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 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 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 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 | |
|---|---|---|---|---|---|
| | Investor | Principal & Interest | < 80% | $350,000 | $4,000,000 |
| | Owner Occupier | Principal & Interest | < 80% | $350,000 | $4,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $350,000 | $4,000,000 |
| | Investor | Interest Only | < 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 |
Investor (Principal & Interest)
LVR < 80%
Loan: $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 (Interest Only)
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
Variable interest rates for Citi’s 2020 Mozo Experts Choice Award winning Mortgage Plus home loan package start at a competitively low 2.84% p.a (3.23% p.a. comparison rate*). The loan is available for both owner-occupiers and investors with principal and interest and interest only repayments available. It’s not just a straight up and down loan either; with this particular home loan package you can choose to add an offset account and make extra repayments for free.
Citi’s Mortgage Plus home loan package comes with competitive variable interest rates for both owner-occupiers and investors. Principal and interest loans are available for both types of borrowers with interest rates starting at 3.14% p.a. (3.29% p.a. comparison rate*) for investors and even lower for owner-occupiers at 2.84% p.a (3.23% p.a. comparison rate*).
You can borrow between $350,000 and $4 million and the maximum loan-to-value ratio is 90%. Just keep in mind that if you put down a deposit less than 20%, you will have to pay Lenders Mortgage Insurance.
Another thing to bear in mind, is that this home loan is a package and therefore does come with a yearly fee. The $350 annual service cost covers useful features including the ability to make extra repayments, an offset account and a redraw facility. An offset account is handy to help you reduce the overall interest you pay and if you can afford to, making extra repayments may just help you to reduce your home loan at a much quicker pace. After all, the sooner you pay off your home loan the less interest you’ll wind up paying.
Other perks on offer with this home loan include the option to get an eligible Citi credit card with zero or reduced annual fees and access to the Citi Plus Transaction Account. These extras even come with their own perks, including complimentary international travel insurance for you and your family with a Citi credit card and free global transfers to other Citi accounts in over 25 countries with the Citi Plus Transaction Account.
Citi’s Mortgage Plus package could be a good fit for someone searching for a home loan with lots of extra features to take advantage of. If you have the financial means and the willpower to make extra repayments, then this may be a home loan worth adding to your shortlist.
This home loan package does come with a $350 annual service fee, so you will want to weigh up whether this cost is worth it for the extra features. If you’re after a basic home loan with no yearly fee to worry head to our home loans hub to compare home loans.
3.14% p.a.
n/a
n/a
n/a
3.53% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$350.00 yearly
$350.00
$350,000
$4,000,000
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
none
yes
yes
none
Zero Fee on Platinum Card and Citibank Plus Transaction Account.
none
2.84% p.a.
n/a
n/a
n/a
3.24% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$350.00 yearly
$350.00
$350,000
$4,000,000
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
none
yes
yes
none
Zero Fee on Platinum Card and Citibank Plus Transaction Account.
none
3.09% p.a.
n/a
n/a
n/a
3.48% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$350.00 yearly
$350.00
$350,000
$4,000,000
80.00%
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
none
yes
yes
none
Zero Fee on Platinum Card and Citibank Plus Transaction Account.
none
3.34% p.a.
n/a
n/a
n/a
3.73% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$350.00 yearly
$350.00
$350,000
$4,000,000
none
80.00%
Investor
Interest Only
Monthly
yes - free
no
yes
none
yes
yes
none
Zero Fee on Platinum Card and Citibank Plus Transaction Account.
none
3.39% p.a.
n/a
n/a
n/a
3.78% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$350.00 yearly
$350.00
$350,000
$4,000,000
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
none
yes
yes
none
Zero Fee on Platinum Card and Citibank Plus Transaction Account.
none
3.59% p.a.
n/a
n/a
n/a
3.97% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$250.00
n/a
$350.00 yearly
$350.00
$350,000
$4,000,000
80.00%
90.00%
Investor
Interest Only
Monthly
yes - free
no
yes
none
yes
yes
none
Zero Fee on Platinum Card and Citibank Plus Transaction Account.
none
Really unhappy about the transaction fees.
Read full reviewReally unhappy about the transaction fees.
The personal at Citibank were not very interested in me due to me being on a disability pension after a work problem. Even though I told them I was keen to return to work as I could not survive on the pension they were not interested at all in helping me in any way. The other factor was the person on the phone did not speak English very well (Indian language) and was hard to understand. Basically the end result was "speak to us when you have a job" Sure people who find themselves in this situation or even pensioners are entitled to try and improve their financial situation. This is a type of discrimination. Even going to a lower interest credit card was not posible due to being on disability pension so I could save some money. The card I currently use has a percentage rate of 21% for cash advance and I think 18.9% interest daily. Also they charge $10 per day for each day you have gone past the payment date.
Read full reviewThe personal at Citibank were not very interested in me due to me being on a disability pension after a work problem. Even though I told them I was keen to return to work as I could not survive on the pension they were not interested at all in helping me in any way. The other factor was the person on the phone did not speak English very well (Indian language) and was hard to understand. Basically the end result was "speak to us when you have a job" Sure people who find themselves in this situation or even pensioners are entitled to try and improve their financial situation. This is a type of discrimination. Even going to a lower interest credit card was not posible due to being on disability pension so I could save some money. The card I currently use has a percentage rate of 21% for cash advance and I think 18.9% interest daily. Also they charge $10 per day for each day you have gone past the payment date.
They are only a phone call away and can fix most things over the phone. Replacement cards arrive very quickly and all is very DIY which I like. They are never first to put interest rates up.
Read full reviewThey are only a phone call away and can fix most things over the phone. Replacement cards arrive very quickly and all is very DIY which I like. They are never first to put interest rates up.
Poor Service but decent product, choose only if you have limited choice and do not want to go with the big 4 banks
Read full reviewPoor Service but decent product, choose only if you have limited choice and do not want to go with the big 4 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.
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