AMP Home Loans

Read on to compare some of AMP’s mortgage rates and the key features they have.

AMP home loan rates

Loan amount

Loan purpose

Lender	Advertised rate	Comparison rate	Monthly repayment	Rate Type	Ongoing Fee	Upfront Fees	LVR	as of October 17, 2021
	2.18^%_p.a.	2.74^%_p.a.	^$1,515	Fixed	^$0	^$295	90^%	More details
	Basic Fixed Rate Home Loan (Principal and Interest) 3 Years
Info More details
	2.04^%_p.a.	2.77^%_p.a.	^$1,486	Fixed	^$0	^$295	90^%	More details
	Basic Fixed Rate Home Loan (Principal and Interest) 2 Years
Info More details
	2.59^%_p.a.	2.62^%_p.a.	^$1,599	Variable	^$0	^$295	80^%	More details
	Basic Variable Rate Home Loan (Principal and Interest) (LVR < 80%)
Info More details
	2.49^%_p.a.	2.52^%_p.a.	^$1,578	Variable	^$0	^$295	60^%	More details
	Basic Variable Rate Home Loan (Principal and Interest) (LVR < 60%)
Info More details
	1.99^%_p.a.	2.47^%_p.a.	^$1,476	Variable	^$0	^$520	80^%	More details
FEATUREDLIMITED TIME OFFER	Smart Booster Home Loan Discounted Variable - 1yr Fast turnaround times, can meet 30-day settlement No ongoing fees Extra repayments + redraw services
FEATUREDLIMITED TIME OFFER Info More details Smart Booster Home Loan Discounted Variable - 1yr Fast turnaround times, can meet 30-day settlement No ongoing fees Extra repayments + redraw services

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *Comparison rate is based on a loan of $150,000 over a term of 25 years. Please note the comparison rate only applies to the examples given Rates correct as of October 17, 2021. View disclaimer.

About AMP Bank
AMP home loan features
How to apply for an AMP home loan

Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:

Loan amount

Loan purpose

Overview Features Fees Other

Filters

Lender	Advertised rate	Comparison rate	Monthly repayment	Rate Type	Ongoing Fee	Upfront Fees	LVR	as of October 17, 2021
	1.85^%_p.a.	2.21^%_p.a.	^$1,449	Variable	^$0	^$520	80^%	More details
FEATUREDLIMITED TIME OFFER	Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%) Fast turnaround times, can meet 30-day settlement For purchase and refinance, min 20% deposit No ongoing or monthly fees, add offset for 0.10%
FEATUREDLIMITED TIME OFFER Info More details Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%) Fast turnaround times, can meet 30-day settlement For purchase and refinance, min 20% deposit No ongoing or monthly fees, add offset for 0.10%
	2.09^%_p.a.	2.17^%_p.a.	^$1,497	Fixed	^$0	^$363	70^%	More details
NO UPFRONT OR ONGOING FEES	Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years
NO UPFRONT OR ONGOING FEES Info More details
	1.89^%_p.a.	1.89^%_p.a.	^$1,457	Variable	^$0	^$0	60^%	More details
FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES	Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%) No upfront or ongoing fees 100% full offset account Extra repayments + redraw services
FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES Info More details Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%) No upfront or ongoing fees 100% full offset account Extra repayments + redraw services

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of October 17, 2021. View disclaimer.

About AMP Bank

Founded 170 years ago, AMP has had a long history in providing Australians with an extensive range of financial solutions and services. AMP Bank provides an array of home loan products for both owner-occupiers and property investors. Besides home loans, AMP Bank also offers a range of other financial products including savings accounts, transaction accounts, term deposits, superannuation and self-managed super funds (SMSF).

What home loans does AMP offer?

AMP Bank has home loans to meet the needs of a wide variety of customers, whether you’re looking to purchase your first home, refinance your current mortgage or invest in property. Its key home loan products include:

Variable rate home loans
Fixed rate home loans
Package home loans to bundle your loan with other products
Land loans for purchases of land
Construction loans for building or renovating a home
Line of credit for consolidation of all your debts into one easy-to-manage loan account

Compare low rate home loans

AMP mortgage features

Below are some of the features that come with select AMP home loan products:

Redraw facility: Some AMP home loans let you redraw any extra funds you’ve deposited with no withdrawal fees.
Additional repayments: You have the option to make additional repayments anytime at no extra cost.
Offset account: 100% offset accounts are available with eligible loan accounts.
Split loan: You will have the ability to split your loan between a fixed rate and a variable rate.
Interest-only loans: Interest-only payment options are available with a land loan or construction loan.
Fee-free: Several home loans have no annual fee, no monthly fees or no settlement fees.

How to apply for an AMP home loan

Eligibility criteria

To be eligible for an AMP home loan, you generally need to:

Be 18 years of age or over
Be an Australian citizen or permanent resident
Have a regular source of income
Demonstrate your ability to service the loan

If you meet the criteria, you can apply for an AMP home loan through:

A mortgage broker
An AMP aligned financial adviser
Phone or internet banking

Documents needed

To ensure that your home loan application goes smoothly, you generally need to have the following documents handy:

Identification documents such as your driver’s license, passport, birth certificate etc.
Proof of income like your most recent payslips or most recent tax returns if you’re self-employed
Your most recent tax returns showing your ownership of the rental property, if you earn a rental income
Monthly living expenses, including your food expenses, transport, utilities, health care etc.
Asset and liability documents, such as credit card debts
The lastest three to six months of transactional statements from your bank
If you own an existing property, you’ll need to show your current building insurance policy or contract of sale as proof

Compare low home loan rates

Refinance home loans.
Rates from 1.85% p.a. Compare