AMP Fixed 5 Year

The AMP 5-Year Fixed Rate home loan offers the borrower a wider selection of features than what is standard on the fixed rate home loan. It has a term lasting five years. Following the end of this initial period, the interest rate returns to the AMP variable rate. The fixed rate allows you to keep payments under control despite rate changes.

The 5-Year Fixed Rate home loan offered by the AMP Bank includes a selection of benefits including repayment options, extra payments, interest only features, and the split loan option. This ensures that you get plenty of flexibility in your fixed rate home loan.

KEY BENEFITS

The 5-Year Fixed Rate home loan has the same features as the other AMP fixed rate loans.

Make Extra Repayments

This fixed rate home loan let pay extra beyond your regular monthly payments up to $10,000 a year before incurring early repayment penalties.

Payments Flexible

You can benefit from flexible repayment terms with this AMP fixed home loan. The borrower can pay weekly, fortnightly, or monthly on their loan balance. This provides added flexibility on when you have to pay off the loan.

Pay Interest Only

You have the option of paying interest only on your monthly loan payments with this feature. It is available for up to 5 years. The borrower does not have to pay principal during this time.

Split Loans

Using this feature you can divide your loan’s payment terms between different types of AMP loans so you can use the benefits of each so you can pay your loan offer faster and save some money too.