Buying a place you can call your own can be a key ingredient in owning tomorrow. It is also one of the biggest (and most exciting) things you will do in your life.

As a valued Shareholder we wanted to tell you about the low AMP First Home Loan rates, designed especially for AMP Shareholders1 and AMP employees.

Whether you are looking to purchase your first property, renovate, upgrade or downsize, AMP Bank has a solution for you.

AMP First Home Loan owner occupied new business rates & fees

The AMP First Home Loan is a special offer only available to AMP shareholders and AMP employees 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.

Owner Occupied Loans

Effective 27 March 2020

 Loan type Principal and Interest  Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan 2.80% pa
2.80% pa 3.14% pa 2.93% pa
Reference Rate(iii)
AMP First Reference Rate AMP First Reference Rate
Interest Only
Line of Credit Not applicable Not applicable 3.34% pa
Not applicable
Reference Rate(iii) AMP First Line Of Credit Reference Rate AMP First Line Of Credit Reference Rate
Interest Only

Effective 27 March 2020

Loan type Principal and Interest Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Fixed rates        
1 Year Fixed Rate 4.15% pa 2.92% pa 4.15% pa 2.92% pa
2 Year Fixed Rate 2.89% pa 2.82% pa 4.19% pa 3.04% pa
3 Year Fixed Rate 2.49% pa 2.73% pa
2.95% pa 2.84% pa
5 Year Fixed Rate 3.34% pa 3.02% pa 4.62% pa 3.50% pa

 

Effective 16 February 2017

 Loan type Prinicipal and Interest Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Line of Credit (credit balances)
       
From $0 to less than $20,000
0.00% pa Not applicable
 0.00% pa  Not applicable
From $20,000 and over
0.25% pa Not applicable
0.25% pa Not applicable


(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 of other loan amounts might result in a different comparison rate.
(iii) View a full list of Reference Rates and their values

 

 

AMP First Investment Home Loan new business interest rates & fees

The AMP First Home Loan is a special offer only available to AMP shareholders and AMP employees 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.

Investment Property loans

Effective 27 March 2020

 Loan type Principal and Interest  Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan 3.14% pa
3.14% pa 3.34% pa 3.22% pa
Reference Rate(iii)
AMP First Reference Rate
Investment
AMP First Reference Rate
Interest Only Investment
Line of Credit Not applicable Not applicable 3.54% pa
Not applicable
Reference Rate(iii) AMP First Line Of Credit Reference Rate
Investment
AMP First Line Of Credit Reference Rate
Interest Only Investment

Effective 27 March 2020

Loan type Principal and Interest Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Fixed rates        
1 Year Fixed Rate 4.54% pa 3.27% pa 4.54% pa 3.27% pa
2 Year Fixed Rate 3.29% pa 3.17% pa 3.59% pa 3.22% pa
3 Year Fixed Rate 2.85% pa 3.07% pa 2.99% pa 3.11% pa
5 Year Fixed Rate 3.58% pa 3.32% pa 3.88% pa 3.42% pa

Effective 16 February 2017

 Loan type Prinicipal and Interest Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Line of Credit (credit balances)
       
From $0 to less than $20,000
0.00% pa Not applicable
 0.00% pa  Not applicable
From $20,000 and over
0.25% pa Not applicable
0.25% pa Not applicable


(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 of other loan amounts might result in a different comparison rate.
(iii) View a full list of Reference Rates and their values

 

 

With an AMP First Home Loan you can enjoy a great rate and all the benefits, including:

  • Save $349 - No Settlement fee
  • Save $295 - Mortgage processing (legal) costs2
  • Save $399 - Master Limit3 Application Fee waived (for new loans only)
  • Redraw facility at no charge
  • Up to $10,000 of extra repayments on fixed rate loans per year without paying interest break costs4
  • Unlimited free access (for Variable Rate Loans, Lines of Credit and Offset Deposit Accounts) to:
    • My AMP and BankPhone
    • Pay bills with BPAY®

Offset Deposit Account

Plus you have the benefit of linking your AMP First Variable Rate loan to an AMP Bank Offset Deposit Account. By linking an Offset Deposit Account to your home loan the money in your deposit account effectively reduces the amount of interest you pay on your home loan.

There may never be a better way to start owning your tomorrow.

Complete the pre-approval enquiry form and one of our AMP Bank home loan specialists will call you back.

Important information

1. Offer available to shareholders with a minimum of 500 AMP shares, who apply directly through AMP Bank for a new home loan. Not available when switching or refinancing existing AMP Bank loans. Information, including interest rates is current as at 14 October 2019. Rates are subject to change at any time and without notice. Terms and conditions are available on request.

2. For one or two security properties. Additional security property/ies and any non-standard mortgage processing service provider's cost are payable.

3. A Line of Credit split is required for a Master Limit. Total of loan account limits after variation must remain within approved Master Limit

4. Break costs are the reasonable cost to us, arising because you repay all or part of the money owing during any fixed interest rate period early or you change the annual percentage rate during any fixed interest rate period. Break costs can be considerable.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

Approval is subject to AMP Bank guidelines. The credit provider and product issuer is AMP Bank Limtied ABN 15 081 596 009, Australian credit licence 234517, AFSL No. 234517.