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- Basic Fixed Rate Home Loan (Interest Only) 3 Years
AMP Bank Basic Package Fixed Home Loan (Interest Only)
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- Interest Only
Interest rate p.a.
7.44%
Comparison rate* p.a.
7.42%
AMP Bank Basic Package Fixed Home Loan (Interest Only)
- Owner Occupied
- Fixed 3 years
- 20% min deposit
- Interest Only
Interest rate p.a.
7.44%
Comparison rate* p.a.
7.42%
Calculate your repayments for this loan
$
Your estimated repayment
$3,100
based on 500000 loan amount for 25 years at 7.44%
Monthly Repayment
$3,100
Total interest
$1,156,500
Total payments
$1,156,500
Start date
05-2024
End date
05-2049
$1,156,500
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For AMP Bank Basic Package Fixed Home Loan (Interest Only)
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
AMP Bank Fixed - 3 years Rate Home Loan overview
For Basic Fixed Rate Home Loan (Interest Only) 3 Years
Details
Maximum LVR
80%
Total repayments
$1,156,500
Interest rate type
Fixed - 3 years
Borrowing range
$40k - $2.5m
Suitable for
Owner Occupiers
Loan term range
10 - 30 years
Repayment type
Interest only
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Monthly
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
You can choose to set up an Offset Deposit Account with a basic variable rate loan. $6 monthly account management fee is payable.
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
