2.59% pa

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

3.00% pa

**comparison rate

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

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.

A range of competitive rates

You can benefit from various choices and great rates.
 

Choice to split your loan

You can choose to split your loan with up to 10 sub-accounts.
 

100% loan offset account

You have the option of a 100% loan offset account with variable rate loans.

Full transaction access

You can set up a Bett3r Offset Account to keep track of transactions.                  

Choose the type of loan

You have the option of a principal and interest loan, or an interest only loan.

Redraw facility

Access to redraw any amount above your minimum repayment with a variable rate loan, subject to approval.

Interest rates and fees

New business - owner occupied – Variable interest rate

Effective 11 November 2020

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 <80% (incl LMI) 2.59% pa 3.00% pa
3.29% pa
3.22% pa
LVR >80% <90% + LMI 2.86% pa
3.27% pa
Not applicable
Not applicable
$100,000 to less than $500,000 LVR ≤80% (incl LMI) 2.59% pa 3.00% pa 4.35% pa 3.63% pa
LVR >80% ≤90% + LMI 2.89% pa 3.30% pa Not applicable Not applicable
Reference Rate(iv)   Standard Reference Rate Standard Reference Rate Interest Only
Line of credit(iii)
$500,000 and above LVR ≤80% (incl LMI) Not applicable Not applicable 3.49% pa Not applicable
$100,000 to less than $500,00 LVR ≤80% (incl LMI) Not applicable Not applicable 4.55% pa Not applicable
Reference Rate(iv)   Line Of Credit Reference Rate Line of Credit Reference Rate Interest Only

Important information below

New business - owner occupied – Fixed interest rate

Effective 11 November 2020

 Loan type    Principal and Interest   Interest Only
  (LVR <90% + LMI) (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 2.49% pa
3.24% pa
3.59% pa
3.06% pa
2 year fixed rate 1.97% pa
3.10% pa
3.49% pa
3.09% pa
3 year fixed rate 1.97% pa
3.01% pa
2.95% pa
3.00% pa
5 year fixed rate 2.29% pa
2.96% pa
3.89% pa
3.36% pa

Important information below

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

New business - investment – Variable interest rate

Effective 29 September 2020

 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 ≤80% (incl LMI) 2.79% pa
3.20% pa
3.19% pa
3.30% pa
LVR >80% <90% + LMI 3.27% pa
3.67% pa
Not applicable
Not applicable
$100,000 to less than $500,000 LVR ≤80% (incl LMI) 3.12% pa 3.52% pa 3.33% pa 3.56% pa
LVR >80% <90% + LMI 3.61% pa 4.00% pa Not applicable Not applicable
Reference Rate(iv)   Standard Reference Rate Investment Standard Reference Rate Interest Only Investment
Line of Credit (Investment) (iii)
$500,000 and above LVR ≤80% (incl LMI) Not applicable Not applicable 3.39% pa Not applicable
$100,000 to less than $500,000 LVR ≤80% (incl LMI) Not applicable Not applicable 3.53% pa Not applicable
Reference Rate(iv)   Line Of Credit Reference Rate Investment Line Of Credit Reference Rate Interest Only Investment


Important information below

New business - investment – Fixed interest rate

Effective 8 September 2020

 Loan type  Principal and Interest  Interest Only
  (LVR <90% + LMI) (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                            2.99% pa
3.92% pa
2.99% pa
3.48% pa
2 year fixed rate 2.79% pa
3.81% pa
2.99% pa
3.44% pa
3 year fixed rate 2.79% pa
3.73% pa
2.99% pa
3.40% pa
5 year fixed rate 3.09% pa
3.69% pa
3.39% pa
3.49% pa

Important information below

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

A few more tools to help you along the way

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Important information

*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.
^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.

(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.
(v) For new home loan applications received from Wednesday 11 November 2020. AMP Bank reserves the right to terminate the offer at any time. Applications subject to credit approval. Fees and charges may be payable.

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