Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
|
|
Owner Occupier | Principal & Interest | < 60% | $40,000 | |
|
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Owner Occupier | Principal & Interest | 60%-80% | $40,000 | |
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Owner Occupier | Principal & Interest | 80%-90% | $40,000 | |
|
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Investor | Principal & Interest | < 60% | $40,000 | |
|
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Investor | Principal & Interest | 60%-80% | $40,000 | |
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Investor | Principal & Interest | 80%-90% | $40,000 | |
|
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Owner Occupier | Interest Only | < 80% | $40,000 | |
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Investor | Interest Only | < 80% | $40,000 |
|
7.24% p.a. |
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n/a |
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n/a |
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n/a |
|
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7.29% p.a. |
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|
n/a |
|
|
n/a |
|
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n/a |
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n/a |
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|
n/a |
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n/a |
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|
n/a |
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n/a |
|
$0.00 |
|
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$295.00 |
|
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$0.00 |
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$349.00 |
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n/a |
|
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$0.00 |
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$390.00 |
|
$40,000 |
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none |
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none |
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60.00% |
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Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
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yes - free |
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none |
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yes - free |
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none |
|
|
yes |
|
|
yes |
|
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AMP Bank will only cover valuation fees up to $550. |
|
|
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.
|
7.34% p.a. |
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n/a |
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n/a |
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n/a |
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7.39% p.a. |
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n/a |
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|
n/a |
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n/a |
|
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n/a |
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n/a |
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|
n/a |
|
|
n/a |
|
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n/a |
|
$0.00 |
|
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$295.00 |
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$0.00 |
|
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$349.00 |
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n/a |
|
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$0.00 |
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$390.00 |
|
$40,000 |
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none |
|
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60.00% |
|
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80.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
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yes - free |
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none |
|
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yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
AMP Bank will only cover valuation fees up to $550. |
|
|
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.
|
7.64% p.a. |
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n/a |
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n/a |
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n/a |
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7.69% p.a. |
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n/a |
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n/a |
|
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n/a |
|
|
n/a |
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|
n/a |
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n/a |
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|
n/a |
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n/a |
|
$0.00 |
|
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$295.00 |
|
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$0.00 |
|
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$349.00 |
|
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n/a |
|
|
$0.00 |
|
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$390.00 |
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$40,000 |
|
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none |
|
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80.00% |
|
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90.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
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yes - free |
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none |
|
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yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
AMP Bank will only cover valuation fees up to $550. |
|
|
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.
|
7.49% p.a. |
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n/a |
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n/a |
|
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n/a |
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7.54% p.a. |
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n/a |
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n/a |
|
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n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
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$295.00 |
|
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$0.00 |
|
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$349.00 |
|
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n/a |
|
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$0.00 |
|
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$390.00 |
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$40,000 |
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none |
|
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none |
|
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60.00% |
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Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
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yes - free |
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none |
|
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yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
AMP Bank will only cover valuation fees up to $550. |
|
|
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.
|
7.54% p.a. |
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n/a |
|
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n/a |
|
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n/a |
|
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7.59% p.a. |
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|
n/a |
|
|
n/a |
|
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n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$295.00 |
|
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$0.00 |
|
|
$349.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$390.00 |
|
$40,000 |
|
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none |
|
|
60.00% |
|
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80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
AMP Bank will only cover valuation fees up to $550. |
|
|
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.
|
8.02% p.a. |
|
|
n/a |
|
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n/a |
|
|
n/a |
|
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8.07% p.a. |
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|
n/a |
|
|
n/a |
|
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n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$295.00 |
|
|
$0.00 |
|
|
$349.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$390.00 |
|
$40,000 |
|
|
none |
|
|
80.00% |
|
|
90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
AMP Bank will only cover valuation fees up to $550. |
|
|
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.
|
7.74% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.57% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$295.00 |
|
|
$0.00 |
|
|
$349.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$390.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
AMP Bank will only cover valuation fees up to $550. |
|
|
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.
|
7.74% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
7.68% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$295.00 |
|
|
$0.00 |
|
|
$349.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$390.00 |
|
$40,000 |
|
|
none |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
none |
|
|
yes - free |
|
|
none |
|
|
yes |
|
|
yes |
|
|
AMP Bank will only cover valuation fees up to $550. |
|
|
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.
This was organised through my mortgage broker. Easy and convenient app. Has an offset account we can use without any hassles as well.
Read full reviewThis was organised through my mortgage broker. Easy and convenient app. Has an offset account we can use without any hassles as well.
AMP offers excellent home loan rates. They offer quite flexible multi-account offset accounts. They are also gradually improving their customer experience (though their mobile app and feature set aren’t nearly as comprehensive, responsive and intuitive as those of the big banks or ING). They have recently added support for ApplePay (albeit a long time after many of their competitors). They have yet to add PayID or instant bank transfers, both of which are common among their competitors. Other than these minor inconveniences, overall worthwhile on balance. The reason for the low trust score was because the Royal Commission into Banking in Australia revealed some very poor practices in AMP at that time) including continuing to bill the dead.
Read full reviewAMP offers excellent home loan rates. They offer quite flexible multi-account offset accounts. They are also gradually improving their customer experience (though their mobile app and feature set aren’t nearly as comprehensive, responsive and intuitive as those of the big banks or ING). They have recently added support for ApplePay (albeit a long time after many of their competitors). They have yet to add PayID or instant bank transfers, both of which are common among their competitors. Other than these minor inconveniences, overall worthwhile on balance. The reason for the low trust score was because the Royal Commission into Banking in Australia revealed some very poor practices in AMP at that time) including continuing to bill the dead.
AMP can offer very competitive interest rates when compared to other banks. I would advise people to do the application process via a financial broker. On the cons side, their customer service is not great. As an example I had to wait over five days for a replacement card. Additionally, their website is not very user friendly when it comes to online banking.
Read full reviewAMP can offer very competitive interest rates when compared to other banks. I would advise people to do the application process via a financial broker. On the cons side, their customer service is not great. As an example I had to wait over five days for a replacement card. Additionally, their website is not very user friendly when it comes to online banking.
We went via a broker, but who can argue with a basic home loan with great interest rates and online access.
Read full reviewWe went via a broker, but who can argue with a basic home loan with great interest rates and online access.
Have performed as expected.
Read full reviewHave performed as expected.
Great Rate Home Loan
5.99% p.a. variable
6.01% p.a.
Home Value Loan
6.14% p.a. variable
6.14% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.49% p.a.
fixed 3 years
6.97% p.a.
OMG Home Loan
5.99% p.a. variable
6.02% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.49% p.a.
fixed 3 years
6.97% p.a.
Great Rate Home Loan
5.99% p.a. variable
6.01% p.a.
Express Home Loan
6.01% p.a. variable
6.14% p.a.
Elevate
6.13% p.a. variable
6.14% p.a.
Great Rate Home Loan
5.99% p.a.
6.01% p.a.
Express Home Loan
6.01% p.a.
6.14% p.a.
OMG Home Loan
5.99% p.a.
6.02% p.a.
Elevate
6.13% p.a.
6.14% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.49% p.a.
fixed 3 years
6.97% p.a.
Fixed Home Loan Rate
5.59% p.a.
fixed 3 years
6.31% p.a.
3 Year Fixed Rate Home Loan (Special Offer)
5.59% p.a.
fixed 3 years
6.99% p.a.
Fixed Rate Loan
5.79% p.a.
fixed 3 years
6.07% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Great Rate Home Loan
5.99% p.a.
6.01% p.a.
$0.00
Home Value Loan
6.14% p.a.
6.14% p.a.
$0.00
OMG Home Loan
5.99% p.a.
6.02% p.a.
$0.00
Express Home Loan
6.01% p.a.
6.14% p.a.
$10.00 monthly
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.
