Variable rates from
Select from a range of options and tailor your loan to your needs. Find out more →
News & insights
Principal and interest or interest-only mortgage?19 May 2020 Trying to decide between a principal-and-interest or interest-only home loan? In this article we look at both repayment types and what they mean. Read more
What can you afford to borrow when buying your first home?21 December 2021 The first step to buying your first home in Australia is knowing how much you can afford borrow. Here’s how to become a home buyer in less than five years. Read more
9 tips for first home buyers12 November 2021 | Manage my money There’s a lot to get your head around as a first home buyer, and the upfront and ongoing costs are only part of it. Find out more. Read more
What you need to know
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.
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.
1Owner Occupied Professional Package variable loans, $500,000 and above, LVR ≤ 80%^, P&I repayments. Other rates apply for investment property loans. Rate is for new loans only and are subject to change.
2The comparison rate is calculated for a secured loan for an amount of $150,000 over a 25 year term. 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 credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian Credit Licence 234517. Approval is subject to AMP Bank guidelines.
Information including interest rates is correct as at 13 May 2022 and is subject to change without notice. Terms and conditions apply and are available at amp.com.au/bankterms or 13 30 30. Fees and charges are payable.
*** Special $3,000 cashback for new purchase applications with principal and interest repayments with a portion of the loan on a variable interest rate.
Special offer available for applications made between 28 March 2022 and 31 May 2022 (inclusive) which settle on or before 31 August 2022. AMP Bank reserves the right to withdraw this offer at any time.
This offer is open to Australian residents aged 18 and over who are purchasing a new home. Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply.
This offer is available on Professional Package, AMP First, Essential and Basic Home Loan products only with a minimum loan amount of $250k. Offer is available for owner occupier and residential investment loans with principal and interest repayments. A variable interest rate must also apply to a portion of the loan balance.
Not available for the refinance, restructure, or switches of home loans within AMP Bank or refinancing an existing home loan from another lender.
Limit of one $3,000 cashback payment regardless of the number of applications, applicants, properties or loans involved. The $3,000 cashback cannot be used towards the serviceability of the home loan. The $3,000 cashback is not transferable.
The $3,000 cashback must be paid into an AMP Bank offset account, or AMP Access account, and will be paid within 60 days of the settlement date. If you do not have an existing AMP Bank offset account or AMP Access account, one must be opened before the date of settlement.
For multiple home loan applicants, the AMP Bank account needs to be in the name of at least one of the home loan applicants, and the $3,000 cashback will be paid only once to the applicants jointly.
The Offer is current as at 28 March 2022. This Offer may be varied, withdrawn or extended by AMP Bank at any time without notice. Applicants should seek their own tax advice in relation to the receipt of a cashback on settlement.
Tax consequences may arise from these promotions for investors and customers should seek independent advice on any taxation matters. 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.