The details shown below are for an owner occupier taking out a principal & interest loan between $350,000 and $4,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $350,000 and $4,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $350,000 and $4,000,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $350,000 and $4,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $350,000 and $4,000,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $350,000 and $4,000,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $350,000 | $4,000,000 |
| | Investor | Interest Only | < 80% | $350,000 | $4,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $350,000 | $4,000,000 |
| | Investor | Principal & Interest | < 80% | $350,000 | $4,000,000 |
| | Investor | Principal & Interest | 80%-90% | $350,000 | $4,000,000 |
| | Investor | Interest Only | 80%-90% | $350,000 | $4,000,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $350,000 $4,000,000
Investor (Interest Only)
LVR < 80%
Loan: $350,000 $4,000,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $350,000 $4,000,000
Investor (Principal & Interest)
LVR < 80%
Loan: $350,000 $4,000,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $350,000 $4,000,000
Investor (Interest Only)
LVR 80%-90%
Loan: $350,000 $4,000,000
If you want a home loan with minimal fuss, the Citi Basic Variable Home Loan could be the right option for you. Not only does it come with a competitively low variable rate of 2.59% p.a. (2.64% comparison rate*), you’ll also have the flexibility to choose a weekly, fortnightly or monthly repayment schedule as well as make additional payments and redraws without penalty.
Better yet, the Basic Variable home loan was named a double 2020 Mozo Experts Choice Award winner for Best Investor Home Loan and Best Split Home Loan.
The Citi Basic Variable Home Loan is flexible and can be tailored to suit you. There are options for owner occupiers and investors alike, whether they want to make principal and interest or interest only repayments. Interest rates start at 2.59% for owner occupiers making principal and interest repayments, and 2.79% (3.04% comparison rate*) for investors. Plus, customers can borrow from $350,000 to $4,000,000.
After features? With this loan you can make free extra repayments and use a redraw facility if you wish to dip into them later on. And that’s not all, you also have the freedom to choose between making weekly, fortnightly or monthly repayments.
While there is no annual or monthly service fee attached to the Citi Basic Variable Home Loan, just keep in mind you will be stung with a $399 application fee straight off the bat.
Citi’s Basic Home Loan could be suitable for someone looking for a loan with a solid interest rate and a few flexible features to help create a repayment schedule which suits their needs.
Be aware that there are some hefty fees attached to this loan. Aside from the $399 application fee there’s also a $250 settlement fee and $350 discharge fee to factor into your budget.
2.59% p.a.
n/a
n/a
n/a
2.64% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$399.00
$0.00
$0.00
$250.00
n/a
$0.00
$350.00
$350,000
$4,000,000
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
none
yes
no
none
none
Receive $3,000 cashback for new lending between $350,000 and $750,000 or $4,000 cashback for loan amounts of $750,000 or more for applications submitted by 28 February 2021 and settled by 30 April 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.14% p.a.
n/a
n/a
n/a
3.19% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$399.00
$0.00
$0.00
$250.00
n/a
$0.00
$350.00
$350,000
$4,000,000
none
80.00%
Investor
Interest Only
Monthly
yes - free
no
yes
none
yes
no
none
none
Receive $3,000 cashback for new lending between $350,000 and $750,000 or $4,000 cashback for loan amounts of $750,000 or more for applications submitted by 28 February 2021 and settled by 30 April 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.96% p.a.
n/a
n/a
n/a
3.01% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$399.00
$0.00
$0.00
$250.00
n/a
$0.00
$350.00
$350,000
$4,000,000
80.00%
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
none
yes
no
none
none
Receive $3,000 cashback for new lending between $350,000 and $750,000 or $4,000 cashback for loan amounts of $750,000 or more for applications submitted by 28 February 2021 and settled by 30 April 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.79% p.a.
n/a
n/a
n/a
2.84% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$399.00
$0.00
$0.00
$250.00
n/a
$0.00
$350.00
$350,000
$4,000,000
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
none
yes
no
none
none
Receive $3,000 cashback for new lending between $350,000 and $750,000 or $4,000 cashback for loan amounts of $750,000 or more for applications submitted by 28 February 2021 and settled by 30 April 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.29% p.a.
n/a
n/a
n/a
3.34% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$399.00
$0.00
$0.00
$250.00
n/a
$0.00
$350.00
$350,000
$4,000,000
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
none
yes
no
none
none
Receive $3,000 cashback for new lending between $350,000 and $750,000 or $4,000 cashback for loan amounts of $750,000 or more for applications submitted by 28 February 2021 and settled by 30 April 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.39% p.a.
n/a
n/a
n/a
3.44% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$399.00
$0.00
$0.00
$250.00
n/a
$0.00
$350.00
$350,000
$4,000,000
80.00%
90.00%
Investor
Interest Only
Monthly
yes - free
no
yes
none
yes
no
none
none
Receive $3,000 cashback for new lending between $350,000 and $750,000 or $4,000 cashback for loan amounts of $750,000 or more for applications submitted by 28 February 2021 and settled by 30 April 2021.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Citi offer good 24/7 online and phone service, they do pass on interest rate cuts and take security off your accounts very seriously. However there are little to no branches and processing time for paperwork can be slower than other banks.
Read full reviewCiti offer good 24/7 online and phone service, they do pass on interest rate cuts and take security off your accounts very seriously. However there are little to no branches and processing time for paperwork can be slower than other banks.
Citi is the consumer banking arm of Citigroup, one of the world's biggest financial institutions. Citi was the first foreign bank to be granted a banking licence to operate in Australia. Citi is now the largest international bank in the country, serving millions of Australians with credit cards, mortgages, deposit accounts, charge cards and more.
See Citi home loans
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$0.00
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3.71% p.a.
$8.00 monthly
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
