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 13 May 2022
| 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 | 2.73% pa | 2.73% pa | 3.39% pa | 2.98% pa |
| Reference rate(iii) | AMP First reference rate | AMP First reference rate interest only | ||
| Line of credit | n/a | n/a | 3.59% | 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 13 May 2022
| 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 | 3.72% pa | 2.82% pa | 4.47% pa | 2.88% pa |
| 2 year fixed rate | 4.53% pa | 3.04% pa | 4.72% pa | 3.07% pa |
| 3 year fixed rate | 4.78% pa | 3.25% pa | 4.97% pa | 3.29% pa |
| 5 year fixed rate | 5.03% pa | 3.66% pa | 5.22% pa | 3.70% pa |
AMP First Investment Home Loan - property investor
Effective 13 May 2022
| 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 | 3.09% pa | 3.09% pa |
3.29% pa | 3.17% pa |
| Reference rate(iii) | AMP First reference rate investment | AMP First reference rate interest only investment | ||
| Line of credit | n/a | n/a | 3.49% | 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.