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If you are in the market for a home loan or want to change your current home loan, Citi offers fixed mortgages that may work for you. These loan allows you to maintain a stable finance by keeping your interest rate constant. It never changes over the life of the fixed period. You also gain certainty knowing how much your repayment amount is each month so you can better budget your finances.
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Review by
Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.
The rate is secure for sixty days once you apply for the loan. So the rate on the day you first apply for the loan is locked in — a feature which costs a substantial fee with other banks. This gives you sufficient time to get your loan approved without worrying about an increase in the interest rate.
You are also allowed to make extra payments of a specific amount each month without incurring any penalties — a great flexible feature. You can make repayments while your interest rate stays the same.
All financial securities are required to follow the standards of Citigroup credit. Legal fees may be applicable, depending on the bank establishment. There are applicable terms and conditions. You can receive information about these upon request. There are also applicable fees and charges. If the loan is approved within the sixty day fixed rate quote, the principal fixed interest rate will apply.
The application process takes about five minutes to complete. It offers an idea of how much you can borrow, depending on how accurate the information is that you provided.
When applying, you will need to select:
Once you enquire about this loan — Citi provides an online calculator to work out how much you are qualified to borrow. You'll also learn how fast you can pay off your loan with extra repayment amounts as well as the fees and charges associated with your loan repayment, if any.
4 Comments
November 12, 2014
Hi
do you offer SMSF loans at 80% LVR with no personal guarantee required
thanks
November 12, 2014
Hi Victor,
Thanks for your question.
You can compare a range of SMSF loans to check what may be right for you.
I hope this has helped.
Thanks,
Elizabeth
May 18, 2014
We are 63 & 64 yo have a home valued at app 365k
Debt totalling 325k
We wish to build another home and still have somewhere to live while building then sell current home and live in new one
Total of new approx 375k
Combined income 136000k PAYG with agreement for further 15 years Can you help please ?
May 19, 2014
Hi Graeme,
thanks for the question.
Unfortunately as we’re not representatives of Citibank, we can’t answer whether or not you’d be eligible for a loan with Citibank. They have their own unique lending criteria which will take into account your credit file, income, assets and existing debts. You might want to contact them directly to find out more.
Sorry I couldn’t be of more help,
Marc.