Citibank home loan interest rates
Citibank Singapore Ltd is a fully-owned subsidiary under Citigroup, the third largest bank holding company in the United States by total assets after banking giants Bank of America and JPMorgan Chase. Citibank Singapore is financially robust and well capitalized. As of end of 2011, Citibank Singapore has S$1.5 billion in paid up capital and a total equity of S$4.7 billion.
Citibank’s Global Consumer Banking division began banking operations in Singapore in 1982 and was one of the first 4 foreign banks to be awarded the Qualifying Full Bank (QFB) license by the Monetary Authority of Singapore (MAS) in 1999. Citibank Singapore Ltd was fully incorporated as a part of Citigroup in Singapore in June 2004, thereby reaffirming its commitment to stamp its financial footprint in Singapore. With the economic expansion of Singapore and the increasing wealth of its citizens, Citibank established its Consumer bank in 1982 to offer banking needs to individuals and businesses here.
The Citibank Home Saver lets home owners choose from a variety of loan packages ranging from SIBOR-linked to fixed rate. You can also select the unique interest offset feature, which helps to limit your interest payment while giving you the flexibility to access your cash any time. Some of these loan packages also allow Interest adjustment of up to 70% of the effective interest home loan interest rate with your Checking Account. For their HDB home loans, Citibank offers a range of 5-year and 3-year fixed rates loans or 3 month Sibor-linked loans with interest rates ranging between 1.33-1.58%. To find out more about their different home loan packages, you can make an appointment with their mortgage specialist or go to their website to apply for an in-principle approval.
As leading Singapore mortgage brokers, let us get you the lowest mortgage packages for: