Basic Home Loans - AMP - Basic Variable Rate |
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to select a different loan amount and loan term. Currently: $150,000 over 30 years |
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| Home Loan Lender |
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AMP Home Loan |
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| Home Loan Product Name |
Basic Variable Rate |
| Interest Rate |
9.02% |
Comparison Rate
Estimated |
8.89% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,187.56 |
Total Paid
Estimated |
$428,030 |
| Establishment Fee |
$350.00 |
| Enquire/Apply |
 
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| Target Market |
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| Acceptable Income |
PAYG, Self Employed, Salary & Wage Earners. |
| Loan Term |
Minimum Principal & Interest - 10 years; Interest Only selected IO period
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Maximum Interest Only term 5 years (10 years subject to Credit approval)
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Maximum total term- 30 years |
| Loan Size |
Minimum loan $40K
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Maximum Loan $2M
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For greater than $2M refer to BDM. |
| Repayment Type |
Principal & Interest,
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Interest Only |
| Repayment Options |
Principal & Interest - Weekly, Fortnightly or Monthly.
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Interest Only - Monthly |
| Extra Repayments |
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| Split Loan Facility |
Yes available up to 10 splits for free with min $10,000 per split.
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Additional Splits available are Fixed Rates, Basic Variable and Business Classic Loans.
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$75 per additional split (Fees are waived if Basic is taken under Pro Pack). |
| Offset |
Yes 100% Mortgage Offset, no account keeping or domestic transactions fees and no minium balance. |
| Redraw Facility |
Yes. No mimimum amount and no charge via BankNet and BankPhone. Via BankAssist operator a $50 fee and $2k minimum. |
| LVR |
Owner Occupier Maximum LVR100%
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Investment Maximum LVR 100%
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Construction Maximum LVR 0%
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Refinance Maximum LVR 95%
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Debt Consolidation Maximum LVR 90% up to 5 other debts
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Vacant Land Maximum LVR 0%
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Over $1M subject to security location & and maximum LVR allowable. |
| Fees |
Establishment Fee of $350 for LVR>95%
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Establishment Fee Nil if LVR<95%
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Settlement Fee of $250 plus Solicitors Fee $295 (Displayed Mortgage Prep Fee)
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Pre Approval Fee $350
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Monthly Account Management Fee $0
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Redraw Fee $0 ($0 via BankNet and BankPhone. Via Bank Assist its $50 fee and minimum $2000 redraw)
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Master Limit Application Fee $100
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LMI processing Fee $100 (in addition to any LMI premium payable)
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Additional Deferred Establishment Fee: 1% if discharged within two years 1-2 in lieu of the $1000 DEF above, however the $1000 still applies for years 3-4.
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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.
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Loan Variation Fee / Switch / Increase Fee $350
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Master Limit Application Fee $200 |
| Enquire/Apply |
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| Other Basic Home Loans |
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| Other AMP Home Loan Products |
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This Comparison Rate applies only to $150,000 with a loan term of 30 years. The loan amount and term will affect the comparison rate calculation. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparsion rate calculation but may influence the cost of the loan.
This rate is to be used as a guide only and we recommend that you confirm it with the lender before acting upon it.
The information provided in this website is a guide only and may not be complete for your purposes. ratesonline.com.au is not licensed to provide investment advice and recommends that you consult an independent financial adviser.
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