Citibank Business Loan
Build the future of your organization with Citibank Business Loan. If you are running a business and need funds to expand the same, then business loans offered by Citibank is one of the best options available for you. The bank provides a loan to almost all types of enterprises whether it is a large firm or a start-up. So, even if you want to start a business, then also you can get a loan in just a few clicks.
Citibank offers a complete financial assistance to help you grow and expand your business. It offers numerous credit facilities, special loan schemes, financial products to meet all sorts of fund requirements of borrowers effortlessly. The interest rates charged by the bank are also very low, so meet your fund requirement at affordable rates with Citibank.
Check why Citibank Business Loan is the option
Citibank offers multiple financial products to suit the requirements of different borrowers. The bank also encourages the entrepreneurs by offering numerous loan schemes and fund programs from time to time. Here are the reasons which make the Citibank Loan the best loan option for you:-
- Multiple loan schemes
- Competitive interest rates
- Funds available up to 25lac
- Processing fee only up to 2%
- Extend repayment tenure up to 60 months
- Top-up loan facility also available
- Receive the cash within 2 days
- Guarantor not required
- Online loan application and approval
City Bank Business Loan Interest Rate
Loan Amount
Starting From Rs. 50,000 up to Rs. 25 lakhs
Interest Rate |
10.99% - 20.00% |
Loan Tenure |
12 to 60 months |
Processing Fee |
2.50%, Minimum Rs. 1,000 Maximum Rs. 25,000 |
Foreclosure Charges |
Allowed after 12 EMIs, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2% |
Age |
21 years up to 60 years |
Key Features of Citibank Business Loan
With Citibank, you can easily meet the planned as well as the unplanned expenditure of your business as the loan is approved in just a few days. So, even if you have any urgent financial requirement, you can easily meet the same with Citibank Business Loan. The bank allows the borrowers to use the funds for almost all sorts of business requirement such as purchasing assets, meeting financial liabilities, setting up a new branch and so on.
The business loan provided by the Citibank is highly preferred by the borrowers as the financial assistance and professional services of the bank are just unmatchable. Let’s have a look at the key features of the Citibank Business Loan
Affordable interest rates
Citibank Business Loans are available at quite affordable interest rates, so you need not give a second thought before taking the loan.
Special loan schemes
Multiple special loan schemes are offered by the bank from time to time which further provide special benefits as well as lowers the interest rates.
Quick and Easy loan process
The loan process is also very simple and easy as you can apply online in just a few clicks and complete the entire process online
Low EMIs available
You can easily repay the loan in small EMIs and extend the loan tenure up to 60 months depending upon your expected future cash flow.
Minimal loan processing charges
The loan processing fee charged by the bank is also very minimal which again makes Citibank Loan an affordable option for you. Processing charges only go up to 2%.
Top-up loan also available
Even after taking the loan, you need some more funds then you can easily apply for the top-up loan and get the additional funds instantly.
Minimal documentation
The documents required for the approval of your loan are also very basic which are easily available with almost everyone. The best part is document verification is also conducted online.
Instant disbursal of funds
Once your loan application is approved the funds are made available in just 2 days. So, you can easily meet your instant requirements with Citibank.
Loan up to 25lac
You can instantly get the loan up to 25lac without any collateral or security. With Citibank, you can easily get the high amount loan to meet your bulk expenditures.
City Bank Business Loan Fees & Charges
| Loan Processing Fees | Up to 2.50% of loan amount, Rs 1,000 to 25,000 |
|---|---|
| Pre-payment Charges | 4% of principal outstanding - 13 to 24 months, 3% of principal outstanding – 25 to 36 months 2% of principal outstanding - >36 months |
| Penalty for late EMI payment | 24% per year on outstanding amount From default date |
Check your Eligibility for Citibank Business Loan
If you are planning to apply for a business loan from Citibank then you must meet the eligibility criteria listed below:-
If you want to apply for the business loan with Citibank, then your minimum age should be 21 years and you maximum age at maturity of loan should be 65 years
In order to apply for the business loan, you should either be a self-employed individual, partnership firm, Proprietor or a Private Limited Company.
You should have been in your current business for at least 3 years.
Your annual income and turnover should meet the minimum monthly income as well as the turnover requirement of the bank.
Documents Required for Citibank Business Loan
In order to get your Loan approved quickly, you need to provide some basic documents to the bank. Let’s know the documents required for the approval of your Citibank Business Loan:-
Identity Proof – Passport/PAN Card/Driving License/ID Card/Aadhaar Card
Proof of Business Existence – IT Returns/Bank Statement/Certificate of Incorporation
Statement of Bank – You need to provide the statement of the bank for previous 6 months.
Address Proof – Voter ID/Electricity Bill/Passport/Telephone Bill/Bank Statement/Driving License
Loan Application – You need to provide a duly filled loan application.
What are the benefits of applying loan from Rupee Station?
Rupee Station is an online loan platform where you can easily get the assistance of financial experts and instant loan. Our aim is to make the loan procedure hassle-free and paperless for borrowers. We provide the business loan at the lowest interest rates and our loan process is accomplished online with just a few clicks.
At Rupee Station, we enjoy an exclusive collaboration with Citibank, so you can easily avail the latest loan schemes offered by the bank. We also make the loan available to the borrowers with bad credit score. Here is the list of other benefits of Citibank Business Loan, take a look:-
Tailor-made loan options
We provide customized loan options to perfectly match your fund requirements. So, if you want to take a loan which completely suits you, apply for a loan at Rupee Station.
Apply in just a minute
You can apply for the business loan in just a minute by filling the loan application form at our website. The form is also quite simple and asks for some basic information.
Funds disbursed within 2 days
We make the funds available instantly in just 2 days. Once you fill the form, your loan application is processed on the priority basis and funds are made available instantly.
Paperless documentation
Our aim is to make the documentation process paperless, thus we provide online verification of documents which makes the documentation process hassle-free.
Real-time application tracking facility
We also provide the facility of real-time application tracking, so you can easily get to know the status of your loan application is just a few clicks.
Get Citibank Business Loan in just 3 steps
At Rupee Station, you can easily apply for the Citibank Business Loan in just 3 simple steps which are listed below. Have a look:-
Step 1
Fill our online loan application, which requires your basic details.
Step 2
Your loan application will be processed instantly by our financial experts and they will get in touch with you to know the other essential information.
Step 3
Cash disbursed in your account within 2 days after the approval of your loan application.
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