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Citibank has unveiled a 4.65 per cent variable rate for deals that exceed $750,000 with a maximum LVR of 80 per cent.
This is a special offer that is only available for a limited time.
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Citibank’s head of third-party distribution, Aaron Milburn, said while the 4.65 per cent rate had always been available on a negotiable basis, the bank wanted to open it up so brokers could take advantage of the anticipated pick-up in activity for the spring buying season.
“Brokers can confidently offer this rate to their clients knowing that they will receive substantial savings,” he told The Adviser.
“Unlike other variable rates in the market, brokers will not need to submit a pricing request to benefit from this special offer.”
Mr Milburn also said Citibank was offering extra value on top of the rate.
“Our customers can enjoy free overseas ATM access and are rewarded with our award-winning credit cards that come with the renowned Citibank Dining Program,” he said.
“With direct access to our credit officers, and the support for our highly regarded BDM team, brokers businesses will benefit from this limited time offer.”
[Related: Citibank cuts fixed rates]
