When planning your financial future with AMP Bank, flexibility and control are paramount. That's where the Master Limit comes into play—a dynamic lending limit designed by AMP Bank that evolves with your financial needs, both now and in the future.
What Is the Master Limit?
The Master Limit is a pre-approved lending ceiling from AMP Bank, which can be divided into up to 10 different sub-accounts. This feature allows you to manage and restructure your debt—switching between deductible (investment) and non-deductible (personal) debt as your financial situation changes, all without the hassle of reapplying or revaluing your property.
Key Benefits:
Control and Flexibility:
Decide how to distribute your Master Limit across up to 10 sub-accounts, adapting to your changing financial needs with ease.
Simplicity and Cost-Effective:
With a straightforward application process and a one-off application fee, there are no extra charges for rearranging your finances under the Master Limit.
Investment Support:
Ideal for those looking to strategize and build future wealth without the need for an annual review.
Direct Fit for Debt Recycling Strategy:
Perfectly complements strategies like Debt Recycling, enhancing your financial planning and investment opportunities.
As we wrap up our exploration of AMP Bank's Master Limit, it's clear that this innovative financing solution provides a versatile solution to manage your finances efficiently and effectively, making it easier to streamline your loans or plan for future investments.
At Fync we're committed to simplifying your journey to finding the perfect home loan. Whether you're curious about interest rates, loan types, or specific features, our knowledgeable team is ready to assist. Explore a wealth of resources with Fync and expert guidance that can empower you to make well-informed home loan decisions. Your path to securing the right home loan is our top priority, and we're here to ensure you achieve your homeownership goals.
*Disclaimer: Please note that the information provided in this communication is for general informational purposes only and should not be construed as professional advice. It is not intended to substitute for personalised financial, legal, or tax advice. Please consult a qualified professional before making any decisions based on the information provided.