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Citi Standard Variable (Mortgage Plus)

Advertiser disclosure

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 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 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 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

  • Investor (Principal & Interest)

    LVR 80%-90%

    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 (Interest Only)

    LVR < 80%

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

  • Owner Occupier (Principal & Interest)

    LVR < 80%

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

  • Investor (Interest Only)

    LVR 80%-90%

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

Rate
2.99% p.a.
Comparison Rate
3.38% p.a.
Service fee
$350.00 yearly
Upfront fee
$250
Rate
2.64% p.a.
Comparison Rate
3.04% p.a.
Service fee
$350.00 yearly
Upfront fee
$250
Rate
2.74% p.a.
Comparison Rate
3.14% p.a.
Service fee
$350.00 yearly
Upfront fee
$250
Rate
3.04% p.a.
Comparison Rate
3.43% p.a.
Service fee
$350.00 yearly
Upfront fee
$250
Rate
2.39% p.a.
Comparison Rate
2.80% p.a.
Service fee
$350.00 yearly
Upfront fee
$250
Rate
3.29% p.a.
Comparison Rate
3.68% p.a.
Service fee
$350.00 yearly
Upfront fee
$250

Mozo editorial review Citi Standard Variable (Mortgage Plus) - last updated: 27 May 2021

binocular icon
What's hot
  • Variable rates start from 2.39% (2.79% comparison rate*)
  • Offset account
  • Package perks
What's not
  • $350 annual service fee
Mozo snapshot

Variable interest rates for Citi's Standard Variable (Mortgage Plus) home loan start at a low 2.39% (2.79% 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 an offset account and a number of package perks available.

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Key features

Citi’s packaged, Standard Variable (Mortgage Plus) home loan 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 2.74% (3.14% comparison rate*) for investors and even lower for owner-occupiers at 2.39% (2.79% comparison rate*). 

You can borrow between $350,000 and $4 million and the maximum loan-to-value ratio is 90%. Just bear in mind that if you put down a deposit less than 20%, you will have to pay Lenders Mortgage Insurance

In terms of features, borrowers will have the ability to make extra repayments towards their loan and make redraws via the online redraw facility. There's even an offset account, which can be handy if you're looking to reduce the overall interest you pay. After all, the sooner you pay off your home loan the less interest you’ll wind up paying.

One factor to consider is that this is a package home loan, and therefore it does come with a yearly fee. The $350 annual service cost covers additional perks such as the option of getting 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.

snapshot
Who is it good for

Citi’s Standard Variable (Mortgage Plus) could be a good fit for someone searching for a home loan with lots of extra features and perks. If you have the financial means and the willpower to make extra repayments or an offset account, then this may be an offer worth adding to your shortlist. 

question icon
Any catches

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. Aside from that, there are also one-off settlement and discharge fees to consider. If you’re after a basic home loan with no yearly fee though, head on over to our home loans hub to browse through other home loans

Details

Rates and fees information correct as at 22 September 2021. 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

2.99% p.a.

n/a

n/a

n/a

3.38% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$350.00 yearly

$350.00

Other financial bits

$350,000

$4,000,000

80.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

none

Zero Fee on Platinum Card and Citibank Plus Transaction Account.

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 September 2021. 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

2.64% p.a.

n/a

n/a

n/a

3.04% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$350.00 yearly

$350.00

Other financial bits

$350,000

$4,000,000

80.00%

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

none

Zero Fee on Platinum Card and Citibank Plus Transaction Account.

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 September 2021. 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

2.74% p.a.

n/a

n/a

n/a

3.14% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$350.00 yearly

$350.00

Other financial bits

$350,000

$4,000,000

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

none

Zero Fee on Platinum Card and Citibank Plus Transaction Account.

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 September 2021. 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

3.04% p.a.

n/a

n/a

n/a

3.43% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$350.00 yearly

$350.00

Other financial bits

$350,000

$4,000,000

none

80.00%

Features

Investor

Interest Only

Monthly

yes - free

no

yes - free

none

yes

yes

none

Zero Fee on Platinum Card and Citibank Plus Transaction Account.

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 September 2021. 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

2.39% p.a.

n/a

n/a

n/a

2.80% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$350.00 yearly

$350.00

Other financial bits

$350,000

$4,000,000

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

none

yes

yes

none

Zero Fee on Platinum Card and Citibank Plus Transaction Account.

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 September 2021. 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

3.29% p.a.

n/a

n/a

n/a

3.68% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$250.00

n/a

$350.00 yearly

$350.00

Other financial bits

$350,000

$4,000,000

80.00%

90.00%

Features

Investor

Interest Only

Monthly

yes - free

no

yes - free

none

yes

yes

none

Zero Fee on Platinum Card and Citibank Plus Transaction Account.

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.

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About Citi

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.