See important disclosures below.
Applicable for collateral properties located in CT, IL, and NJ
1 Rates as of January 1, 2019.
To qualify for a promotional introductory variable annual percentage rate of Prime minus 1.51% (currently 3.74% variable APR), customers must apply between October 1 and December 31, 2018, and be approved for, and close on, a home equity line of credit. The introductory rate is applicable for the first 12 billing cycles.
To qualify for the featured rate of Prime plus 0.59% (currently 5.84%) variable APR after the introductory period ends, customers must enroll at or before closing in Citibank Auto Deduct from a Citibank deposit account for repayment, be approved for and close on a line amount of at least $100,000, meet certain loan-to-value and lien position conditions, take an initial draw of at least $25,000 at closing AND have excellent credit. The variable APR after the 12th billing cycle can be as low as Prime plus 0.19% (currently 5.44% variable APR) and as high as Prime plus 3.09% (currently 8.34% variable APR).
The variable APR is indexed to the Prime Rate as published in the “Money Rates” section of The Wall Street Journal. Additional relationship discounts may apply.
Maximum APR: 18%. Annual fee: $50 during the draw period. No annual fee will be charged if at the time of the account opening, you are a Citigold or a Citi Priority customer or an employee of Citigroup or its subsidiaries. Customers who elect to pay closing costs will receive an additional rate reduction (does not apply to the introductory rate). Closing costs can range from approximately $680 to $30,000. Closing costs may vary based on the approved line amount, property location and title insurance required.
If you close your account within 36 months, an Early Closure Release Fee may be charged to recover all costs incurred in originating your loan. Property insurance and the fee to release an existing mortgage may be required.
Subject to credit approval. Rates are subject to change without notice. Applicable loan sizes up to $1 million. No third lien positions. Available to U.S. residents only. Not available for investment properties.
The terms, conditions and fees for accounts, products, programs and services are subject to change.
Equal housing lender ©2019 Citibank, N.A. Member FDIC and Equal Housing Lender. NMLS ID 412915. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world.