Affinity Variable Rate Loan Affinity Variable Rate Loan $250K - $749K (LVR 90%) (Owner Occupied)
3.89%p.a Standard Variable
Repayments calculated to take into account ongoing monthly and anual fees.
- Monthly repayment*
- rate per annum
Loan to Value Ratio
Borrow up to the maxium of 90% of the value of the property.
Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.
However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.
- Capitalise LMI
For ["Equity", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].
- 10 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.
Some features you may wish to consider include:
- an offset account;
- ability to make extra repayments;
- a redraw facility; and
- linked credit card and savings accounts;
- ability to split your loan between fixed and variable interest rates
- Offset Account
- Redraw Available
- Credit Card
- Internet Banking
- Telephone Banking
- BPay Option
- Portability of Loan
- Professional Pack
- Check Account
- Direct Salary Credit
- Free Transactions
- Minimum Redraw
- Redraw Fee
You can make your repaments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 5 years
Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.
Monthly and annual fees and charges during the loan period.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
LIMITED TIME OFFER: The Establishment Fee of $350 is waived for all applications with an LVR of 90% or below until further notice. OTHER PRODUCT NOTES: Target Market: If your client is a professional such as a lawyer, accountant, GP, surgeon, dentist or optometrist, and is a member of one of our affinity associations, they may be entitled to an Affinity Home Loan package. Key Features: Discounts off AMPs Classic range of variable and fixed rate products for total borrowings over $100,000 Fee-free unlimited access (for variable rate loans and lines of credit) to: - ATM and eftpos with an access card - Internet and phone banking - Pay bills with BPAY - Cheque book (for lines of credit only) - Up to $10,000 in additional repayments per year on Fixed Rate Loans without penalty - Flexibility to vary loan sub-limits at no charge under the Master Limit option - Available in personal, company or trust names for personal purposes Minimum loan amount $40,000 Minimum split amount $10,000 Total borrowings in same entity name only. Availability and Loan Purpose: Available for new and existing customers Personal customers permitted Companies or trusts for non-business purposes permitted Borrowings for business purposes not permitted, i.e., where: - Loan purpose is stated as business - Borrowings are refinancing a business loan or commercial bill - Loan is deemed as being for business purposes after assessment by AMP Bank
LMI premium can be capitalised to loan above 90% LVR LMI required >80% LVR. Max LVR and loan amounts as follows: - Up to $850k - 90% plus cap LMI (existing customers purchasing an O/O property - 95% plus cap LMI). - $850k-$1.5m - 80% - $1.5m-$1.75m - 75% - $1.75m-$2m - 70%
For property purchases >85% LVR, borrowers must contribute a minimum of 5% of the purchase price saved / held over a minimum 3 month period fo the last 3 months. Acceptable forms of savings include: Funds in bank accounts/term deposits Shares Equity in residential property Sale proceeds from residential property Deposit paid for the property more than 3 months ago For more information please contact your Business Development Manager.
Quoted exit fee includes Solicitors and Mortgage Processing Servicers Discharge Costs. $295 Master Limit Application Fee applies where Master Limit requested. Guarantor Administration Fee ($200), LMI Processing Fees ($100) applicable.