Citibank India

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About Citibank

Citi bank
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 Citibank

Citibank 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.
Citibank is spread across more than 100 nations around the globe. Its areas of expertise include:
  • Banking services
  • Insurance
  • Investment
  • Credit card
According to reports, Citibank boasts of a base of 15 million users, who are served by its online services division alone. Hit by one of the worst financial recession effects in 2008, the Citibank received a stimulus package of US$ 50 billion from the US government in two parts.

Products and Services of Citibank

The 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.
Besides, Citibank personal loan is available to those who are already members of the bank. They just need to fill in certain details like credit card number, loan account number and Suvidha account number to prove if they are eligible for the loan or ready cash or not.

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
  • Overdrafts
  • Dropline overdraft
  • Non fund based lines
Any business organization with a turnover of more than Rs 44 crore is eligible for business loan. Moreover, partnership businesses, private limited companies and sole proprietors are also approved for the loans. Online Citibank networking is the best way to apply for the loans. One can download the application form and select from a wide range of business loans that suits one's needs.

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 India Branches

The wide reach of the Citibank India can be gauged in terms of its presence in around 28 locations. The branches are operational at Delhi, Noida, Gurgaon, Chandigarh, Jalandhar, Ludhiana, Nashik, Surat, Bhopal, Indore, Vadodara, Ahmedabad, Aurangabad, Mumbai, Vapi, Pune, Kolkata, Faridabad, Lucknow, Bhubaneshwar, Jaipur, Akola, Chennai, Bangalore, Hyderabad, Coimbatore, Cochin (Kochi), and Pondicherry.

Citibank Head office Center

7th Floor, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051

Citibank Customer Care Number :-


Last Updated on May 30, 2015