LOAN AGAINST PROPERTY

Home Credit Vanilla option

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 option

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 Property Power Loan 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

Citibank Loan Against Property are available from Rs5 Lakh to Rs5 Crore against Residential properties.

Citibank Loans against Property have maximum repayment tenure of up to 15 years. The actual tenure of your loan is subject to the application meeting Citibank credit acceptance parameters.

The property against which the Loan Against Property is sought can be based out of any of the following approved Citibank locations - Ahmedabad, Bangalore, Chennai, Delhi / NCR, Hyderabad, Jaipur, Kolkata, Mumbai, Pune, Coimbatore, and Chandigarh.

Based on the valuation of your property and the loan amount sought, you can avail a Citibank Loan Against Property of up to 70% of your property value. The actual loan to value ratio of your loan is subject to Citibank credit acceptance parameters.

You should be at least 21 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 to avail a Loan Against Property from Citibank.

Yes, a top-up loan can be availed on your existing Citibank Loan Against Property. Once you have completed repayments on your existing loan for more than 6 months, we can offer you an additional top-up loan on your existing loan. The final sanction of such loan is at the discretion of Citibank.

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 against Property 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 Rs1 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 against property. You can also choose to make partial prepayments on your Loan Against Property. Please refer to the Terms and conditions mentioned in the loan agreement to know more about the applicable charges on loan against property 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.