Our range of products

  • Construction Loan

    Build, renovate or develop with a great rate loan

    Effective 1/10/2021 2.99% pa
    Owner occupied variable rate loan1
    2.98% pa

    Comparison rate3

    This product includes

    • Competitive variable rate for 12 months
    • Interest only payment with freedom to make extra repayments
    • Ability to borrow up to 90% of the property value
    • Interest is only calculated on what has been drawn down
    • 100% Offset during construction
    • Choice of package: Professional Package, Basic or AMP First

    This product does not include

    • The option to delay your purchase, build or renovation past 12 months from loan start date
    • Fixed rate options during Construction
    • Redraw
    Terms and conditions
  • Land Loan

    Build your property portfolio with land to use now or later

    Effective 27/03/2020 4.88% pa
    Owner occupied variable rate loan2
    4.93% pa

    Comparison rate3

    This product includes

    • Terms up to 30 years at variable rate
    • Interest only repayment option for up to five years
    • Make additional repayments anytime with no fees
    • Easy access to your money with redraw facility
    • Flexible repayment options (Weekly, fortnightly, and monthly) on P&I only

    This product does not include

    • Waived settlement fee
    • 100% offset
    • Fixed rate option
    Terms and conditions

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

A target market determination for these products is available on our TMD page.

Information including interest rates is correct as at 1 October 2021 and is subject to change without notice.

1 Rate quoted is for Owner Occupied Professional Package loans of $500,000 or more. Loan to value ratio up to 90% + lenders mortgage insurance. Other rates apply for under $500,000 Professional Package loans, Basic Package and AMP First loans, and investment property loans.

2 $40,000+, LVR ≤90% + LMI, & IO repayments. Other rates apply for Investment property loans. Rate is for new loans only and subject to change.

3 The comparison rate is calculated for a secured loan on a loan amount of $150,000 over 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. Comparison rates for construction loans are based on an initial 1 year interest only period with interest payable at the Construction variable rate and a subsequent 24 year principal and interest period with interest payable at the Construction variable rate.

^ LMI - Lenders Mortgage Insurance (LMI) may apply. You may be able to capitalise your LMI premium to the loan up to an LVR of 80%. Lending terms and conditions apply.