Citibank Fixed Rate Mortgage
Protecting your peace of mind.
A Citibank Fixed Rate Mortgage allows you to maintain full control and peace of mind. Your interest rate stays fixed, which means your repayments stay the same each month, giving you peace of mind and the ability to budget.
We fix the interest rate at the time of application for a period of 60 days, giving you plenty of time to get your application approved, without having to worry about any rate rises that may occur in between. And, we allow you to make additional payments of up to $1,000 per month without penalty, so you can move forward on your repayments while your rate remains the same.
With a Citibank Fixed Mortgage you can enjoy:
- A fixed rate, keeping you in control of your repayments.
- A free 60-day rate lock1, fixing your rate from application for up to 60 days.
- Making additional payments of up to $1,000 per payment cycle without penalty2.
- A wide variety of fixed terms, from only six months to five years.
|Minimum loan amount||$250,000|
|Maximum loan amount||$4 Million|
|Loan term||Maximum 30 years|
|How much of property value can I borrow?||Up to 90% plus LMI premium capitalisation4|
|Option of Interest-only repayments?||Yes – for a maximum of 5 years3|
|Additional repayments||Break charges apply for any additional repayments greater than $1,000 per month2|
|Redraw||Not available for fixed portion of your loan|
|100% Offset option||No|
|Split accounts||Yes - up to 4 accounts with a minimum split amount of $20,000 per account|
|ATM and cheque book access||No|
|Loan combination / splits||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|
If you're the kind who prefers peace of mind, from application to approval and beyond - stay in control with fixed rates, and set repayments with a Citibank Fixed Rate Mortgage.
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.
^^Comparison Rate calculated on a loan amount $150,000 over a term of 25 years based on monthly repayments.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
- Fixed rates quotes are held 60 days from the day the application is submitted. If settlement occurs after the 60 days, the prevailing fixed rate will apply.
- Without penalty, customers can make additional repayments of up to $1,000 per payment cycle or increase their regular repayments by up to $1,000 per payment cycle.
- Interest only repayment option only available to loans secured by an investment property.
- Lenders Mortgage Insurance is applicable for loans with an LVR over 80%, unless the option LVR between 80.01%-85% (Without LMI) is selected. Loans with LVR between 80.01%-85% (Without LMI) are not available to non resident loans or loans where income declared for loan assessment is in a foreign currency. For all loans over LVR 80% principal and interest repayment is required.
- Interest only repayment option are not available for non resident loans or loans where income declared for loan assessment is in a foreign currency.
© 2017 Citigroup Pty Limited. All rights reserved. ABN 88 004 325 080, AFSL No. 238098, Australian credit licence 238098. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world.