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.
AMP Essential Home Loan owner occupied new business rates & feesShow more
AMP Essential Home Loan (owner occupied)
Rates and fees for owner occupiers
Effective 8 March 2019
|Loan type||Principal and Interest
(Max LVR 90% + LMI)
|Interest rate(i)||Comparison rate(ii)|
|AMP Essential Home Loan(iii)
|$40,000 to $99,999||4.85% pa||4.88% pa|
|$100,000 and above||4.19% pa||4.22% pa|
|Reference Rate(iv)||Basic Reference Rate|
(i) Rates are subject to change.
(ii) 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.
(iii) Available for new loans only.
(iv) View a full list of Reference Rates and their values.
(v) Special Offer for a limited time only. AMP Bank reserves the right to withdraw at any time.
Important informationShow more
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 18 April 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.