Citibank Mortgage Loan Interest Rates

Hello sir, I am Sushil Verma. I am from Mumbai. I want you to help me by giving me some information about the Citibank Mortgage Loan interest rates and features. Can you help me?

[Shaleen]

As you have asked about the Citibank Mortgage Loan interest rates and features, I am giving you information about it, check below for the information
Special features of Loan Against Property

Loans up to Rs.5 crore
Flexible repayment tenure up to 15 years
Loan against residential or commercial property
Loans up to 70% of the property value

You can get a Loan Against Property for

Purchase of machinery
Purchase of commercial property
Closure of existing high-cost debts
Buying a new property
Your child's education
Any other personal, business or professional need



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 in India
Eligibility basis parent's income who is the main applicant on the loan
Loan against residential/ commercial property

Interest rates:
Home Loan/ Home Loan Takeover
Loans upto Rs. 25 lacs
9.65% p.a.to 9.80%p.a.

Loans > Rs. 25 lacs –Salaried
9.65%p.a.to 10.05%p.a.

Loans > Rs. 25 lacs –Self Employed
9.85% p.a. to 10.25% p.a

Citibank offers you to power pack your loan through the unique Home Credit option which lets you decide what interest you pay on your loan.

Home Credit Loans operate through Home Credit Account which is a current account linked to your loan.
All amounts deposited in the Home Credit account in excess of the threshold amount and subject to a maximum of your outstanding loan is transferred on a daily basis to your loan account to offset the interest being charged on your loan. This amount is always available for withdrawal by you as an overdraft line.

Citibank offers you 2 options in Home Credit loans that you can choose depending on your needs

Home Credit Vanilla option
Home Credit Vanilla option gives you the option of maintaining liquidity.

Home Credit Fast Track option
Home Credit Fast Track gives you the option of repaying your home loan faster.