The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 60%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 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 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 90%
The details shown below are for an investor taking out a principal & interest loan of at least $500,000 with an LVR below 60%
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 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 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 60%
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 | < 60% | $100,000 | |
| | Owner Occupier | Principal & Interest | 60%-80% | $100,000 | |
| | Owner Occupier | Principal & Interest | 80%-90% | $500,000 | |
| | Owner Occupier | Principal & Interest | 80%-90% | $100,000 | $499,999 |
| | Investor | Principal & Interest | 80%-90% | $100,000 | $499,999 |
| | Investor | Principal & Interest | < 60% | $500,000 | |
| | Investor | Principal & Interest | < 80% | $100,000 | $499,999 |
| | Investor | Principal & Interest | < 80% | $500,000 | |
| | Investor | Principal & Interest | 80%-90% | $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 | < 60% | $500,000 | |
| | Investor | Interest Only | 60%-80% | $500,000 |
Owner Occupier (Principal & Interest)
LVR < 60%
Loan: $100,000
Owner Occupier (Principal & Interest)
LVR 60%-80%
Loan: $100,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $500,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $100,000 $499,999
Investor (Principal & Interest)
LVR 80%-90%
Loan: $100,000 $499,999
Investor (Principal & Interest)
LVR < 60%
Loan: $500,000
Investor (Principal & Interest)
LVR < 80%
Loan: $100,000 $499,999
Investor (Principal & Interest)
LVR < 80%
Loan: $500,000
Investor (Principal & Interest)
LVR 80%-90%
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 < 60%
Loan: $500,000
Investor (Interest Only)
LVR 60%-80%
Loan: $500,000
The AMP Bank Variable Rate Home Loan (Professional Package) has plenty of features to make your home loan journey as smooth as can be. Not only does it come with an offset account and redraw facility, you can make extra repayments without incurring any fees. The 2.59% variable rate (3.00% comparison rate*) is available for borrowers with an LVR of less than 80% who are borrowing loan amounts from $100,000 to $500,000, however different rates are available for different LVRs and loan amounts.
The AMP Bank Variable Rate Home Loan (Professional Package) comes with all the features you’d want in a home loan. Variable interest rates come in at a competitive 2.59% (3.00% comparison rate*) for owner occupier borrowers with an LVR less than 80% but different rates are available for different LVRs and loan amounts. And if the idea of saving on interest appeals to you, you’ll be pleased to know that it also comes with a full offset account. If you use this feature well, it could go a long way to reducing the interest you pay on your principal amount.
Depending on what best suits you and your budget, you can opt to make weekly, fortnightly or monthly repayments, and you can chip in unlimited extra repayments towards the loan. There’s also a redraw facility, so if you ever need to tap into those extra repayments down the track you'll be able to request to.
Finally, you can borrow up to 90% of the property’s value with the loan, meaning you won’t need as large a deposit as you might for other home loans. Just keep in mind, you'll need to pay a slightly higher interest rate in this instance.
The AMP Bank Variable Rate Loan (Professional Package) could suit buyers looking for a competitive variable home loan rate with an array of handy features to help save on interest.
A full feature home loan like this doesn’t come for free, so you’ll need to budget for a few one-off fees as well as the $349 Annual Package fee.
2.49% p.a.
n/a
n/a
n/a
2.90% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
none
none
60.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
2.59% p.a.
n/a
n/a
n/a
3.00% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
none
60.00%
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
2.86% p.a.
n/a
n/a
n/a
3.27% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
80.00%
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
2.89% p.a.
n/a
n/a
n/a
3.29% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
80.00%
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
3.61% p.a.
n/a
n/a
n/a
3.99% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
2.74% p.a.
n/a
n/a
n/a
3.15% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
none
60.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
3.12% p.a.
n/a
n/a
n/a
3.51% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
2.79% p.a.
n/a
n/a
n/a
3.20% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
3.27% p.a.
n/a
n/a
n/a
3.66% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
4.35% p.a.
n/a
n/a
n/a
3.63% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
2.99% p.a.
n/a
n/a
n/a
3.10% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
3.33% p.a.
n/a
n/a
n/a
3.56% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$100,000
$499,999
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
3.09% p.a.
n/a
n/a
n/a
3.23% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
none
60.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
3.19% p.a.
n/a
n/a
n/a
3.30% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
n/a
$349.00 yearly
$350.00
$500,000
none
60.00%
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
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.
AMP suited us for our home loan but we needed convincing by our financial advisor because of our negative perception of AMP following the Banking Royal Commission. We find the lack of physical branches annoying and the only bank we can get money from ATMs is Red ATMs (NAB) or having to go into Post Offices which are not specialised in banking.
Read full reviewAMP suited us for our home loan but we needed convincing by our financial advisor because of our negative perception of AMP following the Banking Royal Commission. We find the lack of physical branches annoying and the only bank we can get money from ATMs is Red ATMs (NAB) or having to go into Post Offices which are not specialised in banking.
We have just sold and purchased a new property. Amp we're amazing and made the process easy.
Read full reviewWe have just sold and purchased a new property. Amp we're amazing and made the process easy.
They don't try to rip you off.
Read full reviewThey don't try to rip you off.
Biggest issue is the hassle to deposit cash - has to done through the Post Office.
Read full reviewBiggest issue is the hassle to deposit cash - has to done through the Post Office.
Excellent service at all times.
Read full reviewExcellent service at all times.
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.
