Citibank Mortgage Power Home Loan

Access the flexibility of a revolving line of credit and enjoy a low variable rate at the same time.

The Citibank Mortgage Power Home Loan is an incredibly powerful financial tool, when it's used the right way. It allows you to combine your mortgage with your transaction account, so that you're able to deposit and withdraw funds at any time without penalty.

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Rates quoted below are for principal and interest repayments on loans with an LVR less than or equal to 80% and loan amount ≥$500,000 unless otherwise stated in the product name. There may be additional loadings if your loan falls outside these parameters.

Things to consider about this loan

You have the freedom to leave your income sitting within your line of credit account, effectively reducing the amount of interest you pay on your home loan each month. As you need funds to pay for the things you need, you can access the money you have within the account at any time.

You're able to continue withdrawing funds from your line of credit home loan up to your approved credit limit. This gives you the power to pay down your balance when you want and withdraw those funds again at any time to pay for anything you need. You have the freedom to use the funds available to purchase a new car and only pay home loan rates on the money you spent. You can use it to complete home renovations or to pay for that dream holiday you've always wanted. It's up to you.

Citibank will also allow you to link a debit card to your account, to make accessing your cash easier at ATMs or via EFTPOS. The ability to link a cheque book is also an advantage. You can also choose to link a Citibank credit card to your account, giving you the power of their interest-free days on the card while your income sits in your mortgage and reduces your interest.

You can also access your accounts using Citibank's secure online banking system. This allows you to view your transaction histories, make electronic bill payments, or transfer funds to other accounts. You can also use phone banking.

Remember, you're only given 15 transactions per month going into or out of your line of credit account before excess transaction fees apply.


The Citibank Mortgage Power Home Loan is suitable for personal residential use or for investment use. You are able to use this loan to purchase a property or to refinance a current home loan from another lender. This loan isn't suited to construction purposes.

You are able to borrow up to 90% of the property value, but it's important to remember that Lender's Mortgage Insurance fees may apply if your loan amount exceeds 80% LVR (loan to value ratio).

You are able to create up to four sub-accounts for your line of credit, with a minimum split limit amount of $20,000. This can be ideal if you have investment accounts or business accounts, as you can effectively separate these from your personal accounts. This makes reporting much easier at tax time.

The payments on any line of credit home loan are calculated based on your outstanding balance at the end of each day and then collated into one monthly interest total. This gives you the ability to reduce the amount of interest you pay on your home loan by leaving as much of your salary sitting against the account until you need it to pay for other things. It also gives you the benefit of reducing your mortgage balance faster.

The interest-only calculations on your line of credit extend for up to a maximum of seven years. After this period, your repayments may revert to Principal and Interest payments; however this can be re-negotiated at the time by calling Citibank to extend it further if you wish.

Applying for the Citibank Mortgage Power home loan

You're able to submit an initial application for your home loan via Citibank's secure online web form. Enter your name and contact details, along with some information regarding the loan amount you want and then hit the 'Submit' button.

A Citibank representative will call you at a time that's convenient for you to discuss your application further with you.

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