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AMP Professional Package

A great rate is just the start with our Professional Package. Speak to our home loan specialists today to discuss your needs.

Professional Package prvides:

  • 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
  • access to Bett3r Offset
  • no establishment fee (normally $350) on loans up to 90% LVR
  • no settlement fee (normally $250) for a limited time

Mention 'Lodex'

1300 534 325

Monday - Friday
9am - 5pm (AEST)
or have us contact you

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.

Effective 18 April 2019

Owner Occupied

3.74% pa              4.13% pa    
Professional Package        Comparison rate2  
Variable Rate Loan1,3                                           
for P&I loans from $750,000                             

Master Limit - change made easy

We know being able to reach your goals can be a matter of having finances available to tap into when an opportunity arises. And with Master Limit you can rest assured whatever your goals may be, you’re prepared.  Once Master Limit is set up funds can be drawn, with the freedom to control the sub-accounts. It doesn’t matter how many times your strategy changes; you can easily rearrange your finances to meet your changing needs.  

The Master Limit gives you maximum financial flexibility with an overall lending limit that is available for your financial needs, now and in the future.  

For a one-off upfront fee of $295 you have the flexibility to:

  • choose from a 5 or 10 year Master Limit terms
  • create up to 10 sub-accounts splits on your loan, including one line of credit as the primary split
  • choose a combination of fixed and variable rates within sub-accounts
  • manage your sub-account structure as often as you please, to meet changing needs, to:
    • create new sub-accounts
    • change sub-account product types (standard product rules apply)
    • rearrange loan limits across sub-accounts

Multiple Offsets – help you take control of your loan

Are your using one offset account for multiple reasons? Maybe multiple offsets is the answer.

Here’s what you get:

  • Multiple Offsets are available on all eligible loan accounts. This means you can have up to 10 Offset  accounts linked to any one eligible loan account.
  • Offset  accounts in one, some or all of the borrowers’ names eg. John, Mary and Roger Smith have a home loan. An Offset  account in the names of John and Mary can be linked to any eligible account within the home loan.

Offset accounts could help you achieve your goal of paying off your home loan sooner and saving thousands of dollars simply by depositing savings and even regular income, allowing your savings to work for you.

By linking any number of Offset accounts, up to 10, the balances of all linked Offsets is offset against the loan balance every day which means you only pay interest on the remaining portion of the home loan.

For more information on eligible loan accounts, please visit amp.com.au/eligibleloanaccounts.

Effective 20 May 2019

Loan type Principal and Interest Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan(iii)                                                
$100,000 to $249,999 4.72% pa 5.09% pa 5.43% pa 5.35% pa
$250,000 to $499,999 4.22% pa 4.60% pa 5.20% pa 4.96% pa
$500,000 to $749,999 3.74% pa 4.13% pa 4.54% pa 4.40% pa
$750,000 and above 3.74% pa 4.13% pa 4.14% pa 4.24% pa
Reference Rate(iv) Standard Reference Rate Standard Reference Rate
Interest Only
Line of Credit(iii)        
$100,000 to $249,999 Not applicable Not applicable 5.63% pa Not applicable
$250,000 to $499,999 Not applicable Not applicable 5.40% pa Not applicable
$500,000 to $749,999 Not applicable Not applicable 4.74% pa Not applicable
$750,000 and above Not applicable Not applicable 4.34% pa Not applicable
Reference Rate(iv) Line of Credit Reference Rate
Line of Credit Reference Rate
Interest Only

Effective 20 May 2019

Loan type Principal and Interest Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Fixed rates $100,000 and above                                     
1 Year Fixed Rate 4.25% pa 5.02% pa 4.55% pa 5.04% pa
2 Year Fixed Rate 3.63% pa 4.85% pa 4.63% pa 5.02% pa
3 Year Fixed Rate 3.63% pa 4.74% pa 4.79% pa 5.02% pa
5 Year Fixed Rate 4.06% pa 4.71% pa 5.23% pa 5.17% pa

 

Professional Package Lines of Credit - credit balances

Effective 16 February 2017

Loan type Principal and Interest Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Lines of Credit (credit balances)                              
From $0 to less than $20,000 0.00% pa n/a 0.00% pa n/a
From $20,000 and over 0.25% pa n/a 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.
(iv) View a full list of Reference Rates and their values.

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.

 

3.85% pa 4.22% pa
4.05% pa Not applicable
4.05% pa Not applicable

Effective 18 April 2019

Loan type                        Principal and Interest
Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
  Interest rate(i)                Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan (Investment)
       
$100,000 to $249,999       5.39% pa 5.75% pa 5.14% pa 5.62% pa
$250,000 to $499,999 4.46% pa 4.83% pa 4.54% pa 4.83% pa
$500,000 to $749,999 4.14% pa 4.52% pa 4.44% pa 4.60% pa
$750,000 and above 4.09% pa 4.47% pa 4.24% pa 4.49% pa
Reference Rate(iv) Standard Reference Rate
Investment
Standard Reference Rate
Interest Only Investment
Line of Credit (Investment) (iii)        
$100,000 to $249,999 Not applicable Not applicable 5.34% pa Not applicable
$250,000 to $499,999 Not applicable Not applicable 4.74% pa Not applicable
$500,000 to $749,999 Not applicable Not applicable 4.64% pa Not applicable
$750,000 and above Not applicable Not applicable 4.44% pa Not applicable
Reference Rate(iv) Line Of Credit Reference Rate
Investment
Line of Credit Reference Rate
Interest Only Investment

Effective 20 May 2019

Loan type                           Principal and Interest Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
  Interest rate(i)               Comparison rate(ii)     Interest rate(i)    Comparison rate(ii)  
Fixed rates (Investment)
$100,000 and above
       
1 Year Fixed Rate 4.64% pa 5.65% pa 4.84% pa 5.67% pa
2 Year Fixed Rate 3.82% pa 5.41% pa 4.04% pa 5.44% pa
3 Year Fixed Rate 3.82% pa 5.26% pa 4.04% pa 5.31% pa
5 Year Fixed Rate 5.18% pa 5.55% pa 5.38% pa 5.62% pa

Professional Package Lines of Credit

Effective 16 February 2017

Loan type Principal and Interest Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Lines of Credit (credit balances)                                          
From $0 to less than $20,000 0.00% pa n/a 0.00% pa n/a
From $20,000 and over 0.25% pa n/a 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.
(iv) View a full list of Reference Rates and their values.

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.

4.34% pa 4.70% pa
4.34% pa 4.70% pa
4.54% pa Not applicable
4.57% pa 4.84% pa

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 Life 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 shown are for new loans and 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.

Information including rates is current as at 8 March 2019 and subject to change without notice. Available for new loans only. Approval is subject to AMP Bank guidelines. Other fees and charges may apply. Full details are available in the Fees and charges guide. Terms and conditions are available on request.