AMP Bank - Essential Home Loan
Variable | Owner Occupied | Principal & Interest | LVR up to 80% | Borrowing between $250,000 and $750,000
The AMP Bank Essential Home Loan offers an advertised interest rate of 6.44% p.a. and a comparison interest rate of 6.47% p.a.. The AMP Bank Essential Home Loan is suitable for Owner Occupiers with Variable terms.
More AMP Bank Essential Home Loan details can be found below or visit AMP Bank to learn more or apply.
A Variable rate loan for Owner Occupiers repaying the Principal & Interest with an advertised interest rate of 6.44% p.a. and a comparison interest rate of 6.47% p.a.
Advertised Rate
6.44% p.a. Variable
Comparison Rate
6.47% p.a. Variable
Application Fee
$0 one off
Loan To Value
80%
Interest
Rate Type
Variable
Advertised Rate
6.44% p.a.
Variable
Comparison Rate
6.47% p.a.
Variable
Calculation Frequency
Daily
Application Frequency
Monthly
Terms
Suitability
Owner Occupiers
Borrowing
$250,000 to $750,000
Term
1 to 30
years
Loan To Value
80%
Repayment
Type
Principal & Interest
Frequency
Monthly, Weekly, Fortnightly
Extra Repayments
Yes
Fees
Application Fee
$0
one off
Valuation Fee
$0
Settlement Fee
$0
per event
Ongoing Fee
$0
per month
Redraw Fee - Staff Assist
$0
per event
Features
Redraw
Yes
Loan Offset
No
Who is the product designed for?
The objectives, needs and financial situation of customers in the target market are:
Objectives & Needs
- A person who may seek a variable rate credit facility (with no offset facility) to:
- purchase a residential property, or
- refinance an existing home loan facility, or
- purchase other property or investments, and
- take advantage of potential future decreases in an interest rate and the flexibility to make additional repayments and/or repay the facility early
Financial situation
- a person who will have funds to make payment of fees, interest and repayments as and when such amounts become due and payable.
Visit AMP Bank to view Target Market Determination Effective From: 2023-10-31.
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