Zero20 Home Loan

The AMO Zero 20 is an award-winning home loan that can help you:

• Reduce the upfront and ongoing costs of purchasing a new property or
• Reduce your monthly mortgage repayments or
• Buy a more expensive property than you may otherwise be able to
afford

The Zero 20 works in conjunction with a traditional home loan. Together, they let you move some of the expense of a traditional home loan to later when you eventually sell your property. Here's how:

• Zero 20 allows you to borrow up to 20% of a property's value ;
• There is no annual percentage rate applicable to the Zero 20 loan, unless you are in default on the main loan;
• You are not required to make any regular monthly interest repayments throughout the life of the loan, which you can hold for 25 years.

Instead, when you sell the property or repay the Zero 20 loan for some other reason, you repay the amount you originally borrowed plus up to a 40% share of any increase in the value of the property .

Useful Information

Apply online Now it is even easier to apply for a Home Loan. Download an application form. The application process will take approximately five to ten minutes.

AMO Calculators AMO have developed free to use online calculators for your convenience to help you stay in control of your money. Select from the list of savings, tax and loan calculators.