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 repayments

at interest rate 2.59 %

Total interest payable

$0

Total amount payable

$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

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.59%

Variable

$649

2.64%

$0
Citi
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2.69%

Variable

$649

2.84%

$8 monthly
Citi
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2.79%

Variable

$649

2.84%

$0
Citi
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2.84%

Variable

$649

2.89%

$0
Citi
More details

2.29%

Fixed - 5 years

$250

2.93%

$350 annually
Citi
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2.09%

Fixed - 3 years

$250

2.94%

$350 annually
Citi
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1.99%

Fixed - 2 years

$250

2.97%

$350 annually
Citi
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1.99%

Fixed - 1 year

$250

3.03%

$350 annually
Citi
More details

2.99%

Variable

$649

3.04%

$0
Citi
More details

2.69%

Variable

$250

3.09%

$350 annually
Citi
More details

2.94%

Variable

$649

3.09%

$8 monthly
Citi
More details

3.04%

Variable

$649

3.09%

$0
Citi
More details

2.99%

Variable

$649

3.14%

$8 monthly
Citi
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2.54%

Fixed - 5 years

$250

3.17%

$350 annually
Citi
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2.34%

Fixed - 3 years

$250

3.18%

$350 annually
Citi
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2.24%

Fixed - 2 years

$250

3.21%

$350 annually
Citi
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2.59%

Fixed - 5 years

$250

3.22%

$350 annually
Citi
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2.39%

Fixed - 3 years

$250

3.23%

$350 annually
Citi
More details

2.29%

Fixed - 2 years

$250

3.26%

$350 annually
Citi
More details

2.24%

Fixed - 1 year

$250

3.27%

$350 annually
Citi
More details

2.29%

Fixed - 1 year

$250

3.32%

$350 annually
Citi
More details

2.94%

Variable

$250

3.33%

$350 annually
Citi
More details

2.99%

Variable

$250

3.38%

$350 annually
Citi
More details

3.24%

Variable

$649

3.39%

$8 monthly
Citi
More details

3.29%

Variable

$649

3.44%

$8 monthly
Citi
More details

2.64%

Fixed - 3 years

$250

3.47%

$350 annually
Citi
More details

2.84%

Fixed - 5 years

$250

3.47%

$350 annually
Citi
More details

2.79%

Fixed - 5 years

$250

3.48%

$350 annually
Citi
More details

2.54%

Fixed - 2 years

$250

3.50%

$350 annually
Citi
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2.59%

Fixed - 3 years

$250

3.50%

$350 annually
Citi
More details

2.49%

Fixed - 2 years

$250

3.53%

$350 annually
Citi
More details

2.54%

Fixed - 1 year

$250

3.56%

$350 annually
Citi
More details

2.49%

Fixed - 1 year

$250

3.60%

$350 annually
Citi
More details

3.24%

Variable

$250

3.62%

$350 annually
Citi
More details

3.29%

Variable

$250

3.67%

$350 annually
Citi
More details

2.29%

Fixed - 5 years

$649

4.10%

$8 monthly
Citi
More details

2.54%

Fixed - 5 years

$649

4.20%

$8 monthly
Citi
More details

2.59%

Fixed - 5 years

$649

4.22%

$8 monthly
Citi
More details

2.79%

Fixed - 5 years

$649

4.30%

$8 monthly
Citi
More details

2.84%

Fixed - 5 years

$649

4.32%

$8 monthly
Citi
More details

2.09%

Fixed - 3 years

$649

4.45%

$8 monthly
Citi
More details

2.34%

Fixed - 3 years

$649

4.51%

$8 monthly
Citi
More details

2.39%

Fixed - 3 years

$649

4.53%

$8 monthly
Citi
More details

2.59%

Fixed - 3 years

$649

4.58%

$8 monthly
Citi
More details

2.64%

Fixed - 3 years

$649

4.59%

$8 monthly
Citi
More details

1.99%

Fixed - 2 years

$649

4.67%

$8 monthly
Citi
More details

2.24%

Fixed - 2 years

$649

4.72%

$8 monthly
Citi
More details

2.29%

Fixed - 2 years

$649

4.72%

$8 monthly
Citi
More details

2.49%

Fixed - 2 years

$649

4.76%

$8 monthly
Citi
More details

2.54%

Fixed - 2 years

$649

4.77%

$8 monthly
Citi
More details

1.99%

Fixed - 1 year

$649

4.94%

$8 monthly
Citi
More details

2.24%

Fixed - 1 year

$649

4.97%

$8 monthly
Citi
More details

2.29%

Fixed - 1 year

$649

4.97%

$8 monthly
Citi
More details

2.49%

Fixed - 1 year

$649

4.99%

$8 monthly
Citi
More details

2.54%

Fixed - 1 year

$649

4.99%

$8 monthly
Citi
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 Citi

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

How is the flexibility score calculated?

Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

Mortgage Balance

The amount you currently owe your mortgage lender. If you are not sure, enter your best estimate.

How does a redraw facility work?

A redraw facility attached to your loan allows you to borrow back any additional repayments that you have already paid on your loan. This can be a beneficial feature because, by paying down the principal with additional repayments, you will be charged less interest. However you will still be able to access the extra money when needed.

What factors does Real Time Ratings consider?

Real Time RatingsTM uses a range of information to provide personalised results:

  • Your loan amount
  • Your borrowing status (whether you are an owner-occupier or an investor)
  • Your loan-to-value ratio (LVR)
  • Your personal preferences (such as whether you want an offset account or to be able to make extra repayments)
  • Product information (such as a loan’s interest rate, fees and LVR requirements)
  • Market changes (such as when new loans come on to the market)

What does going guarantor' mean?

Going guarantor means a person offers up the equity in their home as security for your loan. This is a serious commitment which can have major repercussions if the person is not able to make their repayments and defaults on their loan. In this scenario, the bank will legally be able to the guarantor until the debt is settled.

Not everyone can be a guarantor. Lenders will generally only allow immediate family members to act as a guarantor but this can sometimes be stretched to include extended family depending on the circumstances.

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

What is bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

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 much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

Does Real Time Ratings' work for people who already have a home loan?

Yes. If you already have a mortgage you can use Real Time RatingsTM to compare your loan against the rest of the market. And if your rate changes, you can come back and check whether your loan is still competitive. If it isn’t, you’ll get the ammunition you need to negotiate a rate cut with your lender, or the resources to help you switch to a better lender.