Fixed Rate Home Loans - Citibank - 1 yr fixed Self Certification |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Home Loan Lender |
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Citibank Home Loan |
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| Home Loan Product Name |
1 yr fixed Self Certification |
| Interest Rate |
9.37% |
Comparison Rate
Estimated |
10.19% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,247.08 |
Monthly Payment
Estimated |
$1,331.75 |
Total Paid
Estimated |
$481,779 |
| Establishment Fee |
$399.00 |
| Enquire/Apply |
 
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| Target Market |
A flexible loan for clients who are unable to provide income documentation to the bank to verify their income. |
| Acceptable Income |
Complete a Self Certified Declaration and application form.
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Self-Certified Option:
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For Self-Certified 80: Income declared. Regulated and unregulated
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For Self-Certified 70: Income not declared. Unregulated. |
| Loan Term |
Minimum term 1 year
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Maximum: 30 years. |
| Loan Size |
Minimum: $200K for Mortgage Plus loans
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Maximum $1M per security |
| Repayment Type |
Principal and Interest and Interest Only |
| Repayment Options |
Standard Interest Only & Principal & Interest |
| Extra Repayments |
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| Split Loan Facility |
Yes $150 Fee per request. Payable when a product is split into additional accounts. The overall facility cannot exceed 4 loan accounts.
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Fee is waived when part of a Mortgage Plus Package.
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Minimum split $20K. Maximum 4 splits.. Multiple splits of one option available. |
| Offset |
Not available under self certified loans. |
| Redraw Facility |
Yes - Anytime on variable rate products. |
| LVR |
Owner Occupier Maximum LVR 90%
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Investment Maximum LVR 90%
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Construction Maximum LVR N/A
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Refinance Maximum LVR 90%
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Security location & LVR the maximum LVR is dependent on the property type and security. Refer ww.mortgagebroker.citibank.com.au Broker Guide or BDM for further information.
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Residential Security (<2.2 HA)
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Vacant Land 80% LVR without LMI. With LMI max LVR is 95%. Refer to Citibank for details. With LMI Maximum loan size $550K where land is only security and is category 1 location NSW.
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Maximum LMI exposure to a borrower (new loan plus any existing insured loan) $2.5M.
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Self Certified LVR
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Self Certified 70 - Maximum LVR 70% only unregulated loans
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Self Certifier 80 Maximum LVR 80% regulated and unregulated loans
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Self Certified Minimum $50K - maximum $2.5M for Category 1 locations.
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Category 2 - $750K & Category 3 $500K ( up to 80% LVR ) all states
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WA & SA & Tas & NT Maximum $750K (per 1 security) anything outside of this range please refer to BDM |
| Fees |
Establishment Fee: $399
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Settlement Fee $250 (displayed as Mortgage Prep Fee)
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Monthly Service Fee: $8 per month per account for Standard Variable, Standard Fixed and Standard Offset loans and $12 per month per account for Mortgage Power loans
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Product change: $300
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EPO or Interest Equalisation may apply to a mid-term rate break on
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Fixed Rate loan.
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Additional Fees and Charges may apply.
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Substitution of Security - is Available
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Substitution of Security Fee: $450 (covers 1 valuation only)
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Stamp duty applies to any additional borrowings. If the new security is in another state, then full stamp duty will apply.
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Government registration fees apply and vary from state to state.
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Deferred Establishment Fee
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$1500 < 12 months after settlement
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$1200 13 - 24 months after settlement
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$1000 25 - 36 months after settlement
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Self Certified Deferred Establishment Fee
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< 12 months after settlement: Min $2000. Max $3000.
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> 12 < 24 months after settlement: Min $1500. Max $2500.
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> 24 < 36 months after settlement: Min $1000. Max $2000. |
| Enquire/Apply |
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| Other Fixed Rate Home Loans |
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| Other Citibank Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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