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Compare Home Loan - LIC Housing Finance vs Citibank

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Interest Rate
Interest Rate
6.90% - 7.80%
6.65% - 6.65%
Processing Fees
Processing Fees
Min ₹ 10,000; Max ₹ 15,000
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
₹ 659
₹ 685
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 - TBLR Linked Home Credit
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of LIC Housing Finance and Citibank Home Loan

Loan Amount LIC Housing Finance Citibank
₹ 10 Lakh ₹ 6,586 ₹ 6,846
₹ 25 Lakh ₹ 16,465 ₹ 17,115
₹ 30 Lakh ₹ 19,758 ₹ 20,538
₹ 50 Lakh ₹ 32,930 ₹ 34,230

Which is a better bank for Home Loan – Citibank or LIC Housing Finance?

LIC Housing Finance offers lower Home Loan EMI at ₹ 659 on a Home Loan for 30 Years as compared to Citibank with a minimum EMI of ₹ 685 for 25 Years. Average customer ratings for LIC Housing Finance is currently at 3.8/5.0 which makes it a good choice for taking a Home Loan.

How does Citibank Home Loan compare with LIC Housing Finance Home Loan?

It is important to do a detailed comparison of Citibank and Home Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 6.65%, which is lower than the lowest interest rate of LIC Housing Finance at 6.90% and hence, Citibank is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, all banks Citibank, LIC Housing Finance and charge the same amount of processing fees as a Nil.
  • Citibank is a Foreign Bank with its Home Loan rates benchmarked to TBLR. LIC Housing Finance is a HFC with its home loan rates benchmarked to PLR.
  • Citibank has an average customer ratings of 4.2, while LIC Housing Finance has an average customer rating of 3.8, 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 Citibank 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 lower interest rate on Home Loan – Citibank or LIC Housing Finance?

As per the current rates, Citibank offers a lower interest rate of 6.65% on Home Loan when compared to LIC Housing Finance which offers a Home Loan at 6.90%.

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Home Loan News - Jun 2021
  • 2021-06-14 : 76% increase in Home Loans in the March quarter
    Home loans sanctioned by banks and NBFCs grew 76% to Rs 79,043 crore in the quarter ended March 2021. Steps like reduction in stamp duties by the government immensely increased the demand for Home Loans.
  • 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
    To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-09 : Growth of upto 18% expected by IIFL Home Finance on loans
    IIFL Home Finance expects a growth on its loan book which includes Home loans and Loan against property of upto 18%.
  • 2021-06-09 : IIFL Home Finance signs MOU with Central bank of India
    IIFL Home Finance signed a MOU with Central bank of India for co-lending. The Central bank will be providing 80% of the loan amount of IIFL.
*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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