AMP Bank Professional Package Variable Rate Loan ($750,000+)(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
Professional people are considered to be people who have a large income. If you are a professional you may be considering getting a large loan to buy a house or invest in a venture. If you are a professional and are borrowing over $750,000 you may be eligible for the AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack). The AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) offers a professional person a variety of discounts and additional features. Furthermore, the AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) offers a variety of features that are not available on other loans to reward you for borrowing more.
Features of the AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack)
The AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) offers a range of features to help you save. This section will explain all the features that are available and the borrowing conditions for the AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack). These are:
- Subaccounts. The AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) allows you to give each of your investments a separate subaccount. While still under the one loan you can make managing your investments easier by having separate subaccounts. You can have separate payment schemes and a monthly statement will be issued for each sub account.
- Borrowing conditions. The AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) is available to professionals who would like to borrow over $750,000. You can pay off the loan over 10 to 30 years and borrow up to 90% of the loan to value ratio. However, if you borrow over 90% you will have to pay the mortgage insurance fee.
- Extra repayments. The AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) allows you to make addition payments. There is no charge or limits on the repayments but if you pay your loan off within 3 years you will have to pay an early termination fee. By making additional payments you reduce the amount you owe faster and will be charged less interest on the account.
- Redraw facility. If you do take advantage of the free additional payments offered by the AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) you can rest easier knowing that you can redraw the money at any time. For no charge you can redraw any amount you would like on the loan. Even though you withdraw the funds you will have still gained benefits from paying less interest while the money was on your loan.
- Mortgage offset account. The AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) mortgage offset account is an feature where the funds in the account are offset against the loan when interest is calculated. This means that you will pay less interest while there is money in the account. The mortgage offset account is offset at 100% so all of your money is put to use.
- Fees. You do not have to pay valuation fees with the AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack). The fees that are charged to the loan account are:
- Application fee of $295;
- Legal fee of $295;
- Settlement fee of $250;
- Service fee of $349;
- Exit fee of $350;
If you are considered a professional and are considering borrowing a large sum of money the AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) may be for you. The AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack) account offers you discounts on interest rates and features that are not available with regular loans. Be rewarded for the hard work you have put into gain the status and get the best loan that is offered.
Read the official terms and conditions
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