AMP Bank logo

AMP Bank Fixed Rate Loan (Professional Package)

Advertiser disclosure

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 80%

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 of at least $500,000 with an LVR below 90%

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 investor 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 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 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 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 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 of at least $500,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $100,000 $499,999

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $500,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000 $499,999

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $500,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $100,000 $499,999

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $500,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $100,000 $499,999

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $500,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $100,000 $499,999

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000 $499,999

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $500,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $500,000

Fixed 3 year rate
1.98% p.a.
Comparison Rate
2.85% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
1.98% p.a.
Comparison Rate
2.69% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.18% p.a.
Comparison Rate
3.06% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.18% p.a.
Comparison Rate
3.09% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.95% p.a.
Comparison Rate
3.00% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.40% p.a.
Comparison Rate
3.09% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.40% p.a.
Comparison Rate
3.33% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.60% p.a.
Comparison Rate
3.49% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.28% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.60% p.a.
Comparison Rate
3.74% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.95% p.a.
Comparison Rate
3.16% p.a.
Service fee
$349.00 yearly
Upfront fee
$295
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.12% p.a.
Service fee
$349.00 yearly
Upfront fee
$295

Mozo editorial review AMP Bank Fixed Rate Loan (Professional Package) - last updated: 23 July 2021

binocular icon
What's hot
  • 1.88% p.a. 2-year fixed rate (2.84% p.a. comparison rate*) for 80% LVR
  • Extra repayments free up to $10,000 p.a.
What's not
  • No redraw or offset account
  • $349 annual service fee
Mozo snapshot

AMP Bank have created a sound product in the Fixed Rate Loan (Professional Package). Rates go as low as 1.88% p.a. (2.84% p.a. comparison rate*) for a 2 year fixed term for borrowers with an LVR of up to 80%. Of if your LVR is higher (between 80-90%), you can snag rates from 2.08% p.a. (3.12% p.a.) over a three year period. These low rates, combined with free repayments of up to $10,000 per year, could make this a great option for homeowners. 

key icon
Key features

The Fixed Rate Loan (Professional Package) is available for loans between $100,000 and $499,999. There are two rate tiers on offer: one for LVRs up to 80%, and the other for LVRs up to 90%. 

Fixed rates for 3-year terms start from 1.88% p.a. (2.84% p.a. comparison rate*) for owner occupiers borrowing up to 80% of the property value, but jump to a still competitive 2.08% p.a. (3.12% p.a. comparison rate*) if you borrow up to 90% instead. Just remember though that you will need to factor in Lenders Mortgage Insurance if you belong to the latter tier. 

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 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.

snapshot
Who is it good for

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. It may also suit borrowers who have a smaller home deposit, as a 80-90% LVR tier is also available. 

question icon
Any catches

Make sure you budget for those extra fees – you'll be charged $295 up front and $349 annually. Also bear in mind that if your LVR exceeds 80%, you may need to factor in Lenders Mortgage Insurance. 

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.49% (2.99%*)

1.88% (2.84%*)

1.98% (2.85%*)

n/a

2.59% (3.00%*)

n/a

n/a

2.59% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$100,000

$499,999

none

80.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.49% (2.80%*)

1.88% (2.71%*)

1.98% (2.69%*)

n/a

2.59% (2.87%*)

n/a

n/a

2.38% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$500,000

none

none

80.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.69% (3.26%*)

2.08% (3.12%*)

2.18% (3.06%*)

n/a

2.79% (3.16%*)

n/a

n/a

2.89% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$100,000

$499,999

80.00%

90.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.69% (3.24%*)

2.08% (3.13%*)

2.18% (3.09%*)

n/a

2.79% (3.23%*)

n/a

n/a

2.86% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$500,000

none

80.00%

90.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$100,000

$499,999

none

80.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.99% (3.21%*)

2.30% (3.11%*)

2.40% (3.09%*)

n/a

3.09% (3.31%*)

n/a

n/a

2.79% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$500,000

none

none

80.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.99% (3.50%*)

2.30% (3.37%*)

2.40% (3.33%*)

n/a

3.09% (3.50%*)

n/a

n/a

3.12% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$100,000

$499,999

none

80.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

3.19% (3.65%*)

2.50% (3.53%*)

2.60% (3.49%*)

n/a

3.19% (3.63%*)

n/a

n/a

3.27% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$500,000

none

80.00%

90.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.99% (3.48%*)

2.44% (3.34%*)

2.49% (3.28%*)

n/a

3.39% (3.49%*)

n/a

n/a

3.12% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$100,000

$499,999

none

80.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

3.19% (3.95%*)

2.50% (3.80%*)

2.60% (3.74%*)

n/a

3.19% (3.83%*)

n/a

n/a

3.61% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$100,000

$499,999

80.00%

90.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

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.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$500,000

none

none

80.00%

Features

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.

Details

Rates and fees information correct as at 31 July 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

2.99% (3.21%*)

2.44% (3.13%*)

2.49% (3.12%*)

n/a

3.39% (3.43%*)

n/a

n/a

2.79% p.a.

Fees

$0.00

$295.00

$0.00

$0.00

n/a

$349.00 yearly

$350.00

Other financial bits

$500,000

none

none

80.00%

Features

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.

Customer Reviews

How are AMP Bank home loans rated by the Mozo community?

Overall
6.3/10
Price
6.7/10
Features
6.2/10
Customer service
6.1/10
Convenience
5.6/10
Trust
6.3/10

Latest reviews of AMP Bank Fixed Rate Loan (Professional Package) Home Loan

About AMP Bank

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.