Practice Finance Loan

 General Lending Rates

 Product Features

• Redraw Additional Information: Redraw applies to AMP Bank variable rate home loans only. You can access extra funds you’ve deposited at any time, with no withdrawal fees when using online banking, the AMP app, BankPhone or BankAssist. Minimum amounts and daily limits may apply.

• Unlimited Txns Additional Information: Service fees may apply for manual redraw requests or special services.

• Digital Banking Additional Information: Customers can access and manage their home loan online via My AMP, our secure digital banking platform, offering features for easy account monitoring and transactions.

 Bank Fees and Charges

• Fixed Rate Lock Fee (Upfront), Amount: Not Listed.. Additional Information: 0.15% of the original Fixed Rate loan amount. Payable to secure the fixed interest rate on a fixed rate loan for 90 days from the date this fee is received (this date is also referred to as the fixed rate date quoted). This fee is not refundable.

• Break Costs (Event), Amount: Not Listed.. Additional Information: Payable if at any time before the fixed interest period expires. You make additional repayments above the minimum required payments exceeding $10,000 for each 12 month period within a fixed interest period; or You repay all of the money owing under the facility during any fixed interest period before it is due; or We agree to change your annual percentage rate during your fixed interest period (this includes a change to your annual percentage ratedue to a change to your repayment type [principal andinterest or interest only] or a change to your loan purpose [owner occupied or investment]). Break costs can be substantial. The amount which is our estimate of loss (if any) resulting from the relevant event. A 12 month period is defined as the time from the date the fixed interest period commenced to the initial anniversary of that date and each consecutive anniversary thereafter until the fixed interest period expires. Refer to your Loan Conditions for more information.

• Discharge Fee (Exit), Amount: 390.00. Additional Information: Payable when we are requested to discharge all securities. Customers also pay the actual solicitors' or mortgage processing servicers' costs, which include,for example, search fees and postage, valuation costs if applicable and any applicable Government fees, which may vary from state to state.

• Application Fee (Upfront), Amount: Not Listed.. Additional Information: Processing fee for loan application payable at settlement

• Bank Guarantee Fee (Periodic), Amount: Not Listed.. Additional Information: Charged bi-annually on bank guarantee

• Payment Dishonour Fees (Dishonour), Amount: Not Listed.. Additional Information: You may be charged a fee by an external bank or financial institution for a transaction relating to your loan (eg. if a payment to your loan made from another bank is dishonoured, the other bank may charge you a fee).

• Telegraphic Transfer Fee - Deposits (Deposit), Amount: 30.00. Additional Information: When funds are transferred to your account (by SWIFT or telegraphic transfer) from a bank in Australia or overseas (in Australian dollars or a foreign currency)

• Telegraphic Transfer Fee - Withdrawals (Withdrawal), Amount: 30.00. Additional Information: When you request us to transfer funds from your account (by SWIFT) to a bank in Australia (in Australian dollars). When you request us to transfer funds from your account (by telegraphic transfer) to an overseas bank (in Australian dollars or a foreign currency).

• Transaction Trace Fee (Event), Amount: 20.00. Additional Information: When you request us to investigate and trace a transaction

• Audit Certificate Fee (Event), Amount: 25.00. Additional Information: When you or an auditor request an audit certificate for your account

• Variation Fee (Event), Amount: 299.00. Additional Information: Plus any solicitor's or mortgage processing costs, valuation costs if applicable and any government fees which may vary from state to state. Payable when we agree to vary your loan or any security - not payable for ProPack or AMP First loans. Switching to a variable rate or another fixed rate at the end of a fixed rate period is free. Switching your repayment type from interest only to principal and interest is free.

• Business Finance Discharge Fee (Exit), Amount: 100.00. Additional Information: Payable for requests to fully repay all money owing and discharge all securities.

• Ppsr Release Fee (Exit), Amount: 330.00. Additional Information: Payable for preparation of release documentation and release of registration of security interests on the PPSR when all money owing is being repaid in full.