The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $499,999 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $499,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $500,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $500,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $499,999 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $499,999 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $500,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan of at least $500,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $100,000 and $499,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan of at least $500,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $100,000 and $499,999 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan of at least $500,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | 80%-90% | $100,000 | $499,999 |
| | Owner Occupier | Principal & Interest | < 80% | $100,000 | $499,999 |
| | Owner Occupier | Principal & Interest | 80%-90% | $500,000 | |
| | Owner Occupier | Principal & Interest | < 80% | $500,000 | |
| | Investor | Principal & Interest | 80%-90% | $100,000 | $499,999 |
| | Investor | Principal & Interest | < 80% | $100,000 | $499,999 |
| | Investor | Principal & Interest | 80%-90% | $500,000 | |
| | Investor | Principal & Interest | < 80% | $500,000 | |
| | Owner Occupier | Interest Only | < 80% | $100,000 | $499,999 |
| | Owner Occupier | Interest Only | < 80% | $500,000 | |
| | Investor | Interest Only | < 80% | $100,000 | $499,999 |
| | Investor | Interest Only | < 80% | $500,000 |
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $100,000 $499,999
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $100,000 $499,999
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $500,000
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $500,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $100,000 $499,999
Investor (Principal & Interest)
LVR < 80%
Loan: $100,000 $499,999
Investor (Principal & Interest)
LVR 80%-90%
Loan: $500,000
Investor (Principal & Interest)
LVR < 80%
Loan: $500,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $100,000 $499,999
Owner Occupier (Interest Only)
LVR < 80%
Loan: $500,000
Investor (Interest Only)
LVR < 80%
Loan: $100,000 $499,999
Investor (Interest Only)
LVR < 80%
Loan: $500,000
AMP Bank have created a sound product in the Fixed Rate Loan (Professional Package). The rate is 1.97% (3.10% comparison rate*) for a 2 year fixed term, combined with free repayments up to $10,000 per year make this a great option for homeowners.
The Fixed Rate Loan (Professional Package) is available for loans between $100,000 and $499,999. The borrowed amount cannot exceed 80% of the property value without Lenders Mortgage Insurance (LMI). AMP Bank are offering this loan to new and existing customers, but remember there's a hefty $295 upfront legal fee and a yearly $349 service fee, so there are some obstacles to obtaining these relatively low rates.
If you would prefer a loan with redraw and offset facilities as well as repayment holidays, this might not be your first option. However, AMP Bank does offer some wriggle-room. The loan product can be split, and borrowers can make up to $10,000 in additional repayments each year. There's also the option to schedule repayments weekly, fortnightly or monthly to better suit budgeting plans.
The Fixed Rate Loan (Professional Package) would be tops for a homeowner who is looking to snap up a low rate for a fixed period and have the security of fixed repayments.
Make sure you budget for those extra fees – you'll be charged $295 up front and $349 annually.
n/a
n/a
n/a
n/a
2.49% (3.24%*)
1.97% (3.10%*)
1.97% (3.01%*)
n/a
2.29% (2.96%*)
n/a
n/a
2.89% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
80.00%
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.49% (3.11%*)
1.97% (3.00%*)
1.97% (2.95%*)
n/a
2.29% (2.96%*)
n/a
n/a
2.73% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.49% (3.23%*)
1.97% (3.11%*)
1.97% (3.04%*)
n/a
2.29% (3.04%*)
n/a
n/a
2.86% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
80.00%
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.49% (3.08%*)
1.97% (2.97%*)
1.97% (2.92%*)
n/a
2.29% (2.94%*)
n/a
n/a
2.69% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.99% (3.94%*)
2.49% (3.80%*)
2.49% (3.71%*)
n/a
3.09% (3.79%*)
n/a
n/a
3.61% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
80.00%
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.99% (3.50%*)
2.49% (3.40%*)
2.49% (3.36%*)
n/a
3.09% (3.50%*)
n/a
n/a
3.12% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.99% (3.63%*)
2.49% (3.53%*)
2.49% (3.46%*)
n/a
3.09% (3.59%*)
n/a
n/a
3.27% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
80.00%
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.99% (3.21%*)
2.49% (3.14%*)
2.49% (3.12%*)
n/a
3.09% (3.31%*)
n/a
n/a
2.79% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
3.59% (3.06%*)
3.49% (3.09%*)
2.95% (3.00%*)
n/a
3.89% (3.36%*)
n/a
n/a
2.73% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
3.59% (3.17%*)
3.49% (3.23%*)
2.95% (3.16%*)
n/a
3.89% (3.57%*)
n/a
n/a
2.69% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.99% (3.48%*)
2.68% (3.39%*)
2.68% (3.33%*)
n/a
3.39% (3.49%*)
n/a
n/a
3.12% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
n/a
n/a
n/a
n/a
2.99% (3.21%*)
2.68% (3.17%*)
2.68% (3.16%*)
n/a
3.39% (3.43%*)
n/a
n/a
2.79% p.a.
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
none
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $10,000 p.a.
none
no
none
yes
no
AMP Bank will only cover valuation fees up to $900.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Excellent rate, easy online access and very clear on costs and payments each month.
Read full reviewExcellent rate, easy online access and very clear on costs and payments each month.
Good customer service but not competitive. Interest rates are high for home loans.
Read full reviewGood customer service but not competitive. Interest rates are high for home loans.
Great interest rate discounts for affiliated professionals. Pass on the majority of rate cuts. Great additional options for offset accounts with no fees.
Read full reviewGreat interest rate discounts for affiliated professionals. Pass on the majority of rate cuts. Great additional options for offset accounts with no fees.
AMP is a leading wealth management company operating in Australia and New Zealand, with a rich evolving history spanning 150 years. Its growing banking business in Australia now includes a range of retail products such as home loans, savings accounts and term deposits.
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WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
