AMP introduces $1,000 cash back offer for new home loan customers

Smaller financial lender AMP has joined St.George and ING DIRECT in offering home loan customers a tempting cash back offer for new home loan applications, according to

The $1,000 cash back deal is designed to tempt home loan owners who are currently signed up with competitor lenders to make the switch, as it is only available to “new” owner occupier home loan applications. 

In order to receive the $1,000 cash offer that will be deposited into AMP’s offset account, homeowners must apply for the Professional Pack loan between 29 June 2015 and 30 September 2015, and settle by 30 November 2015.

RELATED: ING DIRECT launches new mortgage cash back offer

AMP told the website that “whether your clients are looking at buying a new home, pay off their home loan sooner or simply want to refinance their home to AMP Bank we have a solution for them.”

Other home loans with freebie offers include:

ING DIRECT Orange Advantage Offset Home Loan – Receive an ongoing 1% cash back offer on your monthly home loan repayments of up to $3,000.

St.George Advantage Package – Apply by 31 July 2015 and settle by 30 September 2015 and receive a $1,250 rebate towards your switching costs.

Macquarie Basic Home Loan (LVR 80-90%)* – Earn 10,000 Points for every $100,000 drawn at settlement.

*Product no longer exists (as of 18/12/2018)