Citibank Mortgage Plus Standard Variable Offset $500K <$750K
Posted August 3rd, 2010
and last modified January 31st, 2012
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- 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
Loans will come a with a variety of features. Many loans will come with the ability to make additional repayments so you are able to pay off your loan faster. Other loans will come with money saving features such as a mortgage offset account and the ability to split the loan, but few loans will offer all of these features with a low interest rate. However, the Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan offers you all of these features in the one loan.
This article will explain all the features that are available with the Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan and how they can help you.
Features of the Citibank Mortgage Plus Standard Variable Offset $500K <$750K
The Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan comes with a variety of features that can help you save money. This section of the article will explain all the features that are available with the Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan:
- Who is suited to this loan. The Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan is suited to nearly everyone. Investors and owner occupiers will be able to take advantage of all the features that are offered with this loan.
- Borrowing conditions. The Citibank Mortgage Plus Standard Variable Offset home loan will allow you to borrow between $500,000 and $749,000. You will have 30 years to pay off the loan, however you will have to pay a deposit of 20% to secure the loan without paying insurance.
- Flexible repayments. The Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan allows you to pay off the loan in the way you want. You will be able to pay of the Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan with either weekly, fortnightly or monthly repayments.
- Mortgage offset account. One of the features offered with the Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan that will save you money is the mortgage offset account. The account is linked to the loan account and if there are any funds in the account they will be offset against the loan when interest is paid. This means that if you out all your savings into the account they you will pay less interest and lower your repayments.
- Split the loan. The Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan also allows you to split the loan. By splitting the loan you will be able to subject one part of the amount owing to the Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan and the other part to another loan scheme. Many people will do a 50/50 split with a fixed interest rate loan so they can shelter themselves from the full effects of interest rate rises.
The Citibank Mortgage Plus Standard Variable Offset $500K <$750K home loan is a loan that offers you a bit of everything. The loan offers you the flexibility that is offered with the repayment schemes and the split loan feature, while still offering the money saving schemes such as the mortgage offset account. This loan is suited to anyone that is looking to buy a property for personal or business use.
Read the Citibank Mortgage Plus Standard Variable Offset $500K <$750K terms and conditions.
| Minimum Loan Amount | $500,000 | |
|---|---|---|
| Maximum Loan Amount | $749,000 | |
| 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 | 6.87% | |
| Comparison Rate | 7.19% | |
| Repayment Type | Interest Only | |
| Repayment Frequency | Weekly | |
| Extra Repayments | No |
| Application Fee | $0 | |
|---|---|---|
| Legal Fee | $0 | |
| Valuation Fee | $0 | |
| Service Fee | $350 | |
| Settlement Fee | $250 | |
| Exit Fee | $300 |
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