Intro Rate Home Loans - AMP - 1 yr Intro 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

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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.

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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 Intro Rate Home Loans - AMP - 1 yr Intro 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%

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Fees for Intro Rate Home Loans - AMP - 1 yr Intro 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.