Land Loan

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 8.15%, Comparison Rate 8.09%
• Repayment Type: Interest Only
• Loan Purpose: Owner Occupied

• Lending Rate Type: Variable
• Interest Rate: 6.94%, Comparison Rate 6.99%
• Repayment Type: Principal And Interest
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 7.14%, Comparison Rate 7.08%
• Repayment Type: Interest Only
• Loan Purpose: Investment

 Product Features

• Redraw Additional Information: Redraw applies to AMP Bank variable rate home loans only. You can access extra funds you’ve deposited at any time, with no withdrawal fees when using online banking, the AMP app, BankPhone or BankAssist. Minimum amounts and daily limits may apply.

• Digital Banking Additional Information: Customers can access and manage their home loan online via My AMP, our secure digital banking platform, offering features for easy account monitoring and transactions.

• Extra Repayments Additional Information: AMP home loans allow for flexible additional repayments to reduce interest and pay off loans faster. Variable rate loans allow unlimited extra repayments, while fixed-rate loans often limit these to $10,000 per 12-month period. Please refer to Loan Conditions and Credit guide for more information on the consequences of repaying your Fixed Rate Loan early

• Fraud Protection Additional Information: AMP home loans are protected by secure login, encryption, transaction monitoring, and customer alerts to help prevent and detect fraud. Support is available for customers in the event of suspected unauthorised activity.

 Product Eligibility

• Residency Status - Citizen Or Permanent Resident. Additional Information: Individual borrowers must be Permanent residents or citizens of Australia, All new to bank customers must be living and working in Australia

• Min Age - 18. Additional Information: Eligible customers must be at least 18 years of age

 Bank Fees and Charges

• Settlement Fee (Upfront), Amount: 349.00. Additional Information: Payable to cover processing and administration costs for settlement of your loan. Not applicable for Professional Package, AMP Essential Home Loan and AMP First Home Loan. Refer to AMP Bank's fees and charges guides for information relevant to your product

• Multiple Security Fee (Upfront), Amount: 250.00. Additional Information: Per security. Payable for each additional security offered at loan establishment. Fee is not refundable.

• Valuation Fee (Event), Amount: Not Listed.. Additional Information: Payable when valuation costs associated with a loan application or variation exceed $550. If applicable, we will advise you of any excess valuation costs payable prior to the valuation.

• Rework Fee (Event), Amount: 249.00. Additional Information: Payable when a loan agreement or variation to loan agreement is re-issued due to changes requested by either you or the introducer.

• Amp Internal Refinance Fee (Upfront), Amount: 299.00. Additional Information: Payable on settlement. Payable on settlement where you had an AMP Bank loan immediately before establishment of this loan and that loan was refinanced or otherwise replaced with this loan, either in part or in whole.

• Variation Fee (Event), Amount: 299.00. Additional Information: Plus any solicitor's or mortgage processing costs, valuation costs if applicable and any government fees which may vary from state to state. Payable when we agree to vary your loan or any security - not payable for ProPack or AMP First loans. Switching to a variable rate or another fixed rate at the end of a fixed rate period is free. Switching your repayment type from interest only to principal and interest is free.

• Discharge Fee (Exit), Amount: 390.00. Additional Information: Payable when we are requested to discharge all securities. Customers also pay the actual solicitors' or mortgage processing servicers' costs, which include,for example, search fees and postage, valuation costs if applicable and any applicable Government fees, which may vary from state to state.

• Verification Of Identity By Australia Post (Event), Amount: Not Listed.. Additional Information: Payable when you obtain a Verification of Identity service from an Australia Post office.

• Payment Dishonour Fees (Dishonour), Amount: Not Listed.. Additional Information: You may be charged a fee by an external bank or financial institution for a transaction relating to your loan (eg. if a payment to your loan made from another bank is dishonoured, the other bank may charge you a fee).

• Solicitors And Mortgage Processing Servicers' Cost (Upfront), Amount: 295.00. Additional Information: Whenever a new loan agreement is established and we instruct our solicitors or mortgage processing servicers' to act on our behalf in connection with this agreement or a security.

• Solicitors' And Mortgage Processing Servicers' Incidental Costs (Event), Amount: 82.50. Additional Information: Per security property. Whenever a variation to an existing loan agreement is made and we instruct our solicitors or mortgage processing servicers to act on our behalf in connection with the security property(s).

• Solicitor Or Mortgage Processing Servicer Non-standard Additional Costs (Event), Amount: Not Listed.. Additional Information: Non-standard additional costs that may be payable, including courier costs, telegraphic transfer costs, cost to arrange settlement in a remote area and costs for urgent preparation of documents and/or urgent settlement.

• International Atm Cash Withdrawal Fee (Withdrawal), Amount: 4.50. Additional Information: When you withdraw from your account at any international ATM

• Currency Conversion Fee (Transaction), Amount: Not Listed.. Additional Information: When you use your AMP Visa Debit card to make a purchase overseas or withdraw from an ATM overseas in a foreign currency and the transaction is converted to Australian dollars

• Emergency Replacement Amp Visa Debit Card Fee (Replacement), Amount: 15.00. Additional Information: When you request urgent delivery of a replacement access card

• Telegraphic Transfer Fee - Deposits (Deposit), Amount: 30.00. Additional Information: When funds are transferred to youraccount (by SWIFTor telegraphic transfer) from a bank in Australia or overseas (in Australian dollars).

• Telegraphic Transfer Fee - Withdrawals (Withdrawal), Amount: 30.00. Additional Information: When you request us to transfer funds from your account (by SWIFT) to a bank in Australia (in Australian dollars). When you request us to transfer fundsfrom your account (by telegraphic transfer) to an overseas bank (in Australian dollars or a foreign currency).

• Transaction Trace Fee (Event), Amount: 20.00. Additional Information: When you request us to investigate and trace a transaction

• Visa Dispute Fee (Event), Amount: 25.00. Additional Information: When you dispute a Visa transaction and we do not find in your favour

• Audit Certificate Fee (Event), Amount: 25.00. Additional Information: When you or an auditor request an audit certificate for your account

• $0 Land Loan Account Management Fee (Periodic), Amount: 0.00. Additional Information: This fee is waived for this package type

 Limitations & Restrictions (Constraints)

• Min Limit of 40000 Additional Information: Minimum lending amount for new home loans is $40,000

• Other of Additional Information: The loan term ranges from a minimum of 10 years to a maximum of 30 years

 Document Downloads

  308006-home-loan-fees-and-charges-guide.pdf (184 K)
  ns4174-loan-conditions.pdf (588 K)