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Citibank Car Loan in Chennai

Citibank Car Loan in Chennai

Last Updated : May 12, 2017, 5:57 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

ParticularsDetails
Interest RateAs per bank’s norms
Loan amountCustomized
Tenure1 year to 4 years
Processing feeAs per bank's norm
Pre- payment charges3% 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
ChennaiNo. 2, Club House Road, Chennai - 600002CITI00000036000370021800 180 2484/ 28460014/ 044-42274419

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