1,30,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Property Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Citibank Loan Against Property EMI Calculator

Citibank Mortgage Loan EMI 2021

Last Updated 05th Jul 2021

Get monthly EMI as low as ₹ 916 per lakh on Citibank loan against property. Mortgage loan EMI in Citibank depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.

  • Use Citibank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check Citibank property loan EMI for different tenures at the current rate of 7.30%
Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 10 Lakh₹ 19,943₹ 15,240₹ 9,157
₹ 25 Lakh₹ 49,858₹ 38,099₹ 22,892
₹ 40 Lakh₹ 79,772₹ 60,959₹ 36,627
Apply for Loan Against Property @ 7.20%* Get upto ₹ 1,000* Cashback
Best Offers on Loan Against Property offerOffers
Bank/NBFCs Rate* EMI per Lakh* Action

* Starting From

Loan Against Property EMI Calculator Citibank

You can calculate your Citibank loan against property EMI in advance to plan your expenses using a Citibank mortgage loan calculator. Citibank loan against property EMI calculator is an online tool that gives accurate results without hassle.

Why should you use Citibank Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With Citibank LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on Citibank loan against property to calculate the EMI. As per the current rates, Citibank offers the lowest EMI per lakh of ₹ 916 at 7.30 %
  • Compare Citibank LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using Citibank loan EMI Calculator. On the basis of Citibank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : Citibank Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use Citibank EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

Citibank Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

To calculate the EMI against Citibank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Citibank Loan against property EMI calculator. The table below shows the Citibank EMI calculation at the various combinations of loan amount and years at the lowest rate of 7.30%.

Citibank Loan against property EMI is calculated for different loan amounts and tenures at 7.30% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 17,649 ₹ 13,735 ₹ 11,901
EMI on ₹ 25,00,000 ₹ 29,415 ₹ 22,892 ₹ 19,835
EMI on ₹ 40,00,000 ₹ 47,064 ₹ 36,627 ₹ 31,736
EMI on ₹ 60,00,000 ₹ 70,596 ₹ 54,941 ₹ 47,604

Factors Affecting Citibank Property Loan EMI

You can calculate Citibank EMI for your loan against property using an online LAP EMI Calculator, which considers factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI on loan against property. You can avail of Citibank loan against property for an amount ranging between ₹ 35,00,000 to ₹ 5,00,00,000.

Interest Rate

A higher interest rate increases your Citibank loan against property EMI, increasing the total cost of the loan. As per the current rates, Citibank provides loan against property at rates starting at 7.30%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Citibank loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 15 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of Citibank Loan Against Property EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
Citibank 7.30% ₹ 9,157 ₹ 27,471 ₹ 45,784
SBI 8.05% ₹ 9,585 ₹ 28,756 ₹ 47,927
DBS Bank 8.15% ₹ 12,212 ₹ 36,636 ₹ 61,061
DCB Bank 8.25% ₹ 9,701 ₹ 29,104 ₹ 48,507
IDBI Bank 8.25% ₹ 9,701 ₹ 29,104 ₹ 48,507
Axis Bank 8.50% ₹ 9,847 ₹ 29,542 ₹ 49,237
HDFC Bank 8.50% ₹ 9,847 ₹ 29,542 ₹ 49,237
LIC Housing Finance 8.50% ₹ 9,847 ₹ 29,542 ₹ 49,237
ICICI Bank 8.60% ₹ 9,906 ₹ 29,718 ₹ 49,530
IndusInd Bank 8.65% ₹ 9,936 ₹ 29,807 ₹ 49,678
HDFC 8.75% ₹ 9,994 ₹ 29,983 ₹ 49,972

Citibank Loan Against Property Amortization Calculator

The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.

Illustration: How to read an amortization schedule

Suppose you borrow a Loan Against Property of ₹ 20 Lakh from Citibank for 10 years at an interest rate of 7.30%, the EMI calculated for this loan amount would be ₹ 23,532 and the total annual EMIs to be paid annually is ₹ 2,82,385. The Citibank Loan Against Property EMI schedule for 10 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 20 Lakh over the 10 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 71,954 ₹ 69,238 ₹ 1,41,193 ₹ 19,30,762
2022 ₹ 1,36,116 ₹ 1,46,269 ₹ 2,82,385 ₹ 17,84,493
2023 ₹ 1,25,074 ₹ 1,57,312 ₹ 2,82,385 ₹ 16,27,181
2024 ₹ 1,13,198 ₹ 1,69,187 ₹ 2,82,385 ₹ 14,57,994
2025 ₹ 1,00,425 ₹ 1,81,960 ₹ 2,82,385 ₹ 12,76,034
2026 ₹ 86,689 ₹ 1,95,696 ₹ 2,82,385 ₹ 10,80,337
2027 ₹ 71,915 ₹ 2,10,470 ₹ 2,82,385 ₹ 8,69,867
2028 ₹ 56,026 ₹ 2,26,359 ₹ 2,82,385 ₹ 6,43,508
2029 ₹ 38,938 ₹ 2,43,448 ₹ 2,82,385 ₹ 4,00,061
2030 ₹ 20,559 ₹ 2,61,826 ₹ 2,82,385 ₹ 1,38,235
2031 ₹ 2,958 ₹ 1,38,235 ₹ 1,41,193 ₹ 0

Each Citibank Loan Against Property EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

As you assess the amortization table, you will find that by the end of 1st year 49.95% of your EMI has been used to repay the principal amount. This means that the remaining 50.05% of the EMI went into interest payment. Thus, you end up paying only 7.05% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to Citibank.

In year 10, the interest component of Citibank EMI is around 3.84%, while the principal component is around 96.16%. Upto 10 years, you have cumulatively repaid 100% of your total Citibank Loan Against Property.

Citibank Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on Citibank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 7.30%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 7.30% 5 Years ₹ 19,943
₹ 10,00,000 7.30% 10 Years ₹ 11,766
₹ 10,00,000 7.30% 12 Years ₹ 10,444
₹ 10,00,000 7.30% 15 Years ₹ 9,157

Citibank Loan Against Property EMI for ₹ 25 Lakh

The following table shows Citibank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 7.30%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 7.30% 5 Years ₹ 49,858
₹ 25,00,000 7.30% 10 Years ₹ 29,415
₹ 25,00,000 7.30% 12 Years ₹ 26,111
₹ 25,00,000 7.30% 15 Years ₹ 22,892

Citibank Mortgage Loan EMI for ₹ 30 Lakh

The following table shows Citibank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 7.30%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 7.30% 5 Years ₹ 59,829
₹ 30,00,000 7.30% 10 Years ₹ 35,298
₹ 30,00,000 7.30% 12 Years ₹ 31,333
₹ 30,00,000 7.30% 15 Years ₹ 27,471

FAQs

Will the Citibank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

Citibank Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in Citibank LAP EMI are listed as follows:

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by Citibank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, Citibank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case, the interest rates increase to the extent that the revised loan tenure is more than the maximum permissible by Citibank, the bank may increase your EMI amount.

Will Citibank Loan Against Property EMI change in case of prepayment?

Similar to all loans, Citibank Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that Citibank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate Citibank Loan Against Property EMI?

Citibank Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • Citibank mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

How much loan can I get against my property from Citibank?

You can avail of a maximum loan of ₹ 5,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 70% of the property value. Citibank assesses the property before approving your mortgage loan application.

How to pay your Citibank Mortgage loan EMI Online?

You can pay the Citibank mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the Citibank branch to submit the cheque of your EMI.

What is the EMI for ₹ 10 Lakh mortgage loan in Citibank?

To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 7.30% 5 years ₹ 19,943
₹ 10 Lakh 7.30% 10 years ₹ 11,766
₹ 10 Lakh 7.30% 12 years ₹ 10,444
₹ 10 Lakh 7.30% 15 years ₹ 9,157

How is Citibank loan against property EMI calculated?

You can calculate Citibank LAP EMI using the mathematical formula mentioned below or using an online Citibank LAP EMI Calculator.

  • E = [P x R x (1+R)^N]/[(1+R)^N-1] where
  • ‘E’ means Equated monthly instalments
  • ‘P’ means the principal amount
  • ‘N’ is the number of monthly instalments
  • ‘R’ is the interest rate per month.

What is the EMI for ₹ 20 Lakh Loan against property in Citibank?

To determine different Loan against property EMI Citibank for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 7.30% 5 years ₹ 39,886
₹ 20 Lakh 7.30% 10 years ₹ 23,532
₹ 20 Lakh 7.30% 12 years ₹ 20,889
₹ 20 Lakh 7.30% 15 years ₹ 18,314

What is the EMI for ₹ 30 Lakh mortgage loan in Citibank?

To determine different Citibank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 7.30% 5 years ₹ 59,829
₹ 30 Lakh 7.30% 10 years ₹ 35,298
₹ 30 Lakh 7.30% 12 years ₹ 31,333
₹ 30 Lakh 7.30% 15 years ₹ 27,471

What is the EMI for ₹ 50 Lakh mortgage loan in Citibank?

To estimate Citibank EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 7.30% 5 years ₹ 99,715
₹ 50 Lakh 7.30% 10 years ₹ 58,830
₹ 50 Lakh 7.30% 12 years ₹ 52,222
₹ 50 Lakh 7.30% 15 years ₹ 45,784


Citibank Loan Against Property Reviews 4.4/5  by 23 customers
MyLoanCare Service
4.4/5.0
Banks Service
4.3/5.0
Jitender kumar, Ghaziabad
Reviewed on 23rd May 2018
4 / 5 stars
Citibank Loan Against Property Availed in May 2018

GOOD EXPERIENCE AND COORDINATION FROM TEAM IN WHOLE PROCESSRead more...

Bhavin Patel, Mumbai
Reviewed on 13th Feb 2018
5 / 5 stars
Citibank Loan Against Property Availed in Jan 2018

Need to process the loan fast and otherwise had a good experience. Read more...

Ketan Dedhia, Mumbai
Reviewed on 12th Feb 2018
5 / 5 stars
Citibank Loan Against Property Availed in Feb 2018

Pre and post sale service was pathetic. Would never recommend anybody. It took 4 months to complete Read more...

Vineet Chadha, Delhi
Reviewed on 12th Feb 2018
5 / 5 stars
Citibank Loan Against Property Availed in Dec 2017

I had nice and seamless experience in getting the loan clearance.Read more...

Rajesh Mittal, Delhi
Reviewed on 24th Jan 2018
5 / 5 stars
Citibank Loan Against Property Availed in Jan 2018

Services are good. But need followup some time. Got suopprt from team at every step.Read more...

Sweer Malik, Delhi
Reviewed on 26th Nov 2017
5 / 5 stars
Citibank Loan Against Property Availed in Nov 2017

My experience with myloancare.in has been great. It offers a great service without hassle free approRead more...

Samip Narnaware, Pune
Reviewed on 05th Jul 2017
5 / 5 stars
Citibank Loan Against Property Availed in Jun-17

Good service as per customer requirements. Hard working people, take care and provide all updates reRead more...

Jayant Bhat, Noida
Reviewed on 01st Jun 2015
3.5 / 5 stars
Citibank Loan Against Property Availed in May-17

Availed a loan against my residential flat for business purpose. I must appreciate the bank for its Read more...

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.30%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Citibank Loan Against Property News - Jul 2021
  • 2021-07-05 : Change in LAP interest rates for Citibank
    Citibank revised its interest rates on Loan Against Property. With effect from July 01, 2021, the ROI is 7.20%-7.90%. The bank has also changed the processing fee to nil, i.e no processing fee will be charged on LAP.
  • 2021-06-08 : CitiBank revised its Marginal cost of lending rates
    With effect from 07 June 2021, CitiBank revised its MCLR rates. The MCLR for an overnight period is 5.65%, the MCLR for one and three months is 5.65% and 5.80%, respectively. Further, the revised MCLR for six and twelve months is 5.95% and 6.15% respectively.
  • 2019-07-09 : Citibank lowers MCLR rates by 10 basis points
    Citibank has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points. The move is supposed to make customer loans like home loans and mortgage loans cheaper. For six-months and one-year tenure, the rate has been revised to 8.65% and 8.60% from the earlier rate of 8.75% and 8.70% respectively while for one-month and three-months the rate has been revised to 8.55% and 8.65% respectively which is also down by 10 bsp. The revised rates are effective from July 7, 2019.
  • 2019-04-11 : Aditya Birla Health Insurance Partners with Citibank
    One of the leading health insurance providers, Aditya Birla Health Insurance company has announced its partnership with Citibank. Through this partnership, the bank aims to provide best-in-class products related to health to its customers. Besides this, Citibank also has plans to achieve a strong growth across its retail loans segment including personal loans, home loans and mortgage loans.
  • 2019-04-09 : Citibank revises MCLR rates by 10 basis points
    Citibank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) by 25 basis points across all tenors for the month of April. The move is supposed to make home loans, auto loans and mortgage loans cheaper. Now for 1 year, the MCLR stands at 8.85% as compared to 8.75% earlier. For overnight, 3 months, 6 months and 1 year the rate is 8.75%, 8.80%, 8.90%, 9.70% respectively. The base rate stands at 8.60%. The revised rates are effective from April 7, 2019.
*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
Loader
Please wait while your information is being processed...