AMP Bank Home Loan Interest Rates, Calculator & Reviews - Best Find

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Deposit percentage

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Amp Bank Home Loans

Classic Fixed Investment Loan - Interest Only - 2 Years

AMP Bank's Classic Fixed Investment Loan - Interest Only - 2 Years offers a low rate Fixed - 2 years home loan with rates from 6.10%

Home Loan Overview

Maximum LVR 70%

Maximum insured LVR 70%

Minimum loan amount$40,000

Maximum loan amount$2,000,000

Minimum loan term 10 years

Maximum loan term 30 years

Interest rate type Fixed - 2 years

Advertised rate5.17%

Comparison rate6.10%

Repayments & Redraws

Monthly repayments (approx)$1,491

Total repayments (approx)$447,516

Total interest (approx)$697,516

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility No

Extra repayments allowed? TBA

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $350

Legal fee $295

Valuation fee $0

Settlement fee $250

Discharge fee $100

Regular or monthly fee $10 monthly

Loan Availability

InvestmentYes

First home buyersNo

Owner occupierNo

RefinanceNo

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

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Basic Fixed Rate Home Loan - Interest Only - 1 Year

AMP Bank's Basic Fixed Rate Home Loan - Interest Only - 1 Year offers a low rate Fixed - 1 year home loan with rates from 4.05%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$40,000

Maximum loan amount$2,000,000

Minimum loan term 10 years

Maximum loan term 30 years

Interest rate type Fixed - 1 year

Advertised rate4.35%

Comparison rate4.05%

Repayments & Redraws

Monthly repayments (approx)$1,373

Total repayments (approx)$411,984

Total interest (approx)$661,984

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility No

Extra repayments allowed? TBA

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $350

Legal fee $295

Valuation fee $0

Settlement fee $250

Discharge fee $100

Regular or monthly fee

Loan Availability

InvestmentNo

First home buyersNo

Owner occupierYes

RefinanceNo

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

Hide info ˄

Basic Fixed Rate Home Loan - 1 Year

AMP Bank's Basic Fixed Rate Home Loan - 1 Year offers a low rate Fixed - 1 year home loan with rates from 4.05%

Home Loan Overview

Maximum LVR 90%

Maximum insured LVR 90%

Minimum loan amount$40,000

Maximum loan amount$2,000,000

Minimum loan term 10 years

Maximum loan term 30 years

Interest rate type Fixed - 1 year

Advertised rate4.35%

Comparison rate4.05%

Repayments & Redraws

Monthly repayments (approx)$1,371

Total repayments (approx)$411,411

Total interest (approx)$661,411

Redraw facility Yes

Redraw fee $0

Minimum redraw amount TBA

Offset facility No

Extra repayments allowed? TBA

Extra repayment fees TBA

Extra repayments restrictions TBA

Repayments weekly Yes

Repayments biweekly Yes

Repayments monthly Yes

Home Loan Fees

Application fee $0

Legal fee $295

Valuation fee $0

Settlement fee $250

Discharge fee $100

Regular or monthly fee

Loan Availability

InvestmentNo

First home buyersYes

Owner occupierYes

RefinanceYes

Line of creditNo

Self-managed superNo

State availabilityNSW, VIC, SA, WA, QLD, ACT, NT, TAS

Other

SponsoredNo

Data accurate as of20/04/2017

Comparison warning Monthly repayments, total repayment amount and comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.

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Compare 100s of home loans

Did you know you can compare 100s of mortgages? Review, calculate interest rate repayments, apply online and save by visiting our main home loans comparison page.

Compare and review AMP Bank home loans

Looking to finance a new home? When comparing AMP Bank home loans, there are other key facts to consider and understand, other than just AMP Bank’s interest rates.

What home loan options does AMP Bank offer?

AMP Bank has 3 home loan products:

  • AMP Bank Classic Fixed Investment Loan – Interest Only – 2 years
  • AMP Bank Basic Fixed Rate Home Loan – Interest Only – 1 year
  • AMP Bank Basic Fixed Rate Home Loan – 1 year

View the above table for detailed product information and a comparison of the interest rates, fees and features.

Do you have an AMP Bank home loans calculator?

Yes. Use the filter to adjust your loan amount and term to calculate your approximate monthly repayments. When you apply the filter, you will see a breakdown of your approximate monthly repayments as well as the total amount of interest and fees paid.

For a more accurate quote, contact AMP Bank directly.

How to apply for an AMP Bank home loan?

If you’d like to apply online for an AMP Bank home loan, just scroll up and click on “Learn more” to be taken to AMP Bank’s secure online application form. Before you apply, be sure to learn about AMP Bank’s loan products, fees and eligibility criteria. Give yourself around 30-60 minutes to complete the home loan application.

AMP Bank’s home loan eligibility criteria

Before you apply for a home loan, be sure to understand and meet the AMP Bank’s lending criteria. Below is high-level overview of AMP Bank’s criteria:

AMP Bank’s minimum requirements for a home loan

  • Minimum age of 18
  • You have a decent credit history
  • You’re a permanent Australian resident or valid work visa holder (457 or other diplomatic visas)
  • Regular source of income
  • A sufficient deposit

Financial Information you’ll need to provide

Whether at the AMP Bank branch or online, you will need to show your finances in order for the bank to establish your home loan borrowing capacity:

  • Proof of income, at least 3 months of payslips and/or rental income (if applicable)
  • Tax returns not older than 18 months and an ATO Notice of assessment Personal
  • Proof of ID (Driver License or ID card) passport, contact information and address
  • A list of your expenses, assets and liabilities (such as other loans or credit cards)
  • Any equity or deposit or existing property you already own to support and secure your loan

Have rental income?

If you also have rental income, please provide one of the following:

  • A formal signed lease (either current or new)
  • Most recent rental statement
  • Rental credits to your account for the past 3 months

If you’re self-employed, you will also need to provide:

  • Financial statements for the last year (no older than 18 months)
  • Your most recent personal/business tax return (no older than 18 months)

Other things to keeping mind when applying

  • Approval time can take up to two weeks.
  • It’s advantageous to have a good credit history. For example, you have no recent defaults and no frequent requests for credit
  • Credit cards with large credit limits are viewed as liabilities, even if there’s nothing owing. If you have existing liabilities, be certain you can pay them off and close unnecessary credit cards

There are many additional factors AMP Bank consider when accessing your application, but the above are the most important. If you feel like you may not meet their eligibility criteria, it may be best to save a little while longer!

Additional AMP Bank home loan information

AMP Bank’s minimum and maximum home loan amounts and terms

How much can you borrow? Between $40,000 and $2,000,000, over terms between 10 years and 30 years. Use our filter as a repayment calculator to see your estimated monthly repayments and rates.

Repayment schedule

AMP Bank allow weekly, fortnightly or monthly repayment.

Extra repayment or early penalties

AMP Bank allows you to make additional or early repayments. There are fees associated with completely repaying your loan off early. View their terms and conditions to learn more about early termination.

Refinancing

If you want to refinance your home loan and you’re not with AMP Bank, you will need to provide:

  • Mortgage statements for the last 3 months
  • A current payout quote for any loans you plan to refinance, including all current fees and charges and any early repayment costs or exit fees

Details about your property purchase or construction

You’ll need to provide AMP Bank with some information about the property you’re buying or building. This may be required before AMP Bank can finalise your mortgage offer.

If you’re buying:

  • Signed Contract of Sale
  • Copy of Transfer of Land
  • Proof of Property Insurance

If you’re building:

  • Council approved building plans, specifications or Building Permit
  • Fixed Price Builders Contract

Insurance documents

Please bring any documents that can provide information about your current insurance policies, including:

  • Home and contents insurance
  • Investment property insurance
  • Income protection
  • Life insurance
  • Total and permanent disablement cover
  • Trauma cover