Citibank Home Loans
Citibank needs no introduction to home buyers as it is readily recognised around the world as a powerful financial institution. Because of their position in the top echelon of world banking, Citibank can offer the Australian home buyer a wide range of home loans – mortgage loans which are tailored to suit every type of situation. This includes loans for:
- First home buyers.
- Property investors.
- Refinancing.
- Self employed borrowers.
- Overseas buyers.
- Existing customers.
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Citibank Standard Variable Offset Loan |
An linked offset account to help consolidate your loans | 7.62% | 7.75% | $399 / $8 | 85% | $50,000 / $4,000,000 |
 
|
Citibank Basic Variable Home Loan |
A great no frills loan for first home buyers | 7.40% | 7.45% | $399 / $0 | 90% | $50,000 / $4,000,000 |
|
Citibank Fixed Rate Loan |
A secure loan to keep your interest rate protected | 6.25 (3 Year)% | 7.35% | $399 / $8 | 90% | $50,000 / $4,000,000 |
|
Citibank Standard Variable Loan |
A low interest variable loan with flexible features | 7.62% | 7.75% | $399.00 / $8.00 | 85% | $50,000 / $4,000,000 |
|
Citibank Mortgage Plus Mortgage Power $200-$500K |
Free redraw online and a discounted interest rate | 6.87% | $399 / $350.00 | 85% | $200,000 / $499,999 |
|
|
Citibank Mortgage Plus Mortgage Power $500K to <$750K |
Zero account keeping fees and bonus interest rate discount | 6.82% | $0.00 / $350.00 | 85% | $500,000 / $749,999 |
|
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| Citibank Mortgage Plus Standard Variable >$750K |
Enjoy a discounted interest rate of up to 0.70% | 6.67% | 6.99% | $0.00 / $250.00 | 85% | $750,000 / $4,000,000 |
|
Citibank Mortgage Plus Standard Variable Offset $200K <$500K |
Redraw entirely free of charge online | 6.59% | 6.91% | $0.00 / $350.00 | 80% | $200,000 / $499,999 |
|
| Citibank Mortgage Plus Standard Variable Offset >$750K |
Receive up to 0.70% variable rate discount | 6.67% | 6.99% | $0.00 / $350 | 85% | $750,000 / $4,000,000 |
|
Citibank Mortgage Power |
Instant access to your equity and option of seven years interest only | 7.99% | $399.00 / $12.00 | 90% | $50,000 / $1,000,000 |
|
In fact, regardless of your individual circumstances, there will be a home loan at Citibank Home Loans to satisfy your needs and your budget. All borrowers can compare and choose from the following loans:
The Citibank Home Loans Basic Mortgage is a low variable interest rate mortgage loan which includes the benefit of being able to make additional repayments whenever you have the extra funds available. Making additional repayments to your mortgage will directly reduce the principle amount owing on your loan, and in turn reduce the term of your loan and the interest you have to pay.
You can also redraw these additional repayments if you find you need them later in an emergency. Additional repayments and redraw are important features if you are looking to pay off your home loan sooner, but still want a simple and affordable loan, because these features are some of the most basic features of Australian home loans, and you are not charged to use them.
There are also no account keeping fees to worry about for the life of the loan. You can also opt for interest only repayments for up to five years if you are buying an investment property, or you simply want to reduce your monthly expenses for a while.
Rising interest rates are always at the forefront of a home buyer’s mind when choosing a mortgage. The Citibank Home Loans Fixed Mortgage can solve this worry for you by allowing you to fix your interest rate for a term between six months and five years. You are also allowed to make up to $1,000 in additional repayments each month which is a unique feature on a fixed interest rate home loan.
The Citibank Standard Mortgage gives you a wide range of options, as it can be taken out at a variable or a fixed interest rate, depending on your requirements, and the interest rate environment at the time. You can also split the standard mortgage into one portion with a fixed interest rate and the other with a variable interest rate. The fixed portion can remain fixed for up to five years after which it will revert to the standard variable interest rate, or you can negotiate a further fixed period. With a split loan you enjoy the stability of a fixed portion of your monthly repayments if rates go up, but you can still enjoy the flexibility and freedom of the variable rate portion if rates go down.
The Standard Mortgage from Citibank Home Loans also includes an offset savings account which links to your home loan. Keep your income and other savings in your offset account throughout the month and you will reduce the amount of interest charged on your home loan every day.
You will also be able to make additional repayments, and access the payments again using the redraw facility.
The Citibank Home Loans Standard Offset Mortgage is the ideal home loan for home buyers who want to link their savings to their home loan to achieve a 100% interest rate offset against the interest being paid on the home loan account. This means for every interest dollar earned by the balance held in your offset savings account, that is one less dollar in interest you will have to pay for on your home loan. Interest is calculated on your home loan and your offset account daily, so no accumulation of interest will ever show on your savings, as it is automatically offset in your home loan account. Then, since you are only taxed on interest you earn, not interest you’ve saved, your savings are put to much better use in an offset account than in a high interest savings account where your interest income would be taxed.
Mortgage Power
You will be able to access your funds any time you need them with the Citibank Mortgage Power Home Loan that incorporates a revolving line of credit up to an agreed credit limit, secured by the equity you hold in your property. You will be able to withdraw and pay back any amounts up to the agreed limit, much as you do with your credit card, except that the interest charged for doing so will be at low home loan rates.
The Mortgage Power option can be combined with any variable or fixed interest rate contract. This loan also carries with it a seven year interest only option if you wish to take advantage of it, plus the loan is portable, meaning it can be transferred to another property if you wish to sell and buy again, without having to pay high exit and refinancing fees.
Mortgage Plus
The Mortgage Plus plan is a complete financial package, with just the one low fee to cover all the features you are getting. You will receive significant savings on all loans of $150,000 or more and you can choose to include the Citibank Platinum Credit Card as well as a Citibank transaction account to make all your future banking needs a breeze by having them all in one place, and enjoy great package discounts.
Why Choose a Citibank Mortgage?
All Citibank mortgages can be set up with an interest only period, in some cases up to seven years, for investment purposes or to save on repayments. You can also choose to split your Citibank loan to take advantage of more features and you can split up to four times.
Most Citibank home loans will also allow you to add the mortgage Plus package, which includes:
- A discounted interest rate for the life of the loan.
- A fee waiver of the account keeping fees on your loan account.
- Free online redraw facilities.
- A Citibank platinum credit card with an annual fee waiver for the life of the loan.
- A Citibank transaction account, which includes free global transfers, with no account keeping fees.
Related Resources
- Citibank Basic Home Loan
Most basic home loans are able to offer competitive rates and low fees because they don’t offer much else – the Citibank Basic Home Loan is the exception in being a feature packed mortgage option with a low rate to help you repay your loan sooner. - Citibank Fixed Rate Loan
Citibank are well known in Australia for their credit card products and as a Citibank mortgage customer you can expect the same inclusive service and easy to use financial products when it comes to one of the biggest investments you will ever make. - Citibank Mortgage Plus Mortgage Power $200-$500K
- Citibank Mortgage Plus Mortgage Power $500K to <$750K
- Citibank Mortgage Plus Standard Variable >$750K
- Citibank Mortgage Plus Standard Variable Offset $200K <$500K
- Citibank Mortgage Plus Standard Variable Offset $500K <$750K
- Citibank Mortgage Plus Standard Variable Offset >$750K
- Citibank Mortgage Power
- Citibank Standard Variable Loan
To help you compare standard variable rate mortgages available, find out more about the features of the Citibank Mortgage, or contact Home Loan Finder and we can help make sure you secure the lowest possible interest rate on your home loan, no matter who the lender. - Citibank Standard Variable Offset Loan
Find out more now about how the Citibank Standard Variable Offset Mortgage can save you money without out you having to go without any luxuries.
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