Business Loans India : Business Loans from Citi Bank
It is a fact that at one point in time or another nearly all entrepreneurs need a bank business loan, either to start up the enterprise, expend it, or to bridge difficult times when the consumer turns fickle. Of the many lenders and types of loans available, a bank business loan will probably be the best bet for starting the venture. A bank business loan is often the best way to establish and maintain your venture’s credit rating, if it is fastidiously repaid.
But, if you are experiencing financial problems, is a bank business loan a good idea to use to get current on the debts? Just what is a bank business loan and what is the application procedure? A bank business loan is an unsecured loan that does not require collateral of any kind. It is based entirely upon the credit rating of all of the involved partners; the prospectus or the plan that was developed that outlines the venture, including both the financial liabilities and the anticipated income. You will have to provide well-organized and scrupulous detail, together with a good credit rating for this type of loan. A bank business loan is the primary vehicle for starting up an enterprise and gets a venture off to a good start, however it is a poor remedy for existing financial problems.
Citi Bank offers business lending products like Fast Track Loans, Secured Term Loans and Overdraft Facility. Be assured of all your financial requirements to keep your business ahead and growing. Get access to a whole range of unique benefits, services, business intelligence, deals and discounts that are normally enjoyed by large corporations.
Secured Term Loans from CITI Bank
* Loans upto 15 crore
* Tenors upto 10 years
* Maximum LTV (Loan to Value) of 80%
* Ideal for Business ExpansionQuick Loans from CITI Bank
* Loans upto Rs. 25 lakhs
* No Collateral Security
* Minimal Documentation
* Ideal for short term fund requirementsOverdrafts from CITI Bank
* Maximum Line Amount of 3.5 crore
* Unsecured Overdrafts upto 2.2 crore
* Interest charged only on the amount utilised
* Ideal for Working Capital PurposeDropline Overdraft from CITI Bank
* Unique combination of Term Loan and Overdraft
* Maximum Line of 15 crore
* Interest charged only on the amount utilised
* Ideal for Working Capital FinancingNon Fund Based Lines from CITI Bank
* Maximum Line of 3.5 crore
* Suitable for Letter of Credit, Bank Guarantee and Forward ContractsEligibility
* Any Business with a turnover of above Rs. 44 lakhs
* Business organised as sole proprietorship, partnership or Private Limited CompanyHow to Apply
* Visit to CITI Bank’s branch in your city and meet CITI Bank’s representative for a loan approval or apply Online.
Sources : https://www.online.citibank.co.in/