Offset home loan
Apply online
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Hassle free investment home loans
It's quick and easy to apply online or you can speak to one of our home loan specialists to help you through the process.
Home loan features for the savvy investor
Our home loan features allow for control & flexibility to make investing in property easy.
Competitive investment rates
Enjoy sayings over the life of your loan with a competitive investment rate.
Offset account
Pay less interest on your home loan with access to offset accounts on our Offset home loan.
Split your loan
Enjoy the benefits of a variable and fixed rate loan by splitting your home loan with our Offset home loan.
Interest only repayments
More flexible repayment options with interest only repayments on our Offset home loan.
Interest Only (IO) repayments
These loans can appeal to property investors, as the interest paid can be a tax deduction. With an interest-only loan, your repayments only cover the interest on the loan without reducing the principal.
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Principal and Interest (P&I) repayments
Repaying both principal and interest results in lower payments over the loan term, as each installment reduces the borrowed amount while covering interest costs.
Essential home loan
Apply online
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Offset home loan
Apply online
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Offset home loan - Investment new business rates & fees
Effective
| Loan type | Principal and Interest | Interest Only | |||
| LVR | Interest rate(i) | Comparison rate(ii) | Interest rate(i) | Comparison rate(ii) | |
| Variable rate loan (Investment) (iii) | |||||
| $1,000,000 and above | LVR ≤60% | % pa | % pa | % pa | % pa |
| LVR ≤80% | % pa | % pa | % pa | % pa | |
| LVR ≤90% |
% pa | % pa | n/a |
n/a |
|
| $500,000 to less than $1,000,000 |
LVR ≤60% | % pa |
% pa |
% pa |
% pa |
| LVR ≤80% | % pa |
% pa |
% pa | % pa |
|
| LVR <90% | % pa |
% pa |
n/a |
n/a |
|
| $100,000 to less than $500,000 | LVR ≤60% | % pa | % pa | % pa | % pa |
| LVR ≤80% | % pa | % pa | % pa |
% pa | |
| LVR ≤90% | % pa | % pa | n/a |
n/a |
|
| Construction | |||||
| $500,000 and above | LVR ≤60% | n/a |
n/a |
% pa |
% pa |
| LVR ≤90% | n/a |
n/a |
% pa | % pa | |
| $100,000 to less than $500,000 | LVR ≤90% |
n/a |
n/a |
% pa | % pa |
| Reference Rate(iv) | Standard Reference Rate Investment | Standard Reference Rate Interest Only Investment | |||
| Line of Credit (Investment) (iii) |
|||||
| $1,000,000 and above | LVR ≤60% | n/a |
n/a |
% pa |
% pa |
| LVR ≤80% | n/a |
n/a |
% pa | % pa | |
| $500,000 to less than $1,000,000 | LVR ≤60% | n/a |
n/a |
% pa | % pa |
| LVR ≤80% | n/a |
n/a |
% pa | % pa | |
| $100,000 to less than $500,000 | LVR ≤80% | n/a |
n/a |
% pa |
% pa |
| Reference Rate(iv) | Line Of Credit Reference Rate Investment | Line Of Credit Reference Rate Interest Only Investment |
|||
Effective
| Loan type | Principal and Interest | Interest Only | |||
| LVR | Interest rate(i) | Comparison rate(ii) | Interest rate(i) | Comparison rate(ii) | |
| Fixed rates (Investment) $100,000 and above |
|||||
| 1 year fixed rate | LVR ≤80% | % pa |
% pa |
% pa |
% pa |
| LVR ≤90% | % pa |
% pa |
n/a |
n/a |
|
| 2 year fixed rate | LVR ≤80% | % pa |
% pa |
% pa | % pa |
| LVR ≤90% | % pa |
% pa |
n/a |
n/a |
|
| 3 year fixed rate | LVR ≤80% | % pa |
% pa |
% pa |
% pa |
| LVR ≤90% | % pa |
% pa |
n/a |
n/a |
|
| 5 year fixed rate | LVR ≤80% | % pa |
% pa |
% pa |
% pa |
| LVR ≤90% | % pa |
% pa |
n/a |
n/a |
|
(i) Rates are subject to change.
(ii) The comparison rate is calculated for a secured loan on a loan amount of $150,000 over a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate.
(iii) Rates are for new loans only. Approval is subject to AMP Bank guidelines. Other fees and charges apply. Full details are available in the Fees and charges guide. Terms and conditions are available on request.
(iv) View a full list of Reference Rates and their values.
Credit interest applies to all lines of credit. Professional Package eligibility - total borrowings with AMP Bank must exceed $100,000. An Annual fee of $349 is payable in advance at settlement and on each anniversary date of the Professional Package loan.
AMP Essential Home Loan - Investment new business rates and fees
Loan type: Principal and interest
Effective
| Loan to value ratio | Interest rate(i) | Comparison rate(ii) | |
| Variable rate loan(iii) | |||
| $750,000 and above | LVR <60% | % pa | % pa |
| LVR ≤80% | % pa | % pa | |
| LVR ≤90% | % pa | % pa | |
| $250,000 to less than $750,000 | LVR <60% | % pa |
% pa |
| LVR ≤80% | % pa | % pa | |
| LVR ≤90% | % pa | % pa | |
| Reference Rate(iv) | Basic Reference Rate Investment | ||
(i) Rates are subject to change.
(ii) Comparison rate calculated for a secured loan on a loan amount of $150,000 for a 25-year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
(iii) Available for new loans only.
(iv) View a full list of Reference Rates and their values.
Fees and charges are payable. Terms and Conditions apply. Approval is subject to AMP Bank guidelines.
Home loan calculators
Our calculators can help you crunch the numbers before you apply.
See how much you could borrow based on your income and expenses.
Get a clearer idea of your monthly repayments and ways to reduce your interest.
Enter your current loan details to see how much you could save by refinancing.
Getting a home loan online is convenient and hassle-free
Have more control over your application and if eligible, you can get approval within hours of submission.*
To apply online you’ll need to be:
| ✓ | 18 years or older, and an Australian permanent resident |
| ✓ | Applying individually or as a married / de facto couple |
| ✓ | Earning a PAYG salary, or self-employed and trading for at least 2 years as a Sole Trader, Partnership or Company |
| ✓ | Borrowing 80% or less of the property’s value, with a loan between $250,000 and $2 million |
Please note: The option for a construction loan or pre-approved lending limit to borrow against equity are not available through our online application process.
Unsure whether you’re eligible? Contact a loan specialist
How our online application works
- Tell us about your property to see how much you can borrow and what your loan repayments will be.
- Use automated assessment tools to verify your income and expenses and check your credit history.
- When refinancing a loan, you can get unconditional approval within an hour.*
When you're buying, we aim to give you conditional approval within 24-48 hours of receiving your application.*
Have questions about our online application? See our FAQs
Have unanswered questions?
What kind of documents will I need to provide during the application?
We use digital processes and data to assess our online home loan applications. This includes verifying your identity, and assessing your income, expenses, and liabilities. As part of your home loan application, you will be required to log into your internet banking where we will access your financial transaction data safely and securely.
In most cases, the financial data we obtain via your internet banking is enough. There is no need to provide any documentation (other than proof of identity by taking some photos on your smart phone), making it a quick and easy experience where you can be approved in minutes.
For the few applications where we may have questions, the Customer Support team will contact you via email and phone to cover any questions they may have. If needed, they may request some additional documentation.
Is the application safe? How do you ensure my data is protected?
We aim to use data at every opportunity to deliver a better experience for you. To assess your loan application, we need to complete a digital review of your banking and loan data.
The process we use to do this is proven, safe and secure. We take data security and the protection of sensitive information extremely seriously.
We have the following protocols in place:
- One-time use only: we never see or store your banking username or password;
- Read-only data: your transaction history and account details are read-only – it’s impossible for us to transfer or transact with any of your accounts;
- Maximum security: we use 256-bit encryption with all information (the same as big banks); and
- Secure storage: all data is securely stored, and we only use it in accordance with our Privacy Statement & Policy.
In fact, the information that we digitally assess is similar to what you would supply if you were to manually provide your bank statements to us. We just take the hassle out of the process for you.
Can I still get a loan with AMP Bank if I am declined via the online application process?
Yes. At this time AMP Bank only has some of its many home loan products available to be applied for online. Please also note that we only accept some customer and property types online.
It is quite plausible and possible that via an AMP Bank Home Loan Specialist or Mortgage Broker, AMP Bank may still be able to assist you with a home loan. Book a chat or call 1300 534 325 9am-5pm Monday to Friday Sydney time to chat with a Home Loan Specialist.
Support at your fingertips
If you need assistance or have any questions, provide your details and one of our home loan specialists in Australia will get in touch.
New Home Loan enquiries
Call: 1300 534 325
Email: direct_lending@ampbanking.com.au
Mon - Fri 9am - 5pm Sydney time
All other Home Loan enquiries
Call: 13 30 30
Email: info@ampbanking.com.au
Mon - Fri 8am - 8pm
Sat & Sun 9am - 5pm Sydney time
What you need to know
The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.
It’s important to consider your circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account. Information including interest rates is subject to change without notice.
Any application is subject to AMP Bank’s approval. Terms and conditions apply and are available at amp.com.au/bankterms or 13 30 30. Fees and charges may be payable. Full details are available in the Fees and charges guide.
This information is provided by AMP Bank Limited. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.
AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice.
A target market determination for these products is available on our TMD page.
1 Investment Professional Package variable rate loan, $1,000,000 and above, LVR ≤60%, IO repayments. Rate is for new loans only and is subject to change.
2 Investment AMP Essential Home Loan variable rate, $750,000 and above, LVR ≤60%, P&I repayments. Rate is for new loans only and is subject to change.
3 Investment Professional Package variable rate loan, $1,000,000 and above, LVR ≤60%, P&I repayments. Rate is for new loans only and is subject to change.
4 The comparison rate is calculated for a secured loan for an amount of $150,000 over a 25 year term. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
* In many cases a conditional approval will be provided immediately after submission. The time to receive a full unconditional approval will vary. Where only identification is required, an immediate response to our SMS to complete this could result in an unconditional approval within an hour. Unconditional approval could take longer if we need to seek clarifications from you, or if we need to undertake an inspection of your property. The speed of response is also dependant on the time a second applicant takes to confirm their application details, and for all applicants to complete the biometric ID check. Most metro postcodes and many regional postcodes are eligible. Ineligible postcodes are likely in remote or higher risk areas. You will be told early in the application form if your postcode is ineligible.