Fixed Rate Home Loans - AMP - 1 yr fixed >$100K Professional

This loan is suitable for
PAYG, Self Employed, Salary & Wage Earners.
Tax Returns are required to demonstrate additional income for serviceability purposes. (Income such as overtime, commisions, bonus, casual and contract), a minimum one year's Tax Assessment Notice is to be supplied and 2 year's group certificates and / or tax returns.

Home Loan Loan Term
Fixed terms available for introductory 1 year, 1, 2, 3, or 5 years
Minimum Principal & Interest - 10 years; Interest Only selected IO period
Maximum Interest Only - 5 years (10 years subject to credit approval)
Maximum total term 30 years

Home Loan Loan Size
Minimum $40K Classic Club Fee Structure
Minimum $100K for Pro Pack Fee Structure
Maximum $2 million. For more refer to BDM

Let a Ratesonline accredited home loan consultant help you with this AMP home loan

Home Loan Repayment Type
Principal and Interest
Interest Only

Repayment Options
Principal and Interest Weekly, Fortnightly or Monthly.
Interest Only Monthly

Extra Repayments
Extra repayments of up to $10K in a 12 month period. Additional repayments in excess of $10k will incur Early Repayment Fees and Interest.

Let a Ratesonline accredited home loan consultant help you with this AMP home loan

Split Loan Facility
Classic $75 per additional split.
Pro Pack up to 10 splits permitted for free with minimum $10,000 per split.

Offset
Not available

Redraw Facility
Not available

LVR for Fixed Rate Home Loans - AMP - 1 yr fixed >$100K Professional

Existing Customers - May borrow up to 95% LVR + LMI cap
New Customers - May borrow up to 90% LVR + LMI cap
Owner Occupied Maximum LVR 90%
Investment Maximum LVR 90%
Refinancing Maximum LVR 90%
Debt consolidation Maximum LVR 90% up to 5 other debts
Over $1M subject to security location and maximum LVR allowable.

Note a margin of 0.60%p.a. will be added to all loans for borrowings with a LVR greater than 90%, including any LMI capitalisation. These rates are currently displayed in the following format example 1 yr fixed >$100K LVR>90%

Let a Ratesonline accredited home loan consultant help you with this AMP home loan

Fees for Fixed Rate Home Loans - AMP - 1 yr fixed >$100K Professional

Classic club fee structure minimum $40K;
Establishment fee of $350
Settlement fee of $250 plus solicitors fee $295 (displayed mortgage pre fee)
Account keeping fee $10 per month
Pro pack fee structure minimum $100K;
Establishment fee $350
Settlement fee of $250
Mortgage prep fee (solicitors costs) $295
Annual package fee $349 (not payable while fixed)
All fee structures:
Pre approval fee $350
Multiple Security Fee of $250 (each additional security property)
Master limit application Fee $200
LMI processing fee $100 (in addition to any LMI premium payable)
Deferred establishment fee $ 1,000 if discharged within 4 years from original
Additional deferred establishment fee (for intro 1 yr loans only): 1% if discharged within two years 1-2 in lieu of the $1000 DEF above, however the $1000 still applies for years 3-4.
Valuation fees - First is free. For valuations <$1M customers pays costs in excess of $220 for metro and $330 for non-metro. For $1M customer pays costs in excess of $550 in all areas.
Loan Variation Fee / Switch / Increase Fee $350
Fixed Rates Secure Rate Guarantee (SRG);
- Included with the initial loan application at any time 0.15% of fixed rate facility amount
- After the initial loan application, and AMP has not announced a fixed rate loan interest rate change - 0.15% of fixed rate facility amount
- After the initial loan application, and AMP has announced a fixed rate loan interest rate change and before the effective date of that change - 0.25% of fiixed tate facility amount
Early Repayment Fee $150 plus break costs if loan is partially or fully repaid during the fixed period.