Home loans

Buy, build, refinance or renovate a home

AMP Bank offers a range of great-value, easy-to-understand home loans that give you the flexibility to choose what's right for you. Whether you're a first home buyer looking for a basic package or you want a tailored loan with extra features to help you renovate or invest, AMP Bank has a loan to suit you.

1300 534 325

Monday to Friday
8am – 8pm (AEDT)
Saturday and Sunday
9am – 5pm (AEDT)

Buy or refinance

  • Not only for professionals—just those who want more
  • Select a competitive variable rate, fixed rate or line of credit
  • Link other bank accounts and facilities to your home loan
  • Split your loan between up to 10 sub-accounts
  • Benefit from 100% loan offset account with variable rate loan

4.75% pa

ProPack Variable Rate Loan (loans $250,000+1)

5.10% pa

Comparison rate2

AMP Essential Home Loan

Own your own home sooner with essential features

  • Competitive variable rate
  • Additional repayments anytime
  • Redraw facility
  • Waived establishment and settlement fees

4.40% pa

AMP Essential Home Loan1

4.42% pa

Comparison rate2

Basic Package

Choose a fixed or variable rate or split the difference

  • Easy access to your money with redraw or make additional repayments anytime
  • Optional Offset Deposit Account with basic variable rate loan
  • A waived Establishment fee (normally $350) on loans up to 90% of valuation or LVR
  • True flexibility with up to 10 account splits at fixed or variable rates

4.70% pa

Basic Variable Rate Loan1

4.74% pa

Comparison rate2

Classic Club

Customise your home loan for greater flexibility

  • Select a variable rate, fixed rate or line of credit
  • Link other bank accounts and facilities to your home loan
  • Split your loan between up to 10 accounts
  • Option for 100% offset with our standard variable rate loan

5.75% pa

Classic Variable Rate Loan1

5.92% pa

Comparison Rate2

Build or renovate

Land Loan

Build your property portfolio with land to use now or later

  • Purchase land and plan ahead with no pressure to build
  • Up to 30 years at variable rate
  • Interest only repayment option for up to five years
  • Make additional repayments anytime with no fees
  • Access redraw funds via internet and phone banking

5.75% pa

Land Loan1

5.81% pa

Comparison rate2

Construction Loan

Build, renovate or develop with a great rate loan

  • Competitive variable rate for 12 months
  • Interest only payment with freedom to make extra repayments
  • Borrow up to 90% of the property value
  • Interest calculated only on what you’ve drawn on.

5.75% pa

Construction Loan1

5.92% pa

Comparison rate2

Offset

Offset Deposit Account

Reduce the term and interest repayments on your home loan

  • Link to your eligible loan account to effectively reduce interest repayments
  • No minimum account opening balance required
  • Use your funds with an AMP Visa Debit Card at an ATM and eftpos
Compare our home loans
  • Home Loans
 
Home Loans
Professional Package
AMP Essential Home Loan
Basic Package
Classic Club
Land Loan
Construction Loan
Loan size

Line of credit: $100,000 to $1,000,000

Variable rate(i) loan: $100,000 to $2,000,000

Fixed rate loan: $100,000 to $2,000,000

$40,000 to $2,000,000 $40,000 to $2,000,000

Standard line of credit: $40,000 to $1,000,000

Standard variable rate loan: $40,000 to $2,000,000

Fixed rate loan:$40,000 to $2,000,000

$40,000 to $600,000 $40,000 to $850,000

Rates

Fixed interest rate1

Line of credit: No

Variable rate(i) loan: No 

Fixed rate loan: Yes

N/A

Basic 1 Year Fixed rate 4.79% pa 

Basic 2 Year Fixed rate 4.85% pa 

Basic 3 Year Fixed rate 4.85% pa 

Basic 5 Year Fixed rate 5.69% pa

Standard line of credit: No

Standard variable rate loan: No

Fixed rate loan: Yes

N/A N/A
Fixed  comparison rate2

Line of credit: No

Variable rate(i) loan: No 

Fixed rate loan: Yes

N/A

Basic 1 Year Fixed rate 5.20% pa 

Basic 2 Year Fixed rate 4.97% pa

Basic 3 Year Fixed rate 4.96% pa 

Basic 5 Year Fixed rate 5.45% pa

Standard line of credit: No

Standard variable rate loan: No

Fixed rate loan: Yes

N/A N/A
Variable interest rate1

Line of credit: Yes

Variable rate(i) loan: Yes 

Fixed rate loan: No

AMP Essential Home Loan4.74% pa Basic Variable Rate Loan³ 4.95% pa

Standard line of credit: 

  • Classic Line of Credit 6.20%

Standard variable rate loan: 

  • Introductory Classic Variable Rate Loan3 5.00% pa
  • Classic Variable Rate Loan 6.00% pa

Fixed rate loan: N/A

Land Loan 6.00% pa Construction Loan 6.00% pa
Variable comparison rate2

Line of credit: Yes

Variable rate(i) loan: Yes

Fixed rate loan: No

AMP Essential Home Loan4.76% pa Basic Variable Rate Loan³ 4.99% pa

Standard line of credit: 

  • Not applicable

Standard variable rate loan: 

  • Introductory Classic Variable Rate Loan3 6.07% pa
  • Classic Variable Rate Loan 6.17% pa

Fixed rate loan: N/A

Land Loan 6.06% pa Construction Loan 6.17% pa

Fees

Establishment Fee Establishment fees are currently waived The Establishment Fee of $350 is waived until further notice. The Establishment Fee of $350 is waived for all applications with an LVR of 90% or below.

Standard line of credit: $350

Standard variable rate loan: $350

Fixed rate loan: $350

$350  $350
Settlement Fee

Settlement fees are currently waived

The Settlement Fee of $250 is waived until further notice. $250

Standard line of credit: $250

Standard variable rate loan: $250

Fixed rate loan: $250

$250 $250 Settlement Fee plus $100 per progress payment
Ongoing Fees

Line of credit: $349 annual Package fee

Variable rate(i) loan: $349 annual Package fee

Fixed rate loan: Nil

Nil Nil

Standard line of credit: $10 per month

Standard variable rate loan: $10 per month

Fixed rate loan: $10 per month

Nil $10 per month

Repayments

Ongoing

Line of credit: Monthly payments

Variable rate(i) loan: Monthly, fortnightly or weekly payments 

Fixed rate loan: Monthly, fortnightly or weekly payments

Monthly, fortnightly or weekly payments Principal & Interest - Monthly, fortnightly or weekly payments
Interest Only - monthly payments

Standard line of credit: Monthly payments

Standard variable rate loan: Monthly, fortnightly or weekly payments

Fixed rate loan: Monthly, fortnightly or weekly payments

Monthly, fortnightly or weekly payments
Monthly only for Interest Only
Monthly during construction
Additional Repayments

Line of credit: Yes, anytime without penalty

Variable rate(i) loan: Yes, anytime without penalty

Fixed rate loan: Additional repayments up to a maximum of $10,000 per 12 months without penalty

Yes, anytime without penalty Yes, anytime without penalty

Standard line of credit: Yes, anytime without penalty

Standard variable rate loan: Yes, anytime without penalty

Fixed rate loan: Additional repayments up to a maximum of $10,000 per 12 months without penalty

Yes, anytime without penalty Yes, anytime without penalty

Additional Features

Intrest Period Only

Line of credit: Up to 10 years

Variable rate(i) loan: Up to 5 years

Fixed rate loan: Up to 10 years

No Up to 5 years

Standard line of credit: up to 10 years

Standard variable rate loan: up to 5 years

Fixed rate loan: up to 5 years

Up to 5 years  Ip to 2 years 
Redraw available

Line of credit: Yes, access your additional payments when required

Variable rate(i) loan: Yes, access your additional payments when required

Fixed rate loan: No, redraw is available during the fixed rate period

Yes, access your additional payments via BankAssist
(min $2,000)
Yes

Standard line of credit: Yes, access your additional payments when required

Standard variable rate loan: Yes, access your additional payments when required

Fixed rate loan: No redraw is available during the fixed rate period

Yes, access your additional payments when required Not available during construction period
Loan term

Line of credit: Up to 30 years

Variable rate(i) loan: Up to 30 years

Fixed rate loan: Up to 5 years

Up to 30 years Up to 30 years

Standard line of credit: Up to 30 years

Standard variable rate loan: Up to 30 years

Fixed rate loan: Up to 5 years

Up to 30 years Maximum construction period - 2 years
Access

Line of credit: Internet (BankNet), Phone (BankPhone), BankAssist, Access Card, BPAY and cheque book

Variable rate(i) loan: Internet (BankNet), Phone (BankPhone), BankAssist, Access Card and BPAY

Fixed rate loan: Internet (BankNet) and Phone (BankPhone)

BankAssist
(view only via Internet(BankNet) and Phone(BankPhone))
Internet(BankNet) and Phone(BankPhone) - excluding BPay®

Standard line of credit: Internet (BankNet), Phone (BankPhone), BankAssist, Access Card, BPAY, Cheque book

Standard variable rate loan: Internet (BankNet), Phone (BankPhone), BankAssist, Access Card, BPAY

Fixed rate loan: Internet (BankNet), Phone (BankPhone)

Internet(BankNet), Phone(BankPhone), BankAssist Internet(BankNet) and Phone(BankPhone) - information access
Split loan facility

Line of credit: Yes, up to 10 split loans allowed; minimum split $10,000

Variable rate(i) loan: Yes, up to 10 split loans allowed; minimum split $10,000

Fixed rate loan: Yes, up to 10 split loans allowed; minimum split $10,000

Yes, up to 10 AMP Essential Home Loan splits allowed.
Minimum split amount $10,000
Yes, up to 10 split loans allowed. Minimum split $10,000

Standard line of credit: Yes, up to 10 split loans allowed; minimum split $10,000

Standard variable rate loan: Yes, up to 10 split loans allowed; minimum split $10,000

Fixed rate loan: Yes, up to 10 split loans allowed; minimum split $10,000

Yes up to 10 split loans allowed. Minimum split $10,000
Can only be split with other Land Loans and/or Construction Loans
No
100% Offset 

Line of credit: No

Variable rate(i) loan: Yes, with Offset deposit account

Fixed rate loan: No

No

Yes - with Offset Deposit Account *

* A $5 montly account management fee is payable on the Offset Deposit Account when linked to a Basic Variable Rate Loan

Standard line of credit: No

Standard variable rate loan: Yes, with Offset deposit account

Fixed rate loan: No

No No
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Important information

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It’s important to consider your particular 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.

This information is provided by AMP Bank Limited. Read our Financial Services Guide 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.

The credit provider and product issuer is AMP Bank Limited, Australian Credit Licence 234517.

1 Rates are subject to change.
2 Comparison rate 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.
3
 Available for new business only.