You will be aware that Citi’s current cashback offer is due to expire on 31st January 2023.

$3,000 cashback offer where the home loan amount is less than $650,000, $4,000 cashback offer where the home loan amount is from $650,000 to less than $850,000 for new purchase and refinance applications submitted before 31st January 2023.

$5,000 cashback offer where the home loan amount is $850,000 or more for new purchase and refinance applications submitted  by 31st January 2023.

As a reminder from 1^st September 2022 a cashback payment is no longer applicable to be paid on any standalone refinances within National Australia Bank Group including NAB, Advantedge and UBank home loans.

Conditions

This offer is available to Australian residents (excludes US persons) aged 18 years and over who refinance or purchase a home with a new eligible Citi home loan product under the following Eligibility Requirements:

• Citi home loan application must be submitted within the Promotional Period (point 4 above). Application is defined as a single application and does not apply to aggregate borrowings across multiple applications.
• Not applicable to variations or refinances of existing Citi home loans (these are excluded from this offer)
• Not applicable to standalone refinances within National Australia Bank Group including NAB, Advantedge and UBank home loans (these are excluded from this offer) Repayment type can be principal and interest; and/or interest only
• Available on owner occupier and investor loans (borrowers are advised to seek independent tax advice in relation to cashback for investor loans).
• Offer excludes Construction loans, 100% cash out, Company applicants and Trust applicants.
• Minimum refinance and or purchase home loan amount $350,000
• Eligible Citi home loan products: Basic Variable, Standard Variable, Standard Offset and Standard Fixed
• Applications are subject to credit approval
• Eligible Citi home loan must remain open at payment date

Only one cashback offer per eligible home loan application capped to one cashback offer per applicant within a 12 month period from the last settlement date to the current application submission date. Where a home loan has more than one applicant and one applicant receives the cashback, all applicants are deemed to have received the cashback offer.

In instances where multiple eligible applications are received in the same month from the same applicant/s and settled on the same cashback payment period the highest cashback eligible application will be paid. Cashback is not paid on the combined amount of applications, a single cashback payment is paid on the highest eligible application.

We reserve the right to verify, validate and disqualify any Eligible Customer if the customer is engaged in any unlawful or other conduct deemed inappropriate by us, that jeopardise the fair and proper conduct of the Promotion.

Provided these Conditions including Eligibility Requirements are met, Eligible Customers will receive the cashback amount transferred electronically into their new variable Citi home loan account, or where fully fixed into their nominated direct debit account, for applications settled.

This offer is not available in conjunction with any other promotion, and we reserve the right to vary or withdraw these Conditions at any time. The Lender is defined in the Citi Home Loan Facility Agreement.