AMP Bank Land Loan

Purchase land as an investment or to build on with the AMP Bank Land Loan.

The AMP Bank Land Loan can help you buy a vacant block of land to build a home or investment property without the time restrictions of a construction loan or the eligibility restrictions of a regular home loan. With this loan you can also buy and hold a piece of land as a standalone investment.

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Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).

Expert review

AMP's Land Loan is ideal for anyone looking for flexible financing to cover the cost of a land purchase. If you have found land on which you wish to build your home but aren’t ready you build straight away or just want invest in a piece of land this loan may suit your needs. It offers a variable rate for a period of up to 30 years, waives monthly account fees and lets you access your additional repayments at any time within the loan period.

About this loan

What are the features and benefits of the AMP Bank Land Loan?

  • Loan amount. You can borrow a minimum of $40,000 or a maximum of $600,000 with this loan.
  • Loan-to-Value Ratio.You will be able to access funding for up to 90% of the property value, although keep in mind that borrowing more than 80% will come with Lender's Mortgage Insurance fees (LMI).
  • Additional repayments. Make additional repayments on the AMP Bank Land Loan at any time without incurring any penalty fees, allowing you to save more on the interest repayments over the life of your loan.
  • Repayment flexibility. You can make your repayments weekly, fortnightly or monthly which makes it easy to set up your repayments to suit your pay cycle. However, if you opt for any interest only period you can only make repayments monthly.
  • Redraw facility. With the AMP Bank Land Loan, you can request to withdraw any additional payments on your loan. There are no redraw fees charged when you use the redraw facility and you also get to access your funds quickly and easily online or over the phone.
  • Interest only period. You can opt to pay interest only repayments for a maximum of five years, which may help with your cash flow.

What fees and charges come with this loan?

    • Settlement fee: $349. You will also be required this fee to settle your loan and cover the various administration fees associated with this.
    • Valuation fee: Free under $550. You only pay a valuation fee if the cost of valuing the property exceeds $550.

Other fees and charges apply.

How to apply

You can apply for the AMP Bank Land Loan by filling in the form located on the right hand side of this page.

You will need to meet the following eligibility requirements:

  • Be an Australian citizen or a permanent Australian resident
  • Be over the age of 18

Please supply the following information when filling out the online AMP Bank Land Loan application:

  • Your name, address and contact information
  • Your employer's name, contact information and current address
  • You will need to provide information about your income, current credit accounts, debts and assets

AMP's Land Loan is a viable option for those looking to purchase a vacant block of land. Compare the loans featured on to find one that will suit your finances and preferences.

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    Default Gravatar
    November 3, 2022


    Looking to buy a 150 hectare property without dwellings for $590,000.00 and looking for around 50% LVR financing.

    Who do I go to?

      November 11, 2022

      Hi Dylan,

      If you’re still searching for a property to purchase, you can look into consulting a real estate agent or buyer’s agent to help you find a property that meets your criteria.

      As for lenders, you can explore providers here. You can narrow down your search by entering your minimum deposit on the left side of the table.

      Kind regards,

    Default Gravatar
    January 8, 2022

    How do I get in touch with a person from AMP who can assist with the application? Can they email me please

      January 12, 2022

      Hi Dean,

      You can contact AMP Bank via phone at 133 888 or via email at

      You can also submit an online enquiry or have a live chat session through their website.

      They are available Monday to Friday from 08:30 AM to 05:00 PM (AEST).


    Default Gravatar
    October 22, 2018

    How long does it take to get a land loan approved? For 20% deposit, do you have to pay mortgage insurance?

      October 25, 2018

      Hi Timoth,

      Thanks for reaching out to finder.

      AMP did not give a specific timeframe as to how soon they can get you approved for a land loan but generally speaking, land loan process may take average 4-6 weeks. The entire processing time though, may vary depending on several factors like how soon you can submit all the required documents to the lender and which state you live in.

      You don’t have to pay for a mortgage insurance if you pay 20% deposit. It is only applicable if you borrow more than 80% of the property value.

      I hope this helps.


    Default Gravatar
    April 10, 2017

    Hi I need to have a loan of $20000 to buy a 5acre block of land what do I need to do regards

      April 10, 2017

      Hi Sid,

      Thanks for your question.

      You can check our vacant land home loans to compare your possible options. On the same page, you should also be able to read our guide on how to buy vacant lands with the help of lenders.

      Alternatively, you may also get in touch with a mortgage broker who can help you find a suitable loan option for your situation.


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