Citibank Mortgage Power
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Moneybuddy says
The Citibank Mortgage Power is a Standard Variable which does two things: One, it is a secured line of credit and can be used as a day-to-day transaction account. It has most of the features you'd expect such as loan splitting, interest only payments, additional payments to reduce your loan term and there is a Low Doc process option for self employed applicants.
The Basics
Interest type -
Headline interest rate -
Max LVR -
Annual fee -
The cool stuff: features
Draw down loan progressively -
Insurance details -
Loan is Transferable No
Line of credit available No
Product suits -
The Facts & Figures
Introductory rate -
Introductory term -
Interest rate 1 year -
Interest rate 2 years -
Interest rate 3 years -
Interest rate 4 years -
Interest rate 5 years -
Interest rate 7 years -
Interest rate 10 years -
Interest rate 15 years -
Comparison rate 1 year -
Comparison rate 2 years -
Comparison rate 3 years -
Comparison rate 4 years -
Comparison rate 5 years -
Comparison rate 7 years -
Comparison rate 10 years -
Comparison rate 15 years -
Comparison rate -
Minimum loan term -
Maximum loan term -
Min loan amount -
Max loan amount -
Early repayments No
Redraw facility No
Repayment holiday No
Ability to split loan No
Extra repayments No
Offset account available No
Interest only payments No
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 information provided by advertiser or taken from advertiser website and correct at time of publishing. If this information is incorrect, please contact us.
Pros
- Pay interest only every month - up to seven years
- Redraw facility
- Low Doc process
Cons
- Higher rate for Low Doc
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