Why should I choose Citibank Housing Loan?
Applying for a home loan online is easy with Citibank Housing Loan because you can may get approved within 10 minutes! Besides, you can also secure a low competitive interest rate, with financing margin up to 89% for completed and under-construction properties.
Citibank gives you the convenience to make repayment flexibly, either by disciplined monthly instalment or make extra repayment on top of your monthly instalment. No notice is required when you want to make early or extra repayment any time.
In addition, you get to pay less on your interest and make room for more disposable income when you choose to service your interest payment during the construction period.
How does Citibank calculate my interest payments?
The rates on your mortgage with Citibank may change according to the Base Rate (BR).
Citibank will then calculate on a daily basis the interest payable, based on the outstanding loan amount.
Please refer to the table below to see how Citibank calculates your interest payments:
| Loan Size | Interest Rate |
| <RM450,000 | BR + 0.85% |
| RM450,000 - RM1,000,000 | BR + 0.80% |
| >RM1,000,000 | BR + 0.75% |
What are my monthly commitments for this home loan?
Depending on your income, borrowing amount, spending and your relationship with the bank - such as owning a Citibank credit card or Citigold account, your Citibank Sales specialist may be able to arrange a better deal on your interest rate than the published rates.
What insurance can I choose with Housing Loan?
It is highly recommended that you take Mortgage Level Term Assurance (MLTA) or Group Mortgage Reducing Term Assurance (MRTA) to reduce the risk of losing your property due to unforseen circumstances.
Houseowner Insurance is compulsory for this mortgage.
Can I refinance my home loan with Citibank?
If you are considering to reduce your monthly repayment and have extra cash in hand for your child's education needs or home renovation purpose, Citibank Home Loan offers among the best refinance interest rates that help you save more on interest payment and get some cash out!
Who can apply for this housing loan?
To apply for this mortgage you must be at least 18 years of age with an income that is no less than 3 times the monthly instalments to ensure that you can financially afford to repay this home loan.
Required Documents
Once you’ve made your decision to apply for the Citibank Housing Loan you'll need the following documents on hand:
For Salaried Employees:
- Copy of NRIC (front and back)
- Latest 3 months of your Salary Slips
- Latest EPF statement
- Sales and Purchase Agreement or Title or Booking Receipt (where applicable)
For Self-Employed:
- Copy of NRIC (front and back)
- Income tax returns - latest BE, B or EA Form (where applicable)
- Form 24 and 49 (business registration forms, if applicable)
- Bank statements for the last 6 months
- Sales and Purchase Agreement or Title or Booking Receipt (where applicable)
