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- AMP Bank Essential Investment Loan (LVR ≤ 80%)
AMP Bank Essential Investment Loan (LVR ≤ 80%)
- Investor
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.49%
Comparison rate* p.a.
6.52%
AMP Bank Essential Investment Loan (LVR ≤ 80%)
- Investor
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.49%
Comparison rate* p.a.
6.52%
AMP Bank Variable Rate Home Loan overview
For Essential Investment Loan (LVR ≤ 80%) $750k+
No owner occupier products available
Details
Maximum LVR
80%
Total repayments
Interest rate type
Variable
Borrowing range
$750k - $2.5m
Suitable for
Investors
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
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$295
Application fee
$0
Legal fee
$295
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$0
Discharge fee
$390
Pros and Cons
For AMP Bank Essential Investment Loan (LVR ≤ 80%)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
