The details shown below are for an owner occupier taking out a principal & interest loan of at least $40,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a interest only loan of at least $40,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $40,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $40,000 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 | < 90% | $40,000 | |
| | Owner Occupier | Interest Only | < 80% | $40,000 | |
| | Investor | Principal & Interest | < 90% | $40,000 | |
| | Investor | Interest Only | < 80% | $40,000 |
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $40,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $40,000
Investor (Principal & Interest)
LVR < 90%
Loan: $40,000
Investor (Interest Only)
LVR < 80%
Loan: $40,000
Available to both investors and owner occupiers, AMP Bank's Fixed Rate Home Loan offers fixed rates starting from 4.06% (3.73% comparison rate*) on 5-year fixed terms. Borrowers can make extra repayments (free up to $10,000 p.a.) towards their loan, and they'll have the chance to borrow with a smaller deposit.
The Fixed Rate Home Loan from AMP Bank is available for loans starting from $40,000, and both owner occupiers and investors will be able to take out a loan with a deposit as low as 10% (max. 90% LVR) if they're willing to make principal and interest repayments.
The fixed rates on offer with the loan depend on the length of the fixed period (1, 2, 3 or 5 years) and the desired repayment type (principal and interest or interest-only), but they are on the higher side, starting at:
4.06% (3.73% comparison rate*) for owner occupiers making principal and interest repayments on a 5-year fixed term
3.99% (3.81% comparison rate*) for investors making principal and interest repayments on a 3-year fixed term
While borrowers can make use of the extra repayments (up to $10k p.a. for free) and split rate features, there's no redraw facility or offset account available. Mortgage holders will be able to make their repayments on a weekly, fortnightly or monthly basis though, and there are options available for those wanting to make interest-only repayments.
There are also a number of one-off fees attached to the loan including a $295 legal fee, $349 settlement fee and $350 discharge fee. There's no ongoing service fee though, and AMP will cover valuation fees up to $900.
The AMP Bank Fixed Rate Home Loan doesn't come with the sharpest fixed rates around, but it could be an option for borrowers with a lower deposit (at least 10%) or those wanting to borrow a smaller amount (loans from $40,000).
Given the relatively high fixed rates, borrowers looking for a lower rate may want to check out another an option like AMP's Fixed Rate Loan (Professional Package).
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| 4.25% (3.55%*) | |
| 4.33% (3.64%*) | |
| 4.49% (3.75%*) | |
| n/a | |
| 4.06% (3.73%*) | |
| n/a | |
| n/a | |
| 3.43% p.a. |
| $0.00 | |
| $295.00 | |
| $0.00 | |
| $349.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $40,000 | |
| none | |
| none | |
| 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 | |
| 4.55% (4.13%*) | |
| 4.63% (4.19%*) | |
| 4.79% (4.28%*) | |
| n/a | |
| 5.23% (4.58%*) | |
| n/a | |
| n/a | |
| 4.03% p.a. |
| $0.00 | |
| $295.00 | |
| $0.00 | |
| $349.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $40,000 | |
| 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 | |
| 4.64% (3.82%*) | |
| 4.57% (3.89%*) | |
| 3.99% (3.81%*) | |
| n/a | |
| 5.18% (4.35%*) | |
| n/a | |
| n/a | |
| 3.68% p.a. |
| $0.00 | |
| $295.00 | |
| $0.00 | |
| $349.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $40,000 | |
| none | |
| none | |
| 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 | |
| 4.84% (4.07%*) | |
| 4.77% (4.14%*) | |
| 5.07% (4.29%*) | |
| n/a | |
| 5.38% (4.59%*) | |
| n/a | |
| n/a | |
| 3.94% p.a. |
| $0.00 | |
| $295.00 | |
| $0.00 | |
| $349.00 | |
| n/a | |
| $0.00 | |
| $350.00 |
| $40,000 | |
| 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.
We have found AMP to be fantastic. We were with Commonwealth for many years and they didn't do much for us.
Read full reviewWe have found AMP to be fantastic. We were with Commonwealth for many years and they didn't do much for us.
I have been stuck with AMP for a couple of years now. I'm stuck in a rather high interest rate and I have been advised it will cost me over $18,000 to get out of my fixed rate. If they really wanted to keep me and give me an excellent interest rate in order to keep me and continue paying them (less of course), then you would think they would . I feel like I'm just another number and just another income for them. Sure customer service is great, but as soon as I've completed my time with them - it's all over Red Rover and I'm out their door with so much as a wave.
Read full reviewI have been stuck with AMP for a couple of years now. I'm stuck in a rather high interest rate and I have been advised it will cost me over $18,000 to get out of my fixed rate. If they really wanted to keep me and give me an excellent interest rate in order to keep me and continue paying them (less of course), then you would think they would . I feel like I'm just another number and just another income for them. Sure customer service is great, but as soon as I've completed my time with them - it's all over Red Rover and I'm out their door with so much as a wave.
I have been with AMP for over 5 years and the customer service has been great. Any questions I have, I send an email and within a day I have a full and comprehensive answer. I have only positive opinions on AMP as a bank.
Read full reviewI have been with AMP for over 5 years and the customer service has been great. Any questions I have, I send an email and within a day I have a full and comprehensive answer. I have only positive opinions on AMP as a bank.
Since our finance broker first started the process with AMP in 2013 the trouble started with no response to questions and other important issues that we needed resolved prior to settlement. It was downright scary. Since last Friday, we have been trying to get someone from AMP to send us a Mortgage Discharge Authority form. By phone we can't get through, having to hold on after the computer message saying that they have an extraordinary number of enquiries at that time. This can be any time & is just a ruse in our opinion because they obviously lack staff numbers to address customer enquiries. The AMP Bank website shows a few pages of forms, however no Mortgage Discharge Authority form. We've tried emailing customer service and the technical service desk, but no reply as yet. If our sales agent tells us that there is an interested buyer for the property we are selling, our stress levels will once again reach the levels of the original dealings with AMP.
Read full reviewSince our finance broker first started the process with AMP in 2013 the trouble started with no response to questions and other important issues that we needed resolved prior to settlement. It was downright scary. Since last Friday, we have been trying to get someone from AMP to send us a Mortgage Discharge Authority form. By phone we can't get through, having to hold on after the computer message saying that they have an extraordinary number of enquiries at that time. This can be any time & is just a ruse in our opinion because they obviously lack staff numbers to address customer enquiries. The AMP Bank website shows a few pages of forms, however no Mortgage Discharge Authority form. We've tried emailing customer service and the technical service desk, but no reply as yet. If our sales agent tells us that there is an interested buyer for the property we are selling, our stress levels will once again reach the levels of the original dealings with AMP.
I found this loan through a broker, and my criteria was based mainly on monthly affordability. This loan fit me, rather than me having to fit IT. I liked that I could dictate how much I would be paying per month, and found the product to suit me. It was a great answer to securing the right house at the wrong time (!) but ensuring affordability and my future happiness :) AMP are great over the phone, as I do not have a branch within my area.
Read full reviewI found this loan through a broker, and my criteria was based mainly on monthly affordability. This loan fit me, rather than me having to fit IT. I liked that I could dictate how much I would be paying per month, and found the product to suit me. It was a great answer to securing the right house at the wrong time (!) but ensuring affordability and my future happiness :) AMP are great over the phone, as I do not have a branch within my area.
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Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Bank of Queensland
Fixed Rate
2.19% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.09% p.a.
fixed 3 years
3.58% p.a.
Bank of Queensland
Fixed Rate
2.19% p.a.
fixed 3 years
3.03% p.a.
Qudos Bank
Fixed Rate Home Loan
1.99% p.a.
fixed 3 years
2.59% p.a.
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.
