Citibank Standard home loan is one of the most popular home loans among the young home buyers of India who are planning to buy their dream homes. The home loan offers all the money you require to buy your home and comes with easy repayment facilities spread over a long period of time. Any person employed person whether salaried or self employed having a certain range of income can avail the Citibank Standard home loan.
To be eligible for availing the home loan of Citibank Standard the gross annual income of the salaried individual has to be Rs 100000 or above his age should range from 23 to 58 years and if the retirement age of the individual is above 58 years it can be also considered as the maximum age. To avail the home loan facility the salaried individual should have at least two years of working experience. For the self employed person the gross annual income has to be Rs. 85000 or above and the age limit should range from 23 years to 65 years. The self employed individual also has to show 3 years of continuous operations.
The maximum tenure of Citibank Standard home loan is 25 years.
The loan can be repaid is several ways. You can pay it through post dated checks, standing instructions from your Citibank banking account or else you can also repay it through the electronic Clearing System from any account in other banks. Citibank Standard offers you a loan amounting to Rs 2.1 lacs to Rs 5 crores. For the self construction purposes the home loan amounts up to 2 crores.
The Citibank Standard home loan repayment comes with EMI schemes where you can repay the loan in easy monthly installments. The home loans offered by Citibank Standard are home equity loan, Home extension loan, home improvement loan and home construction loan. The monthly amount is very less and is very affordable. With Citibank Standard home loan your dream home is no more a distant dream.