Finance Details


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TitleDetails
Lender NameAMP
Loan nameAffinity Fixed Rate Loan 1 Year $100K - $249K (Investment)
Initial %4.64%
Ongoing %4.72%
Max Term Fixed Rate1
Max Term Interest Only5
Interest Type (Initial)Fixed
Interest Type (Ongoing)Standard Variable
Repayment FrequencyFortnightly,Monthly,Weekly
Repayment Type (Initial)P&I or I/O
Repayment Type (After Initial)Principal and Interest
Additional Loan Splits Allowed9
FinancialsFull Doc
Non ConformingNo
Product Type: CommercialNo
Product Type: Owner OccupiedNo
Product Type: InvestmentYes
Product Type: EquityYes
Product Type: ConstructionNo
Product Type: Vacant LandNo
Product Type: Line of CreditNo
Product Type: ReverseNo
Product Type: BridgingNo
NotesPLEASE NOTE: AMP will no longer accept new refinance applications for investor property loans Total borrowings must be >$100K. Introductory rate loans not available in conjunction with Affinity and Select Packages. The Settlement Fee for Affinity and Select Packages is $350. Other fees and charges apply and will be set out in your loan agreement. Special Home Loan Packages for members of professional associations affiliated with AMP Bank. Refer to AMP Distribution Centre for Affinity Package Groups. Products Available - Affinity Variable Rate Loan - Affinity Line of Credit - Affinity 1,2,3 & 5 Year Fixed Rate Loans Discounts from the standard variable and line of credit interest rates, for loans with a single, owner occupied security from $100,0001 with an LVR less than or equal to 80%. Total borrowings in same entity name only. 1,2,3 and 5 Year Fixed Rate Loans also available with variable rate discounts applying after the fixed rate period.
ERP Notes
BC Notes$175 plus interest break costs apply.
OF NotesAnnual Package Fee (Executive Club Annual Fee) waived.
Other Fee NotesQuoted exit fee includes Solicitors and Mortgage Processing Servicers Discharge Costs. $295 Master Limit Application Fee applies where Master Limit requested. Guarantor Administration
Max LVR70.00%
Capitalise LMIYes
LVR NotesNew investor property loans will require a LVR below 70% (inclusive of LMI)
Genuine SavingsYes
Genuine Savings NotesFor property purchases >85% LVR, borrowers must contribute a minimum of 5% of the purchase price saved / held over a minimum 3 month period for the last 3 months. Acceptable forms of savings include: -Funds in bank accounts/term deposits -Shares -Equity in residential property -Sale proceeds from residential property -Deposit paid for the property more than 3 months ago. For more information please contact your Business Development Manager.
Min Loan$100,000.00
Max Loan$249,999.00
Min Term10
Max Term30
Est Fee$0.00
App Fee$0.00
Val Fee$0.00
Legal Fee$295.00
S/m Fee$350.00
Upfront Fee$645.00
Ongoing Monthly Fee$0.00
Ongoing Annual Fee$0.00
Exit Fee$350.00
Fixed Fee$350.00
Other Fee$0.00
Internet BankingYes
Credit CardNo
BPay OptionYes
Professional PackNo
Cheque AccountNo
Intro RateNo
Telephone BankingYes
Direct Salary CreditYes
Portability of LoanYes
Redraw AvailableNo
Offset AccountNo
Min Redraw$0.00
Free Transactions per Month999
Loan Redraw Fee$0.00
Lender Category Second Tier Bank