AMP Bank

AMP home loans

AMP has home loans for owner-occupiers and investors, with rates starting from 2.22%.

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AMP is an Australian financial institution. It has home loans for investors and owner-occupiers, including fixed and variable rates. Check out the full table of AMP products below or read more about the lender and its loans.

Compare AMP home loans for January 2022

Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".

$
years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

AMP Bank Professional Package Variable Rate Home Loan P&IHome≥ 20% Deposit

AMP Bank Professional Package Variable Rate Home Loan
2.24%
2.66%
  • App: $0
  • Ongoing: $349 p.a.
$574
Get a sharp rate with no application or settlement fee, a redraw facility and 100% offset account. Other fees and charges apply.

AMP Bank Essential Home Loan P&IHome≥ 20% Deposit

AMP Bank Essential Home Loan
2.45%
2.48%
  • App: $0
  • Ongoing: $0 p.a.
$590

AMP Bank Professional Package Fixed Loan P&IHome 2Y Fixed≥ 20% Deposit

AMP Bank Professional Package Fixed Loan
2.59%
2.68%
  • App: $0
  • Ongoing: $0 p.a.
$601
$3,000 refinance cashback
Eligible refinancers can get a $3,000 cashback when borrowing $500K or more. Other terms and conditions apply. Get a low fixed rate package with no application or settlement fee. Available with a 20% deposit.

AMP Bank Professional Package Fixed Loan P&IInvestment 2Y Fixed≥ 20% Deposit

AMP Bank Professional Package Fixed Loan
2.64%
2.81%
  • App: $0
  • Ongoing: $0 p.a.
$605

AMP Bank Professional Package Fixed Loan P&IHome 3Y Fixed≥ 20% Deposit

AMP Bank Professional Package Fixed Loan
2.84%
2.75%
  • App: $0
  • Ongoing: $0 p.a.
$621
A package home loan with a sharp fixed rate and a 20% deposit option for low deposit borrowers.
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AMP key facts

  • AMP has some very competitive home loan rates, especially on its fixed rate package loans.
  • You need at least a 20% deposit for most AMP home loans, but some loans are available with 10% deposits.
  • AMP's package loans are competitive, so if you're interested in bundling your loan with other financial products this could be a good option.

Review by our senior home loans writer Richard Whitten

AMP home loan features

Here are the key features and details you need to know about AMP's mortgage products.

FeatureDetails
Minimum depositMost AMP loans have 80% maximum LVRs. This means you can borrow up to 80% with an AMP mortgage. But the lender has some loans for borrowers with low deposits (that is, deposits below 20%).
Offset account?Some AMP mortgages come with a 100% offset account, depending on the product and your borrowing situation.
Repayment optionsBoth AMP's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.
Split rateMost AMP mortgages allow you to split your loan into fixed and variable portions.

How do I apply for an AMP mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each AMP product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with AMP you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application, you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (such as savings accounts and investments) and liabilities (for example, any outstanding debts you may have).

How to apply for a home loan

Lenders like AMP

If you want to compare loans from lenders similar to AMP, then you could look at the Big Four or some of Australia's other mid-sized lenders.

  • Big Four banks. Check out home loans from Australia's Big Four banks.
  • Macquarie. Macquarie is one of Australia's largest banks outside the Big Four.
  • Bank of Queensland. Another of Australia's larger lenders, with a wide selection of mortgages.
  • Suncorp Bank. This Queensland-based lender also provides insurance and superannuation services.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.

More home loan questions

More guides on Finder

  • AMP Bank Professional Package Line of Credit

    Need a line of credit package loan that's available for owner-occupiers and investors? AMP might have the loan for you.

  • AMP Bank Basic Package Fixed Loan

    Looking for a no-frills home loan that you can package with other financial products? Consider the AMP Bank Basic Package Fixed Loan.

  • AMP Bank Professional Package Fixed Home Loan

    Choose features from a range of AMP home loans to package with your fixed rate.

  • AMP Bank Land Loan

    Purchase that perfect piece of land to build your future home on with AMP's Land Loan. The loan offers a competitive rate and access to financing of up to 90% of the property value.

  • AMP Bank Construction Loan

    The AMP Construction Loan helps you buy land to build your home on, access financing to build on your existing piece of land or renovate your current home.

  • AMP Bank Basic Package Variable Rate Loan

    AMP's Basic Package Variable Rate Home Loan is a straightforward home loan that could help you own your home sooner. You can add extra features, giving you the flexibility that suits your financial situation best.

  • AMP Bank Professional Package Variable Rate Home Loan

    The AMP Bank Professional Package Variable Rate Loan offers you additional features and interest rate discounts to help you save money.

  • AMP Bank Essential Home Loan

    The AMP Essential Home Loan is a simple and easy-to-manage home loan without the long list of features you may not need.

Home Loan Offers

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3 Responses

    Default Gravatar
    KimJuly 24, 2014

    Hi,
    I’m owning my own home, currently looking to down size and want know if you provide a bridge home loan.

    if yes, can you please provide details to my email.

    thank you.

    regards,

    Kim

      Avatarfinder Customer Care
      ShirleyJuly 25, 2014Staff

      Hi Kim,

      Thanks for your question.

      Please refer to the link I’ve emailed you regarding AMP Home loans.

      Cheers,
      Shirley

      Avatarfinder Customer Care
      ElizabethJuly 25, 2014Staff

      Hi Kim,

      Thanks for your question.

      While AMP currently does not provide bridging loans, you may want to compare your other bridging finance options from our guide.

      I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.

      Hope this helps.

      Thanks,
      Elizabeth

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