Fixed Rate Home Loan - Citibank - 2 yr fixed

Comparison Rate	6.76%
Amount	$200,000
Term	30 years
Initial Payment Est.	$1,398.43
Monthly Payment Est.	$1,267.98
Total Amount Paid Est.	$462,879
Establishment Fee	$399.00

7.50%

Target Market
A loan tailored to suit the individuals needs. Choose between variable rate, fixed rate or a combination of both.

Acceptable Income
PAYG Full-time or permanent part-time, Casual, Self Employed. ,
Self-Certified Option: ,
Borrower must have an active ABN for a minimum of 2 years and at least 12 months registration for GST is required. 12 month continuous period of BAS statements required.

Home Loan Loan Term
Minimum: 1 year
Maximum term 30 years.

Home Loan Loan Size
Minimum: $50K ,
Maximum: $4 Million

Home Loan Repayment Type
Principal and Interest or Interest only. ,
Variable or Fixed interest rates. ,
Variable Rate: Moves in line with general market rates; reviewed weekly. ,
Fixed Rate: Guaranteed for fixed period, i.e. 6 months, 1- 5 years. ,
NB: Customers will be sent a Rate Notification Letter 21 days prior to the maturity of the fixed rate, advising them of Citibank’s current interest rates for the Standard product range. ,
If the customer does not respond with instructions by the maturity date the rate will default to the current Standard Variable interest rate.

Repayment Options
Set monthly repayments paid on a set date each month throughout the term of the loan. ,
Variable rate loans - weekly, fortnightly or monthly repayments. ,
Fixed Rate - monthly repayments.

Extra Repayments
Variable Rate: Can be made at anytime, No Minimum and without penalty. ,
Fixed Rate: Penalties may apply - refer to FEE SCHEDULE section for further details.

Split Loan Facility
Minimum split amount $20K. Maximum 4 splits.

Offset
Not available.

Redraw Facility
Allows access to any funds paid into the account over and above. Allows access to any funds paid into the variable rate account over and above the regular P&I repayments. ,
Unlimited free redraws. No minimum. ,
NB: Access is by bank cheque on application.

LVR for Fixed Rate Home Loan - Citibank - 2 yr fixed

Owner Occupier Maximum LVR 90% ,
Investment Maximum LVR 90% ,
Construction Maximum LVR N/A ,
Refinance Maximum LVR 90% ,
Security location & LVR the maximum LVR is dependent on the property type and security. Refer ww.mortgagebroker.citibank.com.au Broker Guide or BDM for further information. ,
,
Residential Security (<2.2 HA) ,
Vacant Land 80% LVR without LMI. With LMI max LVR is 90%. Refer to Citibank for details. With LMI Maximum loan size $550K where land is only security and is category 1 location NSW. ,
,
Maximum LMI exposure to a borrower (new loan plus any existing insured loan) $2.5M. ,
,
Self Certified LVR ,
Self Certifier 80 Maximum LVR 80% regulated and unregulated loans ,
Self Certified Minimum $50K - maximum $2.5M for Category 1 locations. ,
Category 2 - $750K & Category 3 $500K ( up to 80% LVR ) all states ,
WA & SA & Tas & NT Maximum $750K (per 1 security) anything outside of this range please refer to BDM

Fees for Fixed Rate Home Loan - Citibank - 2 yr fixed

Establishment Fee: $399 ,
Settlement Fee $250 (displayed as Mortgage Prep Fee) ,
Monthly Service Fee: $8 per month per account for Standard Variable, Standard Fixed and Standard Offset loans and $12 per month per account for Mortgage Power loans ,
Product change: $300 ,
EPO or Interest Equalisation may apply to a mid-term rate break on ,
Fixed Rate loan. ,
Additional Fees and Charges may apply. ,
Substitution of Security - is Available ,
Substitution of Security Fee: $450 (covers 1 valuation only) ,
Stamp duty applies to any additional borrowings. If the new security is in another state, then full stamp duty will apply. ,
Government registration fees apply and vary from state to state. ,
Deferred Establishment Fee ,
$1500 < 12 months after settlement ,
$1200 13 - 24 months after settlement ,
$1000 25 - 36 months after settlement ,
,
Self Certified Deferred Establishment Fee ,
< 12 months after settlement: Min $2000. Max $3000. ,
> 12 < 24 months after settlement: Min $1500. Max $2500. ,
> 24 < 36 months after settlement: Min $1000. Max $2000.