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AMP Banking Variable Interest Rate Rise

Wed, 2008-04-09 20:32 — Broker
AMP Banking Variable Interest Rate Changes effective 10 April 2008. The following AMP Banking variable interest rate home loans are increasing by 0.10 percent tomorrow
  • Introductory Classic Variable Rate Loan
  • Classic Variable Rate Loan
  • Classic Line of Credit
  • Construction Loan
  • Select Variable Rate Loan
  • Introductory Professional Package Variable Rate Loan
  • Professional Package Variable Rate Loan
  • Professional Package Line of Credit
  • Standard Rate Low Doc (LMI payable LVR >60% to 80%)
  • Low Doc Variable Rate Loan
  • Standard Rate Low Doc (LMI payable LVR >60% to 80%)
  • Low Doc Line of Credit
  • Step Down Rate Low Doc (LVR to 80% no LMI payable)
  • Low Doc Variable Rate Loan
  • Step Down Rate Low Doc (LVR to 80% no LMI payable)
  • Low Doc Line of Credit
  • Affinity Variable Rate Loan
  • Affinity Line of Credit
  • Standard Low Doc for Affinity (LMI payable LVR >60% to 80%)
  • Affinity Low Doc Variable Rate Loan
  • Standard Low Doc for Affinity (LMI payable LVR >60% to 80%)
  • Affinity Low Doc Line of Credit
  • Step Down Rate Low Doc for Affinity (LVR to 80% no LMI payable)
  • Affinity Low Doc Variable Rate Loan
  • Step Down Rate Low Doc for Affinity (LVR to 80% no LMI payable)
  • Affinity Low Doc Line of Credit
The 0.10 percent increase applies to loans with a LVR up to 95% only. For applications received on or after 2 April 2008, an additional margin of 0.20 percent per annum is added to the above interest rates when the LVR exceeds 95 percent.

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