Mortgage Plus Fixed Investment Loan (Interest Only) 2 Years (LVR < 80%)
- Last updated on 01 Apr 2020
Discount Variable Home Loan
special
Rate cut to 2.59% p.a effective on 3 April 2020Make the move to UBank's award winning home loan
2.59%
Variable
2.59%
Owner Occupier Discounted Variable Rate
2.99%
Fixed - 2 years
3.66%
$1,053
based on $300,000 loan amount for 25 years
Pros
- Parents can sign as guarantor
- Extra repayments + redraw services
- Comes with a credit card
- Free redraw facility
Cons
- Annual fee charged
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Maximum LVR 80% | Interest rate structure Fixed - 2 years |
Borrowing range $350k - $4m | Total Repayments $224,280 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account No |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $250 | Application fee $0 |
Settlement fee $250 | Valuation fee $0 |
Legal fee $0 | Ongoing fee $350 |
Discharge fee $350 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
LMI required for loans with LVR > 80%. For loans with LVR between 80.01%-85% (Without LMI), add 0.25% p.a.
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Citibank was the first foreign-owned bank to be granted a banking license in Australia, in 1985. It’s part of Citigroup, one of the largest financial services organisations in the world, which has been around for over two centuries.
Over 1,600 people work for Citibank in Australia, and it has around a million customers. Citibank has six branches in Australia, three in Sydney and one each in Melbourne, Brisbane and Perth, as well as extensive online and phone services.
