Citibank was founded in India in the year 1902 with its head office located at Mumbai, the commercial hub of the nation. Citibank India has carved a niche for itself in the area of providing topnotch consumer finance lending services. The products offered by the bank are also thoughtfully designed and plenty in number.
Background of CitibankCitibank belongs to Citigroup, which is a well recognized financial services company. It was started in 1812 and is reckoned amongst the largest banks in the United States. The New York based bank was firstly christened as City Bank of New York, which later became to be known as the First National City Bank of New York.
- Banking services
- Credit card
Products and Services of CitibankThe various products and services of the Citibank in India encompass following range:
Citibank Personal loan
Citibank India Personal loans, offered by the bank, are quick and affordable. The attractive features of the loan offered are:
- One can get loan from 40,000 up to 10 lacs
- Remittance is flexible i.e. one can repay the loan within 5 years.
- Paperwork or documentation is simple and hassle free
- The bank does not require a guarantor or security
- Loan can be availed within 2 days or 48 hrs.
Citibank business loan is yet another loan provided by the bank. One can apply for secured and unsecured loans upto Rs 15 crores for growth and other business purposes. The bank provides advances like overdraft facility, fast track loans and secured term loans. One would also get discounts, deals, benefits on Citibusiness loans.
Some of the business loans and advances by the bank include:
- Secured term loan
- Quick loan
- Dropline overdraft
- Non fund based lines
One can also finance a dream house with the help of Citibank India home loan product. One can apply for loan upto Rs 5 crore at competitive interest rate, which is calculated on daily reducing balance method. The loan is offered upto 89 % value of the property with a flexible remittance option i.e. within 25 years. Moreover, no penalty is charged for partial prepayment.
Another special feature of the Citibank home loan is that customers can transfer home loan from other banks and financial institutions and get more money upto 2 crore on the existing loan. The tenure of repayment is 20 years.
Documents Required For Citibank Loans
- Application form
- Signature verification proof for all individuals
- Date of birth proof for all individuals
- Business address proof for all self-employed customers
- Identification proof for all borrowers
- Photograph for all individuals
- Residential address proof for all individuals
Citibank Head office Center7th Floor, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051
Citibank Customer Care Number :-001800226747
Last Updated on May 30, 2015