Citibank Home Loans

Citibank Home Loans

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Everything you need to know about a Citibank Home Loan

Founded in America in 1812, Citibank became one of the first foreign banks to be given a banking licence in 1985. Today, Citi is the largest international bank in the country. However, it is still an emerging home loan provider in Australia as it is largely viewed as a credit card company rather than a mortgage lender. Citibank provides a wide selection of home loan products, mostly for conventional borrowers, and comes with unique features only a sizable global lender could offer such as no lender’s mortgage insurance for loans up to 85% of the purchase price.

Key Benefits

  • 60-day rate lock for fixed rate loans
  • Convenient for Australians who live or work abroad
  • Discount rates available


  • Rates not as low as with competitor banks
  • Not good for low doc loans
  • Higher fees than normal on some loans

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Citibank Home Loan Products Breakdown

Basic Home Loan

  • Additional payments
  • Flexibility
  • Redraw

A simple, no-fuss home loan that rewards your saving efforts

For a clear-cut home loan product with a reasonable rate and no monthly account service fees, Citibank’s Basic Mortgage is a smart choice. You also will have access to flexible features like the ability to make repayments at any time without penalty and unlimited redraw. Citi also offers discounts to reward you for saving.

Standard Fixed Home Loan

  • Fixed Terms (1 to 5 years)
  • Rate lock on application (up to 60 days)
  • No fees for extra repayments of up to $1000/month

Enjoy the comfort of knowing exactly what your monthly repayments will be

Citibank’s Fixed Mortgage product comes with a free 60-day rate lock so you can get the fixed interest rate that was available when you submitted your application rather than when your loan settles. Want to pay down your loan faster? You still have the ability to make limited extra repayments with this fixed rate home loan.

Standard Variable Home Loan

  • Flexibility
  • Redraw
  • No annual fees

Pay your loan off sooner with a flexible payment package

Take advantage of low interest rates and pay off your loan faster with flexible repayment options – with the added bonus of the ability to redraw additional repayments when needed.

Standard Offset Home Loan

  • Extra savings
  • Offset
  • Fixed loan split

An easy way to offset or reduce your total home loan amount

This is a great home loan product for strong savers. You can substantially reduce the cost of your loan by using your savings to offset your mortgage, thus reducing the interest you’ll pay. You can also pay ahead with up to $1,000 in extra repayments per month. The more you pay down your loan early, the less you’ll have to pay in interest overall.

Mortgage Plus Home Loan

  • Extra savings
  • 100% offset available when paired with a standard variable offset account
  • Interest only payments for up to 5 years (investors only)

Enjoy a range of rewarding financial products and discounts

One thing that Citi does well is rewarding its customers for saving. With this packaged home loan, you can enjoy lower interest rates if you put down a large down payment. You can also save with a fee-free or reduced credit card and a free everyday account.


Citibank Home Loan Products Comparison


Looking for your perfect match?

At eChoice, we have partnered with over 20 of Australia's leading lenders to help you find the right home loan. Chat with one of our experienced brokers today.

Estimated Refinancing Savings

Potential Lender Options

Competitive Interest Rates

Estimated Borrowing Power

Estimated Monthly Loan Repayments

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Frequently Asked Questions

How long does Citibank take to approve a loan?

Most Citibank home loans are approved within 10 working days.

Do Citibank have home loans?

Citibank have a range of home loan products, as per listed above.

Has Citibank reduced its home loan interest rate in Australia?

After the March 2020 emergency rate cut Citibank chose to reduce some of its products by 10 basis points.