*The loan approval given by the Bank is only an indicative approval. ^T&C apply. Visit www.citibank.com.my for more details.
There are various home loan packages available in the market today. It is important to understand and evaluate the various features and benefits available to obtain the optimum from each home loan package.
Citibank offer two key home loan packages (i.e. conventional Housing Loan product with disciplined monthly instalment for completed property and FlexiHome Loan product that gives you complete flexibility to deposit more than your monthly instalment or withdraw the excess amount, whenever you want). You will be able to find out if your loan is approved within 10 minutes*. It’s that simple. In addition, you get up to RM20,000 cash back and guaranteed RM2,000 cash back^ when you sign up your loan from 1st Oct 2016 – 31st Dec 2016.
Citibank Housing Loan is a home loan that lets you focus on bigger priorities with disciplined monthly installment for completed property. You are allowed to make early or extra payments in any amount at any time with no notice require and no fees charged. On top of that, you are allowed to reduce your outstanding loan amount via EPF withdrawal.
Citibank FlexiHome Loan is a home loan that gives you flexibility to deposit more than your monthly instalment or withdraw the excess amount, whenever you want with no notice required. When you deposit funds in excess to the instalment (“Extra Payment”), your principal will be automatically reduced the following day for the purpose of calculation of interests. Interests will be calculated on the amount which is the difference between the loan outstanding balance and the Extra Payment deposited into the Flexi Current Account ("Interest Offset Feature").
Citibank offers two competitive full-flexi home loan packages that suit different individual needs in the form of HomeCredit and FlexiHome Loan. The key features of each package are highlighted for your comparison.
|Product||Key Features||Is this a flexi package?|
Citibank home loan packages allow borrowers to make additional monthly repayments to reduce the interest charges on their home loan. Alongside with the flexibility of the features, the product comes with fees and conditions that need to be considered.
|Housing Loan||FlexiHome Loan|
|Is a linked bank account required?||No||Yes|
|Account Maintenance Fees||No||Yes. RM10.60 (inclusive of 6% GST)|
|Redrawal Terms & Conditions||NA||No|
The minimum criteria for a customer to sign up for loans are at age 18.
Below is the list of documents that you will be required to prepare for Citibank Home Loan application:
Based on your current property value and the loan amount that you wish to borrow, you can find out your monthly instalment by using the Citibank loan instalment calculator. Once you are ready to apply and have all your documentation in place, you can proceed to make an application through iMoney and we will call you back to assist you with your home loan application.
If you are not sure whether this Citibank Home Loan is your best option, click here to compare other home loans in Malaysia.
Here are some of the repayment methods for Citibank home loans.