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What is the eligibility for salaried individuals?
What is the eligibility for self-employed?
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Gross annual income of Rs 85,000 or
above.
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Minimum of 23 years of age and above,
and maximum age of 65 years whichever is higher at the
time of loan maturity.
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3 years of continuous operation.
What is the maximum loan tenure
and how do I repay the loan?
You can choose a tenure upto 25 years. The loan can be repaid
either through Post Dated Cheques (PDCs), Standing Instruction(SI)
facility from your Citibank banking account or through Electronic
Clearing System(ECS) from your non Citibank banking account.
What is the maximum Home Loan Amount
I can take?
- Home Loans are available from Rs 2.1 Lakh to Rs 5 Crore.
- Loans up to Rs 2 Crore for self-construction.
What is an EMI?
Citibank Home Loans are repaid through EMIs (Equated Monthly
Installments) over the period of the loan may be its Home Equity
Loan, Home Extension
Loan or Home Improvement Loan, Home Construction Loan.The
EMI is calculated at the prevailing Variable Interest Rate.
The table below shows indicative EMIs for different periods
for a loan of Rs 1 lakh. Click here to find out the EMI on your
loan.
|
Loan Tenure(in years) |
EMI per lakh (in
rupees) |
| 5 |
2028 |
| 7 |
1559 |
| 10 |
1214 |
| 15 |
956 |
| 20 |
837 |
| 25 |
772 |
How are the interest rates calculated?
Citibank offers competitive interest rates that are calculated
at daily reducing balance.
Source: https://www.online.citibank.co.in/
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