Citibank Mortgage Plus Standard Variable >$750K
Posted August 3rd, 2010
and last modified January 31st, 2012
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
When you borrow more money you will have to pay more interest. With the more money that you owe to the provider more funds are charged with interest. So if you borrow more money you should be rewarded with a lower interest rate. The Citibank Mortgage Plus Standard Variable >$750K home loan is a home loan that rewards you for borrowing more. This article will explain what the features of the Citibank Mortgage Plus Standard Variable >$750K home loan are and how they can help you.
Features of the Citibank Mortgage Plus Standard Variable >$750K
The Citibank Mortgage Plus Standard Variable >$750K home loan has a few features that are designed to help you be a bit more flexible. The features of the Citibank Mortgage Plus Standard Variable >$750K home loan are:
- Who is suited to this loan? The Citibank Mortgage Plus Standard Variable >$750K home loan is not suited to all people. The Citibank Mortgage Plus Standard Variable >$750K home loan is suited to either people that are investing or people who wish to become owners.
- Borrowing conditions. The Citibank Mortgage Plus Standard Variable >$750K home loan allows you to borrow between $750,000 and $4,000,000. You will have 30 years to pay of the loan and you will have to provide a deposit of 20% to avoid paying the lenders mortgage fees. You will be able to borrow up to 85% of the loan to value ratio if you pay lenders insurance fee that is offered by the Citibank Mortgage Plus Standard Variable >$750K home loan.
- Extra repayments. One of the features that will give you flexibility on your loan is the ability to make additional repayments. The Citibank Mortgage Plus Standard Variable >$750K home loan allows you to make any additional repayments that you would like for no extra charge. By using this feature you can pay off your loan faster and reduce the amount of interest that you pay in the one go.
- Redraw facility. If you do make additional repayments and need extra money you will be able to use the Citibank Mortgage Plus Standard Variable >$750K home loan redraw facility. This facility allows you to take this money out for no extra cost. While you will be adding to the value of your loan you will have still received the lower interest charges while the money was in the loan account.
- Fees. The Citibank Mortgage Plus Standard Variable >$750K home loan comes with no upfront fees other than the $250.00 annual fee. However, when you exit the loan you will have to pay a settlement fee of $250, a service fee of $350 and an exit fee of $300.
When you borrow a lot of money you usually have to pay a lot in interest. However, the Citibank Mortgage Plus Standard Variable >$750K home loan offer people who are borrowing above $750,000 a discounted interest rate with the loan. In addition to the interest rate, the Citibank Mortgage Plus Standard Variable >$750K home loan also comes with a variety of features that will help you pay off the loan in the way that you like. With the low interest rate and the added flexibility the Citibank Mortgage Plus Standard Variable >$750K home loan is hard to pass by.
Read the Citibank Mortgage Plus Standard Variable >$750K terms and conditions.
| Minimum Loan Amount | $750,000 | |
|---|---|---|
| Maximum Loan Amount | $4,000,000 | |
| Maximum LVR | 85% | |
| Maximum Insured LVR | 85% | |
| Mortgage Offset Account | No | |
| Loan Redraw Facility | No | |
| Split Loan Facility | No | |
| Fixed Interest Option | No |
| Interest Rate Type | Fixed | |
|---|---|---|
| Interest Rate | 6.67% | |
| Comparison Rate | 6.99% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $0 | |
|---|---|---|
| Service Fee | $250 |
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher​ | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
Ask A Question About This Product