Features & benefits

Looking for ways to build assets and future wealth? An AMP Bank Professional Package is a flexible home loan of $100,000 or more that allows you to select from a range of innovative options to tailor your banking and loan to your needs. Not only do you have the flexibility to pay off your home loan sooner, you have the option of a master limit—an overall pre-approved lending limit, ready to use when you need it. It can provide the flexibility to restructure deductible and non-deductible debt, as your needs and goals change over time. All without the need to re-apply for funds.

Pre-qualify for your AMP Bank home loan

Complete our pre-qualify process to find out if you can borrow the amount you want and receive a free property report.
3.09% pa

Owner Occupied variable rate loans from $500,000+* LVR ≤ 90% + LMI, & P&I repayments. Other rates apply for Investment property loans.

3.49% pa

comparison rate**

A range of competitive rates

Benefit from great variable, fixed rates or line of credit.                                  

Your choice of features

Freedom to choose the features you want from the AMP Bank range of home loans.

The ability to split your loan

With up to 10 sub-accounts available you can choose to split your loan if you like.

100% loan offset account

Available to you if you choose the variable rate loan.                                     

Full transaction access

Establish a Bett3r Offset Account to keep track of all your transactions.                    

Choose what to repay

You have the option to repay the principal and interest, or interest only.

Redraw advantages

The Professional Package lets you redraw any extra funds you deposit whenever you like - with no Withdrawal fees - on our variable rate and line of credit loans. You can redraw your money using My AMP (internet banking), BankPhone, BankAssist, an access card or a cheque book (line of credit only). Please refer to the Home loan fees and charges guide for associated costs.

Making additional repayments will reduce your loan balance and therefore the interest you pay. Over the long haul, this can make a big difference to the interest you’ll pay and reduce the length of your home loan, so you can own your home sooner.

Owner occupied new business rates & fees

Effective 2 December 2019

Loan type   Principal and Interest  Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
   Interest rate(i) Comparison rate(ii)  Interest rate(i) Comparison rate(ii)
Variable rate loan(iii)
$100,000 to $249,999
4.12% pa 4.50% pa
4.83% pa
4.75% pa
$250,000 to $499,999
3.14% pa
3.54% pa
4.60% pa
4.07% pa
$500,000 to $749,999 3.09% pa 3.49% pa 3.94% pa 3.77% pa
$750,000 and above 3.09% pa 3.49% pa 3.54% pa 3.62% pa
Reference Rate(iv) Standard Reference Rate Standard Reference Rate
Interest Only
Line of credit(iii)
$100,000 to $249,999 Not applicable Not applicable 5.03% pa Not applicable
$250,000 to $499,999 Not applicable Not applicable 4.80% pa Not applicable
$500,000 to $749,999 Not applicable Not applicable 4.14% pa Not applicable
$750,000 and above Not applicable Not applicable 3.74% pa Not applicable
Reference Rate(iv) Line Of Credit Reference Rate Line of Credit Reference Rate
Interest Only


Effective 14 October 2019

 Loan type    Principal and Interest  Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
   Interest rate(i) Comparison rate(ii)  Interest rate(i) Comparison rate(ii)
Fixed rates $100,000 and above
1 year fixed rate 4.25% pa
4.49% pa
4.55% pa
4.51% pa
2 year fixed rate 2.89% pa
4.24% pa
4.23% pa
4.46% pa
3 year fixed rate 3.13% pa
4.18% pa
4.33% pa
4.47% pa
5 year fixed rate 3.34% pa
4.08% pa
5.23% pa
4.81% pa

 

Professional Package Lines of Credit - credit balances

Effective 16 February 2017

 Loan type  Principal and Interest  Interest Only
Lines of Credit (credit balances)  Interest rate(i) Comparison rate(ii)  Interest rate(i) Comparison rate(ii)
From $0 to less than $20,000 0.00% pa Not applicable 0.00% pa Not applicable
From $20,000 and over 0.25% pa Not applicable 0.25% pa Not applicable


Cheque book available on lines of credit only. Credit interest applies to all lines of credit. Professional Package eligibility - total borrowings with AMP Bank must exceed $100,000. An Annual fee of $349 is payable in advance at settlement and on each anniversary date of the Professional Package loan.

(i) Rates are subject to change.

(ii) 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.

(iii) Rates are for new loans only. Approval is subject to AMP Bank guidelines. Other fees and charges apply. Full details are available in the Fees and charges guide. Terms and conditions are available on request.

(iv) View a full list of Reference Rates and their values.

Investment new business rates & fees

Effective 2 December 2019

 Loan type  Principal and Interest  Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
   Interest rate(i) Comparison rate(ii)  Interest rate(i) Comparison rate(ii)
Variable rate loan (Investment) (iii)
$100,000 to $249,999
4.79% pa
5.16% pa
4.54% pa
5.03% pa
$250,000 to $499,999
3.86% pa
4.25% pa
3.94% pa
4.24% pa
$500,000 to $749,999 3.49% pa 3.88% pa 3.64% pa 3.90% pa
$750,000 and above 3.49% pa 3.88% pa 3.64% pa 3.90% pa
Reference Rate(iv) Standard Reference Rate
Investment
Standard Reference Rate
Interest Only Investment
Line of Credit (Investment) (iii)
$100,000 to $249,999 Not applicable Not applicable 4.74% pa Not applicable
$250,000 to $499,999 Not applicable Not applicable 4.14% pa Not applicable
$500,000 to $749,999 Not applicable Not applicable 3.84% pa Not applicable
$750,000 and above Not applicable Not applicable 3.84% pa Not applicable
Reference Rate(iv) Line Of Credit Reference Rate
Investment
Line Of Credit Reference Rate
Interest Only Investment


Effective 9 August 2019

 Loan type  Principal and Interest  Interest Only
  (Max LVR 90% + LMI) (Max LVR 80% incl LMI)
   Interest rate(i) Comparison rate(ii)  Interest rate(i) Comparison rate(ii)
Fixed rates (Investment)
$100,000 and above

1 year fixed rate 4.64% pa
5.12% pa
4.84% pa
5.13% pa
2 year fixed rate 3.42% pa
4.86% pa
3.64% pa
4.89% pa
3 year fixed rate 3.42% pa
4.73% pa
3.64% pa
4.78% pa
5 year fixed rate 3.58% pa
4.56% pa
3.88% pa
4.67% pa

 

Professional Package Lines of Credit

Effective 16 February 2017

 Loan type  Principal and Interest  Interest Only
   Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Lines of Credit (credit balances)
From $0 to less than $20,000 0.00% pa Not applicable 0.00% pa Not applicable
From $20,000 and over 0.25% pa Not applicable 0.25% pa Not applicable


Cheque book available on lines of credit only. Credit interest applies to all lines of credit. Professional Package eligibility - total borrowings with AMP Bank must exceed $100,000. An Annual fee of $349 is payable in advance at settlement and on each anniversary date of the Professional Package loan.

(i) Rates are subject to change.

(ii) 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.

(iii) Rates are for new loans only. Approval is subject to AMP Bank guidelines. Other fees and charges apply. Full details are available in the Fees and charges guide. Terms and conditions are available on request.

(iv)View a full list of Reference Rates and their values.

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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


 

* Rate is for new loans only and 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, or cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.