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AMP Bank Home Loans
Posted August 4th, 2010
and last modified March 21st, 2012
AMP Bank are proud to be able to offer a genuine alternative to the big banks in the home loan market, providing loans with competitively low interest rates, inclusive features and low or no fees. AMP Bank also structure their home loan products a little differently allowing you to choose the features you want, picking and choosing from across their loan range, until you build a loan which is just right for you.
Featured AMP Bank Home Loan
Apply for AMP Essential Home Loan and get a low variable interest rate, plus no valuation and no additional repayment fee.
- Interest Rate of 6.45%
- Comparison Rate of 6.47%
- Application Fee of $295
- Maximum LVR With LMI: 90%
- Minimum Borrowing: $40,000
- Maximum Borrowing: $1,000,000
Featured AMP Bank Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 AMP Essential Home Loan |
The AMP Essential Home Loan offers no ongoing fees and a very competitive variable rate. | 6.45% | 6.47% | $295 / $ 0 | 90% | $40,000 / $1,000,000 |
 
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AMP Bank Basic Variable Rate Loan |
A competitive low rate without the expensive extras. | 6.62% | 6.69% | $295 / $0 | 90% | $40,000 / $2,000,000 |
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AMP Bank Introductory Professional Package Variable Rate Loan ($100,000-$249,999) |
Offers a range of discounts to help you save. | 6.42% | 7.18% | $295 / $349 | 90% | $100,000 / $2,000,000 |
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AMP Bank Professional Package Line of Credit ($100,000-$249,999) |
Perfect for those looking to manage a number of property investments. | 7.12% | $295 / $349 | 90% | $100,000 / $1,000,000 |
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AMP Bank Professional Package Line of Credit ($250,000-$749,999) |
Take advantage of a discounted interest rate and additional features. | 6.77% | $295 / $349 | 90% | $100,000 / $1,000,000 |
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AMP Bank Professional Package Line of Credit ($750,000+) |
Consolidate your banking with this fantastic loan. | 6.77% | $295 / $349 | 90% | $750,000 / $2,000,000 |
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AMP Bank Professional Package Variable Rate Loan ($100,000-$249,999) |
A secure loan offering a great rate. | 6.92% | 7.24% | $295 / $349 | 90% | $100,000 / $249,999 |
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AMP Bank Professional Package Variable Rate Loan ($250,000-$749,999) |
Flexible repayment options and a discounted interest rate. | 6.57% | 6.89% | $295 / $349 | 90% | $250,000 / $749,999 |
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AMP Bank Professional Package Variable Rate Loan ($750,000+) |
Discounted rate and features for the high income earner. | 6.57% | 6.89% | $295 / $349 | 90% | $750,000 / $1,499,999 |
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Home loans come in a few standard varieties to suit either the budget conscious, the home owner who wants flexibility and something specific for those who are building rather than buying. At AMP Bank you can choose from:
- A basic variable loan. Which is actually a very inclusive loan product as it comes with a 100% offset account feature to save you in interest charges, no monthly fee to worry about and the ability to make additional repayments without additional charges.
- A land loan. Specifically designed for the purchase of land up to the value of $850,000 you can secure the perfect location for your dream home and take your time in planning the actual home.
- A construction loan. If you’re planning to build on your block of land within 12 months, a construction loan may suit you better as you have access to progressive draw down payments to pay your builder. The AMP Bank construction loan can also be used for renovations.
- A low doc loan. If you don’t fit standard borrowing criteria you can still secure finance for your home with AMP Bank’s low doc loan. You can self certify your income and borrow up to 80% of the property value.
AMP Bank Fixed Rate Options
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
AMP Bank Professional Package – 1 Year Fixed Rate |
A 1 Year fixed rate loan with flexible options! | 6.09% | 6.86% | $295 / $349 | 90% | $40,000 / $2,000,000 |
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Features of AMP Bank Home Loans
With many of the AMP Bank home loans you can add features of whole feature-packed packages to customise your loan account to the way you want to use it, and you can enjoy features such as:
- An introductory interest rate. AMP Bank is offering a discount of 1% on their standard variable interest rate for 12 months so you’re not locked into a lower rate, you are instead always ahead on a discounted rate.
- A master limit. If you want to access equity or security in your home you can use the AMP Bank master limit feature to access preapproved funds for renovations, holidays or to consolidate debts and a loan with a master limit feature comes with free sub-accounts to manage each aspect of your finances in your loan account.
- Professional pack. To really feature-pack your AMP Bank loan you can add a professional pack which includes an interest rate discount – tiered on your loan amount – plus redraw facilities with no minimum amount, a 100% offset account, and your choice of principal and interest payments or interest only.
Build Your Own AMP Bank Home Loan
AMP Bank also offers a unique loan facility where you can create your own loan account by mixing the features of AMP Bank’s three main loans – their variable rate loan, fixed rate loan and line of credit. You can also enjoy a linked transaction account and credit card included when you are part of AMP Bank’s Classic Club.
To find out more about how to build your own Classic Club home loan, or to learn more about how the different features and loan types work, Home Loan Finder is here to give you unbiased and comprehensive advice.
Related Posts
- AMP Bank Basic Home Loan
- AMP Essential Home Loan
Are you looking for a home loan that’s simple yet functional? If so then the Essential Home Loan from AMP has everything you’re looking for. Easy to understand, yet great value for money and more flexible than many of it’s more extravagant looking competitors. - AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack)
If you are a high income earner and considering borrowing a large sum of money have a look at the AMP Bank Professional Package Variable Rate Loan ($750,000+)(Pro Pack). It offers you discounted interest rates and additional features so you can pay less on the loan. Read this article to find out more. - AMP Bank Professional Package Variable Rate Loan ($250,000 - $749,999) (Pro Pack)
The AMP Bank Professional Package Variable Rate Loan ($250,000 - $749,999) (Pro Pack) is a great loan for professionals that offers you a reduced interest rate and additional features. Read this article to find out more. - AMP Bank Professional Package Variable Rate Loan ($100,000-$249,999)(Pro Pack)
If you are a high income earner and would like to receive the benefits of being a low risk customer have a look at the AMP Bank Professional Package Variable Rate Loan ($100,000-$249,999)(Pro Pack). This loan offers you additional features and interest rate discounts to help you save money. - AMP Bank Professional Package Line of Credit ($750,000+)(Pro Pack)
If you are borrowing over $750,000 you can save money on your loan with the AMP Bank Professional Package Line of Credit ($750,000+)(Pro Pack). The AMP Bank Professional Package Line of Credit ($750,000+)(Pro Pack) offers you a great loan package with discounted interest rates and additional features so you can save money. - AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack)
Professional who borrow more money can take advantage of a discounted interest rate and additional features that are offered with the AMP Bank Professional Package Line of Credit ($250,000-$749,999) (Pro Pack), to find out more read this article. - AMP Bank Professional Package Line of Credit ($100,000-$249,999)(Pro Pack)
If you have been considering a getting a large number of investments the AMP Bank Professional Package Line of Credit ($100,000-$249,999)(Pro Pack) offers professionals an easy way to manage all your investments. Read this article to find out more. - AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack)
The AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack) offers great discounts to ensure you get the best loan. Read this article to find out how much you can save on the AMP Bank Introductory Professional Package Variable Rate Loan (Pro Pack). - AMP Bank Introductory 1 Year Fixed Rate Loan
When applying for a loan you must take advantage of all special offers that are available. The AMP Introductory 1 Year Fixed Rate Loan offers a great home loan package with interest rate discounts so you will pay less onto your loan in the long run. Read this article to find out more. - AMP Bank Fixed Rate Loan
If you are looking for a fixed rate loan that offers flexibility then the AMP Bank Fixed Rate Loan is for you. Read this article to find out more. - AMP Bank Classic Variable Rate Loan
If you are looking for a home loan which is flexible and has great rates the AMP Bank Classic Variable Rate Loan may be for you. All the features available with the loan will allow you pay off your loan quicker so you are debt free sooner. - AMP Bank Basic Variable Rate Loan
If you are looking for a basic home loan with no confusing features but low rates, the AMP Bank Basic Variable Rate Loan may be for you. Read this article to find out more.
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