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AMP Fixed Rate Loan

The details shown below are for an owner occupier taking out a principal & interest loan between $40,000 and $2,500,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan between $40,000 and $2,500,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $40,000 and $2,500,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $40,000 and $2,500,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $40,000 $2,500,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $40,000 $2,500,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $40,000 $2,500,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $40,000 $2,500,000

Fixed 3 year rate
4.49% p.a.
Comparison Rate*
3.75% p.a.
Service fee
$0.00
Upfront fee
$644
Fixed 3 year rate
4.79% p.a.
Comparison Rate*
4.28% p.a.
Service fee
$0.00
Upfront fee
$644
Fixed 3 year rate
3.99% p.a.
Comparison Rate*
3.81% p.a.
Service fee
$0.00
Upfront fee
$644
Fixed 3 year rate
5.07% p.a.
Comparison Rate*
4.29% p.a.
Service fee
$0.00
Upfront fee
$644

Mozo editorial review AMP Fixed Rate Loan

Last updated: 27 March 2020.

binocular icon
What's hot
  • 4.49% fixed rate (3 years) (3.75% comparison rate*)
  • Extra repayments free up to $10,000 p.a.
What's not
  • No redraw facility
Mozo snapshot

AMP have delivered a pretty good offer in the Fixed Rate Home Loan, a fixed rate of 4.39% (3.75% comparison rate*) over 3 years. AMP also allows customers to get ahead on their payments without penalty - you can pay off an extra $10,000 per year without a worry.

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Key features

The Fixed Rate Home Loan is available for loans between $40,000 and $2,000,000 and borrowing can't exceed 90% of the property price. AMP has made the Fixed Rate Home Loan available to new and existing customers - there are no restrictions as to who can apply.

The fixed rate of 4.49% (3.75% comparison rate*)is available for 3 years, but AMP also offer the Fixed Rate Home Loan for 5 years at 4.06% (3.73% comparison rate*).

As low as the fixed rates on the one and two year terms are, the revert rate is a steep 5.13% - you might want to consider switching loans after the fixed rate period ends. And if you're the type of borrower who enjoys the flexibility of a redraw or offset account, this loan probably isn't for you.

There is, however, a heap of flexibility in terms of repayments - you can choose to pay weekly, fortnightly, or monthly. 

snapshot
Who is it good for

The AMP Fixed Rate Home Loan is a great catch for the homeowner who wants to snap up a fab short term fixed rate and have certainty and consistency of repayments for a fixed period.

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Any catches

Watch out for the end date of your fixed term - don't get stung by that revert rate.

Details

Rates and fees information correct as at 4 July 2020. 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

  • 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.

Fees
  • $0.00

  • $295.00

  • $0.00

  • $349.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $40,000

  • $2,500,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • none

  • no

  • none

  • yes

  • no

  • none

  • 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 4 July 2020. 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

  • 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.

Fees
  • $0.00

  • $295.00

  • $0.00

  • $349.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $40,000

  • $2,500,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • none

  • no

  • none

  • yes

  • no

  • none

  • 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 4 July 2020. 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

  • 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.

Fees
  • $0.00

  • $295.00

  • $0.00

  • $349.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $40,000

  • $2,500,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • none

  • no

  • none

  • yes

  • no

  • none

  • 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 4 July 2020. 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

  • 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.

Fees
  • $0.00

  • $295.00

  • $0.00

  • $349.00

  • n/a

  • $0.00

  • $350.00

Other financial bits
  • $40,000

  • $2,500,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • none

  • no

  • none

  • yes

  • no

  • none

  • 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 home loans rated by the Mozo community?

Overall customer rating
6.4/10

Based on 212 AMP home loan reviews

Price
6.7/10
Features
6.3/10
Customer service
6.2/10
Convenience
5.6/10
Trust
6.4/10

Latest reviews of AMP Fixed Rate Loan

  • Overall 10/10
    We highly recommend AMP.

    We have found AMP to be fantastic. We were with Commonwealth for many years and they didn't do much for us.

    Read full review

    We have found AMP to be fantastic. We were with Commonwealth for many years and they didn't do much for us.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Lisa, Victoria reviewed over 4 years ago
  • Overall 0/10
    Uncompromising, but great customer service

    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 review

    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.

    Price
    0/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Michelle, Queensland reviewed almost 6 years ago
  • Overall 8/10
    Great all rounder

    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 review

    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.

    Price
    8/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Nick, New South Wales reviewed almost 6 years ago
  • Overall 2/10
    NIL customer service

    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 review

    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.

    Price
    8/10
    Features
    5/10
    Customer service
    0/10
    Convenience
    5/10
    Trust
    0/10
    Less
    Paul, Queensland reviewed about 6 years ago
  • Overall 8/10
    The Big Thumbs Up

    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 review

    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.

    Price
    7/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    9/10
    Less
    Blythe, Northern Territory reviewed about 6 years ago
AMP

About AMP

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, credit cards, savings and accounts and term deposits. Also AMP's range of vehicle insurances are designed to give you more choice and flexibility while providing cover for a comprehensive range of accidents, damage and events.

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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.