Based on your feedback, we’ve made changes to how we capture interest expense for negative gearing in the Serviceability calculator, particularly how calculation of interest expense benefits were treated and calculated.
We’re pleased to advise these discrepancies will be resolved between 25 - 27 March 2024.
What has changed:
Benefits for you and your customers?
This means the following can now be captured and calculated correctly in ApplyOnline®:
- Interest tax deduction for investment loan applications using owner occupy security
- Capturing ownership of home loans for negative gearing purposes, and
- Recording rental income for owner occupied properties (e.g. granny flats)
ApplyOnline®
We use the NextGen.Net® ApplyOnline® electronic lodgement solution for online mortgage application submission. This provides upfront serviceability and applications for new loans and increases with:
- clarity of requirements with data validation driven by AMP Bank rules/policy
- an integrated serviceability calculator with data transfer to application
- dynamic application and supporting document checklists (tailored to loan profile)
- supporting document uploads and online submissions
Refer to the User guides and video tutorials for assistance with how to use the AMP Bank ApplyOnline® system.
User guides
Copies of user guides are also available (in the Forms & Documents tab under User guides) in the ApplyOnine® tool.
I would like to know:
How to structure and submit a Variation application | User Guide - Variation application |
Making mandatory self-verification easy for you | |
What is electronic signing | eSignature FAQs |
How to capture offset requirements in ApplyOnline® | Video tutorial |
How to use eSignature with ApplyOnline® | eSignature - Originator ApplyOnline® user guide |
Download our User Guide for viewing AMP Bank loan documents - docuPREP
Video tutorials
Supporting documents
Access Seeker Credit Report
NextGen ID
Application Centre Loan Processing and Workflow
Document verification
Contact your Business Development Manager
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.