Citibank Nigeria Limited Instant Loans without Collateral: How To Apply

Many individuals are creative and come up with great business ideas. However, most often those ideas do not come into reality because of the lack of money to fund them. 

If you are one of these individuals, who already have a large enterprise and need a little boost,  then you should breathe a sigh of relief because there is hope. 

Citibank Nigeria limited offers instant loans necessarily requiring collateral to most business enterprises just like yours.

The main objective of Citi bank Nigeria is to provide different business financing services. 

Citi bank Nigeria primarily aims at business and corporate banking and provides world-class class monetary outcomes in the process.

Article Road Map

What Kind Of Loan Services Does Citibank Provide?

Citibank provides funding and various types of business loans.

Banking on Corporations and Investments

Citi can help Nigerian businesses expand both within and outside of the country by leveraging its global network. 

Citibank Nigeria’s corporate and investment banking division is an important one. In this case, the bank serves as a strategic finance adviser, providing a variety of finance products along the way.

 Corporate finance, acquisition finance, project finance, structured finance, working capital finance, and investment banking are among the services available.

Solutions for Trade

Citi can offer a variety of trade financing products to your company. 

Term financing, letters of credit, bills for collection, and bank guarantees are all products that the bank can provide. 

Citi also has a world-class supply chain financing program that allows businesses to benefit from balance-sheet optimization and increased access to alternative finance — all while taking advantage of the bank’s fully automated processing platforms.

What Are The Requirements To Apply For An Instant Loan At Citibank Without Collateral? 

Unlike other commercial banks in Nigeria, Citibank generally does not fund small and medium-sized enterprises (SMEs). 

Citi focuses on larger businesses or corporate organizations, many of which have international operations. 

Foreign companies looking to do business in Nigeria may fall into this category.

Citi has general lending criteria as well as product-specific criteria.

Loans will only be granted to companies that can realistically repay any borrowed funds, as demonstrated by a profitable business (that generates some cash flow).

In addition to being profitable, having a business with a good credit history is essential. 

Citibank is unlikely to lend to businesses that have previously failed to meet their debt obligations.


  • Having a business or company registered with the Corporate Affairs Commission (CAC)
  • Having a corporate or business bank account that has been trading for a while (1-3 years minimum)
  • A good credit bureau report is required, with no unpaid obligations or bad debt.
  • Being an active bank customer.
  • The business must be registered. Citi will only be able to lend to registered businesses. Businesses that are not registered are ineligible for business funding.

Now let us consider the actual question which is;

How To Apply For Citibank Instant Loan With Collateral.

Before you attempt to apply for a business loan, it’s a good idea to look over some of the bank’s finance products to see if they’re a good fit for your company and if you meet the minimum funding requirements.

You can inquire about their financing by phone or email.

All loan applications are typically submitted in person at a Citibank branch. Citi has offices in major economic hubs here in Nigeria like Abuja, Kano, and Lagos.

Any loan application will typically require you to fill out a form outlining your trading history and the purpose of the loan. 

In some cases, you may be asked to provide supporting documentation, and then the requirements and guidelines will be used to determine your success on your application.

After going through your application and its approval, Citibank will hand you an approval letter. 

These approval letters specify the terms and conditions that accompany a loan and also the procedure for loan allotment.

Below is a list of the important documents you may need that will be requested before the loan is given.

  • A Completed application form
  • Company profile
  • Complete Business plan
  • Cash  budget
  • Bank statements for over one year.
  • Audited financial accounts
  • Certificate of Incorporation
  • Valid means of identification like a driving license, passport, voters card, etc
  • Proof of address

Note that the amount of credit you want determines the document you are asked to bring. 

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As mentioned earlier, Citibank does not provide instant loans with no collateral for small businesses but rather deals with large-scale enterprises. 

So if you are a large enterprise and you need a little financial push, you can follow the procedures outlined above and apply for it, and help pave your way to more financial success. 

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