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How To Get CitiBank Business Loan, Here Are The Required Documents And Application Process

Last updated on August 6th, 2023 at 06:37 am


CitiBank is a global financial institution with its branches across the World including Nigeria where it provides credit facility to businesses.

But one thing about CitiBank Nigeria is that its branches are strategically located in a few commercial state capitals.

One thing that comes to mind is: How can I get a business loan at CitiBank Nigeria. We’ll tell you more about how Citibank credit facility works.


The bank doesn’t grant a loan to all kinds of business, only businesses that have a global presence and that guaranty dependable return.

CitiBank branches in Nigeria

To access a loan at Citibank, you can visit any of its branches in the following cities:

  • Lagos
  • Abia,
  • Delta,
  • Abuja
  • Kano,
  • Rivers

Its headquarters is at 27 Kofo Abayomi Street, Victoria Island, Lagos.

Types of business loans at Citi Nigeria

This bank doesn’t provide loan for a startup, here is the list of business credit facility available for big businesses that might be interested in sourcing for finance to boost their business:

They are:

  • Trade Solutions
  • Corporate and Investment Banking
  • Corporate finance,
  • Acquisition finance,
  • Working capital finance
  • Investment banking
  • Project finance,
  • Structured finance,

We’ll focus on the first two as the rest falls under corporate and investment banking.

Corporate and Investment Banking

This kind of loan allows businesses to leverage Citi’s global network to support expansion plans within and outside Nigeria.

Also Read:  EcoBank Loan You Can Apply For Your Business, Here Are The Requirements

How does this work?

The bank acts as a strategic finance adviser by offering a number of finance products along the way.

Trade Solutions

These are also called trade financing products in citi group. Some of the products under this credit facility include:

  • Term financing,
  • Letters of credit,
  • Bills for collection
  • Bank guarantees.

Why you should consider CitiBank Financing

Companies have the privilege to tap into some of the benefits from balance sheet optimization and increased access to alternative finance.

They can also access the efficiency benefits of the bank’s fully automated processing platforms.

The bank is global

Qualification Requirements for Citibank business loan

Requirements to access business loan at CitiBank Nigeria are:

  • Evidence of business registration with the Corporate Affairs Commission (CAC)
  • Evidence of corporate bank account
  • Company must have been trading for at least three years.
  • Evidence of good Credit report, no bad debt.
  • Must be an active customer of the bank

How to apply:

If you fufilled the conditions above, it’s time to submit your loan application at any of the citi bank close to you, here is how to go about it:

Step 1: Review the best credit facility for your business

Step 2: Visit the Citibank Nigeria branch

Step 3: Collect and fill the loan application form

You will need the following documents to begin your loan application:

A checklist of important documentation, that may be requested includes:

  • Company profile
  • Business plan
  • Cash flow budget
  • Bank statements (12 months)
  • Audited financial accounts
  • Certificate of Incorporation
  • Valid means of identification (driving license, passport, voters card)
  • Proof of address
  • Details of collateral offered (if any)
Also Read:  13 Eligibility Requirements To Get Loans In Nigeria

Do I need to provide collateral?

The size of your loan is the determinant. If you’re applying for a bigger loan, then you might need collateral which may include:

  • FGN Bonds,
  • FGN Eurobonds,
  • FGN Treasury Bills,
  • Physical assets
  • Third party guarantors

What’s the repayment mode?

Repayment plans can be structured to suit your business needs.

What is the interest rate of Citibank business loan?

The interest rates applied to differ in accordance with the products. Also, of importance is your company trading history. All these put together determines the interest rate


  • Citibank business loan isn’t designed for smaller businesses or SMEs.
  • Citi group focuses on larger businesses or corporate organizations
  • It focuses on businesses with international operations like foreign companies looking to do business in Nigeria
  • CitiBank business loan is designed for registered companies. Application of unregistered businesses will not be honoured.

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2 thoughts on “How To Get CitiBank Business Loan, Here Are The Required Documents And Application Process”

  1. Pls sir it is possible to join the next stream for physical verification. I was unable to do physical verification becos I was admitted at the hospital. Pls reply

  2. Nangap Reuben Philemon

    Type here..I am Nangap Reuben Philemon . Please Sir’s my problem is that my cored date of birth is 8/6/1990 is not 6/8/1998

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