Basic Variable Basic Variable - LVR >80% to 90% <$500K (With LMI) (Interest Only) (Owner Occupied)

  • 4.52%
    p.a Basic Variable
  • 4.54%
    p.a Comparison**
  • $649
    Upfront fees
  • $0
    Annual fees
  • 90%
    Max Lvr
  • $1,949
    Per Month*

About Citibank

Citibank in Australia is part of Citigroup, one of the world's largest financial services organisations. Citibank commenced consumer operations in Australia in 1985 when it was the first foreign bank to be granted a banking licence. By combining local expertise with the strength of Citibank's worldwide consumer banking network, they’re able to offer not only a sophisticated range of products by Australian standards, but some of the world's leading range of financial services including deposit accounts, foreign currency deposits and investments, credit cards, mortgages and insurance.

Basic Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 90% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For ["Equity", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

1 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repaments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
5 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Refinance loan with cash out only available for new customers with lending >$500K. For new to bank customers with lending <$500K, the maximum cash out will be capped at 5% of the loan being refinanced. (Note Cash out includes credit card/personal loan consolidation) Rates quoted are subject to having Lenders Mortgage Insurance. Loading applies to loans with an LVR >80% and assessed under the No LMI policy. For clients who are looking to enter the property market with a low interest rate and lower repayments. A “no frills” mortgage for home or investment purposes. A low variable rate. Zero account-keeping fees. Redraw of available funds. Flexible repayment options - weekly, fortnightly or monthly. The freedom to make extra repayments without penalty. Up to four split accounts available with a minimum amount of $20,000 per loan account. Five years interest-only option available at the same low rate. The choice to split your loan with a Standard Fixed Rate loan. Cash Out only available with refinances or equity releases (not new purchases). Internet / Phone Banking is conditional on having other Citibank transaction accounts. Loan Redraw $0 online. Otherwise fees occur. Overseas Income/Borrowers Accordingly given increasing difficulty in confirming income from certain countries and to maintain a balanced portfolio without further erosion to our service proposition, when a loan is defined as an Overseas Loan, for capacity purposes we will ONLY rely on currencies from the following list: Canadian Dollar (CAD) Danish Kroner (DKK) European Union Euro (EUR) Hong Kong Dollar (HKD) Japanese Yen (JPY) New Zealand Dollar (NZD) Swedish Kroner (SEK) Singaporean Dollar (SGD) South Korean Won (KRW) Swiss Franc (CHF) UK Sterling (GBP) United States Dollar (USD) In addition, no loan can be approved that relies solely on rental income. All documentation must be translated into English and all foreign income from the above list must be converted to AUD before inclusion in the capacity test calculator. The calculator will discount the income by 10%. Income earned in a foreign currency other than the currency of the applicants nationality (Australian citizens / Permanent Residency Status (PR) excepted) is NOT permitted for use in the capacity test.

LVR Notes

For loans with an LVR over 80% LMI will be required. Maximum LVR up to 90% plus LMI. Maximum loan amounts are subject to Location Classifications, see Residential Credit Guidelines.


For loans requiring LMI: Where the LSR is above 85%, the borrower must provide at least 5% of the purchase price from genuine savings. For loans not requiring LMI: While there is no genuine savings requirement, applicants will have to provide evidence of funds to complete the transaction. The funds can be: - Gifts – a statutory declaration is required stating that the funds is gift and is not required to be repaid. - Borrowed – must be included in the serviceability calculation.

Fee Notes

Quoted application fee includes the cost of valuation up to $500. Loan increase fee: $300 plus valuation cost. Portability fee: $450 (includes the cost of valuation up to $500). Additional split accounts fee: Nil for new business, $150 per request for variations. Credit limit re-arrangement fee: $150 per request

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided