AMP Professional Package Line of Credit

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.

Interest Rate Max Insured LVR Max LVR
$100,000 to $249,999 (Investor, IO)
5.09% p.a.
Comparison Rate
80% 80%
$100,000 to $249,999 (Owner Occupier, IO)
5.38% p.a.
Comparison Rate
80% 80%
$250,000 to $499,999 (Investor, IO)
4.49% p.a.
Comparison Rate
80% 80%
$250,000 to $499,999 (Owner Occupier, IO)
5.15% p.a.
Comparison Rate
80% 80%
$500,000 to $749,999 (Investor, IO)
4.39% p.a.
Comparison Rate
80% 80%
$500,000 to $749,999 (Owner Occupier, IO)
4.49% p.a.
Comparison Rate
80% 80%
$750,000 and above (Investor, IO)
4.19% p.a.
Comparison Rate
80% 80%
$750,000 and above (Owner Occupier, IO)
4.09% p.a.
Comparison Rate
80% 80%
Product NameAMP Professional Package Line of Credit
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$100,000
Maximum Loan Amount$1,000,000
Minimum Loan Term20 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditYes
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$220-$440
Ongoing Fees$349 p.a.
Settlement Fee$0
Discharge Fee$100

Pros

  • $0 application fee
  • 100% offset account

Cons

  • 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.

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AMP Professional Package Line of Credit

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $349

  • Max LVR

    80%

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