About AMP
Resources
Help & support
Contact us
    Join now
    Construction and Land Home Loans

    We’ve got a home loan that’s right for you

     

    See all home loan interest rates and fees

    Construction loan

    If you’re building, extending or renovating and owner-occupied or investment property, construction finance is a feature available to you when taking out a Professional Package, Basic Package or AMP First Home Loan.

    What's in it for you
    • Flexibility
      Take up to 12 months to build, extend or renovate your home or investment property.
    • Freedom
      Draw down on your loan at various stages to match your construction schedule.
    • Value
      Benefit from a competitive rate, with interest calculated only on the funds you’ve withdrawn.

      

    • Features
      Up to 10 offset accounts available during the construction period.
    • Choice
      Make interest only repayments during the construction period, with the freedom to make extra repayments if you choose.
    • Borrowing power
      If you’re going to live in the property, you could borrow up to 90% of its value.
    Australian outback landscape

    Land loan

    With no pressure to build straight away, you can buy vacant land or acreage and hold on to it for up to 30 years on our variable rate. With no ongoing fees, you decide between minimum interest-only payments or fast-track with extra repayments without penalty.

    Land loan
    • No pressure to build
      With our Land Loan you have the ability to purchase land and plan ahead.
    • The benefits of great rates
      Up to 30 years at variable rate.
    • Additional repayment options
      With the AMP Land Loan you have the option to make additional repayments.
      
    • The ability to split your loan
      Up to 10 sub-accounts available for construction or land loans ($10,000 minimum for each account).
    • Easy access to your money
      Redraw funds via internet and phone banking when you need them.
    • Interest only repayment option
      It’s your choice ― elect to pay interest only for up to five years.
    Rates & fees
    Rates & fees

    Effective 

     Loan type Principal and Interest   Interest Only
    		  
       (LVR ≤90%)    (LVR ≤80%)  
      Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
    Land Loan(iii) % pa % pa % pa % pa
    Reference Rate(iv) Standard Reference Rate Investment   Standard Reference Rate Interest Only Investment  


    A Settlement fee of $349 applies.

    (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.
    (iii) Rate is for new loans only and subject to change.
    (iv) View a full list of Reference Rates and their values.

    Terms and Conditions apply and are available on request. Approval is subject to AMP Bank guidelines.
    Available for new home loan customers with a single, owner occupied security only, with the intention of building a single owner occupied property on the land. Other fees and charges apply. Full details are available in the Home loan fees and charges guide.

    Effective 

     Loan type Principal and Interest   Interest Only
    		  
       (LVR ≤90%)    (LVR ≤80%)  
      Interest rate(i) Comparison rate(ii) Interest rate(i) Comparison rate(ii)
    Land Loan(iii) % pa % pa % pa % pa
    Reference Rate(iv) Standard Reference Rate Investment   Standard Reference Rate Interest Only Investment  


    A Settlement fee of $349 applies.

    (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.
    (iii) Rate is for new loans only and subject to change.
    (iv) View a full list of Reference Rates and their values.

    Terms and Conditions apply and are available on request. Approval is subject to AMP Bank guidelines.
    Available for new home loan customers with a single, owner occupied security only, with the intention of building a single owner occupied property on the land. Other fees and charges apply. Full details are available in the Home loan fees and charges guide.

    Your home on your terms

    If you’re building, extending or renovating an owner-occupied or investment property, construction finance is a feature available to you when taking out a Professional Package, Basic Package or AMP First Home Loan.

    You’ll have 12 months to draw down on your construction loan and any remaining balance will then be rolled into your selected AMP Bank home loan.

    Request a call back

    Our home loan specialists are here to help

    Buying your dream home, refinancing or investing? AMP can help grow your wealth with an easy online application, competitive rates and support from our home loan specialists.

    Home loan support

    Ready to take the next step?

    New home loan enquiries

    Call us 1300 534 325

    Email us info@ampbanking.com.au

    Mon - Fri 8am - 8pm Sydney time

    All other home loan enquiries

    Call us 13 13 13

    Email us direct_lending@ampbanking.com.au

    Mon - Fri 8am - 8pm Sydney time
    Sat & Sun 9am - 5pm Sydney time

      Let's get started
    • Apply online
    • Explore home loans
    • Home loan support
    Important information

    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.

     

    Footnotes

    For more information about these awards please visit Mozo Experts Choice Awards.