CITI Bank Home Loan Interest Rate:

CITI Bank home loan rate is variable. CITI Bank home loan interest rate is based on Citibank Mortgage Prime Rate (CMPR). Attractive CITI Bank home loan rate make it a preferred choice amongst customers. CITI Bank home loan interest rate is calculated on the daily reducing balance on the prevailing CITI Bank home loan rate. To further reduce the CITI Bank home loan rate one can opt for Citibank Home credit.CITI Bank home loan interest rate keep varying on a regular basis. Hence, you must get information about CITI Bank home loan interest rate from the bank itself. The CITI Bank home loan rates can also be enquired about on the helpline.

CITI Bank Home Loan Eligibility:

CITI Bank Home Loan Eligibility Criteria For Salaried People:

As per the CITI Bank home loan review the person should have at least 2 years of work experience. CITI Bank home loan The minimum age of the applicant should not be more than 23 years. As per the CITI Bank home loan eligibility an applicant is assessed on income, age, tenure etc.

CITI Bank Home Loan Eligibility Criteria For Self Employed:

CITI Bank home loan review shows that a self employed loan applicant should have filed for income tax return. CITI Bank home loan The minimum age of the self employed applicant should not be more than 23 years. You can enhance your CITI Bank home loan eligibility by including your spouse? income.

CITI Bank Home Loan Documents:

CITI Bank home loan review shows that an applicant needs to give

proof of identity,

proof of residence along with other documents asked by the bank.

Experience of work proof for last two years

Photographs

CITI Bank home loan Documents for salaried

Salary slip for last two months

Bank Statement for last three months

Form 16 of last two years

CITI Bank home loan for Self Employed

Income tax return for last two years

Proof of existence of proof

Balance Sheet and Profit and Loss Account

Business continuity for last 3 years proof

Procedure and options to apply for the loan: The customer can go ahead and apply for the loan at any of the bank branches or can download the form from the website of the bank.

Maximum tenor of the loan: The customer will have the maximum tenure of 20 years.

What would be the repayment options/facilities? The customer can pay back his loan in equated monthly installments.

Pre closure process: In case a customer of CITI Bank Home Loan the customer wishes to close his loan before the agreed period or term is termed as pre closure. There is a 2% charge for a pre closure.

Tax benefits: One can get tax benefits on the principal and the interest paid according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.