It's the complete financial package! With just one low annual package fee1, Mortgage Plus offers exceptional value.
Available for loans of $150,000 or more2, our Mortgage Plus home loan package combines your choice of a Citibank Home Loan with our exclusive Citi Platinum Credit Card3 and Citibank Plus Transaction Account4. Enjoy the convenience of a single package with all your banking needs - and receive great savings.
$350p.a.1, irrespective of the number of home loan accounts (up to a maximum of 4 within the facility). Payable upfront.
Settlement fee
$250
Home Loan application fee
Nil
Home Loan account keeping fee
Nil
Citi Platinum Credit Card annual fee
Nil
Citibank Plus Transaction Account monthly fee
Nil
Citibank Global Transfers fee
Nil
Application Fees (per facility)
Fee Type
Fee
Comments
Application Fee
$399
Payable on or before settlement and includes the cost of the valuation fees to the value of $500.
'Mortgage Plus' Package Fee
$350
Payable on or before settlement and then payable annually on the anniversary of entering into the package. When taken with a new facility, the application fee is not payable.
Settlement Fee
$250
Payable, on or before settlement, to Citibank's solicitor(s) for attending settlement and completing all Land Title Office (LTO) requirements.
Additional Valuation Fee
Cost to be determined
Payable for the cost of the valuation above $500.
Citibank Legal Fees
Cost to be determined
Customer(s) to pay legal fees where a commercial property is offered as security and the facility amount is greater than $400K.
Company/ Third Party Fee
$150
Payable if the application has a company or third party providing security. Cost is per company and/or third party.
Non Standard Security Fee
$250
May be payable if the offered security is not a standard security type.
Additional Property Legal Fee
$150
Payable, per property, if more than one security is offered per facility.
Construction Loan Fee
$790
This fee includes the application and establishment fee plus any additional valuation fees.
Excess Cheque Fee
$10
Payable per bank cheque, which is requested for disbursement of funds at settlement, if greater than 5 are requested.
Other Fees - payable on or before settlement (per facility)
State government fee(s), which varies from state to state.
Tips on how to avoid fees and charges
Check your account balances regularly via an ATM, Telephone Banking or Internet Banking to ensure there are sufficient cleared funds available to make scheduled payments
Ensure sufficient funds are available in your loan account prior to writing a cheque, to avoid overline fees.
Avoid Statement Request Fee by retaining copies of your statements in a safe place or by retrieving your statements via Internet Banking (Citibank Online)
Always make your repayments by setting up a direct debit (Easipay) to your Standard Mortgage or direct salary credit to your Mortgage Power accounts to avoid overdue payment fees.
For more information about Citibank's flexible Mortgage Plus home loan package, please contact one of our experienced and professional Mortgage Specialists, or your mortgage broker.
Citibank Loan Protection Insurance gives you the option to cover your loan repayments against disablement or death, to a maximum of $300,000. It offers you Death Cover Only or Death and Total Disability Cover, so you can select the protection that best suits your needs. Cover is available for up to two borrowers.
Eligibility
You are eligible to apply for Loan Protection Insurance if you are between, and inclusive of 21 and 59 years of age. You must work a minimum of 20 hours per week to be eligible for the Disablement Cover Option.
Benefits
Exclusive to Citibank Mortgage customers: First 30 days Cover free!
How to apply
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Buying your first home? Or thinking of investing in property?
If you're a first home buyer, or you're thinking of investing in property, we'll provide just the thing for you. We have helpful information guides that take the mystery out of buying your first home or investment property:
You'll receive the personal attention of a dedicated Citibank Mortgage Specialist. They will guide you through the entire process - from structuring the Citibank mortgage that's right for you, through to handling the loan approval process.
If you're new to home buying they can even organise the First Home Owners Grant on your behalf.
We're always here for you. From round-the-clock secure online access to your mortgage account to our team of trained telephone support staff, you'll find our service hard to beat.
