Category: Home Loans Last Updated March 5, 2024 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE INVESTMENT Interest Only product. Additional Information
Interest Rate 6.44% PA
Comparison Rate 6.50%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
60% LVR - 70% LVR
Minimum: 60 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.49%, Comparison Rate 6.55%
Repayment Type: Interest Only
Loan Purpose: Investment
70% LVR - 80% LVR
Minimum: 70 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.54%, Comparison Rate 6.60%
Repayment Type: Interest Only
Loan Purpose: Investment
80% LVR - 90% LVR
Minimum: 80 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.59%, Comparison Rate 6.65%
Repayment Type: Interest Only
Loan Purpose: Investment
Product Features
OtherAdditional Information: Family Support is available for borrowers, especially first home buyers with no deposit, who have an immediate family member that is willing and able to offer security
OtherAdditional Information: Loan period - Up to 30 years
OtherAdditional Information: No Annual Fees
RedrawAdditional Information: You must be at least one month s repayment in advance to obtain a redraw
OffsetAdditional Information: Offset 100% of the balance
Digital BankingAdditional Information: Check your accounts and transact online 24/
OtherAdditional Information: Borrow up to 80% of property value. . 90% with mortgage insurance for interest only. 70% land only. Mortgage insurance is subject to approval by the Mortgage Insurer
Product Eligibility
Residency Status - Australia Citizen Or Permanent Resident. Additional Information: Australia Citizen or Permanent Resident
Min Age - 18. Additional Information: 18 years or older
OtherAdditional Information: Become a member if loan is approved
OtherAdditional Information: Have a beneficial interest in the loan
OtherAdditional Information: All applications are subject to approval within AMBL credit policy
Bank Fees and Charges
Loan Establishment Fees - For Mortgage Loans (Upfront), Amount: 250.00.
Certificate Of Title Production (Upfront), Amount: 50.00.
Consent For Second Mortgage (Upfront), Amount: 200.00. Additional Information: Credit and loan fees and Charges
Switching Fee For Switching Your Australian (Upfront), Amount: 300.00. Additional Information: Switching fee for switching your Australian Mutual Bank home loan to another loan type (except at the end of the fixed rate period)
