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Citi Fixed Rate Loan

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 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 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 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    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%

    Loan: $350,000 $4,000,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $350,000 $4,000,000

Fixed 3 year rate
2.09% p.a.
Comparison Rate*
4.45% p.a.
Service fee
$8.00 monthly
Upfront fee
$649
Fixed 3 year rate
2.54% p.a.
Comparison Rate*
4.74% p.a.
Service fee
$8.00 monthly
Upfront fee
$649
Fixed 3 year rate
2.39% p.a.
Comparison Rate*
4.53% p.a.
Service fee
$8.00 monthly
Upfront fee
$649
Fixed 3 year rate
2.94% p.a.
Comparison Rate*
4.85% p.a.
Service fee
$8.00 monthly
Upfront fee
$649
Fixed 3 year rate
2.59% p.a.
Comparison Rate*
4.58% p.a.
Service fee
$8.00 monthly
Upfront fee
$649
Fixed 3 year rate
3.14% p.a.
Comparison Rate*
4.90% p.a.
Service fee
$8.00 monthly
Upfront fee
$649

Mozo editorial review Citi Fixed Rate Loan

Last updated: 19 October 2020.

binocular icon
What's hot
  • Triple 2020 Mozo Experts Choice Award winner
  • 2.09% 3 year fixed rate (4.45% comparison rate*)
  • Free extra repayments up to $1,000 per month
What's not
  • $399 application fee
Mozo snapshot

If you need a basic fixed home loan with a competitive interest rate, Citi’s Fixed Rate Loan (Mortgage Plus) might be exactly what you are looking for. Not only does this loan come with a low 2.09% 3 year fixed rate (4.45% comparison rate*), you can also make extra repayments up to $1,000 a month. Just be aware that you need to have at least a 20% deposit or equity in your home to qualify.

Citi's Fixed Rate Loan was also recognised for its quality in our 2020 Mozo Experts Choice Awards, taking out Awards for Best Fixed Rate Home Loan, Best Investor Fixed Home Loan and Best Split Home Loan.   

key icon
Key features

The Citi Fixed Rate Loan comes with a low 2.09% 3 year fixed rate (4.45% comparison rate*) but that’s not the only thing it can brag about. 

There are other loan terms available if you want to fix your rate for longer or shorter terms. The rate for 1 year and 2 year fixed terms is also 2.19% rate (4.96% comparison rate* and 4.71% comparison rate* respectively) and the 5 year term comes in at 2.39% (4.14% comparison rate*). 

At the end of the fixed rate period just remember that the loan will revert to a variable rate afterwards. 

With this home loan, customers can borrow anywhere from $350,000 to $4,000,000. Keep in mind though, the maximum LVR is 80%, which means that you need at least a 20% deposit saved. 

While there is only the option to make monthly repayments with Citi’s Fixed Rate Loan, borrowers have the flexibility to make free extra repayments up to $1,000 per month. However, there is no redraw facility on this loan so you cannot get back your additional funds once you have put them towards your loan. 

snapshot
Who is it good for

The Citi Fixed Rate Loan could be a good option for someone looking for a low frills home loan option that still offers competitive fixed interest rates across a bunch of terms and who meets the 80% LVR requirements.

snapshot
Any catches

There are a few ongoing and one-off fees to keep an eye out for on this loan - a $8 monthly fee, a $399 application fee, $250 settlement fee, and a $350 discharge.

Details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.19% (4.96%*)

  • 2.19% (4.71%*)

  • 2.09% (4.45%*)

  • n/a

  • 2.39% (4.14%*)

  • n/a

  • n/a

  • 5.10% p.a.

Fees
  • $399.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $350,000

  • $4,000,000

  • none

  • 80.00%

Features
  • Monthly

  • yes - free up to $1,000 monthly

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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.

Details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.44% (5.21%*)

  • 2.44% (4.95%*)

  • 2.54% (4.74%*)

  • n/a

  • 2.94% (4.50%*)

  • n/a

  • n/a

  • 5.35% p.a.

Fees
  • $399.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $350,000

  • $4,000,000

  • 80.00%

  • 90.00%

Features
  • Monthly

  • yes - free up to $1,000 monthly

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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.

Details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.49% (4.99%*)

  • 2.49% (4.76%*)

  • 2.39% (4.53%*)

  • n/a

  • 2.69% (4.26%*)

  • n/a

  • n/a

  • 5.10% p.a.

Fees
  • $399.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $350,000

  • $4,000,000

  • none

  • 80.00%

Features
  • Monthly

  • yes - free up to $1,000 monthly

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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.

Details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.84% (5.25%*)

  • 2.84% (5.02%*)

  • 2.94% (4.85%*)

  • n/a

  • 3.24% (4.62%*)

  • n/a

  • n/a

  • 5.35% p.a.

Fees
  • $399.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $350,000

  • $4,000,000

  • 80.00%

  • 90.00%

Features
  • Monthly

  • yes - free up to $1,000 monthly

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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.

Details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.79% (5.02%*)

  • 2.79% (4.81%*)

  • 2.59% (4.58%*)

  • n/a

  • 2.89% (4.34%*)

  • n/a

  • n/a

  • 5.10% p.a.

Fees
  • $399.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $350,000

  • $4,000,000

  • none

  • 80.00%

Features
  • Monthly

  • yes - free up to $1,000 monthly

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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.

Details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.04% (5.26%*)

  • 3.04% (5.06%*)

  • 3.14% (4.90%*)

  • n/a

  • 3.54% (4.74%*)

  • n/a

  • n/a

  • 5.35% p.a.

Fees
  • $399.00

  • $0.00

  • $0.00

  • $250.00

  • n/a

  • $8.00 monthly

  • $350.00

Other financial bits
  • $350,000

  • $4,000,000

  • 80.00%

  • 90.00%

Features
  • Monthly

  • yes - free up to $1,000 monthly

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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.

Customer Reviews

How are Citi home loans rated by the Mozo community?

Overall
5.0/10

Based on 167 Citi home loan reviews

Price
5.0/10
Features
5.5/10
Customer service
4.7/10
Convenience
4.0/10
Trust
5.1/10

Latest reviews of Citi Fixed Rate Loan

  • Overall 2/10
    Profit is their motto

    Because I wanted fixed rates I could only pay monthly and I couldn't change to fortnightly payments. I wish I was with someone else who was more competitive and not just after profit.

    Read full review

    Because I wanted fixed rates I could only pay monthly and I couldn't change to fortnightly payments. I wish I was with someone else who was more competitive and not just after profit.

    Price
    2/10
    Features
    1/10
    Customer service
    4/10
    Convenience
    1/10
    Trust
    3/10
    Less
    Anne, Victoria reviewed over 5 years ago
  • Overall 0/10
    Very poor customer service

    Citibank do not have branches where you can go for advice. All contact is via the phone and in most cases I believe it is an offshore call centre.

    Read full review

    Citibank do not have branches where you can go for advice. All contact is via the phone and in most cases I believe it is an offshore call centre.

    Price
    1/10
    Features
    1/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    John, New South Wales reviewed over 8 years ago
Citi

About Citi

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.

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*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.