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- Professional Package Investment Loan (Interest Only) ($500k-$1m) (LVR ≤ 80%)
AMP Bank Professional Package Investment (Interest Only) ($500k+)
- Investor
- Variable
- 20% min deposit
- Interest Only
Interest rate p.a.
6.61%
Comparison rate* p.a.
6.81%
AMP Bank Professional Package Investment (Interest Only) ($500k+)
- Investor
- Variable
- 20% min deposit
- Interest Only
Interest rate p.a.
6.61%
Comparison rate* p.a.
6.81%
Calculate your repayments for this loan
Your estimated repayment
$2,754
based on 500000 loan amount for 25 years at 6.61%
Monthly Repayment
$2,754
Total interest
$991,500
Total payments
$991,500
Start date
05-2024
End date
05-2049
Pros and Cons
For AMP Bank Professional Package Investment (Interest Only) ($500k+)
Benefits
- Interest rates ranked in the best 20%
- 100% full offset account
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
AMP Bank Variable Rate Home Loan overview
For Professional Package Investment Loan (Interest Only) ($500k-$1m) (LVR ≤ 80%)
Details
Maximum LVR
80%
Total repayments
$991,500
Interest rate type
Variable
Borrowing range
$500k - $1m
Suitable for
Investors
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
Unlimited
Redraw facility
Redraw fee: $0
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