What discharge options are available?

Full discharge: Request to discharge security as AMP loan will be (or has been) repaid.

Partial discharge: Request to release one of the securities on an AMP Loan where there are multiple properties held as security for the loan.

Substitution of security: Request to replace an existing security with another security.

How long will it take to process a discharge request?

The indicative processing time to discharge a loan is 15 business days.

Does AMP charge a discharge fee?

AMP Bank charge a $390 discharge fee*, as well as the Land Title Office (LTO) which varies by state.

*Note: $390 discharge fee is not applicable for AMP First loans.

How do I discharge from AMP?

You will need to complete a Mortgage discharge authority form. This will ask you about your property, the key people involved, and the loan account details. It will also provide you with details on lender fees and any government charges you will face when you finalise your exit application.

To complete a full discharge, please contact us on 02 8364 6758 or info@ampbanking.com.au.

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What you need to know

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. Full details are available in the Fees and charges guide.

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

A target market determination for these products is available on our TMD page.