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- AMP Bank Professional Package Home Loan Fixed (Principal and Interest)
AMP Bank Professional Package Home Loan Fixed (Principal and Interest)
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.97%
AMP Bank Professional Package Home Loan Fixed (Principal and Interest)
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.97%
AMP Bank Fixed - 3 years Rate Home Loan overview
For Professional Package Home Loan Fixed (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
80%
Total repayments
Interest rate type
Fixed - 3 years
Borrowing range
$100k - $100m
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
Offset account if choosing a variable rate.
Fees
Total estimated upfront fees
$295
Application fee
$0
Legal fee
$295
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$349
Discharge fee
$390
Pros and Cons
For AMP Bank Professional Package Home Loan Fixed (Principal and Interest)
Benefits
- Interest rates ranked in the best 20%
- Split account option
Drawbacks
- Limited extra repayments
- No redraw and no offset
- Loan reverts to higher rate after fixed period
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
