Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .
Citi is a global bank and a subdivision of Citigroup, one of the largest financial institutions in the world. As a result, Citi Australia combines the global knowledge of a worldwide financial presence with the local knowledge of what makes the Australian mortgage market tick.
The first foreign bank to be granted a full banking license in Australia, Citi has been here in full since 1985, but the company's history in Australia stretches much further back than that, having first applied to open a branch in 1916 – they later opened a representative office in 1926, nearly 100 years ago.
It offers a full range of financial services products, including transaction accounts to home loans, personal loans, and credit cards.
As you might expect from such an established institution, Citi has a wide variety of home loan products available to interested borrowers.
You can apply for a Citi Loan online, and you will need to be able to provide the following information:
- You will need to be at least 18 years of age
- Proof of Identification: Enough to pass the 100 point check, which can include your passport, birth certificate, etc.
- You will need to be able to provide evidence of your financial details when you apply, so make sure you hang on to your tax returns, pay slips, and other financial details.
- A list of your income against your expenses, which will show the lender a more complete view of your current financial situation as far as incoming and outgoing cash flow is concerned.
- A list of assets and debts - assets include things like existing properties and investments as well as savings, while debts are any open lines of credit or other loans, etc.
- Details about the property you're planning to buy, such as the price of the property and how much you are looking to borrow.