Grow your home portfolio with land to later use now or

Grow your home portfolio with land to later use now or

Qualities & advantages. Interest just repayment choice. No stress to create

Without any force to construct straightaway, you can purchase land that is vacant acreage and hold on tight to it for approximately three decades on our adjustable price. Sufficient reason for no fees that are ongoing you select between minimal interest just repayments or fast-track with extra repayments without penalty. Not just are you experiencing the flexibility to cover down your land loan sooner, you may want to redraw any additional repayments effortlessly and without costs, 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 rates submit an application for Investment home loans.

With your Land Loan you have the power to buy plan and land ahead.

It’s your preference ? elect to pay for interest just for as much as 5 years.

The advantages of great prices. The ability to divide your loan

As much as three decades at adjustable price.

With as much as 10 sub-accounts available along with other construction or land loans you can easily elect to separate your loan if you want ($10,000 minimum for every account).

Additional payment choices. Comfortable access to your cash

Using the AMP Land Loan you’ve got the choice to make repayments that are additional.

Redraw funds via phone and internet banking when you really need them.

Redraw benefits

  • AMP Bank Land Loan enables you to redraw any funds that are extra deposit when you like.
  • Making extra repayments whenever you want is a way that is great lower your outstanding stability, which decreases the actual quantity of interest you spend within the life of the loan. You can easily cut years off your loan and save cash with every dollar that is extra deposit.
  • This Land Loan additionally allows you to make repayments regular, fortnightly or month-to-month (Interest only requires monthly repayments. ) Keep in mind, the regularity of repayments (or a additional repayment) also assists shorten the expression of your loan. Read more