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Cite as: (2004) 78(4) LIJ, p.13

AMP Affinity Home Loan: A great deal for LIV members

In 2002 the Law Institute launched the AMP Affinity Home Loan package,[*] a special home loan package for Institute members offering convenience, significant savings and excellent ongoing service.

The first two years of the partnership with AMP have been successful, with many satisfied Institute members saving an average of $2700[†] in the first year of their loan, based on an average loan size of $320,000.

In 2004 AMP has enhanced the offer to Institute members – saving you more and providing more options to structure your home loan. In addition to the current interest rate discounts on variable rate loans and upfront and ongoing fee savings, the new features include:

  • 0.55 per cent per annum off the interest rate for line of credit loans – a line of credit is a facility you can use again and again up to your approved limit, and you only pay interest on the funds you use;
  • a home loan specialist in your local area available to meet with you at your convenience; and
  • 0nline pre-approval[#] for your AMP Affinity Home Loan.

To take advantage of this fantastic package call the AMP Affinity Banking Team on 1300 360 525, 9am-5pm, Monday to Friday.

Whether you are buying a home for the first time, refinancing an existing loan or investing in property, the experienced Affinity Banking Team will provide you with the ideal solution.

Visit: http://www.amp.com.au/livhomeloan.

For information on this and other Institute member benefits visit http://www.liv.asn.au/services.

What you can save as an Institute member:

Loan amount

$250,000

$300,000

$400,000





Monthly interest saving

$136

$163

$218





Your total savings over five years

$10,172

$11,806

$15,074

“The Law Institute of Victoria AMP Affinity Home Loan package provided me with a very flexible home loan at an excellent rate without annual or monthly fees. More importantly, they offered excellent personalised service. AMP has a specific department to deal with Affinity Home Loan customers, and I was assigned a single loan officer who was available to answer questions and provide updates throughout the loan process. I have no hesitation in recommending this product to other Law Institute members.”

Nicholas Blackmore
Law Institute member

“I chose an AMP Affinity Home Loan as it was a very attractive package. While the AMP loan has the same provisions as a standard loan, the reduced member’s interest rate and no establishment fees made AMP the more attractive option. The telephone banking assistance was also very good. I would recommend Law Institute members consider the AMP Affinity Home Loan package when buying a property.”

Colin Bridges
Law Institute member

We Want You!

Have you used our member services?

Send a brief testimonial of your experience to jgleeson@liv.asn.au.

If we publish your thoughts in the LIJ you will receive a Law Institute bookshop gift pack.

mic@liv.asn.au


[*] The AMP Affinity Home Loan Package benefits, including fee waivers and rate discounts, are current as at 1 January 2004, subject to change and only available via the AMP Affinity Banking Team. Approval is subject to AMP Banking guidelines. The credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL 234517, trading as AMP Banking.

[†] Calculation is approximate. Savings when comparing rates of 6.40 per cent pa and 7.05 per cent pa for a principal and interest, 30 year-term loan. Interest rate assumed not to change over 12 months. The interest rates are for demonstration purposes only and are not intended to represent any annual percentage rates offered or take into account any fees and charges that may be payable on a loan.

For actual interest rates and comparison rates please go to http://www.amp.com.au/interestrates.

[#] The pre-approval confirmation provides an estimate of your borrowing capacity. It does not confirm an offer of a loan.

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