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Citi Bank Mortgage Loans in Chennai

Citi bank offers mortgage loan which is the best solution to fulfill your financial requirements on time. Citibank offers special features for mortgage loan with flexible repayment options which ensures giving you wonderful experience in borrowing and repaying it without any hassles or tension.

Features of Mortgage loan from CitiBank

  • Loan is offered to both salaried and self-employed individual
  • Applicants can apply for both commercial and residential purpose mortgage loan
  • The repayment period is flexible with less interest rate for up to 15 years
  • This is a secured type of mortgage loan with attractive interest rate
  • The loan can be used for any purposes such as purchase of machineries, purchase of commercial property, to buy new property, close high cost existing debts and many other purposes
  • Loan can be raised up to R.5 crores however it depends on the asset or property's current market value and percentage of loan offered on the total value which is up to 70%
  • Quick processing of application form and evaluation of property to be mortgage

Eligibility for Mortgage loan

  • Both salaried and self-employed can apply for mortgage loan
  • Sole proprietors, HUF, private limited companies and partnership firms can also apply for mortgage loan
  • The applicant must be minimum of 23 years and maximum 65 years

Documents Required for Applying Mortgage Loan

  • Completely filled application form with applicant signature
  • Photograph of the applicant
  • Age proof to be provided such as PAN card, passport, driving license
  • Identification proof such as voters ID, PAN card, ration card, driving license
  • Signature proof
  • Residence address proof such as electricity bill, recent telephone bill, ration card
  • Business address proof if self-employed such as tax receipt, trade license
  • Salaried applicant need to provide salary slip for last 2 months
  • Work continuation proof such as office identity card, salary credited bank statement
  • IT return and Form 16 should be provided if salaried
  • For companies or partnership firm, must provide memorandum and articles of association
  • Incorporation certificate and CA certificate of all directors and shareholders of the firm