AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack)
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
Many providers offer special discounts to people who are considered to be professionals. Professionals can be people of a range of occupations but generally are simply people with a high income. The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) is a loan which is offered to professionals and offers a range of special features. In addition to the low interest rate the AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) offers a range of features and discounts that are unique to the loan. This article will highlight all the features that are available with the AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack).
Features of the AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack)
The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) offers a range of features that will help you pay off your loan faster. These features are:
- Flexibility with your repayments. People may have their wage paid to them in different ways. Usually wages are paid weekly, fortnightly or monthly. The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) allows you to repay your loan with weekly, fortnightly or monthly repayments so you can organise the repayments on your loan to suit how you are paid.
- How much can you borrow. The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) allows you to borrow from $100,000 to $2,000,000. However, you can only borrow these amounts if the total size of your loan is 90% of the loan to value ratio or less. If you are borrowing over 90% of the loan to value ratio you will have to pay mortgage insurance.
- You can make additional repayments. By making additional repayments you are able to reduce the value of your loan and save money on interest charges. The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) allows you to make as many additional repayments as you would like. Furthermore, if you make any additional repayments you can redraw them at any time.
- Mortgage offset facility. The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) provides you with a 100% mortgage offset account. The funds that you place in this account will be offset against your loan when the interest is calculated. This means that the more money you have in the offset account the less you will pay on interest.
- Split the loan. The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) allows you split the loan. By splitting the loan you are able to set two different parts of the loan value to two different loan types. This allows you to hedge your bets and take advantage of the features from both of the loan types.
- Fees. The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) does not charge you valuation fees. However you will have to pay the:
- Application fee of $295;
- Legal fee of $295;
- Settlement fee of $250;
- Service fee of $349;
- Exit fee of $350.
Professional packages offer great discounts for those low risk lenders. The main for of discount come in the form of reduced interest rates but they also offer many additional features that can help you pay off the loan faster. The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) does just this by giving a discounted interest rate and a great range of helpful features. To find out more about the AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) please contact us.
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