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that’s right for you

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Low rate home loan

Our AMP Essential Home Loan offers a great low rate with no ongoing fees

Variable rates from 1
6.34
% pa
Comparison rate 3
6.37
% pa
Terms & conditions
This product includes:

  • Apply online for fast approval

  • Unlimited additional repayments and redraw

  • Ongoing competitive variable interest rate

  • Principal & interest (P&I) repayments

  • Flexible repayment options (W, F, M)

  • No ongoing fees

This product does not include:

  • Offset account

  • Fixed rate options

  • Interest only repayments

  • Option for a construction loan interest only period

  • Pre-approved lending limit to borrow against equity

Apply online icon Find out more icon


 

Offset home loan

Access to variable loan offset accounts with our Professional Package Home Loan

Variable rates from 2
6.49
% pa
Comparison rate 3
6.84
% pa
Terms & conditions
This product includes:

  • Apply online for fast approval

  • 100% offset accounts with variable rate loans

  • Variable or fixed rates, or a combination

  • Principal & interest (P&I) or interest only (IO) repayments

  • Flexible repayment options (W, F, M)

  • Unlimited additional repayments and redraw for variable and Line of Credit

  • Additional repayments up to $10K per annum for fixed loans

  • Option for a construction loan interest only period***

  • Pre-approved lending limit to borrow against equity***

  • $349 annual fee

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Support when you need it

Connect with one of our home loan specialists if you need assistance or have any questions.

Speak to a loan specialist

Looking for something else?

Explore our other home loan options.

Basic Package Home Loan

Our Basic Package home loan allows you to choose between a fixed or variable rate, or you can choose to split the difference with no monthly fees attached.


 

Offset account

Reduce the interest calculated on your eligible AMP Bank home loan by depositing your regular income and earnings into an everyday banking offset account.

Build or renovate home loans

Discover a home loan to match your ambitions, whether you're looking to construct your dream home or undertake a renovation project.


 

First Home Buyer Family Guarantee

Get closer to your first home without the need for a hefty deposit. This option allows your parents to leverage their home equity without having to liquidate assets.

Refinance online with AMP
Refinancing with AMP to either our Low rate or Offset home loan is fast and easy. We validate your application in real time and if eligible, you can get approval within an hour.**
Refinance online Find out more

Home loan calculators

Explore our different calculators to estimate your home loan repayments, borrowing power or savings when you refinance to an AMP home loan.

See all calculators

News & insights

What is an offset account?

29 November 2021 An offset account could help you pay off your home loan faster and help you save money in repayments. Find out what an offset account is and how it works. Read more

Home Loans Decoded: Your Essential Guide From A to Z

24 November 2021 There are a lot of hoops to jump through when you become a homeowner, and a lot of unfamiliar terms. Discover the essentials decoded in this home loan guide. Read more

Getting started in property

03 January 2022 AMP experts answer frequently asked questions about buying your first home. Learn about costs and processes involved and the government incentives available. Read more

Support at your fingertips

If you need assistance or have any questions, provide your details and one of our home loan specialists in Australia will get in touch.

Request a call back →

Contact us
Call 1300 534 325
Email direct_lending@ampbanking.com.au
Weekdays 8am - 8pm Sydney time

 

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. Full details are available in the Fees and charges guide.

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.

1 Owner Occupied AMP Essential Home Loan variable rate, $750,000 and above, LVR ≤60%, P&I repayments. Other rates apply for Investment property loans. Rate is for new loans only and is subject to change.

2 Owner Occupied Professional Package variable rate loan, $1,000,000 and above, LVR ≤60%, P&I repayments. Other rates apply for investment property loans. Rate is for new loans only and are subject to change.

3 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, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

* Global Retail Banking Innovation Awards 2023 – The Digital Banker.

** In many cases a conditional approval will be provided immediately after submission. The time to receive a full unconditional approval will vary. Where only identification is required, an immediate response to our SMS to complete this could result in an unconditional approval within an hour. Unconditional approval could take longer if we need to seek clarifications from you, or if we need to undertake an inspection of your property. The speed of response is also dependant on the time a second applicant takes to confirm their application details, and for all applicants to complete the biometric ID check. Most metro postcodes and many regional postcodes are eligible. Ineligible postcodes are likely in remote or higher risk areas. You will be told early in the application form if your postcode is ineligible. 

*** The option for a construction loan or pre-approved lending limit to borrow against equity are not available through our online application process. If you're looking to access these options, speak to one of our Home Loan Specialists today.