If you’re building, extending or renovating an owner-occupied or investment property, construction finance is a feature available to you when taking out a Professional Package, Basic Package or AMP First Home Loan.

You’ll have 12 months to draw down on your construction loan and any remaining balance will then be rolled into your selected AMP Bank home loan.

What’s in it for you?


Take up to 12 months to build, extend or renovate your home or investment property.


Draw down on your loan at various stages to match your construction schedule.


Benefit from a competitive rate, with interest calculated only on the funds you’ve withdrawn.


Up to 10 offset accounts available during the construction period.


Make interest only repayments during the construction period, with the freedom to make extra repayments if you choose.

Borrowing power

If you’re going to live in the property, you could borrow up to 90% of its value.

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What you need to know

1Rate 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.

2The 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.

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.