Overview
Gives you the flexibility of a credit line and savings on interest payments.
You've decided on the perfect shophouse or factory. Your next step is finding the right loan. It's a major investment, and naturally you want to ensure the best for your business. That's where Citibank Business Power comes in - it's the loan that offers you the flexibility of a credit line and savings on interest payments. So you can always withdraw your excess payments to lock in on important deals.
Perhaps you already have a loan, but are thinking of expanding your business. Refinancing would be a good idea, providing you with the required cash to do so.
Whether you're buying or refinancing your business premises, Citibank Business Power aims to help you grow your business. Compare us with your existing loan and discover why more people are refinancing with us.
What You Get
Integrated Citibank Business Power account comprising your business premises loan and checking account
Daily interest calculation means every cent you deposit into your Citibank Business Power account works to reduce your loan balance and interest payments
Easy access and freedom to re-use your funds using your Citibank Business Power checkbook
Optional MLTA or MRTA insurance plan to safeguard your business premises
What You Need
Let our Mortgage Officers guide and assist you to make things go smoothly. We would require from you the following documents where applicable:
Current Account Statements for all your Current Accounts for the past 6 month
Loan statements for all your loans for the last 6 months (if any)
The ICs of all directors/partners/sole proprietors/ any guarantor
Memorandum of Articles of Association (if you are limited company)
Form 24 and 49 (if you are a limited company) and latest forms of annual returns
Registration of Business. Form A & D or B & D (if you are a partnership or a sole proprietor)
Audited Financial Accounts for the past 2 years
Certified Accounts for the past 2 years (if you are a partnership or soleprietor)
Income documents (e.g Form J or Form EA) of directors/partners/sole proprietors and any guarantors
Tenancy/Lease Agreement (if property rented to a 3rd party)
Photocopy of Title Deeds
Valuation Report
Sales & Purchase Agreement
Act Now!
For a personalised consultation, please contact our Mortgage Officers at:
