| Home Loan Lender |
 |
Citibank Home Loan |
|
| Home Loan Product Name |
Basic |
| Interest Rate |
8.85% |
Comparison Rate
Estimated |
8.87% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,190.78 |
Total Paid
Estimated |
$428,760 |
| Establishment Fee |
$0.00 |
| Enquire/Apply |
 
|
| Target Market |
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. |
| Acceptable Income |
PAYG Full-time or permanent part-time, Casual, Self Employed. |
| Loan Term |
Minimum: 1 year
,
Maximum term 30 years. |
| Loan Size |
Minimum: $ 50K
,
Maximum: $4 Million |
| Repayment Type |
Principal and Interest and Interest Only
,
The interest only facility is available for a maximum of 5 years after which the repayments will convert to principal & interest
,
Citibank will now allow Basic mortgages to be combined with a Fixed Rate Standard mortgage within the same facility. |
| Repayment Options |
Principal & Interest - Weekly,fortnightly or monthly repayments. |
| Extra Repayments |
|
| Split Loan Facility |
Yes available may be split into a maximum of 4 accounts per facility Basic loans may be combined with Standard Fixed product. |
| Offset |
Not available. |
| Redraw Facility |
Free redraws. |
| LVR |
Owner Occupier Maximum LVR 100%
,
Investment Maximum LVR 95%
,
Construction Maximum LVR N/A
,
Refinance Maximum LVR 90%
,
Security location & LVR the maximum LVR is dependent on the property type and security. Refer www.mortgagebroker.citibank.com.au Broker Guide or BDM for further information. |
| Fees |
Establishment Fee: $399 (includes the cost of first valuation to the value of $500)
,
Settlement Fee $250 (displayed as Mortgage Prep Fee)
,
Deferred Establishment Fees
,
For loans discharged < 12 months after settlement: $1500.
,
For loans discharged > 12 < 24 months after settlement: $1200.
,
For loans discharged > 24 < 36 months after settlement: $1000. |
| Enquire/Apply |
|