Professional Package

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3.74% pa   /   4.13% comparison rate2

Owner Occupied variable rate loans from $750,000+1,3 LVR < 90% + LMI, & P&I repayments. Other rates apply for Investment property loans.

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.

The Professional Package Home Loan offers:

✓ A range of competitve 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 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.

Your product features

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.
 

Effective 20 May 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 4.72% pa 5.09% pa 5.43% pa 5.35% pa
$250,000 to $499,999 4.22% pa 4.60% pa 5.20% pa 4.96% pa
$500,000 to $749,999 3.74% pa 4.13% pa 4.54% pa 4.40% pa
$750,000 and above 3.74% pa 4.13% pa 4.14% pa 4.24% 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 5.63% pa Not applicable
$250,000 to $499,999 Not applicable Not applicable 5.40% pa Not applicable
$500,000 to $749,999 Not applicable Not applicable 4.74% pa Not applicable
$750,000 and above Not applicable Not applicable 4.34% pa Not applicable
Reference Rate(iv) Line of Credit Reference Rate
Line of Credit Reference Rate
Interest Only

Effective 20 May 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 5.02% pa 4.55% pa 5.04% pa
2 Year Fixed Rate 3.63% pa 4.85% pa 4.63% pa 5.02% pa
3 Year Fixed Rate 3.63% pa 4.74% pa 4.79% pa 5.02% pa
5 Year Fixed Rate 4.06% pa 4.71% pa 5.23% pa 5.17% pa

 

Professional Package Lines of Credit - credit balances

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 n/a 0.00% pa n/a
From $20,000 and over 0.25% pa n/a 0.25% pa n/a

Cheque book available on lines of credit only. Credit interest applies to all lines of credit. The Establishment fee of $350 will be waived for all applications with a loan-to-value ratio of 90% or less. 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. An Application fee of $350 and a Settlement fee of $250 are both currently waived.

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

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.

 

3.85% pa 4.22% pa
4.05% pa Not applicable
4.05% pa Not applicable

Effective 18 April 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)
       
$100,000 to $249,999       5.39% pa 5.75% pa 5.14% pa 5.62% pa
$250,000 to $499,999 4.46% pa 4.83% pa 4.54% pa 4.83% pa
$500,000 to $749,999 4.14% pa 4.52% pa 4.44% pa 4.60% pa
$750,000 and above 4.09% pa 4.47% pa 4.24% pa 4.49% 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 5.34% pa Not applicable
$250,000 to $499,999 Not applicable Not applicable 4.74% pa Not applicable
$500,000 to $749,999 Not applicable Not applicable 4.64% pa Not applicable
$750,000 and above Not applicable Not applicable 4.44% pa Not applicable
Reference Rate(iv) Line Of Credit Reference Rate
Investment
Line of Credit Reference Rate
Interest Only Investment

Effective 20 May 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 5.65% pa 4.84% pa 5.67% pa
2 Year Fixed Rate 3.82% pa 5.41% pa 4.04% pa 5.44% pa
3 Year Fixed Rate 3.82% pa 5.26% pa 4.04% pa 5.31% pa
5 Year Fixed Rate 5.18% pa 5.55% pa 5.38% pa 5.62% 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 n/a 0.00% pa n/a
From $20,000 and over 0.25% pa n/a 0.25% pa n/a

Cheque book available on lines of credit only. Credit interest applies to all lines of credit. The Establishment fee of $350 will be waived for all applications with a loan-to-value ratio of 90% or less. 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. An Application fee of $350 and a Settlement fee of $250 are both currently waived.

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

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.

4.34% pa 4.70% pa
4.34% pa 4.70% pa
4.54% pa Not applicable
4.57% pa 4.84% pa

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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 Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account.

Information including interest rates is correct and is subject to change without notice. Approval is subject to AMP Bank guidelines. Terms and conditions apply. Fees and charges are payable. 

All information on this website is subject to change without notice.

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.