Mortgage Plus Standard Variable Mortgage Plus Standard Variable LVR >80% to 85% (No LMI) ($150,000 - $499,999) (Principal & Interest) (Owner Occupied)
4.51%p.a Standard 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 85% 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, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 1 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
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 repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 0 years
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.
Monthly and annual fees and charges during the loan period.
- Ongoing Yearly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Citibank Mortgage Plus is a package that includes a discounted home loan interest rate, an eligible Credit Card with zero or reduced annual fees and a Citibank Plus account. Package Eligibility: 1. Loan facility of at least $150K 2. An eligible Credit Card held by at least one of the borrowers 3. A Citibank Plus account held by at least one of the borrowers 4. Personal, company and trust borrowers only (excludes overseas borrowers) 5. Self-Certified loans are excluded Eligible Credit Cards: - Platinum Citibank Rewards Credit Card ($0 annual fee) - Signature Citibank Rewards Credit Card ($0 annual fee) - Select Citibank Rewards Credit Card ($350 annual fee) Credit Card Benefits: - Limit up to $6K - Up to 55 days interest free - A reward program with reward points that never expire - Complimentary International Travel Insurance Citibank Plus Account Benefits: - No monthly account keeping fees - Fee free withdrawals at over 3,000 Citibank ATMs across Australia - The option to open up to 3 linked savings accounts 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)
LVR without LMI 80-85% Maximum loan amounts are subject to Location Classifications, see Residential Credit Guidelines. Acceptable Residential Vacant Land: Not more than 2 hectares. Maximum LSR 80% in Citi Zone 1, and 65% in Citi Zone 2 (with no LMI).Please refer to Credit Guidelines for max loan amounts for vacant land and for further security restrictions applicable.
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.
Product/Interest switch fee: Nil (for eligible products within the Mortgage Plus package). Fee per split: Nil Maximum of 4 splits allowed per facility. Credit limit rearrangement: Nil