Lender Name

Product Name

STANDARD / MORGAGE PLUS  SELF CERTIFIED

Product Type

PROFESSIONAL

Interest Rates

Latest Interest Rates

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Redraw Facility

Yes - Anytime on variable rate products..

Offset

Not available under self certified loans.

Fees

Establishment Fee: $399
Settlement Fee $250 (displayed as Mortgage Prep Fee)
Monthly Service Fee:  $8 per month month  per account for Standard Variable, Standard Fixed and Standard Offset loans and $12 per month per account for Mortgage Power loans
Product change: $300
EPO or Interest Equalisation may apply to a mid-term rate break on
Fixed Rate loan.
Additional Fees and Charges may apply.
Substitution of Security - is Available
Substitution of Security Fee: $450 (covers 1 valuation only)
Stamp duty applies to any additional borrowings. If the new security is in another state, then full stamp duty will apply.
Government registration fees apply and vary from state to state.
Deferred Establishment Fee
$1500 < 12 months after settlement
$1200 13 - 24 months after settlement
$1000 25 - 36 months after settlement

Self Certified Deferred Establishment Fee
< 12 months after settlement: Min $2000. Max $3000.
> 12  < 24 months after settlement: Min $1500. Max $2500.
> 24 < 36 months after settlement: Min $1000. Max $2000.

LVR

Owner Occupier Maximum LVR 90%
Investment Maximum LVR 90%
Construction Maximum LVR N/A
Refinance Maximum LVR 90%
Security location & LVR the maximum LVR is dependent on the property type and security. Refer ww.mortgagebroker.citibank.com.au  Broker Guide or BDM for further information.

Residential Security (<2.2 HA)
Vacant Land 80% LVR without LMI. With LMI max LVR is 95%. Refer to Citibank for details. With LMI Maximum loan size $550K where land is only security and is category 1 location NSW.
Maximum LMI exposure to a borrower (new loan plus any existing insured loan) $2.5M.

Self Certified  LVR
Self Certified 70 - Maximum LVR 70% only unregulated loans
Self Certifier 80 Maximum LVR 80% regulated and unregulated loans
Self Certified Minimum $50K - maximum $2.5M  for Category 1 locations.
Category 2 - $750K & Category 3 $500K ( up to 80% LVR ) all states
WA & SA & Tas & NT Maximum $750K (per 1 security) anything outside of this range please refer to BDM

Repayment Type

Principal and Interest and Interest Only

Repayment Options

Standard Interest Only & Principal & Interest

Repayment Method

Direct Debit only available Daily, Weekly, fortnightly or monthly repayments.

Extra Repayments

Variable Rate: Can be made at anytime, No Minimum  and without penalty.
Fixed Rate: Break charges apply for any additional repayments of greater than $1,000 per month

Special Offers

Mortgage Plus Standard Variable Self Certified
0.50% >$200K < $300K
0.70% >$300K < $500K
0.70% > $500K
Mortgage Plus Mortgage Power Self Certified
0.50% >$200K < $300K
0.60% >$300K < $500K
0.70% > $500K
No rate discounts on Standard Fixed rate loans.
Mortgage Plus Package is available for personal borrowers, company and trust borrowings under self-certified option.
Offset not available with Self Certified loans.
Mortgage Plus professional pack offers your clients greater flexibility and value.
With Citibank, your clients can enjoy free access to any ATM in Australia with their 100% Offset mortgage or Mortgage Power account (within their allowed transaction limit).
Mortgage Power - 15 deposits, 15 withdrawals  free transactions per month.
One simple annual fee of $350
Nil Application(establishment) fee
No account keeping fees
No annual Gold Visa card (credit card lending criteria applies) fee (applies to primary or additional card holders)
No mortgage variation fees for additional split accounts or line increases if within Mortgage Plus package
For Mortgage Plus customers no fee for switching product  within the same package.

Self-Certified option
Step Down after 2 years customer interest rate will be reviewed automatically for step down to standard rates after the initial two year period subject to review and satisfactory past conduct.
Early Step Down at any time customers can apply at any time to step down their interest rate if they provide full documentary proof of income.
They will be assessed under normal lending criteria and charged an early step down fee of $800.

Term

Minimum term 1 year
Maximum: 30 years.

Loan Size

Minimum: $200K for Mortgage Plus loans
Maximum $1M per security

Mortgage Insurance

Required where the LVR >80% for full doc loans.
All Self Certified Loans are fully mortgaged insured however LMI premium on loans up to $1M is paid by Citibank. Max LVR for self cert loans is 80%.

Acceptable Income

Complete a Self Certified Declaration and application form.
elf-Certified Option:
For Self-Certified 80: Income declared. Regulated and unregulated
For Self-Certified 70: Income not declared. Unregulated.

Product Change

Yes $300 per request. No fee if product change within Mortgage Plus package eligibility.

Statements

Portability

For a fee of $450.

Split Loan Facility

Yes $150 Fee per request. Payable when a product is split into additional accounts. The overall facility cannot exceed 4 loan accounts.
Fee is waived when part of a Mortgage Plus Package.
Minimum split $20K. Maximum 4 splits.. Multiple splits of one option available.

Special Notes

Target Market

A flexible loan for clients who are unable to provide income documentation to the bank to verify their income.