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    Rapid Pay Calculator

    Rapid Pay Calculator

    This helps you to find out how you could save thousands of dollars and pay off your home loan sooner. It's easy to use and only takes around 5 minutes to complete. Simply: 1, Enter the amount you want to borrow, or your current loan amount and annual interest rate. Click on the tabs on the next page to see different strategies including: - refinance - changing your payment frequency - making extra repayments - using an offset account. 2, Review your results.

    Try the calculator
    Important information below
    Pre-qualify for a home loan
    Disclaimers and important info

    Ready to take the next step?

    • Manage your home loan in My AMP
    • Refinance your loan with AMP
    • Apply now

    Book a chat with our home loan specialists today

    What to expect

    1. Choose a day and time that works for you.
    2. The date you select for your appointment must be at least 24 hours from the date of the request.
    3. Please allow up to 30 minutes for your appointment.
    4. One of our home loan specialists in Australia will call you.
    Book a chat

    Fields marked with * are mandatory
     

    Your contact details*

    Name *

    Phone number *

    Email *

    Your preferred date and time to be contacted

    Please note that we do not take appointments on weekends or public holidays.

    The date you select for your appointment must be at least 24 hours from the date of the request. Please allow up to 30 minutes for your appointment.

    Date

    Time (Sydney time):

    What can we help you with?

    Select one of the options below

    How much would you like to borrow? *

    • Dollar amount you would like to borrow
    Are you self-employed?

    Select one of the options below

    Realistically, how much do you estimate the property is worth?

    Privacy

    The information you provide is being collected by AMP Bank Limited ABN 15 081 596 009 (AMP Bank) in order to respond to your enquiry. If you don't provide the information requested, AMP Bank may not be able to respond to your query. Your personal information may be shared with business areas or companies within the AMP Group. We may also provide information to local and overseas entities which provide AMP with administrative, financial, research or other services, other insurers and credit providers, financial planners, brokers and other organisations authorised by AMP to assist in reviewing customer needs. We may also disclose personal information to courts, tribunals and dispute resolution bodies, government agencies, and other bodies we are required to provide information to under the law. A list of countries where these providers are likely to be located can be accessed via the AMP Privacy Policy.

    The AMP Privacy Policy provides more information about how we manage and protect the personal information we hold about individuals. It sets out how you can access and correct the information that AMP holds about you, how you may complain about a breach of privacy and our process for resolving privacy related enquiries and complaints.
     

    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

    Important information

    Assumptions 

    Repayments

    • Minimum repayments are paid at the end of the period.
    • Additional Repayments are paid at the same time as current repayments.
    • Loan repayments are constant throughout the loan term.
    • When selecting a month/year for an additional or lump sum repayment, it is assumed that the payments are paid at the same time as the current repayments. For example, if the current month is Aug and you select Sep in the same year, then the additional repayment will occur after 1 month at the same time as the current repayment is made.

    Living expenses

    • All payments occur at the end of the period
    • Credit card bill comes 4 weeks after the start of the loan and every 4 weeks after that
    • Credit card bill is due 25 days after the bill comes.

    Savings and interest

    • Fortnightly and weekly cashflows are assumed to be equally spread over a month ie 1 year has 26 fortnights and 52 weeks
    • Saving patterns remain the same ie over the loan term the member will save the same amount and any salary increases are spent
    • The loan starts at the start of any month.

    Repayment frequency 

    • Calculations will be done monthly, however repayments are adjusted depending on your nominated repayment frequency.
    Disclaimer

    The figures shown in this calculator are approximations only and are not guaranteed by AMP Bank.

    The AMP Rapid Pay calculator is not an offer for a loan. To apply for an AMP Bank home loan, you must complete an application form. Approval is subject to AMP Bank lending guidelines.

    AMP Bank cannot and does not predict how quickly or the amounts by which variable interest rates may change. When taking out an AMP Bank loan, certain fees and charges are payable by the borrower. These include: Government Stamp Duty and Registration Costs; Establishment Fee; Lender's Mortgage Insurance; and other fees and charges.

    AMP Bank specifically disclaims any liability (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with the access to or use of this calculator. Other than as required under consumer protection law, under no circumstances will AMP and its related companies be liable for any loss or damage caused by a user's reliance on information obtained by using this calculator.

    The credit provider and product issuer is AMP Bank Limited ABN 15 081 596 009, Australian credit licence 234517, AFSL 234517.

    A target market determination for these products is available on our TMD page.