A simple home loan with the features that matter

No ongoing fees

We don’t charge annual, ongoing or settlement fees, however, other fees apply.

Hassle-free, streamlined application

Our secure, digital application process guides you through the necessary steps to complete your application efficiently.

Unlimited early repayments

Save on interest by making unlimited, additional repayments. Choose between weekly, fortnightly or monthly repayments.

Free redraw

Request to redraw your additional repayments whenever you like.

Fast approval times

We validate your application in real-time and if eligible, you can get approval within hours.*

Have your sights set on other features?

Offset account

The AMP Essential Home Loan doesn’t come with an offset account, however you can request to redraw extra cash you’ve deposited into your mortgage.

Fixed rate

The AMP Essential Home Loan doesn’t allow you to fix your rate.

Interest only repayments

The AMP Essential Home Loan only offers principal and interest repayments.

Discover more with our Offset home loan


Getting a home loan online is convenient and hassle-free

Have more control over your application and if eligible, you can get approval within hours of submission.*

To apply online you’ll need to be:

18 years or older, and an Australian permanent resident 
Applying individually or as a married / de facto couple
Earning a PAYG salary, or self-employed and trading for at least 2 years as a Sole Trader, Partnership or Company
Borrowing 80% or less of the property’s value, with a loan between $250,000 and $2 million

Please note: The option for a construction loan or pre-approved lending limit to borrow against equity are not available through our online application process.

Unsure whether you’re eligible? Contact a loan specialist


How our online application works

  1. Tell us about your property to see how much you can borrow and what your loan repayments will be.
  2. Use automated assessment tools to verify your income and expenses and check your credit history.
  3. When refinancing a loan, you can get unconditional approval within an hour.* 

    When you're buying, we aim to give you conditional approval within 24-48 hours of receiving your application.*

Have questions about our online application? See our FAQs

Explore our home loan calculators

Owner occupied rates

Principal and interest


  Loan to value ratio Interest rate(i) Comparison rate(ii)
Variable rate loan(iii)      
$750,000 and above LVR <60% % pa % pa
LVR <80% % pa % pa
LVR <90% + LMI % pa
% pa
$250,000 to less than $750,000 LVR ≤60%
% pa
% pa
LVR ≤80% % pa % pa
LVR ≤90% + LMI % pa % pa
Reference Rate(iv) Basic Reference Rate

Investment rates

Principal and interest

  Loan to value ratio Interest rate(i) Comparison rate(ii)
Variable rate loan(iii)      
$750,000 and above LVR <60%  % pa % pa
LVR ≤80%  % pa % pa
LVR ≤90% % pa % pa
$250,000 to less than $750,000 LVR <60%  % pa
% pa
LVR ≤80%  % pa % pa
LVR ≤90% % pa % pa
Reference Rate(iv) Basic Reference Rate Investment

No ongoing fees

Application fee $0
Valuation fee3 $0
Settlement fee $0
Monthly fee $0
Annual fee $0
Redraw fee $0

Other up-front fees apply, such as our solicitor’s fee and government-imposed fees which include stamp duty, mortgage registration fee, and title transfer fee. These are illustrated in our Fees & Charges guide. An estimate will be provided in the digital application form. 

Calculate an estimate of stamp duty and other government fees.

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.

Book an appointment →

Request a call back →

New Home Loan enquiries

Call: 1300 534 325

Email: direct_lending@ampbanking.com.au

Mon - Fri 9am - 6pm Sydney time

All other  Home Loan enquiries

Call: 13 30 30

Email: info@ampbanking.com.au

Mon - Fri  8am - 8pm
Sat & Sun 9am - 5pm Sydney time

Ready to take the next step?
We’ve simplified the application process, whether you’re after the convenience of an online, digital experience or the support of a specialist.

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. Rate is for new loans only and is subject to change.

2 Investment AMP Essential Home Loan variable rate, $750,000 and above, LVR ≤60%, P&I repayments. Rate is for new loans only and is subject to change.

3 Valuation fee is free up to the value of $550.

(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.

*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.