OAA NSW/ACT Member Offers



AMP


We’ve partnered with AMP Banking to deliver a home loan package1 that benefits you.

Whether you’re looking to invest, refinance your existing home loan or buy your first home, this package includes rate discounts, significant savings and a personalised professional service.

Benefits for current OAA members include:

Interest rate savings:

  • 0.65% pa off variable rate loans and lines of credit from $100,000 to $499,999
  • 0.70% pa off variable rate loans and lines of credit from $500,000 to $999,999
  • 0.75% pa off variable rate and lines of credit loans over $1,000,000
  • 0.15% pa off all Fixed Rate loans from $250,000

Other benefits:

  • A redraw facility with unlimited free withdrawals of advance payments by ATM/ EFTPOS transactions in Australia2.
  • Make additional lump sum payments of up to $10,000 per year to fixed rate loans without penalty.
  • A Master Limit3 feature is available where you can draw on money up to your maximum borrowing limit (established when your loan is approved) to use for up to 10 years. With this facility you only repay the funds you use, with the balance remaining on standby.

Fee waivers:

  • Save $350 – No Establishment Fee4 for loans with a loan to value ratio of 95% or less.
  • Save $330 - Annual Package Fee waived each year.
  • No monthly account management fees.

For updated AMP Banking interest rates, please click here.

To speak to AMP Banking or make an appointment with a Home Loan Specialist in your area5 call 1300 360 525 or email us by clicking here.

1. Package benefits, including fee waivers and interest rate discounts which are taken from AMP Banking's Classic Variable and Fixed Interest Rates are current at 2 October 2008. They are subject to change by AMP Banking at any time. Only available to current OAA members for new loans greater than $100,000 and not available when switching from existing AMP Banking home loan products. Fees and charges are payable. Terms and conditions available on request.
2. Fees and charges apply for special services.
3. A Master Limit set up fee of $200 applies.
4. Additional Deferred Establishment Fee of 1% of original facility amount is payable if loan is paid out in first 2 years. A Deferred Establishment Fee of $1000 is payable if loan is paid out in year 3 or 4.
5. In person appointments not available in all areas.

The credit provider is AMP Bank Limited ABN 15 081 596 009, trading as AMP Banking. Approval is subject to AMP Banking guidelines. AFSL No. 234517.


AMP Banking also has a Low Doc Home Loan for self-employed members. To find out more about the OAA AMP Banking Low Doc Loan, please click here.


For more information about this OAA Member-Only offer, click here.

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