Citibank Home Loans

Citibank home loans are one of the best deals offered as financial solution to fulfill your dream of own and comfortable house. Citibank housing finance solutions are offered for various purposes purchase of under construction properties, purchase of ready property, self-construction and purchase of plot and self-construction thereon. These home loans in India can be availed by salaried persons, self-employed customers and partnership firms. You can choose to buy the plot or house at the selected locations that are approved by Citibank.

For every loan there is an eligibility criterion that determines whether candidate is eligible or not to apply for housing finance. Primarily, age and income are the important factor to determine the loan eligibility of any applicant. An individual’s minimum age should be 23 years and above at the time of loan sanctioning ad co-applicant’s minimum eligible age must be 21 years. At the time of loan maturity, borrower must not have attained the age of 65 years. These unique home loan schemes are one of the most preferred choices amongst customers, when it comes to housing finance.

Citibank home loans can be availed at attractive interest rates coupled with appealing finance schemes. Under these finance schemes, an individual can avail home loans up to 80% of the property value. If we consider the tenure period, then repayment period of loans are up to 25 years. Now here comes the best part, the interest and home loan equated monthly installments (EMIs) are calculated on the method of daily reducing balance, which turns out to be beneficial for borrowers. Your EMIs can be easily paid through standing instruction or electronic clearing system (ECS).

For Citibank housing finance, there is no requirement of co-borrowers or guarantors. You can easily access to your home loan account through online mode with which you can keep an eye on every single detail or updates. You can avail these financial solutions up to Rs. 7.5 crores. There is also a flexibility that is offered in repayment of loan according to which, you can choose to pay only interest during construction period. These finance solutions are advanced and can be availed in both offline as well as online modes. You can log on to the official website of Citibank and can drop an online application there. With this approach, a fast approval of your request will be received and your application will be in process. And, then, bank representatives will contact you soon for the same.

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