Citibank Reduces 100 Percent Home Loan to 95 percent LVR

As of December 1 2008

- Maximum loan to value ratio on full doc loans will be 95%. LMI can still be capitalised on top of 95%.

- No Doc loans will no longer be available

- There will be changes on low doc loans.

Applications in the pipeline prior to 1 December 2008, Citibank will accept applications for the changed products provided that the information submitted is accurate and all requirements of the application checklist are supplied.