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AMP Variable Rate Loan (Basic Package)

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

Rate
3.43% p.a.
Comparison Rate*
3.48% p.a.
Service fee
$0.00
Upfront fee
$644
Rate
4.03% p.a.
Comparison Rate*
4.08% p.a.
Service fee
$0.00
Upfront fee
$644
Rate
3.68% p.a.
Comparison Rate*
3.73% p.a.
Service fee
$0.00
Upfront fee
$644
Rate
3.94% p.a.
Comparison Rate*
3.99% p.a.
Service fee
$0.00
Upfront fee
$644

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
  • 3.43% p.a.

  • n/a

  • n/a

  • n/a

  • 3.48% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • none

  • yes

  • yes

  • 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
  • 4.03% p.a.

  • n/a

  • n/a

  • n/a

  • 4.08% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • none

  • yes

  • yes

  • 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
  • 3.68% p.a.

  • n/a

  • n/a

  • n/a

  • 3.73% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • none

  • yes

  • yes

  • 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
  • 3.94% 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

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
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes

  • none

  • yes

  • yes

  • 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 Variable Rate Loan (Basic Package)

  • Overall 7/10
    Easy to navigate and use

    We went via a broker, but who can argue with a basic home loan with great interest rates and online access.

    Read full review

    We went via a broker, but who can argue with a basic home loan with great interest rates and online access.

    Price
    7/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Rick, Tasmania reviewed over 4 years ago
  • Overall 7/10
    As expected, no surprises

    Have performed as expected.

    Read full review

    Have performed as expected.

    Price
    6/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Ray, New South Wales reviewed over 4 years ago
  • Overall 5/10
    No face to face customer service

    Lack of physical address means that only online banking is possible - no face to face customer service.

    Read full review

    Lack of physical address means that only online banking is possible - no face to face customer service.

    Price
    7/10
    Features
    2/10
    Customer service
    8/10
    Convenience
    0/10
    Trust
    3/10
    Less
    Leslye, New South Wales reviewed almost 5 years ago
  • Overall 5/10
    Online banking only, but otherwise good

    Online banking is the only option, which suits us fine, until you have a problem - phone calls are a tedious way to solve issues!

    Read full review

    Online banking is the only option, which suits us fine, until you have a problem - phone calls are a tedious way to solve issues!

    Price
    5/10
    Features
    4/10
    Customer service
    3/10
    Convenience
    1/10
    Trust
    5/10
    Less
    Amy, New South Wales reviewed almost 5 years ago
  • Overall 8/10
    Not bad phone and Internet banking are terrible

    They're not bad and the product is good and easy to understand. But the Internet and phone banking is terrible and need to be made far more accessible.

    Read full review

    They're not bad and the product is good and easy to understand. But the Internet and phone banking is terrible and need to be made far more accessible.

    Price
    6/10
    Features
    7/10
    Customer service
    3/10
    Convenience
    2/10
    Trust
    7/10
    Less
    Patrick, Western Australia reviewed over 5 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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