Citi home loan repayment calculator

Thinking about taking out a home loan with Citi? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Citi home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 2.59%

Total interest payable

$0

Total loan repayments

$0

Pros and cons

  • Global player.
  • Very flexible loan products.
  • Full range of financial services available.
  • Competitive fixed rate loans available.
  • High fees.

Citi home loans rates

Advertised Rate

2.59%

Variable

Total estimated upfront fees
$649
Comparison Rate*

2.64%

Ongoing fee
$0
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Advertised Rate

2.69%

Variable

Total estimated upfront fees
$649
Comparison Rate*

2.84%

Ongoing fee
$8 monthly
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Advertised Rate

2.79%

Variable

Total estimated upfront fees
$649
Comparison Rate*

2.84%

Ongoing fee
$0
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Advertised Rate

2.84%

Variable

Total estimated upfront fees
$649
Comparison Rate*

2.89%

Ongoing fee
$0
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More details
Advertised Rate

2.29%

Fixed - 5 years

Total estimated upfront fees
$250
Comparison Rate*

2.93%

Ongoing fee
$350 annually
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Advertised Rate

2.09%

Fixed - 3 years

Total estimated upfront fees
$250
Comparison Rate*

2.94%

Ongoing fee
$350 annually
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Advertised Rate

1.99%

Fixed - 2 years

Total estimated upfront fees
$250
Comparison Rate*

2.97%

Ongoing fee
$350 annually
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Advertised Rate

1.99%

Fixed - 1 year

Total estimated upfront fees
$250
Comparison Rate*

3.03%

Ongoing fee
$350 annually
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Advertised Rate

2.99%

Variable

Total estimated upfront fees
$649
Comparison Rate*

3.04%

Ongoing fee
$0
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More details
Advertised Rate

2.69%

Variable

Total estimated upfront fees
$250
Comparison Rate*

3.09%

Ongoing fee
$350 annually
Go to site
More details
Advertised Rate

2.94%

Variable

Total estimated upfront fees
$649
Comparison Rate*

3.09%

Ongoing fee
$8 monthly
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More details
Advertised Rate

3.04%

Variable

Total estimated upfront fees
$649
Comparison Rate*

3.09%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$649
Comparison Rate*

3.14%

Ongoing fee
$8 monthly
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Advertised Rate

2.54%

Fixed - 5 years

Total estimated upfront fees
$250
Comparison Rate*

3.17%

Ongoing fee
$350 annually
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Advertised Rate

2.34%

Fixed - 3 years

Total estimated upfront fees
$250
Comparison Rate*

3.18%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.24%

Fixed - 2 years

Total estimated upfront fees
$250
Comparison Rate*

3.21%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.59%

Fixed - 5 years

Total estimated upfront fees
$250
Comparison Rate*

3.22%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.39%

Fixed - 3 years

Total estimated upfront fees
$250
Comparison Rate*

3.23%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.29%

Fixed - 2 years

Total estimated upfront fees
$250
Comparison Rate*

3.26%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.24%

Fixed - 1 year

Total estimated upfront fees
$250
Comparison Rate*

3.27%

Ongoing fee
$350 annually
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Advertised Rate

2.29%

Fixed - 1 year

Total estimated upfront fees
$250
Comparison Rate*

3.32%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.94%

Variable

Total estimated upfront fees
$250
Comparison Rate*

3.33%

Ongoing fee
$350 annually
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Advertised Rate

2.99%

Variable

Total estimated upfront fees
$250
Comparison Rate*

3.38%

Ongoing fee
$350 annually
Go to site
More details
Advertised Rate

3.24%

Variable

Total estimated upfront fees
$649
Comparison Rate*

3.39%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.29%

Variable

Total estimated upfront fees
$649
Comparison Rate*

3.44%

Ongoing fee
$8 monthly
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More details
Advertised Rate

2.64%

Fixed - 3 years

Total estimated upfront fees
$250
Comparison Rate*

3.47%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.84%

Fixed - 5 years

Total estimated upfront fees
$250
Comparison Rate*

3.47%

Ongoing fee
$350 annually
Go to site
More details
Advertised Rate

2.79%

Fixed - 5 years

Total estimated upfront fees
$250
Comparison Rate*

3.48%

Ongoing fee
$350 annually
Go to site
More details
Advertised Rate

2.54%

Fixed - 2 years

Total estimated upfront fees
$250
Comparison Rate*

3.50%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.59%

Fixed - 3 years

Total estimated upfront fees
$250
Comparison Rate*

3.50%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.49%

Fixed - 2 years

Total estimated upfront fees
$250
Comparison Rate*

3.53%

Ongoing fee
$350 annually
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More details
Advertised Rate

2.54%

Fixed - 1 year

Total estimated upfront fees
$250
Comparison Rate*

3.56%

Ongoing fee
$350 annually
Go to site
More details
Advertised Rate

2.49%

Fixed - 1 year

Total estimated upfront fees
$250
Comparison Rate*

3.60%

Ongoing fee
$350 annually
Go to site
More details
Advertised Rate

3.24%

Variable

Total estimated upfront fees
$250
Comparison Rate*

3.62%

Ongoing fee
$350 annually
Go to site
More details
Advertised Rate

3.29%

Variable

Total estimated upfront fees
$250
Comparison Rate*

3.67%

Ongoing fee
$350 annually
Go to site
More details
Advertised Rate

2.29%

Fixed - 5 years

Total estimated upfront fees
$649
Comparison Rate*

4.10%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.54%

Fixed - 5 years

Total estimated upfront fees
$649
Comparison Rate*

4.20%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.59%

Fixed - 5 years

Total estimated upfront fees
$649
Comparison Rate*

4.22%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.79%

Fixed - 5 years

Total estimated upfront fees
$649
Comparison Rate*

4.30%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.84%

Fixed - 5 years

Total estimated upfront fees
$649
Comparison Rate*

4.32%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.09%

Fixed - 3 years

Total estimated upfront fees
$649
Comparison Rate*

4.45%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.34%

Fixed - 3 years

Total estimated upfront fees
$649
Comparison Rate*

4.51%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.39%

Fixed - 3 years

Total estimated upfront fees
$649
Comparison Rate*

4.53%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.59%

Fixed - 3 years

Total estimated upfront fees
$649
Comparison Rate*

4.58%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.64%

Fixed - 3 years

Total estimated upfront fees
$649
Comparison Rate*

4.59%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

1.99%

Fixed - 2 years

Total estimated upfront fees
$649
Comparison Rate*

4.67%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.24%

Fixed - 2 years

Total estimated upfront fees
$649
Comparison Rate*

4.72%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.29%

Fixed - 2 years

Total estimated upfront fees
$649
Comparison Rate*

4.72%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.49%

Fixed - 2 years

Total estimated upfront fees
$649
Comparison Rate*

4.76%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.54%

Fixed - 2 years

Total estimated upfront fees
$649
Comparison Rate*

4.77%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

1.99%

Fixed - 1 year

Total estimated upfront fees
$649
Comparison Rate*

4.94%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.24%

Fixed - 1 year

Total estimated upfront fees
$649
Comparison Rate*

4.97%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.29%

Fixed - 1 year

Total estimated upfront fees
$649
Comparison Rate*

4.97%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.49%

Fixed - 1 year

Total estimated upfront fees
$649
Comparison Rate*

4.99%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.54%

Fixed - 1 year

Total estimated upfront fees
$649
Comparison Rate*

4.99%

Ongoing fee
$8 monthly
Go to site
More details

Citi customer service

Citibank has a 24/7 support via its website. Some of its services for members and prospective borrowers include mortgage brokers, a live chat service and a inbound call centre. Customers can access their funds via a large network of Citibank ATMs located around Australia.

  • Customer service centre (phone, email, branch)
  • Online banking
  • Live Chat
  • Mobile banking staff

How to Apply

Borrowers can apply for a Citibank loan online or arrange for a consultation with a customer service representative. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.

About Citibank home loans

There are a variety of home loans offered by Citibank:

  • Owner-occupied
  • Investment
  • First home buyers
  • Refinancers
  • Upgraders
  • Renovators
  • Overseas home buyers
  • Line of credit
  • Self-employed (low-doc)

Citibank home loans also come with several interest rate options:

  • Variable rate
  • Fixed rate
  • Principal and interest
  • Interest-only
  • Split loans

The longest home loan term offered by Citibank is 30 years. Repayments can be made weekly, fortnightly or monthly. Several of its products allow borrowers to use parents as guarantors, and also offer mortgages up to 90 per cent of the home’s value.

The fixed-term interest rates offered by Citibank range from six months to five years. Many of its products also offer offset accounts, redraw services and the option to make extra payments.

A rare service that Citibank offers is mortgages for non-Australian citizens and non-permanent residents. However, the bank doesn’t offer superannuation home loans for SMSFs or reverse mortgages for seniors.

Citibank home loan rates

Home loan interest rates vary significantly with Citibank, depending on the borrower’s situation. There are different interest rates for owner-occupied mortgages compared to investment mortgages. Line of credit home loans also have significantly higher interest rates than standard home loans.

Owner-occupied home loans generally have moderate interest rates compared to other lenders in Australia. Investment home loans offered by Citibank also tend to be moderate for borrowers paying interest and principal.

Citibank’s upfront fees tend to be moderately high, but the ongoing mortgage fees are moderate to moderately low. The bank does, however, offer discounts on fees if home loans are bundles with other Citibank products like credit cards. It also advertises interest rate discounts for borrowers with loan-to-value ratios (LVRs) below 80 per cent.

It’s worth comparing the current interest rates and fees at Citibank to make sure you are getting the best home loan rates for your situation.

Citibank home loan review

Citibank’s home loan portfolio is significantly smaller than that of the big four banks, but it delivers certain perks and flexibility to its customers.

For self-employed borrowers, Citibank offers home loans that come with the same interest rates and home loan options as its other owner-occupied mortgages. The investment home loans are also flexible, with the ability to get line of credit and interest-only for several years. As a foreign-owned bank, it also caters for overseas buyers, offering specific home loan products and services to suit non-citizens and non-permanent residents of Australia.

Overall, Citibank’s interest rates are moderate compared to other banks in Australia, but Citibank does offer discounts on home loan packages, as well as rewards that are on top of their advertised rates.

Although Citibank doesn’t have many branches, it has a team of mobile mortgage specialists across the country.

Learn more about home loans

What are the benefits of getting a pre-approved home loan from Citibank?

While hunting for your dream home, getting a Citibank home loan pre-approval can have multiple benefits, which include:

  • You'll have an idea on your personal price range, which can save time to find your home.
  • With a pre-approved home loan, you may find yourself with more financial control to better decide how much you can spend.
  • A Citibank pre-approved home loan is a commitment  by a lender that signals you're ready to jump into the property market.

You can apply for pre-approval by providing basic details, such as name, email, and phone number on the bank’s website. Alternatively, you can contact the bank on 1300 361 922 or find a home lending officer on the website.

Does the Home Loan Rate Promise apply to discounted interest rate offers, such as honeymoon rates?

No. Temporary discounts to home loan interest rates will expire after a limited time, so they aren’t valid for comparing home loans as part of the Home Loan Rate Promise.

However, if your home loan has been discounted from the lender’s standard rate on a permanent basis, you can check if we can find an even lower rate that could apply to you.

How do I apply for a home improvement loan?

When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying. 

Besides taking out a home improvement loan, you could also:

  1. Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement.  Speak with your lender or a mortgage broker about accessing your equity.
  2. Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
  3. Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
  4. Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.  

What is the average length of a home loan?

Most Aussie lenders offer home loans with a 30-year term, meaning that you should pay back the full loan amount and the interest you owe on the amount in 30 years. 

However, home loans can also have a shorter or longer term. They may be as low as ten years or up to 45 years, depending on the product and lender. 

It’s worth remembering that a longer loan term usually means you’ll end up paying a lot more interest in total, but your scheduled repayments may be more manageable. In contrast, you could opt for a shorter loan term if you are comfortable making large repayments in exchange for paying less interest over the term of the loan.

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

How do I get a Suncorp home loan pre-approval?

Getting home loan pre-approval helps you work out a budget to help you search for a suitable property and make an offer with confidence. Once you put in an application, you should get your pre-approval outcome within two business days. To help get a fast turnaround time of your pre-approval application, ensure all the information and documentation that Suncorp requires. This includes proof of identification, recent payslips, bank account and credit card statements.

You can submit the home loan pre-approval application online. You’ll be asked for information about your income, expenses, assets, and debts. It should take you about 10 minutes to fill out the application, and you can do it free of charge. A Suncorp lending specialist will review your application and contact you within 24 hours or the next working day. Suncorp will not run a credit check until you have heard from this lending specialist.

Once you get Suncorp home loan pre-approval, it’s valid for 90 days. If you don’t find a property you wish to buy in this time you may be able to apply for an extension, speak to your Suncorp lending specialist about this.

Can I get a NAB first home loan?

The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.

Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.

If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.

The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

How can I get ANZ home loan pre-approval?

Shopping for a new home is an exciting experience and getting a pre-approval on the loan may give you the peace of mind that you are looking at properties within your budget. 

At the time of applying for the ANZ Bank home loan pre-approval, you will be required to provide proof of employment and income, along with records of your savings and debts.

An ANZ home loan pre-approval time frame is usually up to three months. However, being pre-approved doesn’t necessarily mean you will get your home loan. Other factors could lead to your home loan application being rejected, even with a prior pre-approval. Some factors include the property evaluation not meeting the bank’s criteria or a change in your financial circumstances.

You can make an application for ANZ home loan pre-approval online or call on 1800100641 Mon-Fri 8.00 am to 8.00 pm (AEST).

How do you qualify for a CBA home loan with casual employment?

Qualifying for a home loan without a full-time job may be challenging, but it can be done. The first step is to understand how a CBA home loan is assessed when you have casual employment.

Most lenders will assess your expenses and savings while checking your loan eligibility, checking on factors crucial to home loan approval, such as if your bills are paid on time and what your credit score presently looks like. 

Your income can be one of the most critical factors to determine your final approved home loan amount. As such, you’ll need to provide payslip copies to lenders to assist them in assessing your income during the loan tenure, regardless of your employment status, full-time, part-time, or otherwise.

Casual employees will want to be casually employed for at least 12 months to be eligible for a home loan. Alternatively, you want to have worked as a permanent casual worker (working for a fixed number of hours per week) for at least one month, or you should have been in your current job for a minimum of three months (if the hours are irregular) to be eligible for the loan.

How can I apply for a first home buyers loan with Commonwealth Bank?

Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.

You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.

You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.

CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property.  The link to download this app is available on the same webpage.

If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.

Can first home buyers apply for an ING home loan?

First home buyers can apply for an ING home loan, but first, they need to select the most suitable home loan product and calculate the initial deposit on their home loan. 

First-time buyers can also use ING’s online tool to estimate the amount they can borrow. ING offers home loan applicants a free property report to look up property value estimates. 

First home loan applicants struggling to understand the terms used may consider looking up ING’s first home buyer guide. Once the home buyer is ready to apply for the loan, they can complete an online application or call ING at 1800 100 258 during regular business hours.

How do I apply for Westpac’s first home buyer loan?

If you’re a first home buyer looking to apply for a home loan with Westpac, they offer an online home loan application. They suggest the application can be completed in about 20 minutes. Based on the information you provide, Westpac will advise you the amount you can borrow and the costs associated with any possible home loan. 

You can use Westpac’s online mortgage calculators to estimate your borrowing power. You can also work out the time it might take to save up for the deposit, and the size of your home loan repayments

When applying for a home loan with Westpac, you’re assigned a home finance manager who can address your concerns and provide information. The manager will also offer guidance on any government grants you may be eligible for. 

How do you determine which home loan rates/products I’m shown?

When you check your home loan rate, you’ll supply some basic information about your current loan, including the amount owing on your mortgage and your current interest rate.

We’ll compare this information to the home loan options in the RateCity database and show you which home loan products you may be eligible to apply for.

 

What are the responsibilities of a mortgage broker?

Mortgage brokers act as the go-between for borrowers looking for a home loan and the lenders offering the loan. They offer personalised advice to help borrowers choose the right home loan for their needs.

In Australia, mortgage brokers are required by law to carry an Australian Credit License (ACL) if they offer credit assistance services. Which is the legal term for guidance regarding the different kinds of credit offered by lenders, including home loan mortgages. They may not need this license if they are working for an aggregator, for instance, as a franchisee. In both these situations, they need to comply with the regulations laid down by the Australian Securities and Investments Commission (ASIC).

These regulations, which are stipulated by Australian legislation, require mortgage brokers to comply with what are called “responsible lending” and “best interest” obligations. Responsible lending obligations mean brokers have to suggest “suitable” home loans. This means loans that you can easily qualify for,  actually meet your needs, and don’t prove unnecessarily challenging for you.

Starting 1 January 2021, mortgage brokers must comply with best interest obligations in addition to responsible lending obligations. These require mortgage brokers to act in the best interest of their customers and also requires them to prioritise their customers’ interests over their own. For instance, a mortgage broker may not recommend a lender who gives them a commission if that lender’s home loan offer does not benefit that particular customer.