Non-major drops variable rate to 4.84%

by AB05 Sep 2013

Non-major lender Citibank has announced the launch of a special offer on its Mortgage Plus variable rate home loan package of 4.84% p.a. for loans with a loan to value ratio of up to 80% until November 30, 2013 (comparison rate 5.19%).

Citibank’s head of mortgages in Australia, Vibha Coburn, says the lower rate provides borrowers with an ‘ideal platform’ in which to consider the bank’s products.

“Recent RFI research shows that 59% of customers would prefer to spend less on their lifestyle if it meant paying off their mortgage early,” says Coburn.

“Our new introductory rate…provides a compelling offer for new customers looking for a new home loan.”