Citibank Standard Variable Mortgage
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100%
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Moneybuddy says
The Citibank Standard Variable Mortgage has a number of features including a 12 month introductory rate, up to 100% LVR, loan split, additional repayments without penalty and interest only payments. You can package your loan with a Gold Visa card. This gives even more savings such as no monthly fees and discounted interest rate. Credit card available to approved applicants only.
The Basics
Interest type -
Headline interest rate -
Max LVR 100%
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 -
Introductory term 12%
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 8.20%
Minimum loan term -
Maximum loan term 30 years
Min loan amount $50,000
Max loan amount $4,000,000
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 $399
Valuation fee -
Subsequent valuation fee -
Valuation fee details -
Discharge fee -
Discharge fee details -
Legal fee -
Settlement fee $250
Redraw fee $0
* 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
- Unlimited redraws
- Line of credit
- Interest only repayments
- Discount package program
Cons
- No 100% offset
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