Rating based on 33 reviews

AMP Bank

  • Home loans up to $540,000
  • Low-interest starting from 3.49%
  • Repayment up to 30 years

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Author AMP Bank. Screenshot of AMP Bank website.
[Accessed May 3, 2023]

AMP Bank – Own your own home

They were rooted almost 170 years ago in a humble yet very brave idea: they believed that every individual should not only have the ability but the power to control their lives. They called it owning a better tomorrow.

They were born in Australia and their reach now spans around the globe with operations in 11 countries, they offer advice to clients in Asia, Europe, the Middle East, North America and the United Kingdom using their expertise in property finance and investments.

Assisting you to manage your finances

They have 170 years of experience in assisting clients to manage their finances and achieving their goals.

Their wealth management establishment offers solutions and services across financial advice such as banking, investment management, self-managed retirement funds, retirement income, life insurance, and investing. Assisting individuals and businesses recognising and reaching their goals is at the heart of what they do, they offer their assistance to clients to discover, mould, track and recognise their goals.

Simple home loan applications

AMP Bank is best known for retirement, life insurance, personal loans, investments and last but not least advice, nonetheless, their retail banking is growing rapidly in Australia as well as internationally with strong partnerships in China and Japan plus investments around the globe.

Easy to understand home loans

Investment management business with over 480 clients in Australia and New Zealand, and over 290 international clients in areas including Hong Kong, China, Japan, the UK, Europe, the Middle East and the US. They have over 3.8 million clients in Australia and New Zealand and approximately 750,000 shareholders.

AMP Bank has a great range of easy-to-understand home loans that are of great value, it will give you the flexibility to decipher what is right for you.

It makes no difference if you are a first-time home buyer or just want a basic package or perhaps a tailored loan with extra features for renovations or investment. They have a loan that will suit you.

AMP Bank – Home loan

  • Loan Type Home loans
  • Interest Rate 3.496.30% p/a
  • Loan Amount up to $540,000
  • Repayment 5 years to 30 years

Benefits of AMP Bank

  • Choose your loan terms and rates
  • Fixed monthly repayments
  • You can get pre-approved for a home loan

AMP Bank – Making your dream home a reality

Make a head start with a home loan that will be suitable for your needs.

So now that you have thought about taking the plunge and you’ve done your research, saved up for a down payment or perhaps calculated the equity in your existing home, have done your homework on locations and homes that look pleasing and of good value, what will be the next step?

Look at today’s markets and get to know what kinds of home loans are offered, make sure you take the time to match the loan according to your financial comfort level, and also the property you would like to purchase. Bearing in mind that it’s important to be ready as this is often a big step.

They partner with Australia’s leading blue-chip companies providing their employees with corporate retirement offerings, this means they partner with 55 000 Australian companies. They also provide their services to over 100 000 AMP Bank Customers, their investment management business looks after over 480 clients in Australia and New Zealand plus they have over 290 international clients in areas that include China, Japan, The Middle East, the UK, Hong Kong, New Zealand and the US.

The buying process

It doesn’t matter which stage you are in during the purchasing process, from planning to purchase your first home to purchasing an investment property. They have put together a few tips to assist you in getting it right.

  • Save on a regular basis for a contribution towards your deposit.
  • Do enquiries to find out if you are eligible for a First Home Buyers Grant, Stamp Duty concession or any other incentive in your state.
  • It’s advisable to work with real estate agents in your neighbourhoods.
  • Before purchasing the first home you see inspect several homes to match features and value.
  • Make a point of understanding home loans
  • Check the resident sales histories and search for properties in your chosen area.
  • Make sure the home loan that you submit a loan application for is the one that’s suitable for you.

Get an understanding of how much you can borrow.

It’s important that you think about how much you can manage to pay on repayments without disturbing your way of life, so keep this in mind when you start pursuing your home loan. Once you have bought your property, consider your repayments and what you can afford to settle your home loan sooner.

To give you a kick start, they have put together a few tips and tools, to assist you with your research and start the home-buying process on the right foot.

Some advice on paying off property sooner

Understanding precisely what you are paying and when you are paying for it, is the first step in taking control of your finances when it comes to your home loan because it’s easy to feel out of control at times and purchasing a home can be very stressful, but it doesn’t have to be that way.

Once you are comfortable and have come to know all the ins and outs of your home loan, you should be in a much better position to start finding ways to pay off your home loan sooner than expected. It is advised to keep all other forms of debt such as car loans, personal loans and credit card debt to a minimum. 

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AMP Bank is a trusted & reliable provider of home loans

In our review, AMP Bank adheres to the compliance criteria in accordance with the National Consumer Credit Protection Act 2009, where the granting the loan will not cause financial distress to the consumer.

✅ AMP Bank is a registered credit provider in Australia: ACL 234517

Customer Reviews & Testimonials

A reliable property finance broker who offers competitive interest rates and superb customer service.

Damon B
— Cairns —

A fantastic partner in purchasing a home of your own. Very supportive staff and affordable fees.

Bonnie H
— Townsville —

AMP Bank Contact

Physical Address

Postal Address

  • PO Box 300, Parramatta, New South Wales, 2124, Australia

Opening Hours

  • Monday 08:00 – 18:00
  • Tuesday 08:00 – 18:00
  • Wednesday 08:00 – 18:00
  • Thursday 08:00 – 18:00
  • Friday 08:00 – 18:00
  • Saturday – Closed
  • Sunday – Closed