Lending and bank accounts, both associated with BSB number 939 200
AMP Essential Home Loan
Lending and bank accounts, both associated with BSB number 939 200 · residential mortgages
Provider last updated this product 2026-08-25.
A variable home loan with no offset facility and no package fees.
As published by the lender
- Headline rates - from 5.99% to 6.94%The lender publishes several headline rates; which one applies is the lender's decision.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 6.19% | 6.22% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | $250,000 - $749,999, LVR up to 50% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.29% | 6.32% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | $750,000 - $99,999,999, LVR 80% - 90% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.08% | 6.11% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | $750,000 - $99,999,999, LVR 60% - 80% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.19% | 6.22% | INVESTMENT | PRINCIPAL AND INTEREST | - | $250,000 - $749,999, LVR up to 50% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 5.99% | 6.02% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | $750,000 - $99,999,999, LVR up to 50%, LVR 50% - 60% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 5.99% | 6.02% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | $750,000 - $99,999,999, LVR up to 50% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.39% | 6.42% | INVESTMENT | PRINCIPAL AND INTEREST | - | $750,000 - $99,999,999, LVR 80% - 90% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.22% | 6.25% | INVESTMENT | PRINCIPAL AND INTEREST | - | $750,000 - $99,999,999, LVR 60% - 80% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.14% | 6.17% | INVESTMENT | PRINCIPAL AND INTEREST | - | $750,000 - $99,999,999, LVR 50% - 60% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.14% | 6.17% | INVESTMENT | PRINCIPAL AND INTEREST | - | $750,000 - $99,999,999, LVR up to 50% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.19% | 6.22% | INVESTMENT | PRINCIPAL AND INTEREST | - | $250,000 - $749,999, LVR 50% - 60% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.29% | 6.32% | INVESTMENT | PRINCIPAL AND INTEREST | - | $250,000 - $749,999, LVR 60% - 80% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.54% | 6.57% | INVESTMENT | PRINCIPAL AND INTEREST | - | $250,000 - $749,999, LVR 80% - 90% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.19% | 6.22% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | $250,000 - $749,999, LVR 50% - 60% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.29% | 6.32% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | $250,000 - $749,999, LVR 60% - 80% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.39% | 6.42% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | $250,000 - $749,999, LVR 80% - 90% | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.79% | 6.82% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | LVR 90% - 95%, $250,000 - $749,999 | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.69% | 6.72% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | LVR 90% - 95%, $750,000 - $99,999,999 | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.89% | 6.92% | INVESTMENT | PRINCIPAL AND INTEREST | - | LVR 90% - 95%, $250,000 - $749,999 | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
| VARIABLE | 6.94% | 6.97% | INVESTMENT | PRINCIPAL AND INTEREST | - | LVR 90% - 95%, $750,000 - $99,999,999 | calculated daily, paid monthly |
| New business rates, fees and charges apply New business rate | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Multiple Security Fee | UPFRONT | $250 | Per security. Payable for each additional security offered at loan establishment. Fee is not refundable. |
| Valuation fee | EVENT | - | Payable when valuation costs associated with a loan application or variation exceed $550. If applicable, we will advise you of any excess valuation costs payable prior to the valuation. |
| Rework fee | EVENT | $249 | Payable when a loan agreement or variation to loan agreement is re-issued due to changes requested by either you or the introducer. |
| AMP internal refinance fee | UPFRONT | $299 | Payable on settlement. Payable on settlement where you had an AMP Bank loan immediately before establishment of this loan and that loan was refinanced or otherwise replaced with this loan, either in part or in whole. |
| Variation fee | EVENT | $299 | Plus any solicitor's or mortgage processing costs, valuation costs if applicable and any government fees which may vary from state to state. Payable when we agree to vary your loan or any security - not payable for ProPack or AMP First loans. Switching to a variable rate or another fixed rate at the end of a fixed rate period is free. Switching your repayment type from interest only to principal and interest is free. |
| Discharge fee | EXIT | $490 | Payable when we are requested to discharge all securities. Customers also pay the actual solicitors' or mortgage processing servicers' costs, which include,for example, search fees and postage, valuation costs if applicable and any applicable Government fees, which may vary from state to state. |
| Verification of identity by Australia Post | EVENT | - | Payable when you obtain a Verification of Identity service from an Australia Post office. |
| Payment dishonour fees | DISHONOUR | - | You may be charged a fee by an external bank or financial institution for a transaction relating to your loan (eg. if a payment to your loan made from another bank is dishonoured, the other bank may charge you a fee). |
| Solicitors and mortgage processing servicers' cost | UPFRONT | $295 | Whenever a new loan agreement is established and we instruct our solicitors or mortgage processing servicers' to act on our behalf in connection with this agreement or a security. |
| Solicitors' and mortgage processing servicers' incidental costs | EVENT | $82.50 | Per security property. Whenever a variation to an existing loan agreement is made and we instruct our solicitors or mortgage processing servicers to act on our behalf in connection with the security property(s). |
| Solicitor or mortgage processing servicer non-standard additional costs | EVENT | - | Non-standard additional costs that may be payable, including courier costs, telegraphic transfer costs, cost to arrange settlement in a remote area and costs for urgent preparation of documents and/or urgent settlement. |
| International ATM cash withdrawal fee | WITHDRAWAL | $4.50 | When you withdraw from your account at any international ATM |
| Currency conversion fee | TRANSACTION | 2.50% | When you use your AMP Visa Debit card to make a purchase overseas or withdraw from an ATM overseas in a foreign currency and the transaction is converted to Australian dollars |
| Emergency replacement AMP Visa Debit Card fee | REPLACEMENT | $15 | When you request urgent delivery of a replacement access card |
| Telegraphic transfer fee - deposits | DEPOSIT | $30 | When funds are transferred to youraccount (by SWIFTor telegraphic transfer) from a bank in Australia or overseas (in Australian dollars). |
| Telegraphic transfer fee - withdrawals | WITHDRAWAL | $30 | When you request us to transfer funds from your account (by SWIFT) to a bank in Australia (in Australian dollars). When you request us to transfer fundsfrom your account (by telegraphic transfer) to an overseas bank (in Australian dollars or a foreign currency). |
| Transaction trace fee | EVENT | $20 | When you request us to investigate and trace a transaction |
| Visa dispute fee | EVENT | $25 | When you dispute a Visa transaction and we do not find in your favour |
| Audit certificate fee | EVENT | $25 | When you or an auditor request an audit certificate for your account |
| $0 Essential Application fee | UPFRONT | $0 | This fee is waived for this package type |
| $0 Essential valuation fee (up to the value of $550). | EVENT | $0 | This fee is waived for this package type |
| $0 Essential settlement fee | UPFRONT | $0 | This fee is waived for this package type |
| $0 Essential account management fee | PERIODIC | $0 | This fee is waived for this package type |
| $0 Essential monthly fee | PERIODIC | $0 | This fee is waived for this package type |
| $0 Essential annual fee | PERIODIC | $0 | This fee is waived for this package type |
| $0 Essential redraw fee | EVENT | $0 | This fee is waived for this package type |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-08-16 | 6.18% | 6.21% |
| 2026-08-17 | 2026-09-30 (current) | 5.99% | 6.02% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
Who can apply
- residency status - Citizen or Permanent ResidentIndividual borrowers must be Permanent residents or citizens of Australia, All new to bank customers must be living and working in Australia
- min age - 18Eligible customers must be at least 18 years of age
- natural personThe customer must be a natural person rather than another legal entity. Some AMP Bank home loan products are available to eligible legal entities, such as companies and trusts, subject to AMP Bank’s lending criteria. These loans are generally offered under specific products like the Professional Package, and are not available under all home loan offerings.
Limits
- min limit - 250000Minimum lending amount for new home loans is $250,000
- otherThe loan term ranges from a minimum of 10 years to a maximum of 30 years
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-08-25T00:00:00.000Z · Product ID: AMP_ESSENTIAL_HL