- Make extra payments
An additional repayment is any amount you pay into your home loan over and above your regular repayment – and even small additional repayments can make a big difference. Give up just one cappuccino each week, and by tipping the extra $3.50 into your home loan each week, you could save over $8,000 in total interest on a $250,000 loan at 7.5%p.a. interest over the 24 remaining years. Paying larger amounts like your tax refund into your loan can also shorten the life of the loan with a significant saving on the interest.
You can make additional repayments to your home loan via funds transfer or BPAY®. There are no charges associated with making additional repayments to your Basic/Standard, Offset Home Loan. For Fixed Rate Home Loans, however, a rate break charge or interest equalisation will be required. Please call us on 1300 131 127 for more information.
- Change your home loan repayments
Did you know that you can reduce the cost of your home loan by paying fortnightly versus monthly? By paying fortnightly rather than monthly, you make approximately two more payments each year. To change your home loan repayments, simply complete this form with the changes you wish to make, and return to us via Citi Online or mail to Mortgages Operations, GPO Box 4799, Sydney NSW 2001
- Redraw extra repayments
You can redraw any extra repayments you have made to your Standard, Standard Offset or Basic Home Loan, by logging on to Citi Online or the Citi Mobile ® app and using the funds transfer option.
- Increase your credit limit
For changes to your existing home loan, please contact us on 1300 131 127 to discuss your request.
- Add an additional signatory
Simply complete this form and return to us via Citi Online or mail to Mortgages Operations, GPO Box 4799, Sydney NSW 2001.
- Change of name
To change the name on your Citi Home Loan account(s), we’ll need you to post the below documents to us at Mortgages Operations, Reply Paid 4799, Sydney NSW 2001:
Evidence of your name change – this could be a marriage certificate, divorce papers, current Australian driver’s licence, valid passport or change of name certificate issued by an Australian Government office. Please do not send us the original document; rather, an original certified photocopy is required.
A completed Authority to Operate Home Loan Account form – please use your new signature when signing the Signature Card section of this form, and arrange for all existing account owners and any other signatories to sign this section. The new authority will replace any existing authority.
- Discharge your home loan
Before you go, our team would be happy to review your current interest rate. Give us a call on 1300 131 127 or send an email to email@example.com.
If you’d like to fully OR partially discharge your home loan, please follow these steps:
Print and Complete the Security Release Request. Please ensure that all borrowers/property owners/guarantors sign the form.
Return the completed form via document upload or mail to Mortgages Operations, GPO Box 4799, Sydney NSW 2001.