AMP Essential Home Loan

Own your home sooner with
essential features
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3.74% pa   /   3.77% comparison rate2

Owner Occupied variable rate loan1, LVR < 90% + LMI, & P&I repayments. Other rates apply for Investment property loans.

 

An AMP Essential Home Loan is a great choice if you’d like the benefit of a flexible home loan with features to help you get ahead on your repayments and own your home sooner.

You can make additional repayments anytime at no additional cost. When you need to redraw the extra funds, it’s easy ― just call us.

The AMP Essential Home Loan offers:

✓ Great ongoing rates

Benefit from a competitive ongoing rate with the AMP Essential Home Loan.

✓ No settlement fee

The settlement fee of $349 is not applicable for AMP Essential Home Loans.

✓ Easy access 24/7

Access to your home loan around the clock via our My AMP mobile and tablet apps (excludes BPay).

✓ No monthly fees

Pay $0 monthly account management fees.

✓ Ability to split your loan

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

✓ Additional repayment options

With the AMP Essential Home Loan you have the option to make additional repayments anytime at no extra cost

Your product features

Redraw extra funds you deposit whenever you like.

In addition to saving you money with no monthly Account management fees, the AMP Essential Home Loan lets you redraw any extra funds you deposit―with no withdrawal fees.

Making additional repayments is a great way to reduce your loan balance and the interest you pay. Over the long haul, extra repayments can reduce the length of your home loan, so you can own your home sooner.

When you need to access your redraw funds, simply use My AMP (internet banking), BankPhone or the My AMP app.

Learn more

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AMP Essential Home Loan (owner occupied)

Rates and fees for owner occupiers

Effective 19 July 2019

Loan type Principal and Interest
(Max LVR 90% + LMI)
  Interest rate(i) Comparison rate(ii)
AMP Essential Home Loan(iii) 
   
$40,000 to $99,999 4.40% pa  4.43% pa
$100,000 and above 3.74% pa  3.77% pa
Reference Rate(iv) Basic Reference Rate

 

(i) Rates are subject to change.
(ii) 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.
(iii) Available for new loans only.
(iv) View a full list of Reference Rates and their values.
(v) Special Offer for a limited time only. AMP Bank reserves the right to withdraw at any time.

Fees and charges are payable. Terms and Conditions apply. Approval is subject to AMP Bank guidelines.

AMP Essential Home Loan (investment)

Rates and fees for investors

Effective 19 July 2019

Loan type

Principal and Interest

(Max LVR 90% + LMI)

  Interest rate(i) Comparison rate(ii)
AMP Essential Home Loam (Investment)(iii) 
   
$40,000 to $99,999 4.99% pa 5.02% pa
$100,000 and above 4.99% pa 5.02% pa
Reference Rate(iv) Basic Reference Rate Investment

(i) Rates are subject to change. Special Offer for a limited time only. AMP Bank reserves the right to withdraw at any time.

(ii) 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.
(iii) Available for new loans only.
(iv) View a full list of Reference Rates and their values.

 Fees and charges are payable. Terms and Conditions apply. Approval is subject to AMP Bank guidelines.

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Important information

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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.

1 Rate is for new loans only and subject to change.

2 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. Comparison rates for construction loans are based on an initial 1 year interest only period with interest payable at the construction rate and a subsequent 24 year principal and interest period with interest payable at the Classic variable rate.