Citibank <80% LVR Home Loan Owner Occupied P&I 3.55% (CR 3.57%) > $500,000 Balance + $800 Cashback @ Obtain Finance

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Greetings fellow Ozbargainers. We have access to a discounted Home Loan Offer from Citibank that may be of interest to some of you. To further help offset your switching costs a further cashback of $800 is being offered by us payable within 30 days after settlement. Message us through Ozbargain or email loans@obtainfinance.com.au or speak to us on 02 8091 5797 for further info about this deal and other special home loan offers available. Please note that this offer applies for loans balance over $500,000.

No annual fee and unlimited free redraw.
Owner Occupied Rate Table
Interest Rate Comparison Rate
3.55% 3.56%
Investment Rate Table
Interest Rate Comparison Rate
3.89% 3.90%
Fee Table

($800 broker rebate to cover this and most of the current lenders discharge fee if refinancing)

Application Fee Settlement Fee Ongoing Fees
$299 $250 $0
Call

02 8091 5797

Email

loans@obtainfinance.com.au

Credit Licence: 506992

Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Related Stores

Obtain Finance
Obtain Finance
Citibank Australia
Citibank Australia

Comments

  • +3 votes

    No free offset, no deal for me.

    Also people should consider that $800 might not cover all your fees from switching providers.

    OP: how often do citi jack their rate from when you sign up?

  •  

    I have used obtainfinance before and happy to share my experience. I found Michael Short reliable and professional. I would highly recommend for a quick and easy refinance if anyone is considering this deal.

  •  

    Why can't we do this directly with citibank instead of a random broker?

  • +1 vote

    $800 refinance bonus is very average. And no free offset account as mentioned above

    •  

      Any suggestions of a better refinance offer?

      •  

        Bankwest has $1500 rebate.
        3.72% with $395 annual fee, 9 offsets and credit card.

        •  

          Why would you ever need 9 offset accounts? 1 would be enough?

        •  

          The higher rate and 395 annual fee are rough and discount the benefits of the rebate, don't they? It's obviously a different product for different needs, but I don't need a bundled credit card or that many offsets. That's a lot of offsets!

          • +1 vote

            @somethingguy: It's a great rate and product. Bankwest offers up to 9 offsets, just part of their offering. Some lenders only offer 1.
            The above loan is greater than $500,000 where Bankwest is greater than $200,000.

            Most people don't need an offset account, redraw is more than enough for most.

  • -1 vote

    Is the 500K a single mortgage? If I bring multiple mortgages across? Not a fan of broker services and Citibank is not customer owned (see royal commission). Ongoing service and relationship would be non existent. Further more take these rates to a customer owned bank or credit union and they will do their best to beat it.

    • +1 vote

      Any customer owned bank or credit union you can recommend?

    •  

      You will always get lower than advertised rates if you ask and you are bringing a 500k mortgage with this deal. Greater Bank, Newcastle Permanant are good. Regional Australia Bank is the best bank in Australia for it's contribution to communities and always tries to get the best rate also. No shareholder means they exist for the customer. Just my 2 cents. People have a longer relationship with banks then they do with married partner so choose wisely.

  • +1 vote

    OP, why not provide a transparent fact sheet that outlines all the important details. Any ongoing fees? Other fees? Discharge fees? Etc.

  • -1 vote

    Call CBA first. It seems they are always happy to match offers from other 'major' banks and lending institutions for customers with excellent credit rating.