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.
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.
|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|
|Annual Package Fee||$0|
|Account Keeping Fees||$8 p/m per account|
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.
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 payment cycle, or increase their regular repayments by up to $1,000 per payment cycle.
- 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 only available to loans secured by an investment property.
- 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.
© 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.