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.
Back to Citibank Home Loans
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