A housing loan or a home loan is the cheapest of all loans. The borrower still wants to have the minimum rate. Citibank is one of the banks which makes sure that the borrower gets the lowest home loan interest rate so that she can pay the EMIs smoothly.
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Citibank Home Loan Interest Rates April 2021
The rates are offered based on certain factors like the property value, the location of the property and of course the repayment capacity of the applicant. The better the repayment capacity of the borrower is, the easier it is to pay the loan. Hence, if you are a young professional, working in an MNC, have applied for a house at a good location, your chances of getting a lower rate from Citibank is more. Have a look at the pricing grid at Citibank and other related charges.
|Interest Rate||6.65% - 7.40%|
|Loan Amount||Up to INR 10 crore|
|Processing Fee||Up to 0.40% of the loan amount|
|Late Payment Charges||2% above the prevailing interest rate on the outstanding of the defaulted period|
How can you apply online?
Applying for home loan is now a common procedure as it saves your time and the process is much simpler as compared to the offline. In the online process, you can also calculate your eligibility. There is a special home loan eligibility calculator which lets you know how much loan amount you can get on the basis of your monthly income.
What is Citibank customer care number?
If you have any loan-related query, you can contact the bank directly through the customer care number. There is a facility of virtual assistance available at Citibank which means that one of the executives will be talking to you face to face and listen to your queries. You can ask home loan related queries comfortably and the executive will make sure your problems are solved.