Home loans
Equity Flex Loan
A 10 year interest-only investment loan with a loan term of up to 40 years, so you can borrow without the trade-offs.
Why choose AMP Bank’s Equity Flex Loan?
Investment interest only
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Interest rate (i)
% P.A
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Comparison rate (ii)
% P.A
Interest Only (IO) repayments available for 6-10 years
10 years interest only with a loan term of up to 40 years.
With no reassessment during the interest-only period and a loan term of up to 40 years, Equity Flex helps eligible investors manage cash flow while keeping long-term options open.
A loan designed to help you:
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Lower repayments early
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Free up cash when needed
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Support long-term investment goals
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Unlock equity
Product details
Product details
Application process for the Equity Flex Loan
01 Check the criteria
Start by checking whether the Equity Flex Loan is right for you. This loan is designed for customers who want greater repayment flexibility and can support a longer loan term, including an interest only period followed by principal and interest repayments.
While a longer loan term can help reduce repayments and improve cash flow, it may also mean paying more interest over the life of the loan. Eligibility depends on factors such as loan purpose, loan to value ratio, and having a clear plan for how the loan will be repaid over time.
02 Speak to a home loan specialist
Next, speak with a home loan specialist or your mortgage broker. They’ll help you understand how the 40-year structure works, talk through your goals, and confirm whether this loan suits your situation. They can also explain how repayments may change over time and what to expect after the interest only period ends.
03 Prepare the required documents
Before applying, gather the documents needed to assess your application. This usually includes proof of income, details of your assets and liabilities, and information about the property you’re buying or refinancing. These documents help confirm affordability and ensure the loan remains suitable over the long term.
04 Submit application
Once everything is ready, your home loan specialist or broker will submit the application on your behalf. The application will be assessed using responsible lending checks, including serviceability and your longer-term repayment plan. If approved, you’ll receive your loan offer outlining the interest only period and the transition to principal and interest repayments.
Investment interest rates
Effective
| Equity Flex Loan (Investment) (iii) | Principal and Interest | Interest Only 6-10 years | |||
| Variable Rate Loan | LVR | Interest rate (i) | Comparison rate (ii) | Interest rate (i) | Comparison rate (ii) |
| $100,000 and above | LVR ≤60% |
% pa | % pa | % pa | % pa |
| LVR ≤70% |
% pa | % pa | % pa | % pa | |
| LVR ≤80% | % pa | % pa | % pa | % pa | |
| Reference Rate (iv) | Equity Flex Reference Rate Investment | Equity Flex Reference Rate Interest Only Investment | |||
(i) Rates are subject to change. Fees and charges are payable. Terms and conditions apply. Approval is subject to AMP Bank guidelines.
(ii) Comparison rates have been 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.
Other fees and charges apply. Full details are available in the Fees and charges guide.
Build your home loan knowledge
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How can refinancing your home loan save you money? - AMP By replacing your current home loan with a new one, you could take advantage of a better deal. Here’s what to look out for. -
Principal and Interest vs. Interest only Home Loans – AMP Trying to decide between a principal-and-interest or interest-only home loan? In this article we look at both repayment types and what they mean.
FAQs
The Equity Flex Loan is a new Investor-only home loan (Owner-Occupied security not eligible; available for investment purposes only and must be secured against an investment property) that provides greater repayment flexibility through a longer total loan term (31–40 years) and an extended Interest-Only period (6–10 years), followed by Principal & Interest repayments.
The structure is 6–10 years IO followed by P&I amortisation, with a total term between 31 and 40 years (minimum 31, maximum 40).
No matter if the total loan term is between 31 and 40 years, repayment is calculated using a maximum Principal & Interest (P&I) period of 30 years. If the P&I period is less than 30 years, the calculation uses that shorter period instead.
Investment: up to 80%
No—this product cannot be accessed via a simple product switch. Existing customers would need to complete an internal refinance and be reassessed.
Yes—at least one split is required to be 6–10 years interest only with a minimum split amount of $10k for the 31-40‑year structure.
Yes—customers can switch from interest only to P&I at any time post‑settlement.
No – Investment only loan.
No — the 40‑year term is exclusive to the Equity Flex Loan (other products remain capped at 30 years).
Existing customers can only access a 40‑year term by refinancing into the Equity Flex Loan, subject to standard assessment.
Yes – Offset is available for this product.
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Important information
(i) Investment Equity Flex Loan variable rate loan, LVR ≤60%, Interest only repayments. Rate is for new loans only and is subject to change.
(ii) Comparison rates have been 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) Owner Occupier Equity Flex Loan variable rate loan, LVR ≤60%, Interest only repayments. Rate is for new loans only and is 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, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517. 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.
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 here.
Any application is subject to AMP Bank's approval.
For accounts with BSB number 939 900, that you access via AMP Bank GO, the Terms and conditions that apply are available here.
For accounts with BSB number 939 200, that you access via the My AMP mobile app, the Terms and conditions that apply are available here.
Information including interest rates is correct as at and is subject to change without notice.