Qualities & advantages
Without any force to create straightaway, you should buy vacant land or acreage and hang on to it for approximately three decades on our adjustable rate. In accordance with no fees that are ongoing you select between minimal interest just repayments or fast-track with extra repayments without penalty. Not just have you got the flexibility to cover your land loan off sooner, you could redraw any additional repayments effortlessly and without charges, making use of My AMP or BankPhone to move funds into any account you title (pay anybody) via on the web transfer.
Owner Occupied rate that is variable $100,000+, LVR ? 90% + LMI, & P&I repayments. Other prices make an application for Investment home loans.
No force to construct
With your Land Loan you’ve got the capability to buy land and plan ahead.
Interest just repayment choice
It’s your option ? elect to cover interest only for as much as five years.
The many benefits of great rates
As much as three decades at adjustable rate.
The capacity to separate your loan
With as much as 10 sub-accounts available along with other construction or land loans it is possible to elect to separate your loan if you prefer ($10,000 minimum for every account).
Extra payment choices
Using the AMP Land Loan you’ve got the choice to make extra repayments.
Comfortable access to your cash
Redraw funds via phone and internet banking if you want them.
- AMP Bank Land Loan enables you to redraw any funds that are extra deposit if you like.
- Making extra repayments whenever you want is really a way that is great lower your outstanding stability, which decreases the quantity of interest you spend on the life of your loan. It is possible to cut years off your loan and conserve money with every dollar that is extra deposit. […]