Citibank under the aegis of Citigroup Inc. was founded in 1812 and is today's pre-eminent financial services company. It provides home loans to customers across all sections catering to the Resident and Non-Resident Indians, both Salaried and Self-employed. In response to the realty boom sweeping India, Citibank has a bouquet of offerings including loans for the following:

• Ready Property
• Under Construction property
• Self-Construction
• Plot plus Self Construction

Moreover, Citibank also offers plans like Cash Back Home Loan, Loan against property and Home Loan transfer enhancement. Citibank offers loans under the brand name of Shelters only to Resident Indians. You can save on interest with Home Credit facility that involves simple documentation and speedy processing. You can use the loan like an Over draft. Features

• Attractive Interest Rates
• Loan up to Rs. 5 Crore
• Flexible repayment tenure up to 25 years
• Loans up to 80% of the property value
• Flexibility to pay interest only during construction period

Home Loans available for

• Purchase of under construction properties
• Purchase of Ready Property
• Self Construction
• Purchase of Plot and Self construction thereon
• Transfer of your existing Loan availed from other institutions

Eligibility criteria for salaried individuals:

• Gross annual income of Rs 1, 00,000 or above.
• 23 years of age and above, with maximum age of 58 years or retirement age, whichever is earlier at the time of loan maturity.
• At least 2 years of work experience.

Eligibility for Self-employed individuals:

• Gross annual income of Rs 1, 00,000 or above.
• 23 years of age and above with maximum age of 58 years or retirement age, whichever is earlier at the time of loan maturity.
• 3 years of continuous operation.

Rate of Interest:

Citibank offers competitive interest rates that are calculated at daily reducing balance. Get a loan from Rs 2.10 Lakh to Rs. 2 Crore for up to 15 years.

Citibank Rate of Interest
Tenure	Fixed	Floating
15 years	9.75%	9.00%

Loan Amount:

• Home Loans are in the range of Rs 2.1 Lacs to Rs 5 Crores.
• Self-construction loans go up to Rs 2 Crores. Top-up loan up to Rs 1 Crore is available.
• You can choose tenure up to 25 years. The loan can be repaid either through Post Dated Cheques (PDCs), Standing Instruction (SI) facility from your Citibank banking account or through Electronic Clearing System (ECS) from your non Citibank banking account.

Loan Repayment:

Citibank Home Loans are repaid through EMIs (Equated Monthly Installments) over the period of the loan. The EMI is calculated at the prevailing Variable Interest Rate.

Processing fees:

Up to 1% of the loan amount is collected towards processing of the loan application and is collected upfront, irrespective of whether the loan has been sanctioned. This is non-refundable under all circumstances.