AMP Bank Fixed Rate Loan
What happens when I click Enquire Now?
- Clicking Enquire Now will take you to the lender's website
- After completing the contact form, a mortgage expert will contact you
- The mortgage expert will ensure you find the right loan, calculate your repayments, and explains all the associated fees
- After going through the enquiry process you will be able to know how much you can borrow, begin your application when you are ready to apply and be approved for a home loan
By selecting a fixed rate loan you are securing your repayments for the period the loan is fixed. The fixed rate loans are a great way to ensure that your repayments will not go up and that you can afford to repay your loan while the loan if fixed. Most rate loans can be restrictive in that they have reduced flexibility. The AMP Bank Fixed Rate Loan is a great fixed rate loan that offers many additional features that can give you some flexibility with the loan. The interest rates that are offered with the AMP Bank Fixed Rate Loan can vary depending on the fixed rate term. The interest rates that the AMP Bank Fixed Rate Loan offers are:
Features of the AMP Bank Fixed Rate Loan
The AMP Bank Fixed Rate Loan offers you a great loan package with many additional features. These features are added to give you some flexibility in how you repay your loan. These features are:
- Flexible repayment options. The AMP Bank Fixed Rate Loan allows you to choose how you will repay the loan. You can choose between weekly, fortnightly and monthly repayments. By giving you the flexibility to allow you to choose the frequency of your repayments the AMP Bank Fixed Rate Loan allows you to organise how you pay off your loan to suit how your mage is paid.
- How much can you borrow. You can borrow anywhere from $40,000 to $2,000,000 on the AMP Bank Fixed Rate Loan. Furthermore, the AMP Bank Fixed Rate Loan allows you to borrow up to 90% of the loan to value ratio. However, if you are borrowing more than 90% of the loan to value ratio you will have to pay mortgage insurance.
- How long can you take to pay off the loan. You can take from 10 to 30 years to pay off the AMP Bank Fixed Rate Loan.
- Make additional repayments. When paying off a loan you can reduce the amount of interest that is charged to the loan by making additional repayments. The AMP Bank Fixed Rate Loan allows you to make additional repayments at any time.
- Split the loan. For no extra cost you are able to split the AMP Bank Fixed Rate Loan. You may want one portion of the loan subject to the conditions of the AMP Bank Fixed Rate Loan and another portion of the loan to be under one of the AMP Bank variable rate options. By doing this you are able to hedge your bets and while still receiving fluctuations in the amount you pay the changes will not be as extreme.
- Fees. There are no service or valuation fees with the AMP Bank Fixed Rate Loan. These fees that are charged with the AMP Bank Fixed Rate Loan are:
- Legal Fee of $295.00
- Settlement Fee of $250.00
- Exit Fee of $350.00
- Application Fee of $295
Fixed rate loans are an ideal way to secure the repayments on your loan. They are especially useful if you think the interest rates will rise dramatically. However, most fixed rate loans have less flexibility and often function within a narrow set of rules. The AMP Bank Fixed Rate Loan offers a great loan package with a variety of features that give you additional flexibility. By offering flexible repayment options, the ability to split the loan and the option to make additional payments the AMP Bank Fixed Rate Loan gives you the flexibility you may need.
Read the official terms and conditions
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher​ | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded the 2011 Non bank Lender of the Year this feature-packed loan rewards customers with a bonus rate drop of 0.25% after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
Ask A Question About This Product