Standard Variable Standard Variable LVR 90% (Principal & Interest) (Owner Occupied)
5.67%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 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, 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 Monthly
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
*Non-resident loading of 0.50% p.a. applies. A resident is either a citizen or permanent resident of Australia Additional 0.20% applies to I/O loans with an LVR >80% and assessed under the No LMI policy. A loan that can be tailored to suit your customers needs. Choose between variable rate, fixed rate or a combination of both. Standard Variable can be combined with Mortgage Power, Standard Fixed Standard Fixed can be combined with Mortgage Power, Standard Variable, or Basic Mortgage Unlimited additional repayments allowed for variable rate portion of the loan; for fixed rate portion of the loan, break charges apply for any additional repayments of greater than $1,000 per month Extra repayments can be made via BPAY, Australia Post, NAB*, mail, funds transfer (*1% Cash handling fee applies for cash deposits over $500) Up to four split accounts available with a minimum amount of $20,000 per loan account. Cash Out only available with refinances or equity releases (not new purchases). Internet / Phone Banking is conditional on having other Citibank transaction accounts. 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) Loan Redraw $0 online. Otherwise fees occur.
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. 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.
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. Fee is waived when part of a Mortgage Plus package. Credit limit re-arrangement fee: $150 per request