AMP Professional Package Line of Credit

The AMP Professional Package Line of Credit offers the borrower financing in the range of $100,000 through $249,000. This line of credit is available with a discount interest rate and comes with variety of features. These features can help professional clients manage their investments effectively while also saving money too.

This is the loan option available to very rich Australian professional. Professional packages are tailored to the specific needs of the wealthy client. The AMP Professional Package can include not only the line of credit but also different styles of variable and fixed rate home loans, including introductory rate loans.

KEY BENEFITS

The following are features of AMP Professional Package Line Of Credit home loan:

Subaccounts

This line of credit includes the ability to divide your loan into up to ten subaccounts. Each of these subaccounts may be used as a management tool for individual investments that may be attached to the line of credit loan. Each one may have a separate timetable for repayment.

Additional Repayments

If you pay on your mortgage in advance you can reduce the total amount you owe on the loan and shorten the time it takes to pay off the balance, saving you money. There are no limits on repayments.

Redraw Facility

This allows you to withdraw money that has built up in equity or that has been deposited in your line of credit account without charges or limits for other uses.

Loan Portability

This feature allows you to move the loan amount into separate investments should the need arise. A $350 fee is paid for the transfer.