More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/AMP.png
Comparison Rate
4.56
Name
Basic Variable $40k - $2.5m Owner Occupied IO
Lender
AMP Bank
Product Name
Basic Variable
Product Details
Includes unlimited free MyAMP transactions, plus salary crediting. Can be split with Basic Fixed Rate loans.
Variable Rate
4.88
Fixed Rate
Fixed Period
Introductory Discount Rate
Discount Period
Application Fees
0
Discharge Fees
100
Ongoing Fees
0
Valuation Fees
0
Lenders Legal Fees
295
Lenders Settlement Fees
250
Minimum Loan Amount
40000
Max Loan Amount
2500000
Owner Occupied
Y
Investment
N
Repayment Option
Interest Only
ACT
Y
NSW
Y
TAS
Y
QLD
Y
VIC
Y
SA
Y
WA
Y
NT
Y
Standard Variable
N
Fixed
N
Interest In Advance
N
Reverse Mortgage
N
Basic
Y
No Doc
N
Low Doc
N
Equity
N
Intro
N
Credit Impaired
N
Professional Pack
N
Minimum Loan Term (years)
10
Max Loan Term (years)
30
Rate Details
Rate applies to new borrowing and existing customers for a minimum $10k increase. 80% LVR up to $1.5m, 75% LVR up to $1.75m & 70% LVR up to $2m with Zone 1 security or 80% with multiple Zone 1 securities.
Fee Details
Application fee waived for new borrowings <90% LVR (normally $350). Multiple Security Fee ($250) waived
Internet Banking
Y
Mortgage Offset Available
Y
Redraw Details
No min amount via internet banking and BankPhone.
Redraw Facility
Y
Construction
N
Can Make Extra Repayments
Y
Repayments Fortnightly
N
Repayments Monthly
Y
Repayments Weekly
N
Salary Direct Available
Y
Portability
Y
Split Available
Y
Split Details
Min split $10k. First 2 splits free. $75 pa for third and each subsequent split