Basic Home Loan - Citibank - Basic

Comparison Rate	6.17%
Amount	$200,000
Term	30 years
Monthly Payment Est.	$1,217.16
Total Amount Paid Est.	$438,519
Establishment Fee	$399.00

6.14%

Target Market
For clients who are looking to enter the property market with a low interest rate and lower repayments. A no frills mortgage for home or investment purposes.

Acceptable Income
PAYG Full-time or permanent part-time, Casual, Self Employed. ,
Borrower must have an active ABN for a minimum of 2 years and at least 12 months registration for GST is 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 and Interest Only ,
The interest only facility is available for a maximum of 5 years after which the repayments will convert to principal & interest ,
Citibank will now allow basic mortgages to be combined with a fixed rate standard mortgage within the same facility.

Repayment Options
Principal & Interest - Weekly,fortnightly or monthly repayments.

Extra Repayments
Additional payments can be made at any time.

Split Loan Facility
Yes available may be split into a maximum of 4 accounts per facility Basic loans may be combined with Standard Fixed product.

Offset
Not available.

Redraw Facility
Free redraws.

LVR for Basic Home Loan - Citibank - Basic

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 www.mortgagebroker.citibank.com.au Broker Guide or BDM for further information.

Fees for Basic Home Loan - Citibank - Basic

Establishment Fee: $399 (includes the cost of first valuation to the value of $500) ,
Settlement Fee $250 (displayed as Mortgage Prep Fee) ,
Deferred Establishment Fees ,
For loans discharged < 12 months after settlement: $1500. ,
For loans discharged > 12 < 24 months after settlement: $1200. ,
For loans discharged > 24 < 36 months after settlement: $1000.