With Citibank, the Australian property market is right on your doorstep. Our super-fast application process offers minimal paperwork and will even recognise income gained from a number of sources. As a truly global bank, you can keep track of your Overseas Borrower Loan and transfer funds free online, anytime. And with representation in over 100 countries, you'll have 24/7 access to your loan account through our worldwide ATM network.
Non-Australian Citizens and Non-Permanent Residents
Before you apply for one of our loans, you'll need to obtain permission to buy Australian property from the Foreign Investment Review Board - details of which can be found on the Australian Treasury website. It's a simple process that usually takes under three weeks. As a Non-Australian Resident, you can only to buy an investment property in your name - not in the name of your company.
You'll need to:
To provide a copy of your Foreign Investment Review Board (F.I.R.B.) concession and evidence of your 25% deposit
Provide an electronic pay slip from your employer or a letter from your employer on their letterhead confirming your income (translated into English) and complete a Declaration of Income form
Or if you're self-employed, have your accountant complete an Account Declaration form conforming your income. In addition, you will need to provide business financials for two years (translated into English)
Provide bank statements for at least three consecutive months
Appoint an agent (not your mortgage broker) to act on your behalf while overseas
Check with us that your country of residence is listed as an acceptable domicile
Pass a Citibank Australian Credit Bureau check
Three steps to finding the best loan
Begin by telling us what you're looking for, and we'll show you the best loans we have for you. Then just send us your details and one of our mortgage specialists will look after you from there. Alternatively, you can view our entire range of loans. And at any stage, you can click though and arrange for one of our mortgage specialists to do the rest.
