Mortgage Citibank

What are the features of Loan Against Property / Mortgage offers by Citibank? Is it available for child education ?

[Kiran Chandar]

Citibank offers Loan Against Property / Mortgage at competitive interest rates. Customers of Bank can issue this loan easily .

This loan can be issued for child education .

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

This loan provided for :
Purchase of machinery

Buying a new property

Child's education

Purchase of commercial property

Closure of existing high-cost debts

Any other personal, business or professional need

Special features of Loan Against Property for Child's Education :
Eligibility basis parent's income who is the main applicant on the loan

Loan against residential/ commercial property

Loans up to Rs. 20 lacs for studies abroad

Loans up to Rs. 10 lacs for studies in India