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- Basic Package Construction Investment (Interest Only)
Basic Package Construction
- Investor
- Variable
- 10% min deposit
- Interest Only
Interest rate p.a.
7.24%
Comparison rate* p.a.
8.01%
Basic Package Construction
- Investor
- Variable
- 10% min deposit
- Interest Only
Interest rate p.a.
7.24%
Comparison rate* p.a.
8.01%
Calculate your repayments for this loan
$
Your estimated repayment
$3,017
based on 500000 loan amount for 25 years at 7.24%
Monthly Repayment
$3,017
Total interest
$1,086,000
Total payments
$1,086,000
Start date
05-2024
End date
05-2049
$1,086,000
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For Basic Package Construction
Benefits
- 100% full offset account
Drawbacks
- No redraw facility
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
AMP Bank Variable Rate Home Loan overview
For Basic Package Construction Investment (Interest Only)
Details
Maximum LVR
90%
Total repayments
$1,086,000
Interest rate type
Variable
Borrowing range
$40k - $100m
Suitable for
Investors
Loan term range
1 - 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
Unlimited
Redraw facility
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$644
Application fee
$0
Legal fee
$295
Valuation fee
$0
Settlement fee
$349
Other upfront fee
$0
Ongoing fee
$20
Discharge fee
$390
