Wed, 2008-04-09 20:32 — Guest

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.