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$3k cashback bonus
Refinance your home loan with us and receive $3,000 cash! Apply to refinance by 31 October 2021, and settle by 22 December 2021 to receive $3,000 cashback! Minimum refinance amount $500,000 with a maximum LVR of 80%. T&Cs apply***

Features & benefits

Savings

Reduce interest payable with a variable loan offset account.

Value

Benefit from competitive fixed or variable rates, or a combination of both.

Freedom

Make unlimited extra repayments on variable rate loans, up to $10,000 a year on fixed rate loans, or up to $10,000 a year on each fixed rate portion of any split rate loans.

Choice

Buy, refinance or invest, make principal and interest or interest-only repayments.

Access

Get a pre-approved lending limit to borrow against equity in your property if you need it.

Redraw

Request to redraw money you’ve paid above your minimum repayments with variable loans, depending on your loan type.

Interest rates

Owner occupied – Fixed interest rate

Effective 21 October 2021

Loan type     Principal and Interest  Interest Only
  LVR Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Fixed rates $100,000 and above
1 year fixed rate LVR ≤80% 2.49% pa
2.75% pa
3.59% pa
2.84% pa
LVR ≤90% + LMI 2.69% pa 3.03% pa n/a n/a
2 year fixed rate LVR ≤80% 1.84% pa
2.63% pa
3.49% pa
2.89% pa
LVR ≤90% + LMI 2.04% pa 2.90% pa n/a n/a
3 year fixed rate LVR ≤80% 2.14% pa
2.65% pa
2.95% pa
2.82% pa
LVR ≤90% + LMI 2.34% pa 2.91% pa n/a n/a
5 year fixed rate LVR ≤80% 2.59% pa
2.76% pa
3.89% pa
3.20% pa
LVR ≤90% + LMI 2.79% pa 3.00% pa n/a n/a
           

Owner occupied – Variable interest rate

Effective 01 October 2021

Loan type    Principal and Interest Interest Only
  LVR Interest rate(i) Comparison rate(ii) Interest rate(i)
Comparison rate(ii)
Variable rate loan(iii)    
$500,000 and above
LVR ≤60% 2.29% pa 2.71% pa
2.99% pa
2.92% pa
LVR ≤80% 2.34% pa 2.76% pa 2.99% pa 2.95% pa
LVR <90% + LMI 2.63% pa
3.04% pa
Not applicable
Not applicable
$100,000 to less than $500,000 LVR ≤60% 2.29% pa 2.71% pa 3.60% pa 3.15% pa
LVR ≤80% 2.34% pa 2.76% pa 3.60% pa 3.18% pa
LVR ≤90% + LMI 2.63% pa 3.04% pa Not applicable Not applicable
Construction          
$500,000 and above LVR ≤ 90% + LMI Not applicable Not applicable 2.99% pa 3.06% pa
$100,000 to less than $500,000 LVR ≤ 90%  + LMI Not applicable Not applicable 3.60% pa 3.12% pa
Reference Rate(iv)   Standard Reference Rate Standard Reference Rate Interest Only
Line of credit(iii) 
$500,000 and above LVR ≤80% Not applicable Not applicable 3.19% pa 3.20% pa
$100,000 to less than $500,000 LVR ≤80% Not applicable Not applicable 4.55% pa 4.11% pa
Reference Rate(iv)   Line Of Credit Reference Rate Line of Credit Reference Rate Interest Only

 

Investment – Fixed interest rate

Effective 14 October 2021

Loan type   Principal and Interest Interest Only
  LVR Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Fixed rates (Investment) $100,000 and above
1 year fixed rate LVR ≤80% 2.99% pa
2.93% pa
2.99% pa
2.92% pa
LVR ≤90%  3.19% pa 3.48% pa n/a n/a
2 year fixed rate LVR ≤80% 2.30% pa
2.83% pa
2.44% pa
2.84% pa
LVR ≤90%  2.50% pa 3.35% pa n/a n/a
3 year fixed rate LVR ≤80% 2.40% pa
2.82% pa
2.49% pa
2.82% pa
LVR ≤90% 2.60% pa 3.31% pa n/a n/a
5 year fixed rate LVR ≤80% 3.09% pa
3.04% pa
3.39% pa
3.10% pa
LVR ≤90%  3.29% pa 3.47% pa n/a n/a
           

Investment – Variable interest rate

Effective 14 October 2021

Loan type   Principal and Interest Interest Only
  LVR Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan (Investment) (iii)
$500,000 and above
LVR ≤60% 2.74% pa
3.15% pa
3.09% pa
3.23% pa
LVR ≤80% 2.79% pa 3.20% pa 3.19% pa 3.30% pa
LVR <90%  3.27% pa
3.67% pa
n/a
n/a
$100,000 to less than $500,000 LVR ≤80% 2.49% pa 2.91% pa 2.79% pa 2.97% pa
LVR ≤90% 3.09% pa 3.49% pa n/a n/a
Construction      
$500,000 and above  LVR ≤ 60% Not
applicable
Not
applicable
3.09% pa 3.17% pa
LVR
≤ 80%
Not
applicable
Not
applicable
3.19% pa 3.65% pa
$100,000 to less than $500,000 LVR ≤ 90%

Not
applicable
Not
applicable
2.79% pa 3.45% pa
Reference Rate(iv)   Standard Reference Rate Investment Standard Reference Rate Interest Only Investment
Line of Credit (Investment) (iii)
$500,000 and above LVR ≤60% Not applicable Not applicable 3.29% pa 3.41% pa
LVR ≤80% Not applicable Not applicable 3.39% pa 3.50% pa
$100,000 to less than $500,000 LVR ≤80% Not applicable Not applicable 2.99% pa 3.13% pa
Reference Rate(iv)   Line Of Credit Reference Rate Investment Line Of Credit Reference Rate Interest Only Investment

 

Lines of credit - credit balances

Professional Package Lines of Credit - credit balances

Effective 16 February 2017

  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

Important information below

Want to apply this low rate to your home?

Estimate how much you can borrow, the buying costs, and repayments.

A few more tools to help you along the way

Important information

*Rates are subject to change. 

^$100,000 and above, LVR ≤80%^^, P&I repayments. Other rates apply for investment property loans.

^^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.

** 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.

(i) Rates are subject to change.

(ii) 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.

(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.

(v) For new home loan applications received from Wednesday 25 August 2021. AMP Bank reserves the right to terminate the offer at any time. Applications subject to credit approval. Fees and charges may be payable.

*** Special $3,000 cashback for a limited time (Offer) is only available for new refinance home loan applications received between 1 September 2021 and 31 October 2021 (inclusive) which settle by 22 December 2021.

This Offer is open to Australian residents aged 18 and over who are refinancing an existing home loan they have with another lender to AMP Bank. Conditions, credit criteria, fees, charges, eligibility criteria and exclusions apply.

This Offer is available on Professional Package, AMP First, Essential and Basic Home Loan products only. Min Loan amount $500k and LVR must be equal to or less than 80% (LMI may apply).

This Offer is available for Owner Occupier with Principal & Interest repayments and Residential Investment Loans (Principal and Interest & Interest Only repayments).

The Offer is not available for the refinance, restructure or switches of home loans within AMP Bank.

Limit of one $3,000 cashback payment regardless of the number of applications, applicants, properties or loans involved. The $3,000 cashback cannot be used towards the serviceability of the home loan. The $3,000 cashback is not transferable.

The $3,000 cashback must be paid into an AMP Bank offset account, AMP Bett3r or AMP Access account, and will be paid within 60 days of the settlement date. If you do not have an existing AMP Bank offset account or AMP Access account, one must be opened before the date of settlement.

For multiple home loan applicants, the AMP Bank account needs to be in the name of at least one of the home loan applicants, and the $3,000 cashback will be paid only once to the applicants jointly.

The Offer is current as at 1 October 2021. This Offer may be varied, withdrawn or extended by AMP Bank at any time without notice. Applicants should seek their own tax advice in relation to the receipt of a cashback on settlement.

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.

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