AMP BankHome Loan
AMP First Home Loan
Offered by AMP Bank
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Key Product Facts
Variable rate
6.38%
Fixed rate
7.43%
Comparison rate
6.93%
Product overview
A home loan with fixed, variable and Line of Credit options. Offsets are available for variable loans. The Bank reviews the AMP First comparison rate every 3 months and adjusts rates of existing and new customers if the rate is not in the top 3 of its competitors. Only available to AMP employees, AMP Superannuation members, certain shareholders, and other client groups defined by AMP Bank.
Is this product competitive?
There is no single rate or fee that determines whether a financial product is suitable or competitive for everyone. Consider the advertised rate, comparison rate, fees, term, product purpose and eligibility requirements together.
Advertised rate
6.38%
Comparison rate
6.93%
How much would $50,000 cost?
Example repayments based on borrowing $50,000 at the displayed primary rate over the product's available maximum term.
Example amount
$50,000
Estimated repayment
$975.50/ month
Example term
5 years
Illustration only: this calculation assumes a constant rate and regular monthly principal-and-interest repayments. It does not include all fees, charges, insurance or other costs, and the actual repayment offered by the provider may differ.
Estimated total repayments
$58,529.97
Estimated interest
$8,529.97
Key product details
- Category
- Home Loans
- Subcategory
- Home Loan
- Purpose
- OWNER_OCCUPIED
- Repayment type
- PRINCIPAL_AND_INTEREST