AMP Home Loan Rates and Fees Comparison April 2021 | Finder

AMP Home Loans

AMP is a wealth management and financial services company offering package loans for home buyers and investors.

AMP Bank

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Find everything you need to know about AMP home loans on this page. Skip ahead to the full table of products or read more about AMP home loans below.

Compare AMP home loan rates

Compare AMP home loans below. Hit "load more" to see a fuller selection of home loans and hit "Enquire now" to start your application process.

Data updated regularly
$
years
Name Product Interest Rate (p.a.) Comp. Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
AMP Bank Professional Package Fixed Loan
1.99%
3.1%
$0
$0 p.a.
80%
$554.81
Get a low fixed rate package with no application or settlement fee, that's available with a 20% deposit. Other fees and charges apply.
AMP Bank Professional Package Variable Rate Home Loan
2.79%
3.2%
$0
$349 p.a.
80%
$616.64
AMP Bank Essential Home Loan
2.77%
2.8%
$0
$0 p.a.
80%
$615.05
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AMP lender profile

  • The Australian Mutual Provident Society (AMP) was founded in 1849.
  • AMP offers home loans, superannuation, insurance products and other financial products.
  • AMP offers multiple package loans with options for home buyers and investors.

AMP mortgage features

AMP has a range of mortgages that are aimed towards different segments of the market. The lender has package home loans and also offers land loans.

FeatureDetails
Deposit sizeYou can borrow up to 90% with most AMP mortgages.
Offset accountSome AMP mortgages come with a 100% offset account, depending on the product and your borrowing situation.
Redraw facilityThe AMP Essential home loan comes with a redraw facility but most other loans do not.
Package offerThe AMP Professional Package loan comes with fee waivers and lets you combine your loan with an AMP transaction account.

How do I apply for an AMP mortgage?

You can learn more about a specific AMP mortgage by clicking through to that product's review page. Clicking the "Enquire Now" button will let you enter your details and start the process of talking to an AMP lending specialist.

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:

  • Identification documents. You will need identification such as a driver's license, 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 (savings accounts, investments) and liabilities (your outstanding debt).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

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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