Business Loans In Chennai – Citibank
Citibank, the leading bank for businesses, provides the right financial assistance for all kinds of business loan needs. Hence, choosing the Citi Bank Business Loan in Chennai is a wise decision if you are looking to grow your business, to get all your financial products and services.
The special aspects of Citi Bank Business Loan in Chennai includes, comprehensive lending facilities that withhold rupee loans, foreign currency loans, and external commercial borrowings.
One can also choose the Citi Bank Business Loan in Chennai if required a structuring capability for their business as the Citibank brings in a best structuring capability with their domain experts. It helps in understanding the financial landscape and structuring needs for finance.
In a nutshell, opting for Citi Bank Business Loan in Chennai provides a loan applicant with the right financial solution for every single step of their company’s or start-up’s growth.
However, these business loans can easily be made available with the help of professional CitiBank Business Loan Agents in Chennai. LoansBazaar, rightly known as one of the top Citi Bank Business Loan Dealers in Chennai provides you the essential financial assistance throughout the process.
Below are the salient features, eligibility criteria and the required documents to apply for Citi Bank Business Loan in Chennai.
Citi Bank Business Loan in Chennai – Features
- From a minimum amount of Rs 1 lakh to a maximum of Rs 25 lakhs amount is guaranteed to be provided as loan.
- The loans are provided for self-employed individuals only.
- The loan process is quick and convenient.
- The business loan includes 2% of processing charges and 3% of pre-closure charges.
- The rate of interest is competitive and affordable. Also, the interest rates gets lesser if an applicant has the higher monthly revenue or a significant business experience.
Citi Bank Business Loan in Chennai – Eligibility Criteria
- The applicant should be aged between 25 and 65 years.
- A minimum annual turnover of Rs 50 lakhs is expected from a loan applicant.
- The business existence must be at least 36 months.
- The CIBIL score should be at least 750 or above
Citi Bank Business Loan in Chennai – Required Documents
- An address proof of an individual like Aadhar card, voter’s ID, bank statement, registry copy, rent agreement, utility bills are required
- The loan applicants should submit the complete ID proof details which can be either a voter ID, a driving license or a passport.
- Business existence proofs such as PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI should be submitted.
- Copy of Income Tax PAN for 24 months
- Bank statement of last 6 months
- The relevant financial documents that are to be submitted includes the last 6 months of bank statement, bank passbook, recent IT return with income computation and attested by CA, higher professional degree certificate as a qualification proof.
- The PAN Card and Form 60 along with the business proof.
