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    A great value home loan with no ongoing fees and quarterly rate reviews


    A home loan with fixed, variable and Line of Credit options. Offsets are available for variable loans. The Bank reviews the AMP First comparison rate every 3 months and adjusts rates of existing and new customers if the rate is not in the top 3 of its competitors. Only available to AMP employees, AMP Superannuation members, certain shareholders, and other client groups defined by AMP Bank.

    Current rates

    Owner occupied loans

    • Variable rates from 1

      % P.A

    • Comparison rate (ii)

      % P.A

    Book a chat

    • Apply online for fast approval

    • 100% offset accounts with variable rate loans

    • Variable or fixed rates, or a combination

    • Interest Only (IO) repayments available for up to 5 years

      • Principal & interest (P&I) or interest only (IO) repayments

      • Flexible repayment options (W, F, M)

      • Unlimited additional repayments and redraw for variable and Line of Credit

      • Additional repayments up to $10K per annum for fixed loans

      • Option for a construction loan interest only period***

      • Pre-approved lending limit to borrow against equity***

    Investment loans

    • Variable rates from 2

      % P.A

    • Comparison rate (ii)

      % P.A

    Book a chat

    • Apply online for fast approval

    • 100% offset accounts with variable rate loans

    • Variable or fixed rates, or a combination

    • Interest Only (IO) repayments available for up to 5 years

      • Principal & interest (P&I) or interest only (IO) repayments

      • Flexible repayment options (W, F, M)

      • Unlimited additional repayments and redraw for variable and Line of Credit

      • Additional repayments up to $10K per annum for fixed loans

      • Option for a construction loan interest only period***

      • Pre-approved lending limit to borrow against equity***

    Why AMP First?

    • No ongoing fees

      No annual, monthly or ongoing fees. Save on solicitor fees, settlement fees, and more.

    • Competitive rate

      Our rates are reviewed every 3 months, so whether you’re a new or existing customer you can rest assured knowing your rate starts low and stays low.

    • Choice

      Make your home loan work harder for you with a choice of fixed or variable rates, or a combination of both.

      

    • Flexibility

      Up to 10 loan splits, redraw facility and offset accounts available.

    • Freedom

      Make unlimited additional repayments on variable-rate loans. And with fixed-rate loans make an additional $10,000 in repayments each year.

    • Expert guidance

      Get complimentary access to a dedicated home loan specialist who will guide you all the way through.

    Interest rates & fees
    Interest rates & fees

    The AMP First Home Loan is a special offer only available to AMP employees, AMP Superannuation members, certain shareholders, and other client groups defined by AMP Bank who apply directly through AMP Bank. Complete the online enquiry form to request more information about the AMP First Home Loan and for an AMP Bank direct sales team member to contact you.

     

    Effective 

    Loan type   Principal and Interest   Interest Only  
      (LVR <90%)   (LVR <80%)  
      Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
    Variable rate loan
    		 % pa % pa % pa % pa
    Construction n/a n/a % pa % pa
    Reference Rate(iii) AMP First Reference Rate   AMP First Reference Rate Interest Only  
    Line of credit n/a n/a % pa % pa
    Reference Rate(iii) AMP First Line Of Credit Reference Rate   AMP First Line Of Credit Reference Rate Interest Only  



    Effective 

    Loan type Principal and Interest   Interest Only  
      (LVR <90%)   (LVR <80%)  
      Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
    Fixed rates        
    1 year fixed rate % pa % pa % pa % pa
    2 year fixed rate % pa % pa % pa % pa
    3 year fixed rate % pa % pa % pa % pa
    5 year fixed rate % pa % pa % pa % pa

    Effective 16 February 2017

     Loan type  Principal and Interest    Interest Only  
       Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
    Lines of Credit (credit balances)        
    From $0 to less than $20,000 % pa n/a % pa n/a
    From $20,000 and over % pa n/a % pa n/a

    (i) Rates are subject to change.
    (ii) The comparison rate is calculated for a secured loan on a loan amount of $150,000 over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
    (iii) View a full list of Reference Rates and their values.

    The AMP First Home Loan is a special offer only available to AMP employees, AMP Superannuation members, certain shareholders, and other client groups defined by AMP Bank who apply directly through AMP Bank. Complete the online enquiry form to request more information about the AMP First Home Loan and for an AMP Bank direct sales team member to contact you.

     

    Effective 

    Loan type   Principal and Interest   Interest Only  
      (LVR <90%)   (LVR <80%)  
      Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
    Variable rate loan
    		 % pa % pa % pa % pa
    Construction n/a n/a % pa % pa
    Reference Rate(iii) AMP First Reference Rate Investment   AMP First Reference Rate Interest Only Investment  
    Line of credit n/a n/a % pa % pa
    Reference Rate(iii) AMP First Line Of Credit Reference Rate Investment    AMP First Line Of Credit Reference Rate Interest Only Investment  



    Effective 

    Loan type Principal and Interest   Interest Only  
      (LVR <90%)   (LVR <80%)  
      Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
    Fixed rates        
    1 year fixed rate % pa % pa % pa % pa
    2 year fixed rate % pa % pa  % pa % pa
    3 year fixed rate % pa % pa % pa % pa
    5 year fixed rate % pa % pa % pa % pa

    Effective 16 February 2017

     Loan type  Principal and Interest    Interest Only  
       Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
    Lines of Credit (credit balances)        
    From $0 to less than $20,000 % pa n/a % pa n/a
    From $20,000 and over % pa n/a % pa n/a

    (i) Rates are subject to change.
    (ii) The comparison rate is calculated for a secured loan on a loan amount of $150,000 over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
    (iii) View a full list of Reference Rates and their values.

      

    • We’ve cut back the fees
      • No solicitor fees – save $295
      • No ongoing annual fee – save $349
      • No master limit application fee – save $399
      • No settlement fee - save $349
      • Free variations post settlement
      • Up to $550 covered in valuation fees
    • We'll review the rate quarterly

      We’ll review your AMP First comparison rate to that of our competitors every 3 months. This means upfront and ongoing fees are considered, not just the interest rate.

      If the comparison rate is not in the top 3 amongst our competitors, we’ll reduce the rate to ensure it is. This reduction is not just for our new customers but applies to all our existing customers. See AMP First Rules

    How our online application works

     

    Our application is fast and easy, with a very competitive rate. We’ll validate your application in real time and if eligible, you can get approval within hours.*

    *When you're buying, we aim to give you conditional approval within 24-48 hours of receiving your application.

    • 1. Tell us about your property to see how much you can borrow and what your loan repayments will be

    • 2. Use automated assessment tools to verify your income and expenses and check your credit history

    • 3. Get approval within hours when refinancing a loan.*

    Apply now

    Not sure if you're eligible?

    • Contact a home loan specialist today

      Book now

    Home loan calculators

    Our calculators can help you crunch the numbers before you apply.

    • Discover your borrowing power

      See how much you could borrow based on your income and expenses.

    • Estimate your repayments

      Get a clearer idea of your monthly repayments and ways to reduce your interest.

       

        

    • See how much you could save

      Enter your current loan details to see how much you could save by refinancing.

    Support at your fingertips

    If you need assistance or have any questions, provide your details and one of our home loan specialists in Australia will get in touch.

    What you need to know

    * This interest rate applies to the Owner Occupied variable rate loan, LVR ≤ 90% + LMI, P&I repayments. Other rates apply depending on your loan type. Rates are subject to change.

    ** The comparison rate is calculated for a secured loan on an amount of $150,000 for a 25-year term. 
    WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

    *** The option for a construction loan or pre-approved lending limit to borrow against equity are not available through our online application process. If you're looking to access these options, speak to one of our Home Loan Specialists today.

    #In many cases a conditional approval will be provided immediately after submission. The time to receive a full unconditional approval will vary. Where only identification is required, an immediate response to our SMS to complete this could result in an unconditional approval within an hour. Unconditional approval could take longer if we need to seek clarifications from you, or if we need to undertake an inspection of your property. The speed of response is also dependant on the time a second applicant takes to confirm their application details, and for all applicants to complete the biometric ID check. Most metro postcodes and many regional postcodes are eligible. Ineligible postcodes are likely in remote or higher risk areas. You will be told early in the application form if your postcode is ineligible.

    The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.

    It’s important to consider your circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account. Information including interest rates is subject to change without notice.

    Any application is subject to AMP Bank’s approval. Terms and conditions apply and are available at amp.com.au/bankterms or 13 30 30. Fees and charges may be payable. Full details are available in the Fees and charges guide.

    This information is provided by AMP Bank Limited. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.

    AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice. 

    A target market determination for these products is available on our TMD page.