| Home Loan Lender |
 |
AMP Home Loan |
|
| Home Loan Product Name |
1 yr Intro Pro Pack >$100K Variable |
| Interest Rate |
8.92% |
Comparison Rate
Estimated |
9.26% |
| Amount |
$150,000 |
| Term |
30 years |
Initial Monthly Payment
Estimated |
$1,198.31 |
Monthly Payment
Estimated |
$1,198.31 |
Total Paid
Estimated |
$442,100 |
| Establishment Fee |
$350.00 |
| Enquire/Apply |
 
|
| Target Market |
Borrowings over $100K |
| Acceptable Income |
PAYG, Self Employed, Salary & Wage Earners |
| Loan Term |
Minimum Principal & Interest - 10 years; Interest Only selected IO period
,
Maximum Interest Only term 5 years (10 years subject to Credit approval)
,
Maximum total term- 30 years |
| Loan Size |
Minimum $100K
,
Maximum Loan amount Variable Rate Loan = $2M. For larger amounts contact your BDM. |
| Repayment Type |
Principal & Interest
,
Interest Only |
| Repayment Options |
P & I Weekly, Fortnightly, Monthly
,
Interest Only Monthly |
| Extra Repayments |
|
| Split Loan Facility |
Available up to 10 splits permitted for free with min $10,000 per split..
,
Additional splits available include Fixed Rates, LOC, Basic Loan and Business Classic Loan. |
| Offset |
Yes 100% Mortgage Offset no account keeping or domestic transactions fees and no minimum balance. |
| Redraw Facility |
No minimum redraw amount or fee. |
| LVR |
Owner Occupied Maximum LVR 100%
,
Investment Maximum LVR 95%
,
Construction Maximum LVR 0%
,
Refinancing Maximum LVR 95%
,
Vacant Land Maximum LVR N/A
,
Debt consolidation Maximum LVR 90% up to 5 debts
,
Over $1M subject to security location and maximum LVR allowable. |
| Fees |
Establishment Fee of $350 for LVR>95%
,
Establishment Fee Nil if LVR<95%
,
Settlement Fee of $250 plus Solicitors Fee $295 (Displayed as Mortgage Prep Fee)
,
Annual Package Fee $349 (payable at settlement then annually)
,
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 excess of $220 for metro and $330 for non-metro. For $1M customer pays excess of $550 in all areas.
,
Loan Variation Fee / Switch / Increase Fee $350
,
Pre Approval Fee $350
,
Master Limit Application Fee $200 |
| Enquire/Apply |
|