AMP Bank Professional Package Line of Credit ($250,000-$749,999) (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
There are many discounts offered with home loans depending on how you borrow. You can get discounts for being a low risk customer such as professionals who have a solid wage. Furthermore, you can also get discounts by borrowing more money. The AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) offers professionals who fall into both of these categories a variety of discounts and additional features. The AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) offers a low discounted interest rate of 6.77% In addition to the reduced interest rate the AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) offers some features that can help you pay off the loan faster and for less money.
Features of the AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack)
The AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) offers a range of features. This section will explain the features and the borrowing conditions that are available with the AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack). These are:
- Borrowing conditions. The AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) is available for professionals who borrow between $100,000 and $1,000,000. The minimum term of the loan is 20 years while the maximum term is 30 years. You can borrow up to 90% of the loan to value ratio however if you have to borrow over 80% you will have to pay mortgage insurance.
- You can make additional repayments. You can make as many additional repayments as you would like for no extra charge when on the AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack). By making additional repayments you not only pay off your loan faster, but you will also reduce the total amount of interest that is charged to your account.
- Redraw facility. If you make additional repayments or build up equity on the loan you are able to redraw up to the agreed amount. This is a handy feature that will allow you to spend money on any additional costs or investments that may arise. The AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) allows you to redraw any amount for no extra charge.
- Split the loan. The AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) allows you to split the loan. By splitting the loan you are able to have portions of the loan subject to different loan schemes. By doing this you are able to take advantage of all the features different loans offer while making sure you don’t receive all the negative effects of a particular loan type.
- The loan is portable. Your circumstances may change over the 20 – 30 years it takes to pay off the AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack). If you have to change move or change your investments you can take the AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) with you. You will have to pay a transfer fee of $350 but will save money and time by avoiding the application process of another loan.
By being a low risk professional and borrowing a large sum of money you are able to receive discounts on your loans. The AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) is a great loan scheme that rewards you for borrowing a large amount and being a low risk professional. By taking advantage of the discounts and the additional features available the AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) will ensure that you will save thousands while paying off your loan. If you would like to find out more about the AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack) please do not hesitate to contact us.
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