AMP Home Loans

AMP is a provider of home loans, superannuation, investment products, and life insurance.

“The bank Australia deserves.” (AMP)

Loan Options: What AMP home loans offer

Here’s a snapshot of AMP variable home loans currently on offer for a loan amount of $600,000 in NSW. Please note that this table is formulated based on paying both principal and interest and results are sorted by our star rating (highest to lowest). To compare other home loans, please click here.

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The inclusions below represent a selection of the features available with a standard variable rate home loan for an owner occupier. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about products on offer from this provider. Please ensure that you read the product disclosure statement (PDS) to determine all the current loan terms and conditions for the product you are considering.

AMP variable home loan features

  • Offset facility available
  • Redraw facility available
  • Split facility available (up to 10 sub-account split, fees apply)
  • Additional repayments allowed
  • Repayments may be made weekly, fortnightly, or monthly
  • Easy online loan management with the My AMP mobile app for Apple or Android

What type of home loans does AMP offer?

At the time of writing, Brand offers the following types of home loans:

  • Variable rate home loan
  • Fixed rate home loan
  • Split rate home loan
  • Package home loan
  • Line of credit home loan
  • Land loan
  • Construction home loan
  • Offset home loan
  • SMSF home loan

Find out about how different types of home loans work here.

See our comparison tables for details of AMP home loans:

Compare Home Loans with Canstar

How to apply for a AMP home loan

You can begin the process of applying for an AMP home loan by comparing home loans on the Canstar website and then calling AMP on 1300 783 631 (open Mon-Fri) or requesting a call back. You can also download an application form online.

Follow our applying for a home loan checklist, and use the Canstar website to compare AMP home loans with other home loans before choosing a product that suits your needs:

Compare Home Loans with Canstar

AMP home loans FAQs

Yes, AMP allows you to make additional repayments on their home loan products. You can make additional repayments without penalty fees on their variable rate loans; however, a penalty fee will apply if you make more than the maximum $10,000/year in extra repayments on their fixed rate home loans. Terms and conditions apply; contact your lender for details.

Find out how making extra repayments could save money in interest over the life of your loan in this article or use our Extra Repayments Calculator for yourself:

Home Loans Extra Repayments Calculator - Canstar

Source: AMP

Yes, AMP allows you to redraw funds from your variable interest rate home loans if you have made more than the minimum repayments. Only the additional funds paid will be available for redraw. Fees and charges may apply to use of a redraw facility; contact your lender for details or learn more about redraw facilities here.

AMP allows you to make payments via internet banking, phone banking, mobile banking, or BPAY.

If you’re in the market for a home loan, compare your home loan options with Canstar:

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AMP was founded in 1849 as the Australian Mutual Provident Society, with the aim that every individual customer should have the power to control their own life. AMP helped finance the construction of the foundation of Australia and New Zealand, including Australia’s first skyscraper, as well as roads, airports, and other infrastructure.

When it comes to helping Australians buy homes, AMP’s 2016 Community Report reported that AMP had helped more than 46,000 Australians buy a home through their home loan products.

Through the AMP Cancer Council Pro Bono program, AMP financial advisers provide free financial advice to for people affected by cancer regarding access to superannuation, insurance, budgeting, and planning for their family’s future. In 2016, AMP advisers provided pro bono financial advice to 775 people affected by cancer.

AMP also supports the community through their AMP Foundation, which was established in 1992 and donated $5.2 million to 211 non-profit charity and community organisations in 2016. One initiative, the AMP Tomorrow Fund, helps passionate and talented Aussies and Kiwis achieve their dreams with Tomorrow Maker grants.

AMP now employs more than 5,400 employees around the world and more than 3,500 financial advisers in Australia and New Zealand. When it comes to gender equality among those employees, 40% of both their board and senior executive positions are filled by women, which beats the national average of 37.4% from the 2016 Workplace Gender Equality Scorecard.

To protect our environment, AMP became carbon neutral in 2013 and continues to reduce their greenhouse gas emissions, with 2016 seeing them record a 25% reduction in emissions since 2013. They also support environmental initiatives such as Earth Hour and Sydney’s CitySwitch.

Source: AMP

Compare Home Loans

Showing products in Canstar’s database with links to lenders’ websites. The display is sorted by the advertised interest rate (lowest to highest), then provider name (alphabetically).

Source: Canstar. Based on residential variable home loans available for a loan amount of $350,000 at 80% LVR, and available for Principal and Interest repayments. 
*Comparison rate based on loan amount of $150,000. Read the Comparison Rate Warning.

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Affinity Package Classic Variable P+I 500-749k

Canstar Research
Rating:
Award: 2017 Home Loans - Refinancer 500k+

Affinity Package Classic Variable P+I 500-749k

Select Package Classic Variable P+I 500-749k

View the 2017 Home Loans Star Ratings Report

Written by: James Hurwood | Last updated: June 30, 2017