How we can help

We know that rising interest rates put pressure on Australian homeowners as their regular mortgage repayments increase. The good news is we’re here to help you through it with the right tools and information, and to find ways to relieve the pressure on your household finances.

Learn about interest rates

Find out how they're set, why they're rising and how your home loan may be impacted.
Read our short article

Controlling spending

As inflation sets in, deciding and sticking to your budget will be key to maintaining good finances.

Knowing your home loan

Take advantage and understand the features of your home loan, the use of offset accounts and redraw options that can all impact your level of debt.

Managing your home loan repayments

Your home loan is potentially the biggest contributor to your overall financial wellbeing. Use our repayments calculator to forecast what impact future rate rises could have on your repayments. See how you can get the most from your home loan – from reducing the overall interest you pay to consolidating your debt so that you're not accumulating fees at a higher rate of interest than you need to.

Sticking to your budget

Having a solid budget is crucial to building financial resilience, and as rising rates continue to put pressure on household finances, it could help if you look at ways to save more and spend less. Think about where you could make other savings in your household and personal budget.

Good Shepherd
AMP proudly partners with Good Shepherd to provide support to our customers and their families during times of need, with the aim of improving financial wellbeing, and helping those who need it most.

Frequently asked questions

Why are interest rates rising?

There has been a rise in interest rates to raise the benchmark following the reduced cash rate. It is the RBA’s decision to ultimately control inflation in a bid to stabilise the Australian economy, when rates are up, we see higher prices, lower unemployment and signs of potential wage growth.

What do rising rates mean if you have a home loan?

If you have a variable rate loan or your fixed rate loan is about to reach the end of its term, you may find your repayments increase and that you have less discretionary income to spend on other things.

What can I do if I'm starting to worry about my repayments?

Get in touch with us as soon as you can. We can discuss the options available to you, and a way forward, including but not limited to:

  • reduce your repayments while you get yourself back on your feet
  • pause your repayments temporarily if you’re going through financial hardship
  • refer you to Good Shepherd and put you in touch with a financial wellbeing coach where they offer confidential and free financial counselling.

Contact us

Monday - Friday: 8am to 8pm
Saturday - Sunday: 9am to 5pm
Sydney time (AEST)


If you're worried about your home loan repayments increasing, or you’re experiencing financial stress, please know that we're here to help.

We will listen, take the time to understand your situation, and support you to sort through the challenges.

What you need to know

The credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian Credit Licence 234517.

Any advice and information provided is general in nature. It hasn’t taken your financial or personal circumstances into account.

It’s important to consider your particular circumstances and read the relevant product disclosure statement, Target Market Determination or terms and conditions, available from AMP at, or by calling 131 267, before deciding what’s right for you.

You can read our Financial Services Guide online 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. You can also ask us for a hardcopy. 

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.