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Citibank Loan Against Property EMI Calculator

Citibank Mortgage Loan EMI

Last Updated 06th Apr 2021

Get monthly EMI as low as ₹ 910 per lakh on Citibank loan against property. Mortgage loan EMI in Citibank depends upon type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate.

Loan Amount5 Year Loan7 Year loan15 Year loan
₹ 20 Lakh₹ 39,791₹ 30,381₹ 18,201
₹ 30 Lakh₹ 59,687₹ 45,572₹ 27,301
₹ 50 Lakh₹ 99,478₹ 75,953₹ 45,502
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    Loan Against Property EMI Calculator Citibank

    Use the above quick and easy tool to easily calculate and compare monthly EMI on Citibank Loan Against Property.

    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 ₹ 15 Lakh from Citibank for 15 years at an interest rate of 7.20%, the EMI calculated for this loan amount would be ₹ 13,651 and the total annual EMIs to be paid annually is ₹ 1,63,808. The Citibank Loan Against Property EMI schedule for 15 years is explained below in the table –

    Amortization Schedule for a Loan Against Property of ₹ 15 Lakh over the 15 years

    Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
    2021 ₹ 79,981 ₹ 42,875 ₹ 1,22,856 ₹ 14,57,125
    2022 ₹ 1,02,930 ₹ 60,878 ₹ 1,63,808 ₹ 13,96,247
    2023 ₹ 98,399 ₹ 65,409 ₹ 1,63,808 ₹ 13,30,837
    2024 ₹ 93,531 ₹ 70,277 ₹ 1,63,808 ₹ 12,60,560
    2025 ₹ 88,301 ₹ 75,508 ₹ 1,63,808 ₹ 11,85,053
    2026 ₹ 82,681 ₹ 81,127 ₹ 1,63,808 ₹ 11,03,926
    2027 ₹ 76,643 ₹ 87,165 ₹ 1,63,808 ₹ 10,16,761
    2028 ₹ 70,156 ₹ 93,652 ₹ 1,63,808 ₹ 9,23,108
    2029 ₹ 63,186 ₹ 1,00,622 ₹ 1,63,808 ₹ 8,22,486
    2030 ₹ 55,698 ₹ 1,08,111 ₹ 1,63,808 ₹ 7,14,376
    2031 ₹ 47,652 ₹ 1,16,157 ₹ 1,63,808 ₹ 5,98,219
    2032 ₹ 39,007 ₹ 1,24,802 ₹ 1,63,808 ₹ 4,73,417
    2033 ₹ 29,718 ₹ 1,34,090 ₹ 1,63,808 ₹ 3,39,327
    2034 ₹ 19,739 ₹ 1,44,070 ₹ 1,63,808 ₹ 1,95,257
    2035 ₹ 9,017 ₹ 1,54,792 ₹ 1,63,808 ₹ 40,466
    2036 ₹ 487 ₹ 40,466 ₹ 40,952 ₹ 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 35.22% of your EMI has been used to repay the principal amount. This means that the remaining 64.78% of the EMI went into interest payment. Thus, you end up paying only 3.85% of the loan amount of ₹ 15 Lakh after paying 12 EMIs in the first year to Citibank.

    In year 15, the interest component of Citibank EMI is around 3.79%, while the principal component is around 96.21%. Upto 15 years, you have cumulatively repaid 100% of your total Citibank Loan Against Property.

    How to process for Loan Against Property EMI moratorium in Citibank?

    After the announcement of RBI on 22nd May 2020, Citibank has extended the loan moratorium for the term loans and interest of working capital loans to next three months till August 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing Citibank. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Loan Against Property EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact Citibank customer care or its nearest branch.


    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 SBI 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 Loan Against Property EMI change in case of prepayment?

    Similar to all loans, 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 Loan Against Property EMI calculator, calculate Loan Against Property EMI?

    Loan against property 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 Cr, 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.

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


    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...

    Citibank Loan Against Property News - Apr 2021
    • 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.
    • 2019-03-28 : Citibank sanctions mortgage loan of worth Rs. 1,100 crore to Fortis Healthcare
      Citibank has sanctioned mortgage loan of up to RS. 1,100 crore to Fortis Healthcare. For this purpose, the company has also signed an agreement with the lender in order to take care of its contractual commitments and strategic objectives.
    • 2018-11-14 : Citibank maintains MCLR for November
      Citibank has maintained its MCLR for the month of November. The rates continue to be in the range of 7.85% to 8.45%. Six-month MCLR is at 8.30% and that of one year is 8.45%. The rates are effective from November 7, 2018.
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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