Citibank Car Loan in Chennai
Last Updated : May 23, 2017, 2:54 p.m.
About Citibank Car Loan in Chennai
To help the commercial vehicle drivers, Citibank has proposed a commercial vehicle loan, wherein the borrower can use the funds to purchase the used or new vehicle. However, this loan product is available only for the eligible candidates. Read the article below to know about the product.
Citibank Car Loan in Chennai at a Glance
| Particulars | Details |
|---|---|
| Interest Rate | As per bank’s norms |
| Loan amount | Customized |
| Tenure | 1 year to 4 years |
| Processing fee | As per bank's norm |
| Pre- payment charges | 3% of the outstanding amount |
Eligibility Criteria
The Citibank provides commercial vehicle loan after evaluating individual’s profile. It has set certain criteria to determine the suitability. The car loan eligibility criteria are:
- The minimum age of the applicant should be 18 years and maximum 65 years
- The applicant must earn suitable income
- The loan is provided to eligible segments and they are – Auto Carrier, transportation, school, construction, quarry, road & bridge, tours & travels, agriculture
Documents Required
In order to avail the benefit of consumer vehicle loan, the individual needs to submit the following documents:
- Application Form
- Fleet/ Equipment list signed by the applicant
- RC Copies/ Invoices/ Insurance Cover Note Copies for assets owned by the applicant/ group
- Any other information requested by the visiting officer
- Self- Attested copies of – Voter ID, PAN Card, Drivers License, Passport, Bank Passbook, utility bills ( electricity bills, telephone bill), Partnership Deed
For further details refer, Car Loan Chennai
Address of Citibank Branches in Chennai
The branch address, IFSC Code, MICR Code and customer care details of Citibank branches located in Chennai are mentioned in the table below:
| Branch Name | Complete Address | IFSC Code | MICR Code | Contact Number |
|---|---|---|---|---|
| Chennai | No. 2, Club House Road, Chennai - 600002 | CITI0000003 | 600037002 | 1800 180 2484/ 28460014/ 044-42274419 |
