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$3k cashback bonus
Refinance your home loan with us and receive $3,000 cash! Apply to refinance by 31 December 2021, and settle by 31 March 2022 to receive $3,000 cashback! Minimum refinance amount $500,000 with a maximum LVR of 80%. T&Cs apply***

What's in it for you?

Commitment

Our variable rate will always be one of the lowest in the market against competitor comparison rates1

Assurance

Variable rate updates applied to existing customers automatically

Redraw

You can request to redraw for free with variable rate loans

Flexibility

Up to 10 loan splits, and offset accounts available

Freedom

Make extra repayments of up to $10,000 per year on fixed-rate loans

Choice

Fixed, variable or split / buy, refinance or invest / principal and interest or interest only

Fees? What fees?

$0 mortgage processing (legal) costs2
$0 settlement fee
$0 ongoing annual fee
$0 master limit application fee
$0 variation fee3





Are you eligible?

This offer is available if you:

  • are an eligible AMP super member
  • and apply directly through AMP Bank for a new loan4




Interest rates in more detail

AMP First Home Loan - owner occupied (variable rate loan)

Effective 3 June 2021

LOAN TYPE PRINCIPAL & INTEREST    INTEREST ONLY
   (LVR ≤ 90% + LMI)   (LVR ≤ 80%)  
  Interest rate(i) Comparison rate(ii) Interest rate(i)
Comparison rate(ii)
VARIABLE RATE LOAN 2.48% pa 2.48% pa 3.14% pa 2.73% pa
Reference rate(iii) AMP First reference rate AMP First reference rate interest only
Line of credit n/a n/a 3.34% n/a
Reference rate(iii) AMP First line of credit reference rate AMP First line of credit reference rate interest only

(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 of other loan amounts might result in a different comparison rate.
(iii) View a full list of Reference Rates and their values


AMP First Home Loan - owner occupied (fixed rate loan)

Effective 01 December 2021

 LOAN TYPE PRINCIPAL & INTEREST    INTEREST ONLY
   (LVR ≤ 90% + LMI)   (LVR ≤ 80%)  
  Interest rate(i) Comparison rate(ii) Interest rate(i)
Comparison rate(ii)
FIXED RATES  
1 year fixed rate 2.47% pa 2.48% pa 3.57% pa 2.57% pa
2 year fixed rate 2.43% pa 2.47% pa 3.47% pa 2.64% pa
3 year fixed rate 2.58% pa 2.50% pa 2.93% pa 2.59% pa
5 year fixed rate 2.98% pa 2.68% pa 3.87% pa 3.00% pa


AMP First Investment Home Loan - property investor

Effective 30 July 2021

 LOAN TYPE PRINCIPAL & INTEREST    INTEREST ONLY
   (LVR ≤ 90%)   (LVR ≤ 80%)  
  Interest rate(i) Comparison rate(ii) Interest rate(i)
Comparison rate(ii)
VARIABLE RATE LOAN 2.99% pa 2.99% pa
3.34% pa 3.12% pa
Reference rate(iii) AMP First reference rate investment AMP First reference rate interest only investment
Line of credit n/a n/a 3.54% n/a
Reference rate(iii) AMP First line of credit reference rate investment AMP First line of credit reference rate interest only investment

Talk to a Home Loan Specialist

What you need to know

* This interest rate applies to the Owner Occupied variable rate loan, LVR ≤ 90% + LMI, P&I repayments. Other rates apply depending on your loan type. Rates are subject to change.

** The comparison rate is calculated for a secured loan on an 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.

^This interest rate applies to the variable owner-occupied principal and interest AMP First Home Loan ($40,000 and above). Other rates apply depending on your loan type. Rates are subject to change.

1 Interest rates will be reviewed at least every six months, and when the Reserve Bank of Australia (RBA) changes the cash-rate, to ensure they remain within the top three, based on comparison rates, of 25 of Australia’s banks and credit unions (including the major banks).

2 AMP Bank's mortgage processing service provider's standard costs for one or two security property(ies) of $295 will be paid by AMP Bank. Costs for additional security property(ies) and any non-standard mortgage processing service provider's costs are payable.

3 A $299 variation fee will apply in the instance you’re switching from an existing AMP Bank Home Loan to the AMP First Home Loan. It will not apply if you’re switching from another provider.

4 This offer is available to eligible AMP super members and certain other eligible groups, who apply directly through AMP Bank for a new home loan by completing an application form. Rates are subject to change at any time and without notice. Offer available for loans not exceeding 90% of the property value (or 80% of the property value for interest-only loans).  

See the AMP First Home Loan Rules for applicable terms, conditions and eligibility criteria.

The credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian Credit Licence 234517. Information including interest rates is correct as at 01 December 2021 and is subject to change without notice. Terms and conditions apply and are available at amp.com.au/bankterms or by calling 13 30 30. Fees and charges are payable. Approval is subject to AMP Bank guidelines. 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. AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice. 

*** 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 December 2021 (inclusive) which settle by 31 March 2022.

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 29 November 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.