Citibank Housing Loan Term Loan

Citibank offer two key home loan packages (i.e. conventional Housing Loan product with disciplined monthly installment for completed property and FlexiHome Loan product that gives you complete flexibility to deposit more than your monthly installment 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 RM30,000 cash back and guaranteed RM2,000 cash back^ when you sign up your loan from 2nd January 2019 – 31st December 2019.

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”).

What Documents Will I Need to Prepare?

Below is the list of documents that you will be required to prepare for Citibank Home Loan application:

* Copy of NRIC (Front & Back)

* Latest 3 months’ salary slips

* Latest EPF statements

* 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