Finance Broker Australia Home Loan Broker

Citibank is decreasing all current variable interest rates by 0.65 percent effective Monday 17th November.

Updated interest rate sheet will be issued on Monday 17th November .

Also please stay tuned for the Citibank hot new to bank basic rate home loan effective Monday 17th November.

Citibank announcement.

"Across Asia Pacific and in Australia we are reorganising Citi to make us a more efficient organisation so we can continue to grow.

This focus on improving efficiency and productivity has become essential given the challenges of the current economic and financial environment. It has meant re-looking at our business with a new lens and making decisions to invest in core businesses and products where we have the greatest potential for growth while reducing our activity in some others.

Ability Finance are now able to directly access Citibank personal loans and lodge applications for our customers.

How can Ability Finance clients benefit from a Citibank Personal Loan?

• Competitive fixed rates – Our customers can lock in a great rate for the life of the loan.
• Choice of terms – You can tailor The Citibank Personal Loan to fit your needs, with amounts from $4,000 to $50,000 and personal loan repayment terms from 1 to 5 years.

No Application Fee on Citibank Commercial Mortgages - ends this month.

Discount Variable interest rate for loans between $500K and $1.5million (add 0.20 percent for low doc )

Applicants: New to Bank Customers only

Full doc up to 75% lvr

Low doc up to 65% lvr (investment only)

Waived Application Fee (if settled within 90 days from submission, a saving of 0.25 percent of loan amount) . Loan must qualify as a commercial express loan for no app fee.

No on-going Fees on variable rate products

Application must be received by 31st May 2008

Citibank interest rate change

Citibank Mortgages has increased its rates for new and existing customers as of the 18/04/2008

Standard Variable Self Certified loans:

Existing Customers: 0.15 percent p.a. increase

New Business: 0.03 percent p.a. increase

All other standard variable products (fully verified loans)

Existing Customers: 0.15 percent p.a. increase

New Business: 0.15 percent p.a. increase

Fixed rates have also been increased.

Citibank have announced that from 14 April 2008 Citibank will no longer pay the Lenders Mortgage Insurance premium for new Self-Certified loans. Instead, new Citibank customers will be required to meet this cost. Citibank continue to provide a wide range of valuable benefits to all Self-Certified customers including:

• A simple, streamlined application process
• A wide choice of self-certified loans including fixed, variable and interest-only options
• Option to step down interest rate (conditions and fees may apply).