It's the complete financial package: Your choice of any of our mortgage products, plus a Citibank Gold Visa Card2 packed with benefits - all for one annual fee.
Up to 0.50%1 discount off our Standard Variable interest rate or Mortgage Power rate for the life of the loan
Zero monthly account-keeping fees on your mortgage
Zero annual fee on the Citibank Gold Visa credit card - save $119 annually2
Zero additional cardholder fee on the Citibank Gold Visa credit card - save $30 each year2
Free membership to the Citibank Gold card Rewards program3
Free International Travel Insurance up to $500,0004
Setup fees waived for additional loan accounts on your mortgage
The choice to split your mortgage into separate accounts, separating your personal and business investments5
The choice to switch to another eligible Mortgage Plus mortgage product or interest rate, at any time, free of charge6 - a saving of $300 per change.
Package eligibility
1. Loan facility of at least $200,000 2. A minimum annual gross income of $35,000 p.a. for the primary borrower 3. Personal borrowers only (excludes overseas borrowers).
Mortgage products that qualify
Standard Variable Mortgage, Standard Offset Mortgage, Standard Fixed Rate loan (as part of a combination with another qualifying product) Mortgage Power. Please note no discount applies to the fixed interest rate portion
Product combination
Any combination of all eligible product types available under the package fee
Yes - up to 4 accounts with a minimum split amount of $20,000 per account
Type of credit card available
Citibank Gold visa credit card
Credit card rewards program
Yes3
Mortgage application fee
Nil
Credit card annual fee
Nil
Annual package fee
$350 per annum. Irrespective of the number of loan accounts (up to a maximum of 4 within the facility). Payable upfront.
Application Fee
$0
Annual Package Fee
$350 p.a. payable in advance
Settlement Fee
$250
Account Keeping Fees
$0
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 full details on Mortgage Plus, we invite you to arrange a meeting with one of our Mortgage Specialists right now.
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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Additional Benefits
Of course, the other big plus is your Citibank Gold Visa Card2. As part ofthe package, your annual Credit Card and additional cardholder fees are waived, saving you an extra $149 every year2.
Plus you receive complimentary membership to our popular Rewards Program3,earning you 1 Reward point for every $1 spent on purchases, including the option to redeem your Rewards points directly for flights, accommodation and car hire. And unlike some other rewards programs, your points will never expire.
Add to this complimentary International Travel Insurance4 for the whole family and a range of exclusive upgrades, benefits and discounts for hotels, services, restaurants and shops - both here and overseas - and you have the whole package.
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.
And if you are a first home buyer, we've got just the thing for you. Citibank's First Home Buyers Guide takes the mystery out of getting a foot in the door of the property market.
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.
We're passionate about making the entire mortgage experience easier. That's why we offer a suite of flexible options, competitive rates, dedicated support and faster turnaround times. With Citibank, you've made a great move.
