Citibank Standard Mortgage
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 only3, 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||$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||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 payment cycle1|
|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 / split4||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 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 Fixed rate quotes are held 60 days from the day the application is submitted. If settlement occurs after 60 days, the prevailing fixed rate will apply.
- 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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