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Citibank

Citibank

Overview

Unlock the power of your property to let it take care of your business needs. You can avail a loan against your residential or commercial property to expand your business and for much more.

Loan Feature

Loan Amount Up to Rs. 5 Crore
Interest Rate Information not available
Tenure Maximum 15 years
Pre Payment Charges 4% for the first 3 years and 2% thereafter
Service Charges

Up to 1% of the Loan Application Fee :
Up to 1% of the loan amount
Booking Fee:
Up to 1% of the loan amount sanctioned
Repricing Fee:
The Repricing fee will be charged at the rate of 2% of the loan outstanding.
Loan Pre-closure Charges:
4% for the first 3 years and 2% thereafter.

Eligibility Criteria : Loan Against Property

  Salaried Self
Age Minimum 23 years for co-applicant minimum 21 years; maximum 65 years on loan maturity Minimum 23 years for co-applicant minimum 21 years; maximum 65 years on loan maturity
Income Income criteria not provided Income criteria not provided
Job Experience Minimum 2 years Minimum 3 years of Business continuity
Residence Proof Residence proof Business address proof

Docs Required : Loan Against Property

  Salaried Self
ID Proof PAN card/Voters ID/ Passport/Driving License/Other Valid ID PAN card/Voters ID/ Passport/Driving License/Other Valid ID
Address Proof Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Driving Licence Recent telephone bill/electricity bill/property tax receipt/passport/voters ID
DOB Proof DOB Proof DOB Proof
Financial Docs
  • Statements (latest 3 months bank statement / 6 months bank passbook)

  • Latest salary slip or current dated salary certificate with latest Form 16 or ITR

    Work experience proof for 2 years


  • Bank Statements(latest 6 months bank statement /passbook)

  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA

  • Qualification proof of the highest professional degree

    Business continuity proof for 3 years

    For Company :

    Memorandum & Articles of Association

    Certificate of Incorporation

    CA certificate for list of directors and list of shareholders alongwith shareholding pattern.

    For Partnership Firm :

    Latest Partnership Deed 

    CA certificate for list of partners alongwith their profit ratio


Other Charges : Loan Against Property

Cheque/ECS/SI Bounce charge:Rs.500/-

Products offered by Citibank

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Testimonial

After getting rejected for a home loan by two banks I thought my wish of owning a home in a city like Mumbai will remain a dream. By chance I came to your site and applied for the loan.

What happened then was a smooth process. It's been my good luck to visit your site and get loan for my dream home.

Thanks

- Deepak Gupta

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