AMP Bank home loan repayment calculator

Thinking about taking out a home loan with AMP Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how AMP Bank home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 1.88%

Total interest payable

$0

Total loan repayments

$0

Pros and cons

  • Flexible repayment and loan options available
  • Discounted rates on some loans
  • Specialised loans available
  • Moderately-low rates on most loans
  • Ongoing fees charged on some loans
  • Limited interest-only payments

AMP Bank home loans rates

Advertised Rate

2.29

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.32

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.49

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.52

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.59

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.62

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.69

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

2.71

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.05

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

2.73

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.18

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

2.74

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.34

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.76

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.49

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.76

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.99

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.76

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.59

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

2.77

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.74

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.77

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.08

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

2.78

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.54

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

2.78

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.59

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

2.78

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

1.98

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

2.79

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.79

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.82

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

1.88

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

2.84

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.09

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

2.84

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.79

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

2.88

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.99

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.89

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.59

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

2.90

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.69

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

2.90

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.89

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

2.92

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.49

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

2.97

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.95

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

3.00

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.18

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

3.06

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.59

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

3.06

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.49

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

3.08

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.49

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

3.09

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.08

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

3.12

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.60

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

3.13

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.99

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

3.15

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.50

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

3.16

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.79

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

3.16

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.69

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

3.26

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.86

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

3.27

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.40

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

3.28

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.49

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

3.28

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.19

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

3.29

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.27

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

3.30

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.29

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

3.31

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.30

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

3.34

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.44

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

3.34

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.89

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

3.36

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.34

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

3.37

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.09

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

3.41

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.99

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

3.48

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.99

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

3.49

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.39

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

3.49

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.12

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

3.52

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.33

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

3.56

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

4.35

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

3.57

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

4.35

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

3.63

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.60

% p.a

Fixed - 3 years

Total estimated upfront fees
$295
Comparison Rate*

3.68

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

2.50

% p.a

Fixed - 2 years

Total estimated upfront fees
$295
Comparison Rate*

3.76

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.29

% p.a

Fixed - 5 years

Total estimated upfront fees
$295
Comparison Rate*

3.77

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.53

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

3.92

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.19

% p.a

Fixed - 1 year

Total estimated upfront fees
$295
Comparison Rate*

3.94

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.61

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

4.00

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

4.59

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

4.62

% p.a

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.29

% p.a

Variable

Total estimated upfront fees
$699
Comparison Rate*

4.73

% p.a

Ongoing fee
$20 monthly
Go to site
More details
Advertised Rate

4.55

% p.a

Variable

Total estimated upfront fees
$295
Comparison Rate*

4.92

% p.a

Ongoing fee
$349 annually
Go to site
More details
Advertised Rate

3.29

% p.a

Variable

Total estimated upfront fees
$699
Comparison Rate*

5.34

% p.a

Ongoing fee
$20 monthly
Go to site
More details

AMP Bank customer service

Home loan customers can contact AMP by phone to discuss home loans, new customer enquiries, general banking enquiries, as well as superannuation, insurance and retirement queries. You can also contact the bank via email. Customers can also request an appointment through an affiliated network of financial advisers that can be found via the AMP website.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat

How to apply for AMP Bank home loans

There are several ways to apply for an AMP Bank home loan. You can download an application form from the AMP website and arrange an appointment with an AMP Bank home loan specialist. You can also apply by phone or request the bank contact you when convenient. 

Before applying for a home loan, consider how much you can afford to borrow and comfortably repay given your financial situation and income. 

You will also need to provide documentation when applying for a home loan, including (amongst others):

  • Identification.
  • Proof of employment, income and assets.
  • Information on current liabilities, debts and loans.
  • Details of other earnings and expenses.

Refinancers will also be required to provide home loan statements for the previous six months and their last three statements for all loans, accounts or cards being refinanced (if you plan to consolidate these other debts into your mortgage).

AMP Bank home loans review

As a large financial services company, AMP can offer Australians a variety of home loan options.

AMP Bank home loans are available with variable interest rates, or you can fix your interest for up to five years, or choose to split your rate. Options are available for owner occupiers and investors, as well as refinancers. Construction loans are also available for borrowers seeking to build or renovate a property.

AMP’s lowest home loan interest rates tend to be for owner occupiers paying principal and interest. Eligible corporate super members and AMP Limited shareholders may also be able to access special interest rate offers on AMP Bank home loans.

Many AMP Bank home loans have no upfront or ongoing fees. However, other fees and charges may apply on specific home loan offers, or when you use specific home loan features. 

Offset accounts are also available for selected AMP Bank home loans upon request, and may be applied for separately. Extra repayments and redraws are also available with AMP Bank home loans upon request.  

Learn more about home loans

How to apply for a pre-approval home loan from Bendigo Bank?

Applying for pre-approval on your home loan gives you confidence in your ability to secure finance while looking at potential new homes. You can get a free and personalised pre-approval home loan from Bendigo Bank in just a few minutes, without any credit checks or paperwork. 

Bendigo Bank offers pre-approval for home loans that allow you to understand the home loan size you may be able to get before looking for a new home. 

With the pre-approval, Bendigo Bank provides an estimate of your borrowing power. This figure incorporates stamp duty, lenders mortgage insurance (LMI) and any first home buyer incentives you may be eligible for. You may also qualify for the First Home Loan Deposit Scheme initiative, depending on your circumstances. 

To apply for a pre-approval on your home loan from Bendigo Bank, all you need to do is fill in a smart form. You could also contact the bank directly on 1300 236 344.

How can I apply for a first home buyers loan with Commonwealth Bank?

Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.

You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.

You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.

CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property.  The link to download this app is available on the same webpage.

If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.

How do I apply for a home improvement loan?

When you want to renovate your home, you may need to take out a loan to cover the costs. You could apply for a home improvement loan, which is a personal loan that you use to cover the costs of your home renovations. There is no difference between applying for this type of home improvement loan and applying for a standard personal loan. It would be best to check and compare the features, fees and details of the loan before applying. 

Besides taking out a home improvement loan, you could also:

  1. Use the equity in your house: Equity is the difference between your property’s value and the amount you still owe on your home loan. You may be able to access this equity by refinancing your home loan and then using it to finance your home improvement.  Speak with your lender or a mortgage broker about accessing your equity.
  2. Utilise the redraw facility of your home loan: Check whether the existing home loan has a redraw facility. A redraw facility allows you to access additional funds you’ve repaid into your home loan. Some lenders offer this on variable rate home loans but not on fixed. If this option is available to you, contact your lender to discuss how to access it.
  3. Apply for a construction loan: A construction loan is typically used when constructing a new property but can also be used as a home renovation loan. You may find that a construction loan is a suitable option as it enables you to draw funds as your renovation project progresses. You can compare construction home loans online or speak to a mortgage broker about taking out such a loan.
  4. Look into government grants: Check whether there are any government grants offered when you need the funds and whether you qualify. Initiatives like the HomeBuilder Grant were offered by the Federal Government for a limited period until April 2021. They could help fund your renovations either in full or just partially.  

What are the features of home loans for expats from Westpac?

If you’re an Australian citizen living and working abroad, you can borrow to buy a property in Australia. With a Westpac non-resident home loan, you can borrow up to 80 per cent of the property value to purchase a property whilst living overseas. The minimum loan amount for these loans is $25,000, with a maximum loan term of 30 years.

The interest rates and other fees for Westpac non-resident home loans are the same as regular home loans offered to borrowers living in Australia. You’ll have to submit proof of income, six-month bank statements, an employment letter, and your last two payslips. You may also be required to submit a copy of your passport and visa that shows you’re allowed to live and work abroad.

Why does Westpac charge an early termination fee for home loans?

The Westpac home loan early termination fee or break cost is applicable if you have a fixed rate home loan and repay part of or the whole outstanding amount before the fixed period ends. If you’re switching between products before the fixed period ends, you’ll pay a switching break cost and an administrative fee. 

The Westpac home loan early termination fee may not apply if you repay an amount below the prepayment threshold. The prepayment threshold is the amount Westpac allows you to repay during the fixed period outside your regular repayments.

Westpac charges this fee because when you take out a home loan, the bank borrows the funds with wholesale rates available to banks and lenders. Westpac will then work out your interest rate based on you making regular repayments for a fixed period. If you repay before this period ends, the lender may incur a loss if there is any change in the wholesale rate of interest.

How do I apply for Westpac’s first home buyer loan?

If you’re a first home buyer looking to apply for a home loan with Westpac, they offer an online home loan application. They suggest the application can be completed in about 20 minutes. Based on the information you provide, Westpac will advise you the amount you can borrow and the costs associated with any possible home loan. 

You can use Westpac’s online mortgage calculators to estimate your borrowing power. You can also work out the time it might take to save up for the deposit, and the size of your home loan repayments

When applying for a home loan with Westpac, you’re assigned a home finance manager who can address your concerns and provide information. The manager will also offer guidance on any government grants you may be eligible for. 

Can first home buyers apply for an ING home loan?

First home buyers can apply for an ING home loan, but first, they need to select the most suitable home loan product and calculate the initial deposit on their home loan. 

First-time buyers can also use ING’s online tool to estimate the amount they can borrow. ING offers home loan applicants a free property report to look up property value estimates. 

First home loan applicants struggling to understand the terms used may consider looking up ING’s first home buyer guide. Once the home buyer is ready to apply for the loan, they can complete an online application or call ING at 1800 100 258 during regular business hours.

How to apply for a home loan pre-approval from St. George?

By applying for a home loan pre-approval, you can establish how much you can afford to borrow and look for houses within that pre-approved budget. Getting home loan pre-approval from St. George is a fairly simple process that can be completed within 15 minutes. 

The first step in this process is completing a home loan application. Once that application is submitted, a home loan expert from St. George will contact you to understand your requirements and your current financial position. You could also directly contact a home loan expert at the bank by calling 13 33 30 or by visiting your nearest branch. 

Once the application has been processed, the home loan expert will ask for some basic documentation to confirm your borrowing capacity. After this, you should be issued a home loan pre-approval, subject to certain conditions. 

Based on your home loan pre-approval from St. George, you can then find a property and make an offer. Your home loan expert will arrange to have the property valued and may request for more documentation, taking your home loan application to the next step. 

 

 

What are the benefits of getting a pre-approved home loan from Citibank?

While hunting for your dream home, getting a Citibank home loan pre-approval can have multiple benefits, which include:

  • You'll have an idea on your personal price range, which can save time to find your home.
  • With a pre-approved home loan, you may find yourself with more financial control to better decide how much you can spend.
  • A Citibank pre-approved home loan is a commitment  by a lender that signals you're ready to jump into the property market.

You can apply for pre-approval by providing basic details, such as name, email, and phone number on the bank’s website. Alternatively, you can contact the bank on 1300 361 922 or find a home lending officer on the website.

How do I apply for a home loan pre-approval from Commonwealth Bank?

To apply for a Commbank home loan pre-approval, you can either call the bank at 13 2224 or meet one of the bank’s lending specialists. You can set up a meeting online if you wish. You’ll need to do some homework before contacting the bank, such as gathering information on the kind of properties you’d like to buy and their prices.

Preparing a financial summary, which lists all your income sources as well as significant expenses, can also help determine how much you can afford to borrow. You may also want to check your credit score before applying for pre-approval.

It’s worth remembering that a CBA home loan pre-approval doesn’t guarantee that you’ll get the loan. Once you get the pre-approval, you’ll have about three to six months to decide on a property and apply for the home loan. The bank will then confirm that the property is suitable for the loan before fully approving it.

How do you determine which home loan rates/products I’m shown?

When you check your home loan rate, you’ll supply some basic information about your current loan, including the amount owing on your mortgage and your current interest rate.

We’ll compare this information to the home loan options in the RateCity database and show you which home loan products you may be eligible to apply for.

 

Does the Home Loan Rate Promise apply to discounted interest rate offers, such as honeymoon rates?

No. Temporary discounts to home loan interest rates will expire after a limited time, so they aren’t valid for comparing home loans as part of the Home Loan Rate Promise.

However, if your home loan has been discounted from the lender’s standard rate on a permanent basis, you can check if we can find an even lower rate that could apply to you.

Can I take a personal loan after a home loan?

Are you struggling to pay the deposit for your dream home? A personal loan can help you pay the deposit. The question that may arise in your mind is can I take a home loan after a personal loan, or can you take a personal loan at the same time as a home loan, as it is. The answer is that, yes, provided you can meet the general eligibility criteria for both a personal loan and a home loan, your application should be approved. Those eligibility criteria may include:

  • Higher-income to show repayment capability for both the loans
  • Clear credit history with no delays in bill payments or defaults on debts
  • Zero or minimal current outstanding debt
  • Some amount of savings
  • Proven rent history will be positively perceived by the lenders

A personal loan after or during a home loan may impact serviceability, however, as the numbers can seriously add up. Every loan you avail of increases your monthly installments and the amount you use to repay the personal loan will be considered to lower the money available for the repayment of your home loan.

As to whether you can get a personal loan after your home loan, the answer is a very likely "yes", though it does come with a caveat: as long as you can show sufficient income to repay both the loans on time, you should be able to get that personal loan approved. A personal loan can also help to improve your credit score showing financial discipline and responsibility, which may benefit you with more favorable terms for your home loan.

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

How do I get a pre-approved home loan with Aussie?

Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home. 

It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.

Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses.  It’s worth remembering that a pre-approved loan is usually valid for a few months.