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%
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 |
| | 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% | $350,000 | $4,000,000 |
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
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.
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 1.99% rate (4.94% comparison rate* and 4.67% comparison rate* respectively) and the 5 year term comes in at 2.29% (4.10% 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.
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.
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.
n/a
n/a
n/a
n/a
1.99% (4.94%*)
1.99% (4.67%*)
2.09% (4.45%*)
n/a
2.29% (4.10%*)
n/a
n/a
5.10% p.a.
$399.00
$0.00
$0.00
$250.00
n/a
$8.00 monthly
$350.00
$350,000
$4,000,000
none
80.00%
Monthly
yes - free up to $1,000 monthly
no
no
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.
n/a
n/a
n/a
n/a
2.24% (5.19%*)
2.24% (4.91%*)
2.54% (4.74%*)
n/a
2.54% (4.34%*)
n/a
n/a
5.35% p.a.
$399.00
$0.00
$0.00
$250.00
n/a
$8.00 monthly
$350.00
$350,000
$4,000,000
80.00%
90.00%
Monthly
yes - free up to $1,000 monthly
no
no
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.
n/a
n/a
n/a
n/a
2.29% (4.97%*)
2.29% (4.72%*)
2.39% (4.53%*)
n/a
2.59% (4.22%*)
n/a
n/a
5.10% p.a.
$399.00
$0.00
$0.00
$250.00
n/a
$8.00 monthly
$350.00
$350,000
$4,000,000
none
80.00%
Monthly
yes - free up to $1,000 monthly
no
no
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.
n/a
n/a
n/a
n/a
2.54% (5.22%*)
2.54% (4.97%*)
2.94% (4.85%*)
n/a
3.84% (4.86%*)
n/a
n/a
5.35% p.a.
$399.00
$0.00
$0.00
$250.00
n/a
$8.00 monthly
$350.00
$350,000
$4,000,000
80.00%
90.00%
Monthly
yes - free up to $1,000 monthly
no
no
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.
n/a
n/a
n/a
n/a
2.49% (4.99%*)
2.49% (4.76%*)
2.59% (4.58%*)
n/a
2.79% (4.30%*)
n/a
n/a
5.10% p.a.
$399.00
$0.00
$0.00
$250.00
n/a
$8.00 monthly
$350.00
$350,000
$4,000,000
none
80.00%
Monthly
yes - free up to $1,000 monthly
no
no
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.
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 reviewBecause 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.
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 reviewCitibank 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.
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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