home Loan when compared to Federal Bank which offers a Home Loan at 7.65%.

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Home Loan News - Jan 2022
  • 2022-01-24 : Axis Bank Net Profit Jumps 224 Percent to Rs 3,614 crore.
    Axis Bank has reported a 224 per cent year-on-year rise in its net profit at Rs 3,614 crore for the quarter ended December, which was sharply above analysts expectations of Rs 3,046 crore. The bank also witnessed a 17 per cent on-year growth in net interest income to Rs 8,653 crore for the December quarter.
  • 2022-01-24 : HDFC Capital Raises Fund for Affordable Housing
    HDFC Capital, a wholly-owned subsidiary of HDFC Ltd, has raised funds of about Rs 13,989 crore on affordable housing, the HDFC Capital Affordable Real Estate Fund – 3 (H-CARE-3).
  • 2022-01-21 : Properties to Get Costlier in Gurgaon as New Circle Rates Come into Effect
    The circle rates have been hiked for Golf Course Road, Golf Course Extension Road, Sohna Road, and Dwarka Expressway projects. As a result, homebuyers will have to shell out more money to purchase property, particularly in some upscale areas.
  • 2022-01-21 : PNB Housing Finance Announces Net profit for Q3
    PNB Housing Finance Limited (PNBHFL) has reported a 19 per cent decline in net profit for the quarter ended December 31, 2021, at ₹188 crores compared to ₹232 crores recorded in the same quarter in the previous fiscal.
  • 2022-01-20 : PFC and REC Reduce Lending rates
    The State-run PFC and REC have reduced their lending rates across all types of loans by 40 basis points (bps). The move will help power utilities raise loans at cheaper rates. Also, the power sector non-banking financial companies (NBFC) have already been offering short term loans at a 6.25 per cent interest rate.
*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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