Citibank Standard Offset Mortgage
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Moneybuddy says
The Citibank Standard Offset Mortgage has all the features of the Standard Variable but also includes a ***% offset account which can save you heaps of interest and shorten the term of your loan. Split the loan up to * times and save more cash. Make interest only payments when you need some extra money for other purchases and use the unlimited redraw feature. Pay back your loan any time 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 -
Interest rate (p.a.) 1 year -
Interest rate (p.a.) 2 years -
Interest rate (p.a.) 3 years -
Interest rate (p.a.) 4 years -
Interest rate (p.a.) 5 years -
Interest rate (p.a.) 7 years -
Interest rate (p.a.) 10 years -
Interest rate (p.a.) 15 years -
Comparison rate (p.a.) 1 year -
Comparison rate (p.a.) 2 years -
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 Yes
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
- Discount package program
- ***% offset account
Cons
- No option for Low Doc customers
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