AMP Home Loans

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

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AMP home loan rates

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
FixedMore details

Basic Fixed Rate Home Loan (Principal and Interest) 3 Years

FixedMore details

Basic Fixed Rate Home Loan (Principal and Interest) 2 Years

VariableMore details

Basic Variable Rate Home Loan (Principal and Interest) (LVR < 80%)

VariableMore details

Basic Variable Rate Home Loan (Principal and Interest) (LVR < 60%)

VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 1yr

  • Fast turnaround times, can meet 30-day settlement
  • No ongoing fees
  • Extra repayments + redraw services
LIMITED TIME OFFER

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.

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

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details
LIMITED 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%
LIMITED 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%
FixedMore details
NO UPFRONT OR ONGOING FEES

Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years

NO UPFRONT OR ONGOING FEES
VariableMore details
100% 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
100% 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

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

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