CITIBANK STANDARD OFFSET MORTGAGE

Save on interest and time,
without spending a dollar.

Save on interest and time, without spending a dollar.
Citibank Standard Offset Mortgage

Citibank Standard Offset Mortgage

A home loan that's all about savings.

With the Citibank Standard Offset Mortgage, you can use your savings to offset your home loan, which means you'll save on interest charged. And with less interest to pay, you'll be able to pay your home loan off sooner, freeing you from your mortgage earlier.

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Benefits

With a Citibank Standard Offset Mortgage you have the choice to:

  • have the freedom to make lump sum payments on the loan
  • if you have fixed loan split, you can make additional repayments of up $1,000 per payment cycle, or increase their regular repayments by up to $1,000 per payment cycle1
  • enjoy up to five years of interest only3, on fixed or variable loans
  • split your loan with another home loan product
  • redraw available funds.
Features

Features

Interest rate Variable
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 capitalisation2
Discount rate available Yes - Arrange to meet with your Citibank Mortgage Specialist now
Option of Interest-only repayments? Yes – for a maximum of 5 years3
Additional repayments Yes - for the variable portion of the loan at any time without penalty1
Redraw Yes - for variable portion of your loan
Split accounts Yes - up to 4 accounts with a minimum split amount of $20,000 per account. Please also note that an offset benefit will only apply to the first offset loan. Only one offset split is allowed per loan facility.
ATM and cheque book access Yes - on your offset savings account
Loan combination / splits Yes - can be combined with Mortgage Power, Standard 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
Application Fee $399
Annual Package Fee $0
Settlement Fee $250
Account Keeping Fees $8 p/m per account

Getting started.

Get more for your dollar by using your savings to offset your loan - helping you to save on interest and time with a Citibank Standard Offset Mortgage.

  • Contact Us

    • Find a Mortgage Specialist near you
    • New Customers, call us on 1300 361 922
      (Mon to Fri, 9am to 5pm AEST)
    • Changes to your Home loan, call us on
      1300 131 127 (Mon to Fri, 9am to 5pm AEST)
    • Contact your mortgage broker.
  • Citibank Mortgage Plus package, Step into your new home sooner.

Important information:

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.

  1. Without penalty, customers with fixed loan split can make additional repayments of up $1,000 per payment cycle, or increase their regular repayments by up to $1,000 per payment cycle.
  2. 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.
  3. Interest only repayment option only available to loans secured by an investment property.
  4. Standard Variable Offset and interest only repayment option are not available for non resident loans or loans where income declared for loan assessment is in a foreign currency.

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