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AMP Basic Variable Rate Loan

  • variable rate

    6.77 %
  • comparison rate

    6.79%

  • ongoing fee

    $0.00

  • upfront fee

    $250

AMP's overall rating for home loans is

6.7

(as rated by the Mozo community)

Rates

Variable rate
6.77%
Intro rate
none
Intro rate term
none
Intro rate type
none
Comparison Rate*
6.79%
Fixed 1 year rate
none
Fixed 2 year rate
none
Fixed 3 year rate
none
Fixed 4 year rate
none
Fixed 5 year rate
none
Fixed 7 year rate
none
Fixed 10 year rate
none
Fixed loan revert rate
none

Fees

Application fee
none
Legal fee
none
Valuation fee
none
Settlement fee
$250.00
Other upfront fee (% of loan)
none
Service fee
$0.00
Exit fee
$350

Features

Repayment Frequency
Weekly, Fortnightly, Monthly
Extra repayments
yes
Repayment holidays
none
Redraw facility
yes
Minimum redraw amount
none
Split account
yes
Offset account
yes
Other restrictions
Available for new business only
Other benefits
Establishment Fee is waived for new applications received from 22 March 2010

Other financial bits

Minimum loan amount
$40,000
Maximum loan amount
$2,000,000

This is how the Mozo community has rated AMP for home loans.

Product Type Overall Price Features Service Convenience Trust
Overall 6.7 6.7 6.4 6.3 6.1 6.8
AMP home loans 6.7 60 REVIEWS 6.7 6.4 6.3 6.1 6.8

AMP

AMP has been helping Australians reach their financial goals for more than 150 years, but you might be more familiar with the AMP brand for super and investments rather than banking. AMP Banking is a nifty new way of branchless banking that offers top of the line home loans, savings accounts, credit cards and everyday bank accounts. Whether you’re starting your career, starting a family or just want to get ahead financially, AMP can help.

Some recent reviews of AMP home loans

Peter from New South Wales, an AMP home loan customer. 10Overall Rating
  I have been with AMP for a number of years now - they are always reliable, flexible and accommodating - meeting my needs and those of other family members quickly, efficiently, politely and with due diligence. I would recommend this institution to anyone who asks. Reviewed 15 days ago  
  • 10Pricing
  • 10Product Features
  • 10Customer Service
  • 10Convenience
  • 10Trust
Scott from Queensland, an AMP home loan customer. 5Overall Rating
  This was arranged by a broker and we had not a lot of input. We ere just advised to sign here and there. We didn't actually speak to anyone from the bank. Reviewed 21 days ago  
  • 5Pricing
  • 2Product Features
  • 2Customer Service
  • 2Convenience
  • 4Trust
Sally from New South Wales, an AMP home loan customer. 4Overall Rating
  No branches for AMP - have to make deposits through post office. Customer service is very poor. Reviewed about 1 month ago  
  • 4Pricing
  • 3Product Features
  • 1Customer Service
  • 0Convenience
  • 3Trust
Suzanne from Tasmania, an AMP home loan customer. 10Overall Rating
  The only drawback is in Tasmania there is only the post office to deposit funds and the ATM for withdrawals or using phone banking or internet for everything else like transfers. Reviewed about 1 month ago  
  • 9Pricing
  • 10Product Features
  • 9Customer Service
  • 9Convenience
  • 10Trust
 

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