Professional Package

Tailor your loan with the features you need

Looking for ways to build assets and future wealth? An AMP Bank Professional Package is a very flexible home loan of $100,000 or more.

When you choose a Professional Package loan you're able to select from a range of innovative options to tailor your banking and your loan to your needs.

Not only do you have the flexibility to pay off your home loan sooner, you have the option of a master limit—an overall pre-approved lending limit, ready to use when you need it. It can provide the flexibility to restructure deductible and non-deductible debt, as your needs and goals change over time. All without the need to re-apply for funds.
 

^ Information is correct as at 26 June 2015 and subject to change without notice. Fees and charges are payable. View the full terms and conditions.

The Professional Package may suit if you:

  • want the flexibility to structure debt effectively
  • need a loan that responds to your borrowing needs and financial goals
  • prefer to have full transaction banking using ATMs and eftpos
  • want to consolidate debts into one easy to manage line of credit account.

Here’s what you get:

  • your choice of features from the AMP Bank range of home loans
  • a variable interest rate with a master limit, a fixed rate or a line of credit loan
  • up to 10 split loans in each account (a minimum of $10,000 each)
  • full transaction access with variable rate or line of credit accounts.
3.85% pa ProPack Variable Rate Loan (loans from $750,000)+ 3)
4.22% pa Comparison rate2

Apply now

Find out how

1300 534 325

Monday to Friday
9am – 5pm (AEST)

The Professional Package lets you redraw any extra funds you deposit whenever you like—with no Withdrawal fees—on our variable rate and line of credit loans.

You can redraw your money using BankNet, BankPhone, BankAssist, an access card or a cheque book (line of credit only). Please refer to the Home loan fees and charges guide for associated costs.

Making additional repayments will reduce your loan balance and therefore the interest you pay. Over the long haul, this can make a big difference to the interest you’ll pay and reduce the length of your home loan, so you can own your home sooner.
 

Effective 19 September 2016

Loan type Interest rate(i) Comparison rate(ii)
Variable rate loan(iii)                                            
$100,000 to $249,999 4.22% pa 4.58% pa
$250,000 to $749,999 3.89% pa 4.25% pa
$750,000 and above 3.85% pa 4.22% pa
Line of Credit(iii)    
$100,000 to $249,999 4.42% pa Not applicable
$250,000 to $749,999 4.09% pa Not applicable
$750,000 and above 4.05% pa Not applicable

Effective 19 September 2016

Loan type Interest rate(i) Comparison rate(ii)
Fixed rates  $100,000  and above                       
1 Year Fixed Rate 4.35% pa 4.62% pa
2 Year Fixed Rate 4.28% pa 4.64% pa
3 Year Fixed Rate 4.28% pa 4.67% pa
5 Year Fixed Rate 4.59% pa 4.85% pa


Professional Package Lines of Credit - credit balances

Effective 22 May 2015

Loan type Interest rate(i) Comparison rate(ii)
Lines of Credit (credit balances)    
From $0 to less than $20,000 0.00% pa n/a
From $20,000 and over 0.25% pa n/a

Cheque book available on lines of credit only. Credit interest applies to all lines of credit. The Establishment fee of $350 will be waived for all applications with a loan-to-value ratio of 90% or less. Professional Package eligibility—total borrowings with AMP Bank must exceed $100,000. An Annual fee of $349 is payable in advance at settlement and on each anniversary date of the Professional Package loan. An Application fee of $350 and a Settlement fee of $250 are both currently waived.

(i) Rates are subject to change.
(ii) The comparison rate is calculated for a secured loan on a loan amount of $150,000 over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
(iii) Rates are for new loans only
Approval is subject to AMP Bank guidelines. Other fees and charges apply. Full details are available in the Fees and charges guide. Terms and conditions are available on request.

 

Effective 19 September 2016

Loan type Interest rate(i) Comparison rate(ii)
Variable rate loan (Investment)                                            
$100,000 to $249,999 4.22% pa 4.58% pa
$250,000 to $749,999 3.99% pa 4.35% pa
$750,000 and above 3.99% pa 4.35% pa
Line of Credit (Investment)    
$100,000 to $249,999 4.42% pa Not applicable
$250,000 to $749,999 4.19% pa Not applicable
$750,000 and above 4.19% pa Not applicable

Effective 19 September 2016

Loan type Interest rate(i) Comparison rate(ii)
Fixed rates (Investment) $100,000+                                
1 Year Fixed Rate 4.64% pa 4.59% pa
2 Year Fixed Rate 4.57% pa 4.59% pa
3 Year Fixed Rate 4.57% pa 4.59% pa
5 Year Fixed Rate 4.88% pa 4.73% pa

Professional Package Lines of Credit

Effective 22 May 2015

Loan type   Interest rate(i) Comparison rate(ii)
Lines of Credit (credit balances)                                      
From $0 to less than $20,000 0.00% pa n/a
From $20,000 and over 0.25% pa n/a

Cheque book available on lines of credit only. Credit interest applies to all lines of credit. The Establishment fee of $350 will be waived for all applications with a loan-to-value ratio of 90% or less. Professional Package eligibility—total borrowings with AMP Bank must exceed $100,000. An Annual fee of $349 is payable in advance at settlement and on each anniversary date of the Professional Package loan. An Application fee of $350 and a Settlement fee of $250 are both currently waived.

(i) Rates are subject to change.
(ii) The comparison rate is calculated for a secured loan on a loan amount of $150,000 over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Approval is subject to AMP Bank guidelines. Other fees and charges apply. Full details are available in the Fees and charges guide. Terms and conditions are available on request.

Create a home loan that's easy to manage

You can combine features and banking products to create a home loan with access to your funds and extra repayment ability. You have the flexibility to:

  • choose a 100% loan offset facility with a variable rate loan
  • select from variable rate, fixed rate and line of credit home loans
  • access funds with linked bank accounts
  • qualify for a master limit to meet your overall borrowing needs.
     
  Line of credit Variable rate(i) loan Fixed rate loan
Fixed interest rate No No Yes
Variable interest rate Yes Yes No
Loan size $100,000 to $1,000,000 $100,000 to $2,000,000 $100,000 to $2,000,000
Upfront fees Establishment and Settlement fees are currently waived Establishment and Settlement fees are currently waived Establishment and Settlement fees are currently waived
Ongoing fees $349 annual Package fee $349 annual Package fee Nil
Repayments Monthly payments Monthly, fortnightly or weekly payments Monthly, fortnightly or weekly payments
Additional repayments Yes, anytime without penalty Yes, anytime without penalty Additional repayments up to a maximum of $10,000 per 12 months without penalty
Interest only period Up to 10 years Up to five years Up to five years
Redraw available Yes, access your additional payments when required Yes, access your additional payments when required No, redraw is not available during the fixed rate period
Loan term Up to 30 years Up to 30 years Up to five years
Access Internet (BankNet), Phone (BankPhone), BankAssist, Access Card, BPAY and cheque book Internet (BankNet), Phone (BankPhone), BankAssist, Access Card and BPAY Internet (BankNet) and Phone (BankPhone)
Split loan facility Yes, up to 10 split loans allowed; minimum split $10,000 Yes, up to 10 split loans allowed; minimum split $10,000 Yes, up to 10 split loans allowed; minimum split $10,000
100% offset No Yes, with Offset deposit account No
  Apply now Apply now Apply now

Still have questions? Let our Loan comparison calculator help you choose the loan that's right for you or find out more about all AMP Bank home loans.

(i) Rate subject to change. Fees and charges apply. Australian credit licence 234517

  • No monthly Account management fees
  • Ability to make unlimited additional payments on your introductory variable rate loan whenever you like without incurring Early repayment fees
  • Option to access a master limit1
  • Link an Offset Deposit Account to your introductory variable rate loan
  • Automatic roll over to our Professional Package variable rate loan (receive up to 1.00% pa1 off the Classic variable rate) at no extra cost

1 A master limit is an overall limit—up to the maximum amount you can borrow—approved when you first apply for your loan, and available for future investment needs for up to 10 years. You only make repayments on the funds you use—the balance remains pre-approved and on stand-by. A master limit Application fee applies. Please refer to the Home loan fees and charges guide for details.

 

Want the freedom to access funds to use for your own purposes? An AMP Bank Professional Package line of credit is a smart way to consolidate your debts and enjoy the flexibility of repaying and accessing your credit. The line of credit converts to a principal and interest loan after 10 years, to ensure the balance starts decreasing over time.

A Professional Package line of credit offers you:

  • an interest-rate discount of up to 1.00% pa1 off the Classic line of credit rate
  • interest charges only on the funds you use
  • the option to borrow more money up to your approved limit
  • the choice to borrow up to 90% of the value of your security property
  • a selection of loan terms: 20, 25 or 30 years
  • the ability to make unlimited additional payments on your line of credit whenever you like without incurring Early repayment fees
  • on request, an AMP Bank access card for ATM and eftpos transactions—you’ll receive fee-free withdrawals via the rediATM network Australia-wide
  • unlimited free electronic banking transactions including BPAY and direct credit
  • a cheque book for added convenience.

A line of credit is not eligible for linking to an Offset Deposit Account. If your loan is linked to an Offset Deposit Account, no interest offset benefit will apply.

1 Rates are subject to change.

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Important information

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It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account.

This information is provided by AMP Bank Limited. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.

The credit provider and product issuer is AMP Bank Limited, Australian Credit Licence 234517.

1 Rates are subject to change.
2 Comparison rate calculated for a secured loan on a loan amount of $150,000 for a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
3 Rate is for new loans only.