Features & advantages
Without any force to construct straightaway, you can purchase vacant land or acreage and hang on to it for approximately three decades on our adjustable price. Along with no ongoing costs, you select between minimal interest just repayments or fast-track with extra repayments without penalty. Not merely have you got the flexibility to cover your land loan off sooner, it is possible to redraw any additional repayments effortlessly and without charges, utilizing My AMP or BankPhone to move funds into any account you title (pay anyone) via on line transfer.
Owner Occupied adjustable rate loan* $100,000+, LVR ? 90% + LMI, & P&I repayments. Other prices submit an application for Investment home loans.
No stress to create
With your Land Loan you’ve got the power to buy plan and land ahead.
Interest only repayment choice
It’s your option ? elect to pay for interest just for up to 5 years.
The advantages of great prices
Up to three decades at variable price.
The capacity to separate your loan
With as much as 10 sub-accounts available along with other land or construction loans you are able to elect to separate your loan if you want ($10,000 minimum for every single account).
Additional payment choices
Using the AMP Land Loan there is the solution to make extra repayments.
Quick access to your cash
Redraw funds via phone and internet banking when you really need them.
- AMP Bank Land Loan allows you to redraw any funds that are extra deposit once you like.
- Making extra repayments whenever you want is a way that is great lessen your outstanding stability, which decreases the quantity of interest you spend throughout the lifetime of one’s loan. You are able to cut years off your loan and conserve money with every dollar that is extra deposit.