AMP Bank Professional Package Variable Rate Loan ($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
Variable interest rate loans often attract the lowest interest rate. In addition to the low interest rate they often have the greatest amount of flexibility in their repayments by adding additional features to the loan. The AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) is a great variable rate loan that gives you the large range of features that you would expect with a variable rate. In addition to this, the AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) offer extra discounts for professionals of a high income who borrow between $250,000 and $749,999.
Features of the AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack)
The AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) offers many features to help you save money. This section will explain these features and some of the borrowing conditions. These are:
- Borrowing conditions. The AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) is available to professional who wish to borrow between $250,000 and $749,999. The loan term is 10 to 30 years and you are able to borrow up to 90% of the loan to value ratio. However, if you borrow more than 90% of the ratio you will have to pay the mortgage insurance fee.
- Make additional repayments. The AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) allows you to make additional repayments for no charge. There are no limits to the amount you can repay but if you pay off the loan in 3 years or earlier you will have to pay an early exit fee. If you make additional repayments you can redraw them at any time. This is a great feature that allows you to reduce your interest payments while still having access to your funds.
- Mortgage offset account. The mortgage offset account is a transaction account where the funds are offset against the total amount owing on the loan. The AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) offers the offset account and it can help you reduce the amount of interest that you will pay.
- Split the account. The AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) allows you to split the loan account into separate variable rate loan subaccounts. By splitting the loan you can take advantage of any other discounts or features that are available on other variable rate loans.
- Fees. The AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) does not require you to pay valuation fees but does require you to pay the:
- Application fee of $295;
- Legal fee of $295;
- Settlement fee of $250;
- Service fee of $349;
- Exit fee of $350;
Variable rate loans often offer you a low interest rate loan with many features that allow you to be flexible with how you repay your loan. The AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) further allows professionals to save by reducing the interest rate and offering extra features. With all the additional features of the AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) you can be sure that your are saving money and you are getting the best variable loan that is available to you. If you have any further questions about the AMP Bank Professional Package Variable Rate Loan ($250,000 – $749,999) (Pro Pack) please do not hesitate to contact us.
Read the official terms and conditions
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