All home loan products
Our home loans offer the power of choice with flexible features and offsets. Whatever wealthy your customers want, we've got a home loan that's right for them.
Professional Package
The Professional Package offers customers the option to select and package together a combination of variable and fixed rate loans, line of credit or construction, plus numerous additional benefits.
Target Market
Customers who are looking for a packaged home loan offering flexibility, long term interest rate discounts and additional benefits.
Products available
- Variable Rate Loan
- 1, 2, 3 & 5 Year Fixed Rate Loan
- Construction
- Line of Credit
Key features
- 1, 2, 3 and 5 Year Fixed Rate Loans also available with variable rate discounts applying after the fixed rate period.
- Unlimited access1 (on variable rate loans and lines of credit) to:
- ATM and eftpos with your Access Card (with Australian ATM fees rebated).
- Internet banking, Mobile banking, and BankPhone.
- Pay your bills with BPay.
- Bank@Post availability with your Access Card.
- Flexibility to vary your loan with no variation fee payable.
- Up to $10,000 in additional repayments per 12-month period can be made on the fixed rate loans without penalty.
- 100% offset account with variable rate loans.
Fees
- No Settlement fee
- No monthly account management fee
- Annual Package fee of $349
- Solicitors fee of $295
- No variation fees
Note: Additional fees may apply for loans with multiple security properties
1 Bank Assist (staff-assisted) redraw is subject to conditions, fees and charges. Other ATM providers fees may apply to ATM transactions. Fees also apply for international transactions and special services.
Important information
Information is correct as at 31 May 2019 and subject to change without notice. Fees and charges are payable. Terms, conditions and restrictions apply and are available upon request. Approval is subject to AMP Bank guidelines.
AMP Essential Home Loan
A competitively-priced variable rate home loan, suited to customers that don't need a loan with a long list of features but still want the essentials including the ability to make extra repayments and access to redraw.
Target Market
Customers who are looking for a simple, low cost loan.
Key features
- Competitive interest rate.
- Fee-free unlimited access (excluding BPAY) to
- Internet banking
- Mobile banking
- BankPhone
- No ongoing monthly account management fees.
- Split loan available with up to 10 AMP Essential Home Loans.
- Available to personal customers only.
- Principal and Interest payments only.
- Single residential security property - owner occupied or investment.
Fees
- Settlement fee is not applicable for AMP Essential Home Loan
- No monthly Account management fees
- Solicitors fee $295
Important information
Information is correct as at 31 May 2019 and subject to change without notice. Fees and charges are payable. Terms, conditions and restrictions apply and are available upon request. Approval is subject to AMP Bank guidelines.
Basic Package
The Basic Package is a low-cost home loan package without all the extra features. It offers customers the option of combining fixed and variable rate loans at a competitive rate of interest.
Target Market
This package will appeal to customers who want a simple, low cost loan. It can combine fixed rate with variable rate and can include a 100% mortgage offset1 against the variable split.
1 $6 per month Account Management Fee payable on the Offset Deposit Account when linked to a Basic Variable Rate Loan and a Basic Variable Rate Loan during Construction.
Products available
- Basic Variable Rate Loan
- Basic 1, 2, 3 & 5 Year Fixed Rate Loan
- Construction
Key features
- Competitive interest rates.
- Choice of variable and fixed rates (1, 2, 3 and 5 years).
- Fee-free1 unlimited access (on variable rate loans and lines of credit) to:
- Internet banking
- Mobile banking
- BankPhone (each excludes BPAY)
- Up to $10,000 in additional repayments per 12 month period can be made on the fixed rate loans without penalty.
- 100% offset accounts with variable rate loans.
1 Bank Assist (staff-assisted) redraw is subject to conditions, fees and charges.
Fees
- Settlement fee of $349
- Solicitors fee of $295
- Construction monthly account fee of $20/month
- No annual package fee
Important information
Information is correct as at 1 October 2021 and subject to change without notice. Fees and charges are payable. Terms, conditions and restrictions apply and are available upon request. Approval is subject to AMP Bank guidelines.
Construction Loan
Construction loans are available through our Professional and Basic Package products for customers who require funds to build or renovate a property.
These can be used for constructing a residential dwelling on vacant land, making structural renovations on an existing property or to purchase vacant land when the intent is to complete construction within 12 months.
Target Market
Customers who require finance to assist with:
- Building a home.
- Buying land to build a home on.
- Building on land they already own.
- Renovating an existing home.
Products available
You can request a construction loan during an application for either of these AMP products;
Key features
- Choose your roll to product upfront.
- 100% offset during construction.
- Repayments are monthly during the construction period - interest only and on the amount drawn.
- Informational access via:
- Internet banking
- Mobile banking
- BankPhone
- Unlimited additional repayments allowed.
- Borrow up to 90% LVR + LMI (90% LVR including LMI if investment).
- Construction period of up to 12 months.
Fees
- Basic variable rate loan with Construction:
- No Annual fee
- No progress payment fees.
- Settlement fee of $349 (currently waived).
- Monthly account management fees of $20.
- $6 per month offset fee.
- Professional Package variable rate loan with Construction:
- No settlement fee.
- No offset fee.
- No progress payment fees.
- Annual package fee of $349.
- Note: Additional fees may apply.
This form is required to authorise AMP Bank to process the progress payment request to your customer's builder. Note: The form needs to be emailed to loan_servicing_enquiries@amp.com.au
Important information
The credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517. Approval is subject to AMP Bank guidelines.
Information is correct as at 1 October 2021 and is subject to change without notice. Terms and conditions apply and are available at amp.com.au/bankterms or by calling 13 30 30. Fees and charges are payable.
This information is general in nature only. It doesn’t consider your customer's personal goals, financial situation or needs. It’s important that your customer
consider their particular circumstances and read the relevant terms and conditions before deciding what’s right for them.
Land Loan
Land Loans are available for customers who require funds to buy vacant land if they have plans to build a home sometime in the future.
Construction loans are also available when the customer is ready to build on the land.
Target Market
Customers who require finance to assist with buying land to build a home on sometime in the future.
Key features:
- Flexible repayment frequency.
- Fee-free unlimited view only access to:
- Internet banking
- Mobile banking
- BankPhone
- No ongoing monthly account management fees.
- Unlimited additional repayments allowed.
Fees
- Settlement fee $349
- No monthly Account management fees
- No Annual fee
- Solicitors fee $295
Note: Additional fees may apply for loans with multiple security properties.
Important information
Information is correct as at 31 May 2019 and subject to change without notice. Fees and charges are payable. Terms, conditions and restrictions apply and are available upon request. Approval is subject to AMP Bank guidelines.
Select Package
The Select Package is a special home loan offer available to AMP shareholders and members of certain AMP corporate superannuation plans.
Target Market
AMP corporate superannuation members
Members of AMP's SignatureSuper, CustomSuper or SuperLeader corporate superannuation plans are eligible to apply for the Select Package. Members must provide confirmation of their superannuation plan membership with the loan application.
AMP shareholders
AMP shareholders who hold a minimum of 500 shares in their personal names may be eligible to apply for a Select Package. Confirmation of their shareholding is to be provided with the loan application.
Products available
- Select Variable Rate Loan.
- Select Line of Credit.
- Select 1,2,3 & 5 Year Fixed Rate Loan.
Key features
- Unlimited access1 (on variable rate loans and lines of credit) to:
- ATM and eftpos with your Access Card.
- Internet banking, Mobile banking, and BankPhone.
- Pay your bills with BPay.
- Bank@Post availablitiy with your Access Card.
- Flexibility to vary loan sub-limits at no charge under the Master Limit option2.
- Up to $10,000 in additional repayments per 12 month period can be made on the fixed rate loans without penalty.
- 100% offset accounts with variable rate loans.
1 Bank Assist (staff-assisted) redraw is subject to conditions, fees and charges. Other ATM providers fees may apply to ATM transactions. Fees also apply for international transactions and special services.
2 Total of loan sub accounts limits after variations must remain within approved Master Limit set at settlement. If Master Limit is not approved at the time of original application, a $399 variation fee also applies.
Fees
- Establishment fee $350 waived for all applications with an LVR of 90% or below.
- Settlement fee $350 waived for AMP Corporate Superannuation members.
- No Monthly Account Management fees.
- Loan Split fees waived up to 10 splits.
- Annual Package fee $349 waived for AMP Corporate Superannuation members.
- Solicitors fee $295.
Note: Additional fees may apply for loans with multiple security properties.
Important information
Information is correct as at 31 May 2019 and subject to change without notice. Fees and charges are payable. Terms, conditions and restrictions apply and are available upon request. Approval is subject to AMP Bank guidelines.
Have unanswered questions?
What is a line of credit?
A line of credit is a home loan which allows you to draw funds as you need them up to an approved credit limit. Line of credit home loans are also known as revolving line of credit or equity line of credit loans.
Why would you use a line of credit?
One of the main reasons to use a line of credit is because it is flexible, your money is at call and you only pay interest on the portion of the loan you've used.
What should I be mindful of?
Generally, a line of credit is more expensive than other home loans, so, if you feel this type of home loan is for you, you might consider having a line of credit for a proportion of your home loan rather than the whole amount.
You also need to be disciplined with a line of credit because you can use it to pay for other purchases (such as holidays, everyday living expenses etc) which means you could end up paying interest to fund your lifestyle for many years to come.
Contact your Business Development Manager
For any questions you have on AMP’s products and policies, the BDM assigned to your company is keen to take your call. If you’re unsure who your BDM is, head to our Contact us page.
Important information
All information on this website is subject to change without notice. It's important your customers consider their particular circumstances and read the relevant Product Disclosure Statement and Target Market Determination or Terms and Conditions before deciding what's right for them.
A target market determination for these products is available at distributor.amp.com.au/tmd
This information hasn't taken their circumstances into account. The credit provider and product issuer is AMP Bank Limited ABN 15 081 596 009, AFSL No 234517, Australian credit licence 234517.