CITI HOME LOANS

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 now buy any property and turn it into your dream home by using a Citi home loan. Check the options below to apply for one.

1. Visit Citibank Online:
   
   1. Click our application site to apply now
   2. Enter your name, contact details and city of residence
2. Call us:
   

   24*7 CitiPhone Numbers (applicable across India)**
   Mortgage Loans	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.

3. Text us:
   
   1. SMS HOME to 52484

You can avail a loan amount of up to Rs. 10 crores to purchase your desired house or to renovate an existing one.

Citi home loans have a maximum repayment tenure of up to 25 years. However, the actual tenure of your loan is subject to the bank's discretion, based on your age and repayment ability.

Based on the valuation of your property, you can avail a home loan of up to 80% of your property value. This may be subject to other considerations like income, loan amount etc.

The minimum eligibility to avail a home loan from Citi is that you should be at least 23 years of age, and have work experience of at least two years if you are a salaried professional

if you are a self-employed professional, you should be at least 23 years of age and have a continuous work experience of at least 3 years and 2 years of cash profit in your business, excluding carry forward losses

The final sanction of home loan is at the discretion of Citi.

Yes, based on your income and capacity to repay, Citi can give you an in-principle approval for a home loan to purchase a premium property. You may use the approved loan amount to identify the property that you want to buy. However, the property should meet Citi credit parameters to be eligible for a final sanction. Validity for a pre-approved home loan will be 90 days.

Yes. You may avail of a top-up loan but only after you have completed six months of repayments on your existing Citi Home Loan. The final sanction of such loan, however, is at the discretion of Citi.

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.

EMIs are monthly installments that you pay to resolve your loan amount. Each installment includes both the Principal and Interest Components. Citi Home Loans are repaid through EMIs (Equated Monthly Installments) over the period of the loan. Click here to find out the EMI on your loan.

Citi offers you a choice of repayment options for your loan EMI:

• Standing Instruction (SI) on your existing Citi account
• Through NACH (National Automated Clearing House).

Yes, you may prepay your loan if you wish. You can also choose to make partial prepayments on your home loan. Please refer to the terms and conditions mentioned in the loan agreement to know more about the applicable charges on prepayments and loan foreclosure.

A home loan is the amount that a bank or a non-banking financial institute (NBFC) provides you to purchase an apartment or any premium residential property. The borrowed amount (principal), plus interest, is to be paid back within a fixed tenure. The residential property/ home which is purchased is used as collateral for the loan. The final sanction of a home loan is at the discretion of Citi

Citi home loans are available with minimal documentation. You will need basic documents as proof of identity, address and income. The list is as below:

Proof of Identity, Signature, Address & date of Birth (for individuals)

** By submitting a copy of Proof of Possession of Aadhaar Number, containing Aadhaar number, the client confirms and agrees that the Bank has duly explained that submission of Proof of Possession of Aadhaar number is no longer mandatory, and they have the option to submit any one of the documents as per the list of Officially Valid Documents (updated by the RBI from time to time) towards submission of KYC/proof of address documents. If they provide such Proof of Possession of Aadhaar number containing their Aadhaar number, please note that they are providing the same as an officially valid document voluntarily in accordance with extant rules and regulations;

They are required to redact/ blacken out the first eight digits of Aadhaar number such that only last four digits of the Aadhaar number are visible; and in case you do not redact/ blacken out the first eight digits of Aadhaar number, it shall be deemed that they have authorized Citibank to redact/blacken out the same on their behalf.

No. Citi currently does not provide Pradhan Mantri Awas Yojana on home loans.

No. Currently, there are no options available for affordable housing loans.

Property papers: for the processing of the loan, copies will be required. Original property papers are required to submitted to the Bank prior to the loan disbursal.

For Builder Under construction properties:

• Copy of the Allotment letter
• Copy of Builder buyer agreement
• Copy of Possession letter
• Copy of payment plan
• Copy of Receipts of payments made to the developer
• Copy of Agreement of sale with the seller if it is a resale property

For Resale property:

• Copy of Title deed including previous chain of the property
• Copy of the approved sanction plan
• Copy of agreement to sell

Other documents:

• Passport-size photograph to be pasted on the application form

The home loan eligibility and terms are affected by the factors below:

• Your credit score and repayment history
• Your income/revenue per annum
• Other loan repayment property
• The value of your property