Citibank Home Loans

Citibank Basic Mortgage

For those who prefer a no-frills approach to home loans the Basic Mortgage may be the product you need. The loan's features include a low variable rate, as well as the option to make additional repayments without having to worry about any extra costs.

After two years the opportunity to combine this loan with a standard fixed rate is available. In addition, should you sell your property it may be possible to take the mortgage with you.

Citibank Fixed Mortgage

The Fixed Mortgage makes sure that homebuyers are protected against interest rate rises, while also giving them the ability to plan ahead knowing how much they will need to pay.

Its main features include a monthly repayment schedule - which for the first five years will go towards interest - the option to split accounts and combine the loan with other Citibank products.

There are some maintenance fees, but with a loan to value ratio of up to 85 per cent this may still work out to be a competitive mortgage.

Citibank Standard Variable Mortgage

The Standard Variable Mortgage is for those customers who prefer to keep things flexible, which is why it comes with the option to make weekly, fortnightly or monthly repayments. In addition, homebuyers who are looking to pay off their loan at an accelerated pace can make additional payments at no extra cost.

With a variable interest rate and the option to split accounts as well as redraw, it is easy to make sure this mortgage works for you.

Citibank Standard Offset Mortgage

The Standard Offset Mortgage lets buyers use their own savings to reduce the interest they will need to pay on their loan. With a fixed rate and the option of weekly, fortnightly or monthly repayments this loan offers the ability to plan ahead and the flexibility to make changes when needed.

Its other features include the ability to split accounts, production combinations, redraw facility and a loan to value ratio that may go as high as 85 per cent.

Citibank Mortgage Power

Mortgage Power is actually a line of credit that comes with a pre-agreed limit which is secured by your property. This means that borrowers have the option to draw down and pay back the up-to-the-limit amount at a time that is suitable to them.

The loan also functions as a day-to-day transaction account that lets homebuyers access their funds with maximum flexibility.

It has a variable interest rate, seven years interest-only repayments and the option of daily, weekly, fortnightly or monthly repayments, in addition to a range of standard loan features.

Citibank Mortgage Plus

Mortgage Plus is a professional package designed to help you save on interest with the addition of an offset account. In addition to this there is also the option to save on fees by consolidating your mortgage and credit card.

The loan can also be split into separate accounts, which is ideal for buyers wanting to keep personal and business investments separate.