Basic Fixed Rate Investment Loan (Principal and Interest) 1 Year
Discount Variable Home Loan
3.07%
Variable
3.12%
Discount Variable
4.64%
Fixed - 1 year
4.05%
$1,288
Pros
- No ongoing fees
- Parents can sign as guarantor
- Repayments will not change during fixed period
Cons
- Limited extra repayments
- No redraw and no offset
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Maximum LVR 90% | Interest rate structure Fixed - 1 year |
Borrowing range $40k - $2.5m | Total Repayments $463,680 |
Principal & interest | Interest only |
Loan term range 10 - 30 years | Offset account No |
Extra repayments Allowed with restrictions | Redraw facility |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Estimated upfront fees $545 | Application fee $0 |
Settlement fee $250 | Valuation fee $0 |
Legal fee $295 | Ongoing fee $0 |
Discharge fee $100 | Property Type |
SMSF Trustee | Minimum SMSF Amount |
Aggregator |
Compare and review home loans with similar features
AMP Bank is a financial services company that was formed in 1849 as the Australian Mutual Provident Society.
AMP was made public in 1998 and now employs more than 5400 staff with over $110 billion in total assets and 820,000 shareholders. The company also includes AMP Capital, one of the largest investment managers in Asia Pacific with operations throughout the world. The bank has a head office in Sydney and provides a number of services, such as financial planning and banking products as well as investment advice through AMP Capital.
AMP Mortgage Calculator
Interested in an AMP home loan? RateCity has a suite of calculators that can show you what your repayments would be and how AMP compares to its competitors. Simply plug in your borrowing amount below.
