The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $249,999 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan between $250,000 and $499,999 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan between $500,000 and $749,999 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan between $750,000 and $2,500,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $249,999 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $250,000 and $499,999 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $500,000 and $749,999 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $750,000 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 $100,000 and $249,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $250,000 and $499,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $500,000 and $749,999 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $750,000 and $2,500,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $100,000 and $249,999 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $250,000 and $499,999 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $500,000 and $749,999 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $750,000 and $2,500,000 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 | < 90% | $100,000 | $249,999 |
| | Owner Occupier | Principal & Interest | < 90% | $250,000 | $499,999 |
| | Owner Occupier | Principal & Interest | < 90% | $500,000 | $749,999 |
| | Owner Occupier | Principal & Interest | < 90% | $750,000 | $2,500,000 |
| | Investor | Principal & Interest | < 90% | $100,000 | $249,999 |
| | Investor | Principal & Interest | < 90% | $250,000 | $499,999 |
| | Investor | Principal & Interest | < 90% | $500,000 | $749,999 |
| | Investor | Principal & Interest | < 90% | $750,000 | $2,500,000 |
| | Owner Occupier | Interest Only | < 80% | $100,000 | $249,999 |
| | Owner Occupier | Interest Only | < 80% | $250,000 | $499,999 |
| | Owner Occupier | Interest Only | < 80% | $500,000 | $749,999 |
| | Owner Occupier | Interest Only | < 80% | $750,000 | $2,500,000 |
| | Investor | Interest Only | < 80% | $100,000 | $249,999 |
| | Investor | Interest Only | < 80% | $250,000 | $499,999 |
| | Investor | Interest Only | < 80% | $500,000 | $749,999 |
| | Investor | Interest Only | < 80% | $750,000 | $2,500,000 |
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $100,000 $249,999
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $250,000 $499,999
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $500,000 $749,999
Owner Occupier (Principal & Interest)
LVR < 90%
Loan: $750,000 $2,500,000
Investor (Principal & Interest)
LVR < 90%
Loan: $100,000 $249,999
Investor (Principal & Interest)
LVR < 90%
Loan: $250,000 $499,999
Investor (Principal & Interest)
LVR < 90%
Loan: $500,000 $749,999
Investor (Principal & Interest)
LVR < 90%
Loan: $750,000 $2,500,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $100,000 $249,999
Owner Occupier (Interest Only)
LVR < 80%
Loan: $250,000 $499,999
Owner Occupier (Interest Only)
LVR < 80%
Loan: $500,000 $749,999
Owner Occupier (Interest Only)
LVR < 80%
Loan: $750,000 $2,500,000
Investor (Interest Only)
LVR < 80%
Loan: $100,000 $249,999
Investor (Interest Only)
LVR < 80%
Loan: $250,000 $499,999
Investor (Interest Only)
LVR < 80%
Loan: $500,000 $749,999
Investor (Interest Only)
LVR < 80%
Loan: $750,000 $2,500,000
4.57% p.a.
4.94% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.57% p.a.
4.94% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.57% p.a.
4.94% p.a.
$349.00 yearly
4.07% p.a.
4.45% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.07% p.a.
4.45% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.07% p.a.
4.45% p.a.
$349.00 yearly
3.74% p.a.
4.13% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
3.74% p.a.
4.13% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
3.74% p.a.
4.13% p.a.
$349.00 yearly
3.69% p.a.
4.08% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
3.69% p.a.
4.08% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
3.69% p.a.
4.08% p.a.
$349.00 yearly
5.24% p.a.
5.59% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
5.24% p.a.
5.59% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
5.24% p.a.
5.59% p.a.
$349.00 yearly
4.31% p.a.
4.68% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.31% p.a.
4.68% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.31% p.a.
4.68% p.a.
$349.00 yearly
3.99% p.a.
4.36% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
3.99% p.a.
4.36% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
3.99% p.a.
4.36% p.a.
$349.00 yearly
3.94% p.a.
4.32% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
3.94% p.a.
4.32% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
3.94% p.a.
4.32% p.a.
$349.00 yearly
5.28% p.a.
5.63% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
5.28% p.a.
5.63% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
5.28% p.a.
5.63% p.a.
$349.00 yearly
5.05% p.a.
5.41% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
5.05% p.a.
5.41% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
5.05% p.a.
5.41% p.a.
$349.00 yearly
4.39% p.a.
4.76% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.39% p.a.
4.76% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.39% p.a.
4.76% p.a.
$349.00 yearly
4.04% p.a.
4.41% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.04% p.a.
4.41% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.04% p.a.
4.41% p.a.
$349.00 yearly
4.99% p.a.
5.35% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.99% p.a.
5.35% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.99% p.a.
5.35% p.a.
$349.00 yearly
4.39% p.a.
4.76% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.39% p.a.
4.76% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.39% p.a.
4.76% p.a.
$349.00 yearly
4.39% p.a.
4.76% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.39% p.a.
4.76% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.39% p.a.
4.76% p.a.
$349.00 yearly
4.19% p.a.
4.56% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.19% p.a.
4.56% p.a.
$349.00 yearly
AMP Variable Rate Loan (Professional Package)
4.19% p.a.
4.56% p.a.
$349.00 yearly
Last updated: 26 February 2019.
3.74% p.a. variable rate (4.13% p.a. comparison rate*)
Free extra repayments and redraw facility
100% offset account
$349 annual fee
$350 discharge fee
The AMP Variable Rate Home Loan 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 free redraw facility, you can make extra repayments without incurring any fees. The interest rate, which currently sits at a competitive 3.74% p.a. (4.13% p.a. comparison rate*), should also have you smiling.
The AMP Variable Rate Home Loan comes with all the features you’d want in a home loan. The interest rate is a competitive 3.74% p.a. (4.13% p.a. comparison rate*). And if the idea of saving on interest appeals to you, you’ll be pleased to know that it also comes with an offset account, which - if you use it right - can 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 repayments weekly, fortnightly or monthly, and you can chip in unlimited extra repayments without worrying about any fees coming your way. There’s also a free redraw facility, so if you ever need some of that cash back you’ll be able to get it without a hitch.
Finally, you can borrow up to 90% of the property’s value, meaning you won’t need as large a deposit as you might for other home loans. Just keep in mind that there are different rate tiers for different loan amounts. The 3.74% p.a. rate (4.13% p.a. comparison rate*) applies to loan amounts of between $500,000 and $749,999. If you’re planning on borrowing more or less, the rate you’ll receive will differ.
The AMP Variable Rate Loan will suit buyers looking for a competitive home loan 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 the one-off legal fee, discharge fee, and the $349 yearly service fee.
4.57% p.a.
n/a
0 Months
none
4.94% 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
none
$349.00 yearly
$350.00
$100,000
$249,999
none
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
4.07% p.a.
n/a
0 Months
none
4.45% 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
none
$349.00 yearly
$350.00
$250,000
$499,999
none
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
3.74% p.a.
n/a
0 Months
none
4.13% 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
none
$349.00 yearly
$350.00
$500,000
$749,999
none
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
3.69% p.a.
n/a
0 Months
none
4.08% 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
none
$349.00 yearly
$350.00
$750,000
$2,500,000
none
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
5.24% p.a.
n/a
0 Months
none
5.59% 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
none
$349.00 yearly
$350.00
$100,000
$249,999
none
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
4.31% p.a.
n/a
0 Months
none
4.68% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$295.00
$0.00
$0.00
none
$349.00 yearly
$350.00
$250,000
$499,999
none
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
3.99% p.a.
n/a
0 Months
none
4.36% 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
none
$349.00 yearly
$350.00
$500,000
$749,999
none
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
3.94% p.a.
n/a
0 Months
none
4.32% 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
none
$349.00 yearly
$350.00
$750,000
$2,500,000
none
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
5.28% p.a.
n/a
0 Months
none
5.63% 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
none
$349.00 yearly
$350.00
$100,000
$249,999
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
5.05% p.a.
n/a
0 Months
none
5.41% 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
none
$349.00 yearly
$350.00
$250,000
$499,999
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
4.39% p.a.
n/a
0 Months
none
4.76% 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
none
$349.00 yearly
$350.00
$500,000
$749,999
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
4.04% p.a.
n/a
0 Months
none
4.41% 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
none
$349.00 yearly
$350.00
$750,000
$2,500,000
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
4.99% p.a.
n/a
0 Months
none
5.35% 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
none
$349.00 yearly
$350.00
$100,000
$249,999
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
4.39% p.a.
n/a
0 Months
none
4.76% 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
none
$349.00 yearly
$350.00
$250,000
$499,999
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
4.39% p.a.
n/a
0 Months
none
4.76% 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
none
$349.00 yearly
$350.00
$500,000
$749,999
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
4.19% p.a.
n/a
0 Months
none
4.56% 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
none
$349.00 yearly
$350.00
$750,000
$2,500,000
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes
none
yes
yes
none
none
We have just sold and purchased a new property. Amp we're amazing and made the process easy.
Read full review
We have just sold and purchased a new property. Amp we're amazing and made the process easy.
Less
L | Queensland
reviewed about 4 years ago
They don't try to rip you off.
Read full review
They don't try to rip you off.
Less
Ian | Queensland
reviewed about 4 years ago
Biggest issue is the hassle to deposit cash - has to done through the Post Office.
Read full review
Biggest issue is the hassle to deposit cash - has to done through the Post Office.
Less
Stephen | Queensland
reviewed about 5 years ago
Excellent service at all times.
Read full review
Excellent service at all times.
Less
Haydn | Queensland
reviewed about 5 years ago
Worst bank I have ever dealt with. Ask for ridiculous documents at the last minute so you can't...
Read full review
Worst bank I have ever dealt with. Ask for ridiculous documents at the last minute so you can't possibly settle in time. Sit on hold for ages if you want to talk to someone, then get cut off half way through a phone call (that takes about 30mins and still gets no resolution). Won't call back unless you get a supervisor to instruct the phone operator. Put money into wrong accounts then have lots of trouble trying to rectify it. DON'T BANK WITH THEM- waste of time and money.
Less
Linda | Victoria
reviewed about 5 years ago
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.
See AMP home loans
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