As a valued Shareholder we wanted to tell you about the low AMP First Home Loan rates, designed especially for AMP Shareholders1, AMP employees and other client groups2.

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

The AMP First Home Loan variable rate (Owner Occupied, Principal and interest repayments) compares well with other offers in the market. We review our AMP First Home Loan variable rates twice a year, separate to any RBA cash rate changes, to make sure they stay competitive.

2.64% pa

This AMP First Home Loan* variable rate is for new eligible clients with Owner Occupied, Principal and interest repayment loans.

2.64% pa

Comparison rate**

* Rate is for new loans only and subject to change.
** The 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, or cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

AMP First Home Loan owner occupied new business rates & fees

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 8 September 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 8 September 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 2.19% pa 2.57% pa 3.49% pa 2.78% pa
3 year fixed rate 2.29% pa 2.56% pa
2.95% pa 2.72% pa
5 year fixed rate 2.99% pa 2.78% 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 new business interest rates & fees

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

 

 

Would you like to save up to $1,000?

With the AMP First Home Loan you can:

  • Save $295 - on Mortgage processing (legal) costs3
  • Save $349 - with no settlement fee
  • Save $399 - with a waived Master Limit4 application fee (for new loans only).

Features and benefits

Your loan includes a redraw facility, and up to $10,000 of extra repayments on fixed rate loans per year without paying interest break costs5.

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’s also unlimited free access (for variable rate loans, lines of credit and offset deposit accounts) to My AMP and BankPhone, and you can also pay bills with BPAY®.

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

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

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. Rates are subject to change. Offer available for loans not exceeding 90% of the property value.
2 The AMP First Home Loan is also available to other client groups. 
3 For one or two security properties. Additional security property/ies and solicitor or mortgage processing servicer non-standard additional costs are payable. 
4 A Line of Credit split is required for a Master Limit. Total of loan account limits after variation must remain within approved Master Limit.
5 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