Qualities & benefits. Interest just repayment title max option. No pressure to construct
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. Along with no ongoing charges, you select between minimal interest just repayments or fast-track with extra repayments without penalty. Not merely have you got the flexibility to cover down your land loan 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 adjustable rate loan* $100,000+, LVR ? 90% + LMI, & P&I repayments. Other prices make an application for Investment home loans.
With your Land Loan you’ve got the power to purchase plan and land ahead.
It’s your option ? elect to cover interest just for as much as 5 years.
The many benefits of great prices. The capacity to divide your loan
As much as three decades at adjustable price.
With as much as 10 sub-accounts available along with other land or construction loans you can easily decide to divide your loan if you prefer ($10,000 minimum for every single account).
Extra payment options. Quick access to your cash
With all the AMP Land Loan you have the choice to make extra repayments.
Redraw funds via phone and internet banking when you really need them.
- AMP Bank Land Loan enables you to redraw any funds that are extra deposit when you like.
- Making additional repayments whenever you want is a great solution to lessen your outstanding stability, which decreases the quantity of interest you spend throughout the life of your loan.