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finance-overview-

Payment Deferral Calculator

Calculate the impact of taking out a payment deferral on your home loan account.

 

If you are experiencing financial difficulties, please visit our Financial Hardship page to learn about the personalised support that we may be able to provide you.

If you applied for the COVID-19 Payment Deferral program and would like to to know what your repayments may be after the program ends, please use the calculator below. If you need further assistance, please contact our Hardship Assistance team.

All you'll need is:

  • Your current outstanding loan balance
  • Your Mortgage Offset deposit balance linked to the loan account (if you have one)
  • Your interest rate
  • How many months are remaining on your loan

 

You can find this information in the Citi Mobile® App:

1. Tap “Loans” (to expand and show all loan accounts) 
2. Tap the required loan account
3. Tap “Loan Details”
4. Tap “More Details”

If you have an Offset Deposit Balance, you can find this in the ‘Transaction Accounts’ section on Citibank Online, or ‘Deposits’ in the Citi Mobile® App.

During the deferral period, you may make repayments at any time without impacting your deferral program - no payments are required, no late fees will be charged and your account will not be overdue, although you will continue to accrue interest on your outstanding balance. We will not report any missed payments to the credit bureau during the period of your payment deferral. For Credit Card and Ready Credit customers, you will be able to continue to spend on your card, provided you are up to date on your repayments at the point of applying for a deferral and you have an available credit limit.

At the end of your deferral period, we will provide you with options to support you as you transition back to regular repayments.

If you are experiencing financial difficulties, please visit our Financial Hardship page to learn about the personalised support that we may be able to provide you.

Disclaimer:


The purpose of this calculator is to provide guidance about changes to your principal and/or interest repayments based on the information you provide. It does not take into account your personal circumstances, any credit or debit transactions made to your loan or Mortgage Offset account during the deferral period (such as redraws, pre-payments, salary credits and purchases).
The results from this calculator should be used as guidance only and is for Standard and Basic mortgage loans (including Mortgage Offset loans). For revolving lines of credit (Mortgage Power) loans, please call Citibank on 1300 300 470 Monday to Friday 9am to 5pm.


The calculation assumes that the current interest rate will remain constant for the remaining loan term and there is no change to the Offset Mortgage Account balance. Your actual contractual minimum repayments may change due to a number of factors including, but not limited to, changes to your interest rate, loan term, loan or repayment type, loan features, as well as any additional repayments made. 


The calculation does not represent approval of Citi’s COVID-19 home loan repayment deferral package. For further information on support available, please call Citibank on 1300 300 470 Monday to Friday 9am to 5pm.