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AMP Basic Package

AMP Bank's Basic Package is a home loan that lets you choose between a fixed or variable interest rate―or a split between the two―with competitive rates, no monthly Account management fees and a Redraw facility.

Speak to our home loan specialists today to discuss your needs.

Mention 'Lodex'

1300 534 325

Monday - Friday
9am - 5pm (AEST)
or have us contact you

Basic Package

  • Easy access to your money with redraw
  • make additional repayments anytime
  • Optional Offset Deposit Account with basic variable rate loan
  • True flexibility with up to 10 account splits at fixed or variable rates

    3.83% pa           4.43% pa

Principal and Interest          Interest Only

Basic Variable Rate Loan1,3

    3.88% pa            4.11% pa

Principal and Interest          Interest Only

Comparison rate

Rates are for loans with owner occupied mortgages. 

Redraw advantages

In addition to saving you money with no monthly Account management fees, the AMP Essential Home Loan lets you redraw any extra funds you deposit―with no withdrawal fees.

Making additional repayments is a great way to reduce your loan balance and the interest you pay. Over the long haul, extra repayments can reduce the length of your home loan, so you can own your home sooner.

When you need to access your redraw funds, simply use My AMP (internet banking), BankPhone or the My AMP app.

 

Effective 19 July 2019

Loan type Principal and Interest Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan        
Basic variable rate loan(iii) 3.83% pa 3.88% pa 4.43% pa 4.11% pa
Reference Rate(iv) Basic Reference Rate Basic Reference Rate
Interest Only


Effective 8 March 2019

Loan type               Principal and Interest Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Fixed rate loans        
Basic 1 year fixed rate         4.25% pa 3.92% pa 4.55% pa 3.94% pa
Basic 2 year fixed rate 4.33% pa 3.97% pa 4.63% pa 4.02% pa
Basic 3 year fixed rate 4.49% pa 4.05% pa 4.79% pa 4.12% pa
Basic 5 year fixed rate 4.06% pa 3.97% pa 5.23% pa 4.43% pa

(i) Rates are subject to change. Fees and charges are payable. Terms and conditions apply. Approval is subject to AMP Bank guidelines.

(ii) Comparison rates have been calculated for a secured loan on a loan 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.
(iii) Available for new loans only.
(iv) View a full list of Reference Rates and their values.

Other fees and charges apply. Full details are available in the Fees and charges guide.

Interest rate(i)
Interest rate(i)

Effective 19 July 2019

Loan type Principal & Interest Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan
       
Basic variable rate loan (Investment)(iii) 4.08% pa 4.13% pa 4.34% pa 4.23% pa
Reference Rate(iv) Basic Reference Rate
Investment
Basic Reference Rate
Interest Only Investment

Effective 8 March 2019

Loan type   Principal & Interest Interest Only 
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
  Interest
rate(i)            
Comparison
rate(ii)                     
Interest
rate(i)             
Comparison
 rate(ii)                      
Fixed rate loans
       
Basic 1 year fixed rate (Investment) 4.64% pa 4.18% pa 4.84% pa 4.20% pa
Basic 2 year fixed rate (Investment) 4.57% pa 4.22% pa 4.77% pa 4.25% pa
Basic 3 year fixed rate (Investment) 3.99% pa 4.11% pa 5.07% pa 4.38% pa
Basic 5 year fixed rate (Investment) 5.18% pa 4.59% pa 5.38% pa 4.65% pa

(i) Rates are subject to change. Fees and charges are payable. Terms and conditions apply. Approval is subject to AMP Bank guidelines.

(ii) Comparison rates have been calculated for a secured loan on a loan 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.
(iii) Available for new loans only.
(iv) View a full list of Reference Rates and their values.

Other fees and charges apply. Full details are available in the Fees and charges guide.

Important information

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It’s important to consider your particular 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.

This information is provided by AMP Life Limited. Read our Financial Services Guide 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. The credit provider and product issuer is AMP Bank Limited, Australian credit licence 234517.

1 Rates are subject to change.
2 Comparison rate calculated for a secured loan on a loan 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.
3 Rates are for new loans only


Information including rates is current as at 20 June 2019 and subject to change without notice.  Available for new loans only. Approval is subject to AMP Bank guidelines. Other fees and charges apply. Full details are available in the Fees and charges guide. Terms and conditions are available on request.

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