Citibank Homecredit (conventional)

Up to 30 years

Full-Flexi loan

Floating Interest Rate

3 years lock in period

Up to 89% margin

Borrowing RM Monthly Repayment

Profit Rate

How Long Year
max 35 Year
Flexi/Term Lock in Period Islamic or Conventional
All Flexi Term All Yes No All Islamic Conventional

Citibank Homecredit

A housing loan with cheque book and ATM cash withdrawal for flexible repayments. You call the shots on when and how you pay your home loan!

    • Up to 30 years
    • Full-Flexi loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 89% margin of finance

You Borrow

Estimated Interest Rate

more than RM450000

4.95% p.a.

  • *Effective interest rate will be determined by Citibank upon approval.


Fees & Charges

There are always fees but how much are they?

Late Penalty Fee - 1% p.a. on amount past due x (number of days past due/365 days) for term loan/financing on a monthly basis

Withdrawal Fee - No Fee

Processing Fee - No Fee

Early Settlement Fee - 3% of total original loan/financing amount

Redemption Letter Fee - RM53.00 per request

Letter for EPF Withdrawal Fee - RM21.20 per request

Cancellation Fee - Up to 3% of total original loan/financing amount

Insurance Types - MRTA

  • MLTA
  • Houseowner Insurance

*inclusive of 6% GST



Are you eligible for this Citibank home loan?

Minimum annual income - RM48000

Minimum age - 21 years old

Maximum age - 70 years old

Who can Apply - Any nationality

  • Other requirements may apply

Frequently Asked Questions about Citibank Homecredit

Things you might want to know


What do I need to know about Citibank Homecredit?

Homecredit is a flexible home mortgage with an overdraft service which offers you the flexibility to pay-as-you-wish to save on interest fees. Your overdraft comes with a cheque book with hassle-free ATM withdrawals for maximum convenience - great if you need a standby credit line for any urgent matters.

Here's the great thing - you won't have to pay fixed monthly instalments, just pay more if you want to save on interest or pay less when you have other priorities. It's your choice.

The loan approval is subject to the Bank’s credit review and the rates on this loan may change according to the changes in Base Rate ( BR).


What about my ongoing commitments to Citibank?

You will need to pay interest every month calculated on the borrowing you've used. Every quarter you'll have to pay the amortised principal loan amount plus the interest.

Although Citibank has an official published interest rate, they might be willing to offer you different rates depending on your loan amount and your relationship with Citibank, such as holding a Citibank credit card or Citigold account. It always pays to talk to your Citibank Sales Specialist and see what they can do for you.

An important thing to note is that interest is charged based on the net balance of the home loan account and current account. This means that your current account, the account you have an overdraft with is helping to bring down the cost of your mortgage interest – that’s well worth considering.


What insurance comes with this Homecredit loan?

The Group Mortgage Reducing Term Assurance ( MRTA) or Mortgage Level Term Assurance ( MLTA) is highly recommended to hedge the risk of losing your family's property due to unforeseen circumstances, but it’s totally optional.

Houseowner insurance is compulsory.


Why should I choose the Citibank Homecredit?

In times of need such as financial emergencies, you will be able to utilise your overdraft to withdraw excess cash - especially when you've no time to wait for a personal loan approval to come through.

There are no fixed monthly installments, so you are able to pay as you wish. But it would always be nice to pay more, to save on interest and ensure you have a buffer so that you can pay less when you have other priorities.


What documents are needed when applying?

For salaried applicants:

NRIC photocopy
Latest 3 months salary slip
Latest income tax return form (Borang BE) or EA form or EPF statement


For self-employed applicants:

NRIC photocopy
Latest 6 months bank statement
Form 24 & 49 (business registration forms, where applicable)