Citibank HELOC rates, terms and conditions
Link to the promo
Rates as of July 1, 2005. Home Equity lines of credit have 120-month draw periods, followed by a 240-month repayment period. The Annual Percentage Rate (APR) for our Home Equity Line of Credit may vary and is indexed to the Prime Rate, as published in the 'Money Rates' section of The Wall Street Journal (currently 6.25%). The variable APR may be as low as Prime minus 0.50% (currently 5.75% variable APR) and up to Prime plus 4.50% (currently 10.75% variable APR). The Maximum APR is 18%. To qualify for the lowest rate, customers must meet minimum loan or line amount requirements, must utilize at least $25,000 of the line at account opening and meet certain loan-to-value conditions and credit qualifications. Loans subject to credit approval. Rates subject to change without notice.
This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Certain restrictions may apply on all programs. Home Equity Lines of Credit are available to U.S. residents only. Offer not available in Alaska and Hawaii. In Texas, $4,000 minimum per draw. In Texas, loan to appraised value may not exceed 80% for the first and second mortgages combined, of which the second mortgage may not exceed 50% of the appraised value. No third lien positions. Limited time offer. Apply by August 31, 2005 to qualify for this offer.
2 The Home Depot gift card can only be earned by new Citibank Home Equity customers who open a new Home Equity Line of Credit of at least $25,000. Gift card will be mailed to the Citibank Home Equity Line of Credit account mailing address 8-10 weeks after your line is opened. This offer expires August 31, 2005.
Redeeming gift cards - Gift Cards to The Home Depot are redeemable at The Home Depot.
3 Property insurance and the fee to release an existing mortgage may be required. In addition, an early closure release fee may be charged to recover all third party costs incurred in originating your line if you close your account within 36 months (not applicable in Texas). An annual fee of $50 will apply starting on the first anniversary of credit line account opening (not applicable in Texas); certain exclusions apply.
4 Interest-only payment during the 10-year draw period with a draw of $25,000.
Member FDIC 2005 Citibank FSB, Citibank , NA, Citibank Texas, NA, and Citibank (West), FSB, equal housing lenders, are members of Citigroup. Citi, Citi with the arc design are registered service marks of Citicorp.
The Home Depot® is not a sponsor of this promotion. Citibank ® is not affiliated with The Home Depot®. The Home Depot® is a registered trademark of Homer TLC, Inc.
© 2005 Citibank (South Dakota), N.A.
All rights reserved.
Citi, Citibank , Citi with Arc Design, and Live Richly are registered service marks of Citicorp.
A member of citigroup.
Citibank Customer Service
P. O. Box 6500
Sioux Falls, SD 57117