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Citibank Home Loan from 1.89% 1-Year Fixed + 0.25% Heroes Home Loans Broker Cashback

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Citibank Home Loan from 1.89% 1-Year Fixed + 0.25% Heroes Home Loans Broker Cashback
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AssociatedLWilson Heroes HL @ Heroes Home Loans on 15/11/2021 - 21:26 www1.citibank.com.au (227 clicks)
Last edited 12/12/2021 - 15:43 by 2 other users

If you haven't hear the news Westpac and NAB have increased their rates again today, with their new 2 year fixed rate standing at 2.49%.
According to RBA it's expect further rate increase to come in this year or the next year, https://www.theguardian.com/australia-news/2021/nov/02/rba-f…

As a result I had a huge rush of client's trying to lock in their rates before there's further increase in rates.
Citibank offers a much more competitive rate plus they offer up to 6K cashback and a free 60 day rate lock (which normally cost between $750 or 0.15% of the loan amount).

Offer extended with updated rates for December

P&I packaged HOME LOAN

1.89% for 1 years fixed for home loans (CPR 2.75%)
2.18% for 2 years fixed for home loans (CPR 2.76%)
2.59% for 3 years fixed for home loans (CPR 2.84%)

P&I packaged INVESTMENT LOAN

2.19% for 1 years fixed for investment loans (CPR 3.09%)
2.47% for 2 years fixed for investment loans (CPR 3.09%)
2.89% for 3 years fixed for home loans (CPR 3.17%)

Interest Only INVESTMENT LOAN

2.39% for 1 years fixed for investment loans (CPR 3.37%)
2.68% for 2 years fixed for investment loans (CPR 3.37%)
3.09% for 3 years fixed for home loans (CPR 3.44%)

Variable rates are subject to pricing. Please contact us for details.

rates are subject to lender changes

Fees for Mortgage Plus Package loans
$250 Settlement Fee
$350 Annual Fee

$6,000 cashback where the home loan amount is $1,000,000 or more;
$4,000 cashback where the home loan amount is $750,000 or more;
$3,000 cashback where the amount is less than $750,000
APPLICATION MUST BE SUBMITTED BEFORE THE 30th of NOVEMBER 2021 and SETTLED BY 28th of FEBURARY 2022. 31th of DECEMBER 2021 and SETTLED BY 31th of MARCH 2022.

Revised terms & conditions apply

BROKER OFFER DEAL
0.25% ADDITIONAL CASHBACK ON TOP EXISTING CASHBACK - THIS OFFER IS ONLY AVAILABLE FOR APPLICATION VIA THE BROKER (HEROES HOME LOANS). For example a $1 000 000 refinance would get the $6000 plus an additional $2500 cashback on top (total $8500) if you go through us (broker)

We are a Sydney Based Broker that has several years experience in mortgage industry and have access to 45 different lenders. Please call us or message us for a consultation. Thank you.

Wilson Yuan
Managing Director
M : 0479107213
E : [email protected]
W: www.heroeshomeloans.com.au

Credit Representative Number is 530101 under Australia's Services Australian Credit License (ACL) 389328 © 2021 HEROES HOME LOANS AUSTRALIA PTY LTD

Financial Cashback Home Loan Refinance

Related Stores

Citibank Australia
Citibank Australia
Heroes Home Loans
Heroes Home Loans
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closed Comments

  • HeyHi on 15/11/2021 - 21:32

    Is 2.18% for two years the new low now?

    • AssociatedWilson Heroes HL @ Heroes Home Loans on 16/11/2021 - 08:25

      As a point of comparison, NAB 2 year fixed is now 2.34% (before 2.09%) and Westpac is 2.34% (before 2.09%) and both options only offer 3K cashback compare to Citibank 6ks.

  • absentix on 16/11/2021 - 06:30

    How is your broker cashback paid? In one lump sum? Also what is the clawback clause?

  • thehub on 16/11/2021 - 08:45
    +2

    "According to RBA it's expect further rate increase to come in this year or the next year…"

    This is misleading. The RBA did not say it expects a rate rise this year or next year.

    It did discontinue the 10bps target for the April 2024 government bond, which of course suggests that a rate rise is likely to come sooner.

    But the RBA said it will "not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range. This will require the labour market to be tight enough to generate wages growth that is materially higher than it is currently. This is likely to take some time."

    • thehub on 16/11/2021 - 14:11

      RBA governor Philip Lowe just delivered a speech today. In it, he said that the RBA's "central scenario is that underlying inflation reaches the middle of the target by the end of 2023."

      If these expectations come to pass, we won't see a cash rate increase until 2024.

  • [Deactivated] on 16/11/2021 - 14:01

    When I asked relationship manager at Citibank (pre-NAB purchase) about home loan he recommended look elsewhere. You can only guess why.

  • baron33 on 17/11/2021 - 23:42

    settlement fee? I think big banks never charge this when refinance?

  • AssociatedWilson Heroes HL @ Heroes Home Loans on 07/12/2021 - 17:11
    Merged from Up to $6,000 Cashback + 0.25% Cashback (Broker) for Refinance & Purchase & Rates from 1.89% 1 Yrs Fixed @ Citibank

    Hi All

    We know rates are tipped to go up, so now is a perfect time to lock in low rate while they still available. Citibank has extend their $6000 cashback program, the rates are the following.

    P&I packaged HOME LOAN
    1.89% for 1 years fixed for home loans (CPR 2.75%)
    2.33% for 2 years fixed for home loans (CPR 2.78%)
    2.79% for 3 years fixed for home loans (CPR 2.89%)

    P&I packaged INVESTMENT LOAN
    2.19% for 1 years fixed for investment loans (CPR 3.09%)
    2.63% for 2 years fixed for investment loans (CPR 3.12%)
    3.09% for 3 years fixed for home loans (CPR 3.22%)

    Interest Only INVESTMENT LOAN
    2.39% for 1 years fixed for investment loans (CPR 3.37%)
    2.83% for 2 years fixed for investment loans (CPR 3.39%)
    3.29% for 3 years fixed for home loans (CPR 3.49%)

    Variable rates are subject to pricing. Please contact us for details.
    rates are subject to lender changes

    Fees for Mortgage Plus Package loans
    $250 Settlement Fee
    $350 Annual Fee

    ** FREE 60 DAY RATE LOCK**
    $6,000 cashback where the home loan amount is $1,000,000 or more;
    $4,000 cashback where the home loan amount is $750,000 or more;
    $3,000 cashback where the amount is less than $750,000

    APPLICATION MUST BE SUBMITTED BEFORE THE 31th of DECEMBER 2021 and SETTLED BY 31th of MARCH 2022.
    Terms & conditions apply - https://drive.google.com/file/d/1NkdTZAWEsYjPxZ9gPszNwJnWNNd…

    0.25% Broker Rebate

    In ADDITION to bank rebates, Heroes Home Loans gives a rebate of 0.25% of loan size (net at drawdown) for ANY bank or product,[ONLY APPLICABLE VIA BROKER] **
    eg:
    **$400,000 = $1,000 Broker cash rebate
    $700,000 = $1,750 Broker cash rebate
    $1,000,000 = $2,500 Broker cash rebate

    Cash Rebate is paid 50/50 after 1 month and 18 month of settlement or if you refinance after 12months but still use our service for the refinance (and stay for at least 12 months with the new lender) you will still receive the second payment.

    We are a Sydney Based Broker that has several years' experience in mortgage industry and have access to 45 different lenders. Please call us or message us for a consultation. Thank you.

    Wilson Yuan
    Managing Director
    M : 0479107213
    E : [email protected]
    W: www.heroeshomeloans.com.au

    Credit Representative Number is 530101 under Australia's Services Australian Credit License (ACL) 389328 © 2021 HEROES HOME LOANS AUSTRALIA PTY LTD

    • Whatisthatvelvet on 07/12/2021 - 17:13
      +6

      Unfortunately the only thing bold is the word bold

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 07/12/2021 - 17:23

        my bad all fixed up :)

    • ntt on 07/12/2021 - 17:19

      More bold please

    • codhopper on 07/12/2021 - 17:26

      Cannot read terms and conditions…

      Any minimum loan amount? I am looking to move away from the commonwealth bank with about 200k left.

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 07/12/2021 - 18:04

        Minimum loan is $350K but there are other lenders that we have available that we can offer that will give you a much better rate than CBA.

        • tunzafun001 on 07/12/2021 - 23:04

          Can you just borrow, say 80% of the full property value to get above the $350k minimum issue. Then whack it in an offset account?

    • gingerscale on 07/12/2021 - 17:29

      whos got amartgage of a mil +. Thats highly leveraged

      • Fancydancer on 07/12/2021 - 17:37
        +3

        Kids these days

      • keejoonc on 07/12/2021 - 17:38
        +1

        That's relative to the value of the house and their income.

        • AssociatedWilson Heroes HL @ Heroes Home Loans on 07/12/2021 - 17:52

          Median house is 1.5 million in Sydney, so unfortunately people will have to borrow $1million + to purchase a property especially if they are just entering the market.

    • thedriver on 07/12/2021 - 17:43

      Please put up to $6000 on the title

    • KH234 on 07/12/2021 - 17:51

      How many weeks normally takes to refinance from ANZ? fast refinance option available? thanks

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 07/12/2021 - 18:06

        Hi Surya

        Unfortunately fast refinance not available but usually it will take approximately 7-9 business day for approval and most likely to be able to settled by January (due to Christmas period where a lot of staff will be away)

        Warm Regards

    • littlesoldier on 07/12/2021 - 18:41

      Looks like only 1 yr fixed rate is attractive
      Given interest rate is going to rise
      May be getting a good variable rate is better?

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 08/12/2021 - 08:13

        Hi

        If interest rates go up, then it won't be a good idea to get variable rates as they would go up as well unlike fixed rates

        Right now alot of lenders are trying to put variable rates lower than fixed rates as they expect rates to go up in the future, which is sort of trap for customers.

        Let me know if you like to schedule a call for further information

        Warm Regards
        Wilson

        0479107213
        [email protected]

    • clubhonda on 07/12/2021 - 18:56

      What's the Owner Occ SVR with offset P&I rate that they offer for a loan size of $550k-$600k?

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 08/12/2021 - 08:15

        Hello

        The rate would be 2.39% p.a., with a cashback of $3000 + $1500 (broker)

        Let me know if you like to schedule a call for further information

        Warm Regards
        Wilson

        0479107213
        [email protected]

    • temporiser on 07/12/2021 - 21:20

      Currently looking at refinancing with NAB. Has does the servicing criteria for Citibank compare to NAB?

    • leon99 on 07/12/2021 - 22:08

      Tried to email to [email protected] (email on the website) from gmail, got this:
      Message blocked Your message to [email protected] has been blocked. See technical details below for more information. The response from the remote server was: 550 5.4.1 Recipient address rejected: Access denied. AS(201806281) [SY4AUS01FT008.eop-AUS01.prod.protection.outlook.com]

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 08/12/2021 - 08:02

        Hi Leon,

        I have sent the IT team to fix this issue, in the meantime could you forward your email to [email protected] or call 0479107213 to discuss.

        Warm Regards

        • leon99 on 08/12/2021 - 12:51

          Sent to your email yesterday, waiting for response. Cheers

          • AssociatedWilson Heroes HL @ Heroes Home Loans on 08/12/2021 - 17:26
            +1

            @leon99: Thank you Leon, I have responded back.

    • Deal finder on 08/12/2021 - 07:57

      Is the bank cashback per property or per customer? Also does the cashback amount depend on the total borrowing or should a single property borrowing needs to be over 1mil for $6000 cashback?

      • AssociatedWilson Heroes HL @ Heroes Home Loans on 08/12/2021 - 08:09

        Hi

        Cashback is per customer.

        The cashback amount is depend on total borrowing. Let me know if you like to schedule a call for further information

        Warm Regards
        Wilson

        0479107213
        [email protected]

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