Home Loan Balance Transfer

Home Credit Vanilla option gives you the option of maintaining liquidity. An overdraft line is set on the Home Credit account and interest savings arising out of the Home Credit facility go towards increasing this line, which is always available for withdrawal by you.

Home Credit Fast Track gives you the option of repaying your Home Loan faster. Interest saves are adjusted towards reducing your loan outstanding, which effectively reduce the tenure of your loan and help you close your Home Loan faster.

You can apply for a Citibank Home Loan Takeover via:

• Citibank Online. Click here to apply now
• CitiPhone Priority Service Numbers

  24*7 CitiPhone Numbers (applicable accross India)
  Credit Cards / Citibanking / Suvidha / Loans* / Citi Priority / Business Preferred	1860 210 2484 (Local call charges apply) Use +91 22 4955 2484 for calling us from outside of India.

  *Operational between 9 AM – 7 PM (Monday – Saturday) except on national holidays.

• SMS HOME to 52484
• Citibank branch

You can avail Citibank Home Loan Takeover up to Rs.5 Crore.

Citibank Home Loan Takeover have maximum repayment tenure of up to 20 years. The actual tenure of your Loan is subject to the bank's discretion and underwriting criteria and in line with credit acceptance parameters.

Based on the valuation of your property, you can avail a Loan takeover along with enhancement of up to 80% of your property value.

Yes - you cannot only transfer your existing Loan to Citibank, but also avail an enhancement up to Rs.3 Crore for any of your personal, business or professional needs. You can also use the enhancement funds to close your other Loans with other institutions.

The Application will be processed within 15 working days on a best effort basis, on receipt of all the required documents mentioned at the time of application collection. The document requirements are indicative and Citibank reserves the right to request for further documents, if required. Terms and conditions as mentioned in the Loan agreement will apply.

EMI stands for Equated Monthly Installments. This installment includes both the Principal and Interest Components. Citibank Loans are repaid through EMIs (Equated Monthly Installments) over the period of the Loan. The table below shows indicative EMIs for different periods for a Loan of Rs.1 Lakh and interest rate of 9%. Click here to find out the EMI on your loan.

Citibank offers you a host of repayment options for your loan EMI. You can pay your EMI through: SI (Standing Instruction) on your Citibank account or through NACH (National Automated Clearing House).

Yes, you are allowed to prepay your Loan. You can also choose to make partial prepayments on your Loan. Please refer to the Terms and conditions mentioned in the Loan agreement to know more about prepayments.

• Pan Card
• Aadhaar Card
• Passport (For NRIs, passport & Visa is required). If PIO then PIO card is required
• Proof of residence (OVD documents like Aadhaar, Passport, DL)
• For Self employed or professional proof of business identity is required (GST registration certificate, Udyam certificate, MOA in case of company, Partnership deed in case of Partnership firm)

• Salary slips and Latest Form No.16 for salaried (Last 2 yrs for HL and 3 yrs for LAP)
• Last 3 years income tax returns along with Audited financials and annexures for self-employed or professionals
• Bank statements for last 6 to 12 months

For salaried

1. Statement for a/c wherein salary is credited
2. Main operative a/c if any other than salary a/c

For Self employed or Professionals

1. Main operative a/c of business (Current/CC/OD a/c)
2. Operative a/c of individual borrowers

• Proof of ownership of property (All title chain documents since inception)
• In case of flats, allotment letter of builder/society, Builder Buyer agreement, Registered title deed. (Builder Flat/Society)
• Up to date tax paid receipt.
• Takeover institution Sanction letter and last 6 months EMI repayment track.