This loan is suitable for
Available for people who will live in the property.
Suitable for people looking for a residential investment loan.
A guarantor can be used - Must have one of the following relationships with the borrower:
- Partner of the borrower (defacto accepted)
- Refer to the Lending Quick Reference Guide for Company and Trust Guarantor requirements
No outside third parties
Guarantors will be required to obtain independent legal advice and may be required to obtain independent financial advice.
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Home Loan Loan Term
Loan term up to 30 years
Home Loan Loan Size
For loans with a minimum value of $40,000 and a maximum of $1,000,000
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Repayment Options
Weekly repayments accepted.
Extra Repayments
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Split Loan Facility
Split loan is available - Up to 10 splits, minimum $10K..
Offset
Offset is available.
Redraw Facility
Redraw is available.
LVR for Low Doc Home Loans - AMP - Low Doc Standard
Maximum available LVR is 80%
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Fees for Low Doc Home Loans - AMP - Low Doc Standard
Monthly Fee $24.92
Annual Fee $299
Establishment Fee $350
Discharge Fee $250
Legal Fee $295
Portability Fee $0
Settlement Fee $550
Switching Fee $350
Early Termination Fee $0
Optional Fees include:
Establishment Fee of $350 (only applicable where LVR > 90% including any LMI capitalised)
Pre-Approval Fee - $350 (refund upon settlement of the loan)
LMI Processing Fee - $100
Guarantor Admin Fee - $200
Increase in loan limit - $350
Loan Variation Fee - $350
Additional Security Fee - $250.
Refer to AMP Fees and Charges Guide for other less common fees.