AMP Basic Package

The AMP Basic Package home loan is the one of the simplest products offered by the bank. While it is typical for basic home loans to be stripped off any extra features, AMP offers something extra with the Basic Package.

The interest rates are highly competitive, the costs are low, and borrowers have more access to their money. The Basic Package provides features like redraw facility, additional payments, 100% mortgage offset, split loans, as well as the elimination of most services monthly fees.

Basic loans also give you the choice of either fixed or variable interest rate options. The benefits of either will be dependent on your individual needs. Either way, you can find real savings by choosing this AMP option.

KEY BENEFITS

Take a look at following benefits associated with the AMP Basic Package home loan.

Additional Payments

If you have extra money you can pay additional payments ahead on your loan at any time without incurring early repayment fees. However you can only pay $10,000 a year with the fixed rate loan.

100% Mortgage Offset Option

The mortgage offset facility is a way to pay less interest on the home loan by depositing either your salary or some other income directly into the designated offset account.

Split Loans

You can use a split loan option to divide the home loan between differ home loan types, allowing you to use the benefits of two loans to pay off one loan.

Redraw Facility

If you make additional payments you can use the redraw facility to access these funds for other purposes at a different date.

No Fees

You will not be charged monthly accounting or service charges.