Citibank

Overview

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Citibank offers home loans at competitive interest rates for already built and under constructions apartments and flats. In the case of under construction homes, the applicant has the option to only pay interest during the construction period. Interest rate on Citibank home loans is calculated on a daily reducing balance basis. The bank offers these home loans at extremely competitive interest rates for under construction as well as already built apartments and flats. The interest rate of Citibank home loan varies between 10 and 10.35 percent. The tenure of the loan is 25 years. The Guarantor requirement, partial pre-payment charges as well as pre-closure charges are NIL. The processing fee is up-to Rs. 5000.

NRI Loan

Buying a new home is a big decision. It is important to be fully armed with information, as it can be a daunting task. Citibank brings you Home Loan solutions that guide you through the process of taking an NRI Home Loan from application to disbursement of the entire amount.

 

Benefits and Features

Features Purchasing a ready to occupy apartment or house Purchasing an under-construction apartment or house by an approved developer Get loan against a property already owned by you Benefits Home Loans of up to Rs.5 crores Loans up to 80% of your property value Attractive interest rates The Equated Monthly Instalments (EMIs) will be serviced out of your Citibank Rupee Checking Account
 

Eligibility

For United Kingdom Residents

You are eligible for a Citibank Home Loan, if you fulfill the following criterion:

Salaried individual with at least 2 years of work experience of which at least 12 months as an NRI, plus a minimum salary of GBP 50,000 per annum You must also have a close blood relative residing in India, who will be a co-applicant to your loan For Middle East Residents

You are eligible for a Citibank Home Loan, if you fulfill the following criteria:

Salaried individual with at least 2 years of work experience of which at least 12 months as an NRI, plus a minimum salary of AED 100,000/ BHD 10,000 per annum You must also have a close blood relative residing in India, who will be a co-applicant to your loan For Asia Pacific Residents

You are eligible for a Citibank Home Loan, if you fulfill the following criteria:

Salaried individual with at least 2 years of work experience of which at least 12 months as an NRI, plus a minimum salary of SGD 100,000 per annum You must also have a close blood relative residing in India, who will be a co-applicant to your loan

 

Documents Required

Citibank Home Loans are available to NRIs/PIOs based in the United Kingdom, Dubai, Sharjah, Abu Dhabi, Bahrain, Hong Kong and Singapore. Please give us your contact details so that our Relationship Manager can get in touch with you.


Income Documents (For salaried applicants whose income is being considered):


Latest Salary Slip for 1 complete month Last two year's B4/P60/Work contract Last 3 month's bank statement reflecting salary credit

Personal Identification Documents (For all applicants on the loan):


Passport size photograph Copy of Passport with Visa page

Secondary Identification Documents: Driving License/PAN Card.


Property Documents: Latest Sale Deed with previous chain link Allotment Letter, Payment Plan and Receipts for under construction properties

Any other documents as might be required depending on the nature of the property.

 

Disclaimer: Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated. Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates

Personal Loan

City Bank has brought an unmatched personal loan program which allows you to avail up to Rs. 25 lakhs* in just 48 hours^. The Personal Loan that is fast, easy & affordable. Limited period offer*. Pay in 24 EMIs at just 13% p.a. with no processing fee & pre-payment charges.

 

Loan Features

Loan Amount Up to 25 Lacs
Interest Rate 14.25% to 19% Booking fee is charged up to 2.5%
Tenure 12 to 60 Months
Pre-Payment Charges No pre-payment is allowed for six months post booking; Pre-closure charges are levied at the rate of 3% on total principal outstanding.
Service Charges Upto 2.5% of the loan amount sanctioned. The fee is deducted from the loan amount at the time of disbursal.
 

Eligibility

Any business organized as sole proprietorship, partnership or private limited company and having a turnover of above Rs. 44 Lakhs can avail of the loan.

Parameters Salaried Self
Age 21 - 60 Years ;Salaried Doctor: 23 - 60 Years 25-65 Years
Income Minimum Annual Income: Rs.2,40,000/- Self-Employed Doctors: Rs. 60,000p.a ;CA/ICWA :Rs. 85,000 p.a; Self-Employed Engineers: Rs. 1,56,000 p.a; Other Self Employed :Rs. 1,20,000p.a
Job Experience Permanent / Confirmed employee Self-Employed Doctors: IT Assesse for at least last two years; Self-employed CA/ICWA & Engineers: Minimum three years of self-employment
Residence Proof Information Not Available Information Not Available
 

Documents Required

Document Salaried Self
ID Proof Passport Copy/ Voters ID card/ Driving Licence/PAN Card/Person of Indian Origin Card/Valid Identity card*/Overseas Citizen of India Card Passport Copy/ Voters ID card/ Driving Licence/PAN Card/Person of Indian Origin Card/Valid Identity card*/Overseas Citizen of India Card
Address Proof Ration card/ Telephone or Electricity Bill/ Rental agreement / Passport copy/Lease Deed/Voter ID/Bank Statement/Driving License Passport/ Electricity Bill/Landline Telephone Bill/ Voter Card/ Ration Card/ Lease Agreement/ Property Registration Agreement/ Letter from Company (this must be in original)/Latest IT Return Acknowledgement/Acknowledged Copy of Advance Tax/Income Tax Receipt/ Driving Licence/ Bank statement
DOB Proof Birth Certificate or 10th Class Passing Certificate Birth Certificate or 10th Class Passing Certificate
Financial Docs Last 2 months Salary Slip not more than 90 days old or latest Form 16
Bank A/c statement for the last 3 months
Length of Employment /Continuity of Business, Signature proof
IT Returns for last 2 years and a supplementary documents
Computation of Income Schedule
P&L Account
Balance Sheet
Audit Report
Above accounts to be certified by CA
Last 6 months bank statement

Business Loan

Citi Business gives you an array of business lending products like Fast Track Loans, Secured Term Loans and Overdraft Facility. Be assured of all your financial requirements to keep your business ahead and growing. Get access to a whole range of unique benefits, services, business intelligence, deals and discounts that are normally enjoyed by large corporations.

 

Loan Features

Loan Feature Loan Amount Rs. 10 lac to Rs. 15 crores
Interest Rate N.A.
Pre-Payment Charges Up to 4% of outstanding
Service Charges Booking Fee:
Up to 1% of the loan amount sanctioned. The fee is collected at the time of loan documentation or is deducted from the disbursal.
Recurring Annual Service fees on Home Credit:
The annual renewal fee is charged up to a rate of 1% of the line amount.
Penal Interest Rate:
Delayed/Penal Interest is levied in case of non-payment of the monthly payment. It is charged at the rate of 2% above the prevailing interest rate on the loan outstanding for the defaulted period.
Bounce Charges:
Cheque/ECS/SI Bounce will be charged at the rate of Rs. 500.
Loan Pre-closure Charges (Only Applicable in case of full pre-payments):
Up to 4% of outstanding.
 

Eligibility

Any business organized as sole proprietorship, partnership or private limited company and having a turnover of above Rs. 44 Lakhs can avail of the loan.

Parameters Self
Age Not Provided
Address Proof Not Provided
Income Income criteria not provided
Job Experience Not Provided
 

Documents Required

Document Self
ID Proof Passport/driving license/voter ID
Address Proof Electricity bill/telephone bill
DOB Proof Certificate of Birth/Matriculation certificate
Financial Docs Bank Statements(latest 6 months bank statement /passbook)
Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
Qualification proof of the highest professional degree

Loan Against Property

With loan Against Property, one can pull the property’s equity to grow and expand the business by meeting the working capital requirements.

 

Features

Loans up to 5 crores* Repayment tenure is flexible and up-to 15 years* Loans up to 70 percent of the value of property Loan against property that is residential or commercial. One can avail a LAP for purchase of commercial property, buying a new property, child’s education, purchase of machinery and closure of high-cost debts to name a few.
 

You can get a Loan Against Property for

Purchase of machinery Purchase of commercial property Buying a new property Your child's education Any other personal, business or professional need Closure of existing high-cost debts Special features of Loan Against Property for Child's Education Loans up to Rs. 20 lacs for studies abroad Loans up to Rs. 10 lacs for studies abroad Eligibility basis parent's income who is the main applicant on the loan Loan against residential/ commercial property
 

Eligibility

Parameters Salaried Self
Age Minimum 23 years for co-applicant minimum 21 years; maximum 65 years on loan maturity Minimum 23 years for co-applicant minimum 21 years; maximum 65 years on loan maturity
Address Proof Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Driving License Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Driving License/Business Address Proof
Income Income criteria not provided Income criteria not provided
Job Experience Minimum 2 years Minimum 3 years of Business continuity
Residence Proof Residence proof Business address proof
 

Documents Required

Document Salaried Self
ID Proof PAN card/Voters ID/ Passport/Driving License/Other Valid ID PAN card/Voters ID/ Passport/Driving License/Other Valid ID/td>
Address Proof Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Driving License Recent telephone bill/electricity bill/property tax receipt/passport/voters ID
DOB Proof DOB Proof DOB Proof
Financial Docs Statements (latest 3 months bank statement / 6 months bank passbook) Latest salary slip or current dated salary certificate with latest Form 16 or ITR Work experience proof for 2 years Bank Statements(latest 6 months bank statement /passbook) Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
Qualification proof of the highest professional degree
Business continuity proof for 3 years
For Company :
Memorandum & Articles of Association
Certificate of Incorporation
CA certificate for list of directors and list of shareholders along with shareholding pattern.
For Partnership Firm :
Latest Partnership Deed
CA certificate for list of partners along with their profit ratio

Home Loan

Citibank offers home loans at competitive interest rates for already built and under constructions apartments and flats. In the case of under construction homes, the applicant has the option to only pay interest during the construction period. Interest rate on Citibank home loans is calculated on a daily reducing balance basis.

The bank offers these home loans at extremely competitive interest rates for under construction as well as already built apartments and flats.  The maximum tenure of the home loan is 25 years. The Guarantor requirement, partial pre-payment charges as well as pre-closure charges are NIL. The processing fee is very competitive.

 

Features

Lucrative interest rates The repayment tenure is flexible up to 25 years Easy loan up to Rs 10 Crore The comfort to pay interest during construction period Home loan which is 80 percent of the value of property Interest rate is calculated on a daily reducing balance way.
 

Benefits

Interest calculated on daily reducing balance. No co-borrowers/guarantors required. Convenient repayment through Standing Instruction or Electronic Clearing System. CitiPhone platform to answer all your queries. Online access to your Home Loan account.
 

Eligibility

One needs to be at least 23 years old. One needs to be less than 65 years old. One has to be salaried or self-employed with a regular income. The EMI is limited to half the monthly income. Loan is capped at the rate of 80 percent of the value of the property. The EMIs of other loans tend to lower the eligibility.
 

Documents Required

Document Salaried Self
ID Proof PAN card/Voters ID/ Passport/Driving License/Other Valid ID PAN card/Voters ID/ Passport/Driving License/Other Valid ID
Address Proof Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Driving License Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Driving License/Business Address Proof
DOB Proof DOB Proof DOB Proof
Financial Docs Statements (latest 3 months bank statement / 6 months bank passbook)
Latest salary slip or current dated salary certificate with latest Form 16
Work experience proof for minimum 2 years
Bank Statements(latest 6 months bank statement /passbook)
Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
Qualification proof of the highest professional degree
Computation of Income Tax purposes
Bank statement for last 3 months
Business continuity proof for last 3 years
For Companies :
Memorandum and Articles of Association
Certificate of Incorporation
CA certificate of list of directors and list of shareholders
For Partnership Firm : Latest Partnership Deed
CA Certificate of list of Partners with their profit sharing ratio