Citibank Mortgage Plus Standard Variable Offset $200K <$500K
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
Many home loans will come with some features but will not have the others. Other home loans may come with many features but you end up paying more money on fees or the interest rates. However, there are some home loans that offer all the great features you would like on a home loan plus a low interest rate. The Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan is just one of those loans that will offer you all you would like in the one loan package. This article will explain what the features of the Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan are and how they can save you money.
Features of the Citibank Mortgage Plus Standard Variable Offset $200K <$500K
The Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan come with a variety of features that will help you save money and add flexibility to your loan. The features of the Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan are:
- Borrowing conditions. The Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan will allow you to borrow between $200,000 and $499,999. You will have 30 years to pay off the loan if you would like and you will have to provide a 20% deposit to secure the loan with lenders mortgage insurance.
- Make extra repayments and redraw the money if needed. The Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan adds flexibility to your loan by allowing you to make additional repayments when you are able to. The Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan is also handy in that it allows you to withdraw the extra repayments at anytime.
- 100% mortgage offset. A mortgage offset account is an account that is offered with some home loans. The money that is in the account will be offset onto your loan when the interest is calculated. This means that when the interest is calculated to offset account will act as if the money is on the loan. Therefore, the interest that is charged to the account will be reduced. The Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan offers a 100% offset account.
- Split the loan. You can split the Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan with another loan product if you would like to. Many people will split the loan with a fixed interest rate portion so that half of the loan is fixed and half is at the variable rate.
- Fees. The fees that are charged with the Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan are few and far between. You won’t pay any fees throughout the life of the loan apart from the $350.00 service fee.
The Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan is a great loan package that has everything. The Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan offers you a loan with a low interest rate and low fees. Furthermore, the Citibank Mortgage Plus Standard Variable Offset $200K <$500K home loan comes with a variety of features that will help you save money and give you the flexibility that you want with a loan.
Read the Citibank Mortgage Plus Standard Variable Offset $200K <$500K terms and conditions.
| Minimum Loan Amount | $200,000 | |
|---|---|---|
| Maximum Loan Amount | $499,999 | |
| Maximum LVR | 80% | |
| 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 | 6.59% | |
| Comparison Rate | 6.91% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $0 | |
|---|---|---|
| Service Fee | $350 |
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