Professional Package Home Loans - AMP - Professional $100K<$250K

This loan is suitable for
PAYG, Self Employed, Salary & Wage Earners
Tax Returns are required to demostrate 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
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

Home Loan Loan Size
Minimum $100K
Maximum Loan amount Variable Rate Loan = $2M. For larger amounts contact your BDM.

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Home Loan Repayment Type
Principal & Interest
Interest Only

Repayment Options
P & I Weekly, Fortnightly, Monthly
Interest Only Monthly

Extra Repayments
Yes at any time by electronic transfer, by mail or deposit made at Australia Post.

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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 for Professional Package Home Loans - AMP - Professional $100K<$250K

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%
Construction Maximum LVR 0%
Refinancing Maximum LVR 90%
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.

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Fees for Professional Package Home Loans - AMP - Professional $100K<$250K

Establishment Fee $350
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
Multiple Security Fee of $250 (payable for each additional security property)