Take advantage of our low-rate home loan offer

With ongoing low rates and new benefits available to you, you may never need to refinance your home loan again (although it’s still a good idea to put it to the test from time to time!).

Owner occupiers (principal and interest)

 1.97% pa 2.43% pa
Three year fixed term3 **comparison rate1

Owner occupiers (principal and interest)

 2.58% pa 2.58% pa
*Variable rates4 **comparison rate1

Above rates are subject to change and based on principal and interest loans only. For further rate details, including those applied to interest-only loans, see the rates table below.

Rates that start low and stay low

Regular reviews on interest rates

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).^  

Existing customers receive the benefit of all future rate changes

Unlike many variable rate home loan offers, new and existing customers always have access to the same competitive variable rate with any changes applying to new and existing customers, regardless of tenure throughout the life of your loan.

Multiple fees removed

✓ No mortgage processing (legal) costs5 – $295

✓ No settlement fee – $349

✓ No ongoing annual fee - $349

✓ No master limit application fee - $399

✓ No variation fee6 - $299

 

Added extras

Redraw facility and offset account access on variable rate loans

A redraw facility gives you access to money you’ve paid above your minimum monthly repayments.

Up to 10 offsets on your home loan account

Save on the amount of interest you pay with up to 10 offsets on your home loan account. 

Make extra repayments on fixed-rate loans

You can make up to $10,000 of additional repayments annually without paying break costs. 

Interest rates in more detail

AMP First Home Loan (owner occupiers)

The AMP First Home Loan is a special offer only available to AMP shareholders, AMP employees, AMP Life employees and is also available to other client groups who apply directly through AMP Bank. Complete the online enquiry form to request more information about the AMP First Home Loan and for an AMP Bank direct sales team member to contact you.

Owner Occupied Loans

Effective 15 February 2021

 Loan type Principal and Interest  Interest Only
  (LVR <90% + LMI) (LVR <80%)
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan 2.58% pa
2.58% pa 3.14% pa 2.79% pa
Reference Rate(iii)
AMP First Reference Rate AMP First Reference Rate Interest Only
Line of Credit Not applicable Not applicable 3.34% pa
Not applicable
Reference Rate(iii) AMP First Line Of Credit Reference Rate AMP First Line Of Credit Reference Rate Interest Only

Effective 15 February 2021

Loan type Principal and 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 2.49% pa 2.58% pa 3.59% pa 2.67% pa
2 year fixed rate 1.97% pa 2.48% pa 3.49% pa 2.73% pa
3 year fixed rate 1.97% pa 2.43% pa
2.95% pa 2.67% pa
5 year fixed rate 2.29% pa 2.47% pa 3.89% pa 3.08% pa

 

Effective 16 February 2017

 Loan type Prinicipal and Interest Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Line of Credit (credit balances)
       
From $0 to less than $20,000
0.00% pa Not applicable
0.00% pa Not applicable
From $20,000 and over
0.25% pa Not applicable
0.25% pa Not applicable


(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 Investment Home Loan (property investors)

The AMP First Home Loan is a special offer only available to AMP shareholders, AMP employees, AMP Life employees and is also available to other client groups who apply directly through AMP Bank. Complete the online enquiry form to request more information about the AMP First Home Loan and for an AMP Bank direct sales team member to contact you.

Investment Property loans

Effective 6 July 2020

 Loan type Principal and Interest  Interest Only
  (LVR <90% + LMI)   (LVR <80%)  
  Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
Variable rate loan 3.14% pa
3.14% pa 3.34% pa 3.22% pa
Reference Rate(iii)
AMP First Reference Rate Investment AMP First Reference Rate Interest Only Investment
Line of Credit Not applicable Not applicable 3.54% pa
Not applicable
Reference Rate(iii)            AMP First Line Of Credit Reference Rate Investment AMP First Line Of Credit Reference Rate Interest Only Investment

Effective 7 December 2020

Loan type Principal and 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 2.99% pa 3.13% pa 2.99% pa 3.13% pa
2 year fixed rate 2.49% pa 3.03% pa 2.68% pa 3.07% pa
3 year fixed rate 2.49% pa 2.98% pa 2.68% pa 3.03% pa
5 year fixed rate 3.09% pa 3.12% pa 3.39% pa 3.24% pa


Effective 16 February 2017

 Loan type Principal and Interest Interest Only
  Interest rate(i) Comparison rate(ii) Interest rate(i)        Comparison rate(ii)      
Line of Credit (credit balances)
       
From $0 to less than $20,000
0.00% pa Not applicable
 0.00% pa  Not applicable
From $20,000 and over
0.25% pa Not applicable
0.25% pa Not applicable


(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

 

 

Would you like more info on this offer?

One of our AMP Bank Home Loan Specialists can be in touch shortly.
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Calculate your home loan repayments
See what your minimum fortnightly or monthly loan repayments may be for any borrowed amount.

Are you eligible?

This offer is available if you:

✓ are an eligible AMP super member; and

✓ are applying through AMP Bank for a new loan that doesn’t exceed 90% of the property value (or 80% of the property value for interest-only loans).

How you can take up this offer?

Speak with an AMP Bank Home Loan Specialist

8am to 8pm, Monday to Friday (Sydney time)

Talk to us

8am to 8pm, Monday to Friday (Sydney time)

Important information

1, ** 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.

2 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).  

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

4, * 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.

5 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.

6 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.

^ 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).

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 15 February 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 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.