Loans

Borrowing money is a fact of life and with the right loan you can gain and achieve the things you want faster, no matter how large or small they are. You may need a home, car, overseas holiday, furniture or renovations. Alternatively, you may wish to consolidate smaller debts or have the extra cash in hand for those occasions when you need to cover expenses.

Select the loan suitable for you:

At AMP Credit Union loans have been designed to specifically benefit our members. There are no Credit Union fees or charges, on applications or loan servicing. We offer low interest rates that benefit you with flexible terms.

For all loan applications please ensure you complete the following:

Also refer to our Interest Rates and Charges and our Comparison Rate Schedule. Normal lending terms and conditions apply.

After assessment and if your loan is approved you will be required to sign a loan contract. It can be collected from our office or we will forward it to you by post.

The loan will be funded, in terms of approval, when the signed contract is returned to our office.

INTEREST RATES
(as at 1 July 2008)
TYPE OF LOAN DESCRIPTION INTEREST RATES AND COMPARISON RATES*
Housing Loan 8.39% p.a
8.43% p.a*
8.59% p.a

8.63% p.a*
Car Loan
For new cars and
for used cars up to 3 years old		 Secured by Bill of Sale 8.95% p.a
8.95% p.a*
Personal Loan Home owners and buyers 10.95% p.a
10.95% p.a*
  Other borrowers 12.95% p.a
12.95% p.a*
Overdraft   12.70% p.a

Click here to refer to our Comparison Rate Schedule, also available from our office.

*Comparison Rates based on:

$10,000 over 3 years for Car and Personal Loans - Unsecured/Secured (This assumes $10k is the correct amount rather than $30k) $150,000 over 25 years for Housing Loans Terms and conditions, fees and charges apply.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost saving such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Care should be taken in using these comparison rates. The comparison rates are only accurate for the specified amount of credit and the specified term. Terms and Conditions, fees and charges apply and are available on request.

* Unsecured. **Secured by Bill of Sale. *** Secured by First Registered Mortgage.

LOAN ACCOUNTS FEES AND CHARGES
(as at 1 February 2008)
Full mortgage service fee* $467.50 (NSW only, interstate available on request)
Valuation Fee $195.00 - $660.00
(Depending on location and valuation of property)
Land and Property information fee at cost
Mortgage stamp duty fee at cost
Bank cheque fee at cost
Swift transfer fee at cost
Mortgage Discharge Preparation fee $275.00