Citi Bank

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 9.25 % to 10.50 % p.a.

Eligibility Criteria

  • Minimum 23 years of age and maximum 65 years
  • Loan period from 1 years to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 1%  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Citi Bank

Citi Bank is growing tremendously as strongest financial institution of india. It operaters on array of extensive features that helps meet the financial needs. Citi bank is the consumer division of financial services multinational citigroup. The Citi bank has a total of 2,649 branches in 19 countries, including 723 branches in the united states and 1,494 branches in Mexico. Citi Bank operates on array of extensive features that helps  meet the financial needs.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate Of Interest:

Sno.

Loan Type

Rate Of Interest

1

Loan Against Property

9.25% to 10.50%

 

Existing Loan take over or New Loan

Some points for choosing Citi bank as a loan against property:

  • Offers home loans to suit all budgets
  • Convenient repayment options
  • Exclusive products for self-employed
  • Over 577 branches across India
  • Fast track approval process

Features of Loan

Features and benefits of Citi bank Loan Against Property:

  • Best offer for Salaried and Self Employed
  • Compare and get lowest interest rates.
  • Get up to 75% of current market value of property as loan
  • Apply loan against property online on residential or commercial property
  • Maximum loan tenure up to 15 years, overdraft available

Documents required for Citi bank  Loan against Property

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.