AMP First offer for AMP shareholders

If you’ve got your sights set on the property market, we invite you to take advantage of our special low-rate shareholder home loan offer.

Whether you’re looking to buy a new home, refinance or invest, we’ve got something for owner occupiers and property investors alike, with AMP First offering special variable rates that start low and stay low. That’s because we review these rates twice a year, as well as when the Reserve Bank of Australia (RBA) changes the cash rate.

Owner occupiers (principal and interest)

 2.64% pa 2.64% pa
Variable rates comparison rate1


Three-year fixed term rates from 1.97% pa (2.48% pa comparison rate1)

Property investors (principal and interest)

 3.14% pa 3.14% pa
Variable rates comparison rate1


Three-year fixed term rates from 2.64% pa (3.02% pa comparison rate1)

Above rates are subject to change and based on principal and interest loans only. For further rate details, including those applied to interest-only loans, see the rates tables below.

Interest rates in more detail

AMP First home loan (owner occupiers)

The AMP First Home Loan is a special offer only available to AMP shareholders, AMP employees, AMP Life employees and is also available to other client groups 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 11 November 2020

 Loan type Principal and Interest  Interest Only
  (LVR <90% + LMI) (LVR <80% incl LMI)
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan 2.64% pa
2.64% pa 3.14% pa 2.83% 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 11 November 2020

Loan type Principal and Interest Interest Only
  (LVR <90% + LMI)   (LVR <80% incl LMI)  
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)               
Fixed rates        
1 year fixed rate 2.49% pa 2.63% pa 3.59% pa 2.73% pa
2 year fixed rate 1.97% pa 2.53% pa 3.49% pa 2.78% pa
3 year fixed rate 1.97% pa 2.48% pa
2.95% pa 2.72% pa
5 year fixed rate 2.29% pa 2.51% pa 3.89% pa 3.12% 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 (property investors)

The AMP First Home Loan is a special offer only available to AMP shareholders, AMP employees, AMP Life employees and is also available to other client groups 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 6 July 2020

 Loan type Principal and Interest  Interest Only
  (LVR <90% + LMI)   (LVR <80% incl LMI)  
  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 28 May 2020

Loan type Principal and Interest Interest Only
  (LVR <90% + LMI)   (LVR <80% incl LMI)  
  Interest rate(i) Comparison rate(ii) Interest rate(i)                 Comparison rate(ii)       
Fixed rates        
1 year fixed rate 2.99% pa 3.13% pa 2.99% pa 3.13% pa
2 year fixed rate 2.64% pa 3.06% pa 2.89% pa 3.10% pa
3 year fixed rate 2.64% pa 3.02% pa 2.89% pa 3.08% pa
5 year fixed rate 3.09% pa 3.12% pa 3.39% pa 3.24% pa


Effective 16 February 2017

 Loan type Principal 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

 

 

Rates that start low and stay low

Regular reviews on interest rates

Variable interest rates will be reviewed at least every six months, as well as when the Reserve Bank of Australia (RBA) changes the cash-rate, to make sure they remain some of the most competitive in the market.

Existing customers receive the benefit of all future rate changes

Any changes to variable rates will apply to new and existing bank customers throughout the life of your loan.

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Multiple fees removed

  • No mortgage processing (legal) costs– $295
  • No settlement fee – $349
  • No master limit application fee – $399
  • No ongoing annual fee - $349
  • No variation fee3 - $299

Please note: Additional costs could be payable in some instances and conditions may apply.

Added extras

Redraw facility and offset account access on variable rate loans

A redraw facility gives you access to money you’ve paid above your minimum monthly repayments, while any money in an offset account will be subtracted from your home loan when interest is calculated. This reduces the interest payable, as well as the term of your loan.

Ability to make up to $10,000 worth of extra repayments on fixed-rate loans

You can make up to $10,000 of additional repayments annually without paying break costs.

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Are you eligible?

This offer is available if you:

  • hold a minimum of 500 AMP shares
  • are applying through AMP Bank for a new loan that doesn’t exceed 90% of the property value (or 80% of the property value for interest-only loans)

How you can take up this offer?

Speak with an AMP Bank home loan specialist

8am to 8pm, Monday to Friday (Sydney time)

Request a call back

8am to 8pm, Monday to Friday (Sydney time)

Would you like more info on this offer?

An AMP Bank home loan specialist can be in touch shortly.

1 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.

2 AMP Bank's standard Solicitor’s and mortgage processing servicer’s costs for one or two security property(ies) of $295 will be paid by AMP Bank. Costs for additional security property(ies) and any non-standard mortgage processing service provider's costs are payable.

3 A $299 variation fee will apply in the instance your switching from an existing AMP Bank home loan to the AMP First Home Loan. It will not apply if you’re switching from another provider.
 

Important information

The credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517. Information including interest rates is correct as at 11 November 2020 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. Approval is subject to AMP Bank guidelines.

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.