Citibank Variable Offset Home Loan - Mortgage Plus

Main Features and Fees...

 
Company
Interest Rate Enquire Here - Rate discounts apply for different loan amounts
Products Available Variable Offset / Mortgage Plus / Fixed Rates
Offset Account Yes, 100% offset for variable only
Redraw Facility Yes free redraws for variable only
Extra Repayments Yes for variable and fixed. Penalties may apply for fixed                                        
Lump Sum Repayments Yes for variable and fixed. Penalties may apply for fixed   
Product Change Yes, $300 fee applies or no fee if with Mortgage Plus Package
Portability Yes
Construction No
Split Loan Facility Yes up to 4 accounts.
Principle and Interest Payments Yes
Interest Only Payments Yes, up to 5 years
FEES                                                 
Upfront Fees Nil plus $250 mortgage preparation fee
Ongoing Fees  $350 annual fee                                                              
Early Exit Fees < 12 Months - $1500, 12 to 24 months - $1,200, 24 to 36 months - $1,000

Break fees apply for fixed rates
Discharge of Mortgage Fees No supplied


Notes

 

Mortgage Plus Package is available for personal borrowers, company and trust borrowings under fully verified and self-certified option.

Mortgage Plus Discount Rates for Standard Variable and Offset

Standard Variable and Offset        

0.30% >$200K < $500K

0.40% >$500K < $750K

0.50% > $750K

Mortgage Power         

0.30% >$200K < $500K

0.40% >$500K < $750K

0.50% > $750K

Discounts not available on fixed rates.

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).

Offset mortgage - 50 free withdrawals and 50 free deposits per month

Mortgage Power - 15 deposits, 15 withdrawals  free transactions per month.

One simple annual fee of $350

Nil application 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.

Offset not available with Self Certified loans.


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