OZBARGAIN
A really good cashback offer from AMP has just come up for "property purchase" (rare).
They also offer very low investment interest rates.
Key offer details:
$3,000 cashback on property purchase only (not refinance), paid within 60 days of settlement.
$250,000 minimum loan amount.
Either owner-occupied or investment loan, but must be on principal & interest repayment.
Must be either a variable rate loan or a combination of fixed rate and variable rate loans (cannot be purely fixed rate).
Apply by 31 May 2022 and settle by 31 August 2022 (unless varied by the bank).
Some of their variable interest rates as of 28/03/2022:
Owner Occupied P&I with redraw facility @ 80% LVR: 2.22% (comparison rate 2.25%).
Owner Occupied P&I with offset account @ 60% LVR: 2.29% (comparison rate 2.71%).
Owner Occupied P&I with offset account @ 80% LVR: 2.34% (comparison rate 2.76%).
Investment P&I with offset account @ 60% LVR: 2.29% (comparison rate 2.71%) (same as Owner Occupied rate).
Investment P&I with offset account @ 80% LVR: 2.34% (comparison rate 2.76%) (same as Owner Occupied rate).
Please note that comparison rate is based on a $150,000 loan over 25 years, where the bank's annual fee & other fees are divided by $150,000 to obtain a percentage figure. If your loan is much bigger than $150,000, your effective percentage rate will be much lower than the comparison rate.
In addition, we're offering an extra broker cashback of 0.15% of the loan amount (net of offset and redraw), if you mention the word OZBARGAIN the first time you contact us.
Our broker cashback is paid after 18 months if your loan hasn't been refinanced or paid off by then. On a $500,000 loan the broker cashback is $750.
Arman Soetanto
M: 0431 825 128
E: [email protected]
W: www.lendingclinic.com.au
Lending Clinic Pty Ltd (Credit Representative Number 511270) is authorised under Australian Credit Licence Number 384704
Is this offer available for Investment Land purchase?