Get a flexible line of credit to finance your goals.
The AMP Professional Package Line of Credit is a line of credit home loan available both to investors and owner-occupiers.
|Product Name||AMP Professional Package Line of Credit|
|Interest Rate Type||Variable|
|Comp Rate^ (p.a.)|
|Minimum Loan Amount||$100,000|
|Maximum Loan Amount||$1,000,000|
|Minimum Loan Term||20 years|
|Maximum Loan Term||30 years|
|Maximum Insured LVR||90%|
|Mortgage Offset Account||No|
|Mortgage 100% Offset||No|
|Loan Redraw Facility||Yes|
|Split Loan Facility||Yes|
|Fixed Interest Option||No|
|Suitable for Investment||Yes|
|Available as equity loan/line of credit||Yes|
|Repayment Type||Principal & Interest and Interest Only Options|
|Lender's Legal Fee||$0|
|Ongoing Fees||$349 p.a.|
- $0 application fee
- 100% offset account
- There's an annual fee of $349
- A $100 discharge fee applies when closing the loan
What do I need to know about this loan?
The AMP Professional Package Line of Credit is a flexible line of credit that offers full transaction access and a pre-approved master limit for purchases.
What are the features and benefits of the AMP Professional Package Line of Credit?
- Loan amount. The AMP Professional Package Line of Credit has a minimum borrowing amount of $100,000 and a maximum loan amount of $1,000,000. The funds are a pre-approved credit limit, and you'll only be charged interest on the amount that you use.
- Waived fees. AMP Bank is currently waiving the establishment fee for loans with a loan-to-value ratio (LVR) of up to 90%.
- Interest-only option. The AMP Professional Package Line of Credit gives you the option of making interest-only repayments.
- Repayment frequency. Repayments must be made monthly, and you can make as many additional repayments as you like without penalty.
- Access to funds. You can access your line of credit funds using a debit card at ATMs across Australia. There is no limit to the number of transactions you can perform.
What fees and charges come with this loan?
- Establishment fee: $0. This fee covers the administrative costs of processing your application. AMP Bank is currently waiving this fee for loans with an LVR of up to 90%.
- Settlement fee: $0. This one-time fee covers the administrative costs of disbursing your home loan funds.
- Discharge fee: $100. The discharge fee applies when you either repay or refinance your home loan.
How do I apply for this loan?
If you believe the AMP Professional Package Line of Credit is the right product for you, click the link below. You'll be directed to fill out a brief form, and you'll then be contacted by an AMP lending specialist.