More Details

Loan Details

 

Lender
https://www.erates.com.au/wp-content/uploads/2019/02/AMP.png
Comparison Rate
5.43
Name
Classic Intro Variable $40k - $2.5m Owner Occupied P&I
Lender
AMP Bank
Product Name
Intro Classic Variable Rate Loan
Product Details
Where aggregate loan size is $100k+ refer to the Pro Pack. For individuals, company's and trusts. 5% genuine savings required when LVR is >85%. Owner Occupied - new customers max LVR 90% (inc LMI), existing customers max LVR 95% plus cap LMI (conditions apply)
Variable Rate
5.48
Fixed Rate
Fixed Period
Introductory Discount Rate
4.48
Discount Period
12
Application Fees
0
Discharge Fees
100
Ongoing Fees
10
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
Principal & Interest
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
N
No Doc
N
Low Doc
N
Equity
N
Intro
Y
Credit Impaired
N
Professional Pack
N
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)
Fee Details
Legal fee covers up to two properties. $10/mth for 15 free transactions per month.
Internet Banking
Y
Mortgage Offset Available
Y
Redraw Details
15 transactions per month including redraw and any rediATM & NAB.
Redraw Facility
Y
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
Min Split Amount $10k. Up to 10 splits allowed.