We've set a new standard, and there's nothing standard about it.
Variable, fixed, or a combination of both, there is nothing standard about this tailored home loan. With the Citibank Standard Mortgage, we're giving you the options necessary to create a home loan that meets your requirements, giving you what you need, when you need it.
With a Citibank Standard Mortgage you have the choice to:
- have a variable or fixed rate1, or a combination of both
- benefit from 100% savings offset
- enjoy up to five years of interest only, on fixed or variable loans
- split your loan with another home loan product
- redraw available funds.
|Interest rate||Variable and/or fixed|
|Minimum loan amount||$50,000|
|Maximum loan amount||$4 Million|
|Loan term||Maximum 30 years|
|How much of property value can I borrow?||Up to 90% LVR2|
|Discount rate available||Yes - arrange to meet with your Citibank Mortgage Specialist now|
|Option of Interest-only repayments?||Yes - for a maximum of 5 years|
|Additional repayments||Variable rate - additional repayments can be made at any time without penalty|
|Fixed rate - break charges apply for any additional repayments greater than $1,000 per month1|
|Redraw||Yes - for variable portion of your loan|
|100% Offset option||Yes - available with Standard Variable portion|
|Split accounts||Yes - up to 4 accounts with a minimum split amount of $20,000 per account|
|ATM and cheque book access||Yes - if 100% Offset option selected|
|Loan combination / splits||Yes - Standard Variable can be combined with Standard Fixed and / or Mortgage Power. Standard Fixed can be combined with Standard Variable and / or Mortgage Power, or our Basic Mortgage|
|Can I increase my loan amount?||Yes - learn more|
|Fees and charges||Learn more (Adobe PDF, 37kb)|
|Loan Portability||Yes - you can transfer your loan to a different property|
|Loan Protection Insurance||Yes - learn more|
|Annual Package Fee||$0|
|Account Keeping Fees||$8 p/m per account|
The Citibank Standard Mortgage is all about flexibility and choice, so why not make it your choice for a tailored home loan.
All loans and securities are subject to Citigroup's credit criteria. Establishment and, where applicable, legal fees apply. Terms and conditions apply and are available on request. Fees and charges apply.
- Without penalty, customers with fixed loan split can make additional repayments of up $1,000 per month, or increase their regular repayments by up to $1,000 per month. 1% cash handling fee may be applicable for cash deposits over $500 at National Australia Bank.
- Rates quoted are subject to having Lenders Mortgage Insurance. Lenders Mortgage insurance is insurance that protects the financer in the event of default on home loan payments. It is available up to LVR 90% (inclusive of Lenders Mortgage Insurance premium). Conditions apply.
©2013 Citigroup Pty Limited, ABN 88 004 325 080, AFSL 238098, Australian Credit Licence 238098. Citibank, and Citi Arc design are service marks of Citigroup Inc.