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Basic Variable Rate Home Loan (Principal and Interest)

For any query, Call: 1300 001 153
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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No ongoing fees
  • 100% full offset account
  • Parents can sign as guarantor
  • Extra repayments + redraw services
Cons:
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates
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Fees and Features

Maximum LVR
Maximum LVR
90%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$40k - $2.5m
Total repayments
Total repayments
$397,200
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
10 - 30 years
Offset account
Offset account
100% offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$545.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$250
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$295
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$100
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
90%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$40k - $2.5m
Total repayments
Total repayments
$397,200
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
10 - 30 years
Offset account
Offset account
100% offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$545.00
Application fee
Application fee
$0
Settlement fee
Settlement fee
$250
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$295
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$100
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

AMP Bank is a financial services company that was formed in 1849 as the Australian Mutual Provident Society.

AMP was made public in 1998 and now employs more than 5400 staff with over $110 billion in total assets and 820,000 shareholders. The company also includes AMP Capital, one of the largest investment managers in Asia Pacific with operations throughout the world. The bank has a head office in Sydney and provides a number of services, such as financial planning and banking products as well as investment advice through AMP Capital.

AMP Mortgage Calculator

Interested in an AMP home loan? RateCity has a suite of calculators that can show you what your repayments would be and how AMP compares to its competitors. Simply plug in your borrowing amount below. 

FAQs

The standard variable rate (SVR) is the interest rate a lender applies to their standard home loan. It is a variable interest rate which is normally used as a benchmark from which they price their other variable rate home loan products.

A standard variable rate home loan typically includes most, if not all the features the lender has on offer, such as an offset account, but it often comes with a higher interest rate attached than their most ‘basic’ product on offer (usually referred to as their basic variable rate mortgage).

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