Citibank Home Loans
Reasons To Choose Citibank
While it has ties to a history reaching back to 1812 in the United States, the current Australia Citibank is a part of the multinational banking conglomerate Citigroup, an institution. Its global headquarters remains in New York City. Citigroup, Citibank’s parent company is one of the biggest companies in the world providing financial services to it's customers. In 1985, Citibank began operating in Australia and earned distinguishing rights for being the first foreign banking and financial services company to be a granted a license to operate in country.
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| Lender | Product | Rate | Min deposit | 100% offset | Redraw | Extra Repay | Constr- uction | Enquire |
 | Citibank Fixed 3 Years | 5.75% | 10% |  | ||||
| Citibank Fixed 2 Years | 5.80% | 10% | | ||||
| Citibank Fixed 1 Year | 5.85% | 10% | | ||||
| Citibank Fixed 4 Years | 6.15% | 10% | | ||||
| Citibank Fixed 5 Years | 6.40% | 10% | | ||||
| Citibank Standard Variable | 6.50% | 10% | | | |||
| Citibank Mortgage Plus Professional | 6.62% | 10% | | | | ||
| Citibank Basic Variable | 6.66% | 10% | | | |||
| Citibank Mortgage Power | 6.94% | 10% | | |
As a whole, Citibank has developed a strong consumer banking structure that provides some of the best financial services in the world. The company tackles a variety of markets including deposit accounts, foreign currency deposits, and investments. Additionally, Citibank offers charge cards, credit cards, insurance, and mortgages.
In terms of home loan options, Citi has several main types that offer a selection of great benefits to borrowers. They include the Basic Variable Mortgage, Fixed Mortgage, Standard Mortgage, Standard Offset Mortgage, Mortgage Power, and Mortgage Plus. The fixed rate option comes in 1, 2, 3, 4, and 5 year terms. The Citi Standard Mortgage comes in fixed, variable, and mixed options. Offset mortgage allows you to use your savings account to offset daily against the balance of the home loan, allowing you to pay less interest.
With the Mortgage Plus, you have a premium loan product package. It allows you to choose a home loan while also including the benefits of the fee-free Citibank Platinum credit card. Mortgage Power, on the other hand, is a revolving line of credit that combines a home loan with a transaction account. It lets you make use of the equity you’ve built up in the home.
Citibank caters to different types of borrowers. It can offer an affordable lending option whether you are a first home buyer, looking to refinance, searching for investment opportunities, or you are an overseas borrower. Even those who are self-employed can have the opportunity to choose one of Citibank’s home loans at discounted rates provided you can meet three basic criteria: proof of employment, three years working, and proof you can service the loan.
