Line of Credit Home Loans - AMP - Classic Club Equity |
 |
 |
to select a different loan amount and loan term. Currently: $150,000 over 30 years |
|
| Home Loan Lender |
 |
AMP Home Loan |
|
| Home Loan Product Name |
Classic Club Equity |
| Interest Rate |
9.62% |
Comparison Rate
Estimated |
9.78% |
| Amount |
$150,000 |
| Term |
30 years |
Monthly Payment
Estimated |
$1,274.44 |
Total Paid
Estimated |
$462,590 |
| Establishment Fee |
$350.00 |
| Enquire/Apply |
 
|
| Target Market |
Total loans less than $100,000. |
| Acceptable Income |
PAYG, Self Employed, Salary & Wage Earners |
| Loan Term |
Maximum Interest Only term - 10 years.
,
Minimum total term - 20 years
,
Maximum total term - 30 years |
| Loan Size |
Minimum $40K
,
Maximum Loan $2M
,
For greater than $2M refer to BDM. |
| Repayment Type |
Interest Only |
| Repayment Options |
Monthly only |
| Extra Repayments |
|
| Split Loan Facility |
Yes available up to 10 splits for free with min $10,000 per split.
,
Additional Splits available are Fixed Rates, Basic Variable and Business Classic Loans.
,
$75 per additional split. |
| Offset |
Not applicable |
| Redraw Facility |
Yes available with no minimum redraw amount.
,
Transaction limits & Special Service fees apply. |
| LVR |
Owner Occupied Maximum LVR 90%
,
Investment Maximum LVR 90%
,
Construction Maximum LVR 0%
,
Refinancing Maximum LVR 90%
,
Debt consolidation Maximum LVR 90%
,
Note Debt Consolidation Maximum LVR 90% up to 5 other debts.
,
Over $1M subject to security location and maximum LVR allowable. |
| Fees |
Establishment Fee of $350
,
Settlement Fee of $250 plus Solicitors Fee $295 (Displayed Mortgage Prep Fee)
,
Account Keeping Fee $10 per month
,
,
LMI processing Fee $100 (in addition to any LMI premium payable)
,
Deferred Establishment Fee $ 1,000 if discharged within 4 years from original
,
,
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 |
|
| Other Line of Credit Home Loans |
 |
|
|
|
|
 |
| Other AMP Home Loan Products |
|
|
|
|
|
|
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.
|