- Home
- Home Loans
- AMP Bank
- AMP Bank Basic Package Fixed Home Loan (Principal and Interest)
AMP Bank Basic Package Fixed Home Loan (Principal and Interest)
- Owner Occupied
- Fixed 3 years
- 10% min deposit
- P&I
Interest rate p.a.
7.24%
Comparison rate* p.a.
7.57%
AMP Bank Basic Package Fixed Home Loan (Principal and Interest)
- Owner Occupied
- Fixed 3 years
- 10% min deposit
- P&I
Interest rate p.a.
7.24%
Comparison rate* p.a.
7.57%
AMP Bank Fixed - 3 years Rate Home Loan overview
For Basic Fixed Rate Home Loan (Principal and Interest) 3 Years
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
90%
Total repayments
Interest rate type
Fixed - 3 years
Borrowing range
$40k - $2.5m
Suitable for
Owner Occupiers
Loan term range
10 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit AMP Bank Limited to view Target Market Determination.
Features
Extra repayments
Allowed with restrictions
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$644
Application fee
$0
Legal fee
$295
Valuation fee
$0
Settlement fee
$349
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$390
Pros and Cons
For AMP Bank Basic Package Fixed Home Loan (Principal and Interest)
Benefits
- No ongoing fees
- Split account option
Drawbacks
- Limited extra repayments
- No redraw and no offset
- Higher than average interest rate
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
