AMP Home Loans
Learning More About AMP
With a history and a reputation spanning over 150 years, AMP, began as The Australian Mutual Provident Society in 1849. Many of its early customers were gold prospectors and bushrangers. While they came to AMP primarily to financial management service in the form of life insurance, the company has grown many times over, adapting to the Australian’s changing financial environment.
Today, AMP offers a range of financial services including home loan financing. The company prides itself for offering real alternatives to the larger banks in terms of home loans. Plus, they boast competitively low interest rates, as well as features such as reduced fees or no fees both which provide more inclusivity.
Compare these loans with 205 other products
| Lender | Product | Rate | Min deposit | 100% offset | Redraw | Extra Repay | Constr- uction | Enquire |
 | AMP Fixed 2 Year | 5.99% | 10% |  | ||||
| AMP Fixed 3 Year | 5.99% | 10% | | ||||
| AMP Fixed 1 Year | 6.09% | 10% | | ||||
| AMP Professional Package Introductory Rate | 6.32% | 10% | | | | ||
| AMP Professional Package Variable Rate | 6.47% | 10% | | | | ||
| AMP Basic Package | 6.52% | 10% | | | | ||
| AMP Professional Package Line of Credit | 6.67% | 10% | | | |||
| AMP Fixed 5 Year | 6.69% | 10% | |
AMP designs their home loan products in a way that allows some customisation so you can build the right loan for your situation. You can choose features from range of loan types. Some of them may be preferable to those with tighter budget constraints. All of them offer a degree of flexibility and features that are attractive prospective borrowers.
At AMP you will be able to pick from basic variable loans, land loans, construction loans, and low doc loans. More specifically, you can choose from the following types of loans. There are also four types of fixed rate loans including 1-year, 2-year, 3-year, and 5-year. Three kinds of Professional Package loans let you choose from introductory rate, line of credit, and variable rate options.
Home loan customisation is major part of AMP’s approach. Borrowers can add the features of comprehensive packages based on how you plan to use it. You can get a discounted introductory interest rate, make use of the master limit, or take advantage of one of the professional packages mentioned above.
Additionally, AMP provides borrowers with a very specific loan facility that allows them to tailor a loan account that includes aspects of the AMP’s variable rate loan, the fixed rate loan, and the line of credit. The AMP Classic Club makes this possible while also offering a linked transaction account and a credit card as well.
As you can see, there are plenty of options within AMP’s line of home loan products for you consider when hunting for the right home financing.
