Citi Home Loans

Citi wins Canstar Outstanding Value award


Please note: Citi is no longer accepting applications for new Citi branded home loans. Applications accepted prior to this date must be settled by 30 June 2023. Please check with Citi for more details.


What types of home loans does Citi offer?

At the time of writing, Citi offers the following types of home loans:

  • Variable rate home loan
  • Fixed rate home loan
  • First home buyer home loan
  • Refinancing home loan
  • Investment home loan

Find out about how different types of home loans work here.

See our comparison tables for details of Citi home loans:

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Variable home loan features

  • Offset account available (100% offset account)
  • Redraw facility available
  • Split rate loan option available
  • Additional repayments allowed (no penalty for extra repayments on variable rate loans, break fee penalty applies to fixed rate loans)

Please note: Citi will no longer be accepting new applications for Citibank Online Saver, Citibank Plus Account and the Cash Investment Account. Citibank Term Deposits will only be available for existing customers.


 

Citi FAQs

Applying for a Citi home loan is a simple process; just apply online by following the directions on the Citi website. You can also speak to a Citi consultant and apply over the phone on 1300 361 922 (open Mon-Fri).

Follow our applying for a home loan checklist, and use the Canstar website to compare Citi home loans with other home loans before choosing a product that suits your needs:

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Yes, Citi allows extra repayments on their variable interest home loans. There is no penalty for extra repayments on variable rate loans, but note that a break fee penalty applies to fixed rate loans for additional repayments over a certain amount per repayment cycle. Terms and conditions apply; contact your lender for details.

Yes, Citi’s variable rate home loans offer a redraw facility. Fees and charges may apply to use of a redraw facility; contact your lender for details.

If you’re in the market for a home loan, compare your home loan options with Canstar:

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Citi started operation in Australia in 1985 and was the first foreign bank to be granted a banking licence here.

Citi has two distinct groupings in Australia: the Global Consumer Bank, which provides personal financial services; and the Institutional Clients Group, which works with corporate and institutional clients.

Citi is a part of Citigroup, which is one of the world’s largest financial services organisations. Worldwide, Citigroup serves 200 million customers in 160 countries.

Citi is an active member of its community, with the Citi Foundation supporting programs to help low income earning youth find stable employment.

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National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded financial and credit products. NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to distribute and assist to administer the products.

Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.

Showing products in Canstar’s database with links to lenders’ websites. The display is sorted by the advertised interest rate (lowest to highest), then provider name (alphabetically).

Source: Canstar. Based on residential variable home loans available for a loan amount of $350,000 at 80% LVR, and available for Principal and Interest repayments. 
*Comparison rate based on loan amount of $150,000. Read the Comparison Rate Warning.

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Written by: Nina Rinella | Last updated: May 22, 2023