Refinance with Citibank’s current offer with $2,000 cash back.

2.19%*

2.56%*

2 or 3 years fixed under Mortgage Plus

Comparison Rate*

2.49%*

2.51%*

Basic Loan – Variable Rate

Comparison rate *

Selecting a home loan is a massive decision, but it doesn’t have to be a life sentence!

Refinancing your home loan can save you money, and the refinance process is made easy with Loanscope.

We compare over 600 loans from over 30 lenders, and work out how we can improve your current and future financial outlook.

We recommend you review your home loan once a year, because changes in your  circumstances and changes in the lending market can mean the loan that worked well for you in the past, may not be the right one for you now and into the future.

Do you want to know how much you can save?

Try out comparison saving calculator!

What are the Advantages of Refinancing?

  • lower interest rate offer may be available to reduce the size of your mortgage
  • Reduce your monthly repayments
  • Consolidate debts eg. Credit cards, car loans into one monthly repayment
  • Access equity to renovate your property, build, or buy a new property.  Or perhaps you would like to release funds for a new car purchase or family holiday.
Investment – Loanscope – Melbourne Mortgage Brokers

Unfortunately, banks and other lenders can become complacent, and the bank that was the most competitive when you took out your home loan may not offer the most attractive products for you today. Over time, people’s financial situations also change, which is why it’s important to regularly check how your home loan is tracking. We may be able to find you a more competitive interest rate that cuts your repayments and saves you big dollars.

We keep a close eye on the lending market and who is offering the most competitive deals at any point in time.  It’s a fast-changing environment and very difficult to keep track of without expert assistance.  That?s where we come in.  We will match your situation with great offers available and the features you need.

Perhaps you need certain features like offset accounts and redraw facilities, or you want to use your equity to renovate. You may be unimpressed with your current lender’s customer service, or just want to consolidate your debts. Whatever the case, Loanscope can help determine whether refinancing will leave you in a better financial position.

Considerations for your refinance

* Refinance Switching costs

While refinancing may be advantageous in the long-run, you must take into account the costs of switching to another lender. These may include settlement fees, loan establishment fees, break costs and exit charges. We will take you through the costs involved to make sure the benefits justify these costs.

* The big picture of refinancing

Don’t be lured in by a headline interest rate. Make sure you weigh up all the pros and cons of refinancing. Do your homework and look at all the implications for the life of the loan. Better yet, let us do your homework for you.

If you?re interested in finding out about refinancing, please get in touch with Loanscope. We will work out your borrowing capacity and equity position and help you decide if refinancing is the right step for you.

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*Important Information
For new principal and interest applications submitted by a Citi Gold Broker from 1 September 2020 to 30 September 2020 and settled by 20 November 2020. 
This offer is available to Australian residents aged 18 years and over who refinance and or purchase a home with a new eligible home loan product under the following Eligibility Requirements: 
Home loan application must be submitted within the Promotional Period (point 1 above) 
Home loan application must be submitted by a Citi Gold Broker as designated by Citi at its sole discretion 
Lending must be new to Citi (refinances of existing Citi loans are excluded from this offer) 
Lending must not exceed a loan to value ratio (LVR) of 80% 
Repayment type can only be principal and interest (interest-only not permitted) 
Available on owner-occupier and investor loans (excluding Construction loans, Company applicants and Trust applicants) 
Minimum refinance and or purchase home loan amount $350,000 
Eligible Citi home loan products: Basic Variable, Standard Variable, Offset Variable and Fixed 
Home loan must be disbursed on or before 20 November 2020 
Normal lending policies apply 
This offer is not available in conjunction with any other promotion 
Only one cashback per eligible home loan capped at two cashbacks per customer. Where a home loan has more than one applicant and one applicant receives the cashback, all applicants are deemed to have received the cashback. Maximum amount per cashback of $2000 for a Citi Gold Broker loan. 
Citi reserves the right to verify the validity of Eligible Customers (including a customer’s identity and application details) and reserves the right to disqualify any Eligible Customer if the customer is engaged in any unlawful or other improper misconduct calculated to jeopardise the fair and proper conduct of the Promotion. 
Provided these Conditions including Eligibility Requirements are met, Eligible Customers will receive the cashback transferred electronically into their new variable loan account, or where fully fixed to their direct debit account after 30 November 2020. 
Comparison Rate calculated on a loan amount $150,000 over a term of 25 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. 
Comparison Rate for fixed rates calculated on a loan amount $150,000 over a term of 25 years based on monthly repayments and reverting to a Mortgage Plus – Standard Variable loan with an LVR less than or equal to 80% on expiry of the fixed term. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. 
Citi reserves the right to review and amend these Conditions at any time.

DISCLAIMER: Terms, conditions and eligibility criteria apply to all our loan products and features. Fees, charges and disbursements are payable. Final approval is subject to credit assessment. Information valid as at 31st August 2020 which is subject to change without notice. Third-party cost(s) incurred by service provider(s) are payable and may vary or increase depending on the service provider, nature of the service and request. Any additional cost(s) are passed on directly to the applicants(s). If there is a variation or an increase, a separate quote will be provided. Please consider if the product is appropriate for your individual circumstances. If you need assistance or have any questions about a product or feature and its suitability, please contact our Loan Specialists.