Citi Bank Business Loans in Chennai
Citibank offers an array of loans that can be accessed by large or small corporates especially for the development and promotional activities. CitiBank offers a varied choice of loans such as short term, long term business loan, overdrafts facility and import and export finance that are exclusively designed for businesses to meet their financial requirements on time and aspire for their growth. You can avail unique deals, discounts and benefits from Citibank. We allocate our sincere diligence to bring the excellent financial promotion for you. We give financial support to see the next level of your career.
Features of Business loans from CitiBank
- The minimum loan amount approved is Rs.10 lacs to maximum Rs. 15 Crores
- The tenure period is up to 10 years
- The pre-payment charges is about 4% of the outstanding loan amount
- Short term business loan with 6 month tenure is also available
- Interest rates are competitive and attractive
- Booking fee of about 1% is collected during documentation time and this is deducted from disbursal
Business loan Eligibility from Citybank
- Age minimum of 21 years
- Must provide the income proof or profit / loss balance sheet attested by CA
- The company must be at least 2 years since established to become eligible
- Proper address proof must be provided
Documents Required for Business loans from CitiBank
- ID proof of the applicant must be provided such as voter ID card, PAN card, passport or driving license.
- Address proof must be provided such as telephone bill, electricity bill or rental agreement.
- The applicant's birth certificate must be provide as a proof of age eligibility such as birth certificate, school certificate.
- The applicant needs to provide financial documents such as last 6 months bank statements, bank passbook with recent entries, latest IT return filed with computation of income from the business, last 2 years B/S and P & L account details certified by CA.
- Business loan eligibility is given here for your fullfledged knowledge.