RateCity.com.au
powering smart financial decisions
AMP Bank

AMP Bank Basic Package Fixed Investment Loan (Interest Only)

Interest Rate

3.69

% p.a

Fixed - 5 years

Comparison Rate*

3.16

% p.a

Maximum LVR
80%
Real Time Rating™

1.48

/ 5
Monthly Repayment

$1,533

based on $300,000 loan amount for 25 years at 3.69%

Interest Rate

3.69

% p.a

Fixed - 5 years

Comparison Rate*

3.16

% p.a

Maximum LVR
80%
Real Time Rating™

1.48

/ 5
Monthly Repayment

$1,533

based on $300,000 loan amount for 25 years at 3.69%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,533

based on $300,000 loan amount for 25 years at 3.69%

Quick home loan review

For Basic Fixed Rate Investment Loan (Interest Only) 5 Years

These are the benefits of this home loan.

  • No ongoing fees
  • Split account option

These are the drawbacks of this home loan.

  • 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

Home loan overview

For Basic Fixed Rate Investment Loan (Interest Only) 5 Years

TMD

Details

Maximum LVR

80%

Total Repayments

Next LVR

Interest rate type

Fixed - 5 years

Borrowing range

Suitable for

Investors

Loan term range

10 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Yes - limited to $10000

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

295

Application fee

0

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

390

Application method

Online

Phone

In branch

Target Market Determination

Visit AMP Bank to view Target Market Determination.

Other Benefits

You can choose to set up an Offset Deposit Account with a basic variable rate loan. $6 monthly account management fee is payable.

Embed

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $40k to $2,500,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

AMP Bank allows you to have this loan for a range of 10 to 30 years.

How often can you make repayments?

AMP Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $295 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

How do you apply for this loan?

To apply for this loan, please contact AMP Bank.

Can a broker help me with this loan?

Yes, this AMP Bank loan is available through a broker. Find a broker to help you with your needs.