Citibank Basic Mortgage

Citibank
Headline interest rate p.a.
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Max LVR
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Annual fee
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Moneybuddy says

The Citibank Basic Mortgage is the bank's Basic Variable loan. You can split this loan up to * times to guard against rate rises, and take advantage when variable rates lower. You can also make unlimited redraws to access cash when you need it. Portability means you can take the loan with you when you buy a new property. Make interest only payments monthly and make extra payments without penalty.

The Basics

Interest type -

Headline interest rate p.a. -

Max LVR -

Annual fee -

The cool stuff: features

Draw down loan progressively No

Insurance details -

Loan is Transferable Yes

Line of credit available Yes

Product suits -

The Facts & Figures

Introductory rate p.a. -

Introductory term -

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Interest rate (p.a.) 2 years -

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Interest rate (p.a.) 15 years -

Comparison rate (p.a.) 1 year -

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Comparison rate (p.a.) 3 years -

Comparison rate (p.a.) 4 years -

Comparison rate (p.a.) 5 years -

Comparison rate (p.a.) 7 years -

Comparison rate (p.a.) 10 years -

Comparison rate (p.a.) 15 years -

Comparison rate p.a. -

Minimum loan term -

Maximum loan term -

Min loan amount -

Max loan amount -

Early repayments No

Redraw facility Yes

Repayment holiday No

Ability to split loan Yes

Extra repayments Yes

Offset account available No

Interest only payments Yes

The ugly stuff: fees

Application fee -

Valuation fee -

Subsequent valuation fee -

Valuation fee details -

Discharge fee -

Discharge fee details -

Legal fee -

Settlement fee -

Redraw fee -

* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.

Pros

  • Unlimited redraws
  • Line of credit
  • Interest only repayments

Cons

  • No ***% offset
 

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