More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/AMP.png
Comparison Rate
5.02
Name
Professional 1 Yr Fixed $100k+ Owner Occupied P&I
Lender
AMP Bank
Product Name
Prof. 1 Yr Fixed
Product Details
Where aggregate loan is $100k+ auto rolls to Pro Pack Variable upon maturity unless refixed. Maximum $10k extra payments per year, once this amount is exceeded fees are charged in line with current break costs. 5% genuine savings required when LVR is >85%
Variable Rate
4.72
Fixed Rate
4.25
Fixed Period
12
Introductory Discount Rate
Discount Period
Application Fees
0
Discharge Fees
100
Ongoing Fees
Valuation Fees
0
Lenders Legal Fees
295
Lenders Settlement Fees
0
Minimum Loan Amount
100000
Max Loan Amount
2500000
Owner Occupied
Y
Investment
N
Repayment Option
Principal & Interest
ACT
Y
NSW
Y
TAS
Y
QLD
Y
VIC
Y
SA
Y
WA
Y
NT
Y
Standard Variable
N
Fixed
Y
Interest In Advance
N
Reverse Mortgage
N
Basic
N
No Doc
N
Low Doc
N
Equity
N
Intro
N
Credit Impaired
N
Professional Pack
Y
Minimum Loan Term (years)
10
Max Loan Term (years)
30
Rate Details
AMP will accept applications up to 95% LVR (inc cap LMI) for existing clients only (must have held AMP Banking mtg > 6 months) Higher loan amounts attract a higher revert rate discount
Fee Details
Application fee waived for new borrowings <90% LVR (normally $350). Multiple Security Fee ($250) waived. Annual Package Fee of $349 only payable if split with a ProPack Variable or LOC or once fixed rate period expires and auto rolls to Variable. Optional Master Limit for $295 at settlement allows unlimited sub-limit changes within your master limit for 10 years. LOC compulsory with Master Limit. Legal fee covers up to 2 properties.
Internet Banking
Y
Mortgage Offset Available
N
Redraw Details
N/A
Redraw Facility
N
Construction
N
Can Make Extra Repayments
Y
Repayments Fortnightly
Y
Repayments Monthly
Y
Repayments Weekly
Y
Salary Direct Available
Y
Portability
Y
Split Available
Y
Split Details
Up to 10 splits with no fee