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- Professional Package Construction Investment Loan (Interest Only) ($500k+) (LVR ≤ 60%)
Professional Package Construction OO (Interest Only)
- Investor
- Variable
- 40% min deposit
- Interest Only
Interest rate p.a.
6.84%
Comparison rate* p.a.
6.78%
Professional Package Construction OO (Interest Only)
- Investor
- Variable
- 40% min deposit
- Interest Only
Interest rate p.a.
6.84%
Comparison rate* p.a.
6.78%
Calculate your repayments for this loan
Your estimated repayment
$2,850
based on 500000 loan amount for 25 years at 6.84%
Monthly Repayment
$2,850
Total interest
$1,026,000
Total payments
$1,026,000
Start date
05-2024
End date
05-2049
Pros and Cons
For Professional Package Construction OO (Interest Only)
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
- Maximum loan amount is limited to 60% of the property's value
- No repayment holidays
AMP Bank Variable Rate Home Loan overview
For Professional Package Construction Investment Loan (Interest Only) ($500k+) (LVR ≤ 60%)
Details
Maximum LVR
60%
Total repayments
$1,026,000
Interest rate type
Variable
Borrowing range
$500k - $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
$295
Application fee
$0
Legal fee
$295
Valuation fee
$0
Settlement fee
$0
Other upfront fee
$0
Ongoing fee
$349
Discharge fee
$390
Promoted home loan products
Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.90%
Australian Credit Licence 234945
Fees & charges apply
Express Home Loan
Real Time Rating™
- Special
- Owner Occupied
- Variable
- 10% min deposit
Interest rate p.a.
6.01%
Comparison rate* p.a.
6.14%
Australian Credit Licence 237879
Fees & charges apply
AMP Bank Professional Package Home Loan (Principal and Interest) ($500k+)
Real Time Rating™
- Owner Occupied
- Variable
- 40% min deposit
- P&I
Interest rate p.a.
6.19%
Comparison rate* p.a.
6.54%
Australian Credit Licence 234517
Fees & charges apply
Basic Home Loan
Real Time Rating™
- Cashback
- Owner Occupied
- Variable
- 20% min deposit
Interest rate p.a.
6.29%
Comparison rate* p.a.
6.30%
Australian Credit Licence 233714
Fees & charges apply
Product data updated on 19 May 2024