Citibank Nri Personal Loan: Fill & Download for Free

If you are looking to apply for a personal loan, compare different banks that provide not only attractive interest rates but also secure EMI options, and low processing fees. Also, check for secured and unsecured options. Once you are aware of this information, you get immediate access to funds and can finance your needs instantly.The essential documents for availing personal loans are ID, address, income, and employment proofs. If you are an NRI, you need to submit additional materials such as visa copy, passport copy, official email ID, bank statement, NRO or NRE account statement, and passport-sized photographs.Features:Borrow up to INR 40 lakhLoan tenure up to five yearsMinimal paperworkNo restrictions on loan amountAttractive interest ratesInstant approvalsThe personal loans India banks that adhere to these features and benefits are HDFC, Standard Chartered, Kotak Mahindra, Citibank, and DBS.

NRIs who are an individual, corporate, or association of a person, must have an account back in India from the best NRI bank in India. NRIs typically maintain an account for saving their hard-earned foreign cash for family purposes or for managing their ongoing Indian income.There are three kinds of NRI accounts which are in demand –1) NRO account: They are dominated by Indian rupees and can be held jointly with Indian residents. You can open an NRO account in the form of savings account, current accounts, recurring deposits, and term deposits.2) NRE account: Only an NRI can open such an account. They are dominated by foreign currency and held jointly with an NRI or Indian resident. Balance held in the NRE account can be repatriated freely.3) FCNR account: They are opened as term deposits for a period of one to five years. Rules which extend to account opening, credit and debit under NRE accounts are applicable here.The best NRI bank in India is IDFC Bank, DBS, ICICI Bank, CitiBank, and State Bank of India.

Banks and housing loan companies in India offer various types of housing loans to meet borrower specific requirement. Some of the popular types of housing loans are:New Home Loan:This is the most common loan taken by a borrower to buy a new house/apartment or to construct a home. Banks offer new housing loan for the following purposes:For buying a new flat, apartment or house from a builderFor buying a house from another sellerFor construction of house on an existing plotHome Improvement Loans: Improvement loan is taken to renovate your existing home against the mortgage of home. The loan can be used for any home improvement purposes such as tiling, flooring, internal and external painting of the house, etc. Existing home loan customers can avail this loan on their existing home as a new loan or as a top up on their existing house loan. Home Improvement Loans are available easily at cheap home loan rates.Home Extension Loan: This loan is similar to a home improvement loan and can be used to expand your house by adding new space including additional floor, room, balcony, bathroom etc. Like improvement loan, this is also a house mortgage loan that can be availed as a new loan or as a top up on your existing home loan. These loans can be availed at low interest rates similar to that of new home loanLand Purchase Loan: This loan is taken to purchase a plot for building a house on it. Very few banks offer plot loans. Most of the banks that offer plot loans require the borrower to construct a house on the plot purchased within a period of 2 to 3 years of buying the plot. Plot loans are considered to be riskier compared to other home loans and hence, rate of interest is 1.5-2% higher compared to a house loanHome Conversion Loan: This loan is offered to existing borrowers who want to transfer their existing housing loan interest benchmark from fixed rate to floating rate or vice – versa. You can also opt for home conversion loan if you have taken a loan before 1st April, 2016 and want to switch your benchmark rate from base rate to MCLR rate in order to change your benchmark market rates. Banks and finance companies charge a conversion fee on the outstanding principal to switch your loan.NRI Home Loans: These loans are offered to non-resident Indians for buying, constructing or renovating a home in India.Home Loan Overdraft: Some banks such as SBI and Citibank offer overdraft facility to borrowers along with home loan. Borrowers are provided with an overdraft account in which borrowers can deposit any available surplus amount for any period and reduce their interest liability. This is the best home loan for self employed, businessmen, professionals who have fluctuating fund flow during the year. Interest rate on housing loan overdraft is around 0.15%-0.2% higher than rate of a regular home loan.Home Loan Top Up: Top up loan is an additional loan amount that you can avail on your existing home loan either from your existing bank or at the time you transfer your housing loan to another bank. The amount of top up loan is capped at the maximum of LTV of your existing home loan. Always do a detailed comparison of home loan top up offers of different banks to check for the best home loan eligibility and lowest home loan interest rate. Interest rate for top up is 0.25% to 1% higher than the regular home loan rate and can be availed for personal use.Home Loan Balance Transfer: Home loan transfer from one bank to pay off an existing loan. Generally, borrowers look to transfer their loan to get lower interest rate or to get additional top up loan along with home loan amount. You will have to take approval from your existing bank for transferring your loan and apply for home loan with a new bank to get a loan sanction. Customers balance transfer their loans to reduce their interest rate and get lower EMIs.Pre-approved home loans are loans where a bank pre-approves your housing loan before you complete your property transaction based on your credit score, repayment history, current EMI obligations etc. Pre-approved home loan are available at low interest rates and allows you to get a loan as soon as you finalise your property. The validity period of the pre approved loan offer is limited up to 6 months in most of the cases.