Finty
Lending and bank accounts, both associated with BSB number 939 200

Lending and bank accounts, both associated with BSB number 939 200 AMP First Home Loan

Variable or Fixed rateOffsetRedraw

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.

Written byDavid Boyd
Interest rate a year, from
6.38%
Comparison rate
6.38%
Upfront fees
$545
Annual fee
None
Monthly fee
Not published

Monthly repayment

$600,000 over 30 years

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What it would cost

At the lowest rate of 6.38% (variable, live in, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.

Monthly repayment
$3,745
Total repayments
$1,348,265
Interest
$748,265

Rates

Every rate Lending and bank accounts, both associated with BSB number 939 200 publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestUp to 90%6.38%6.38%
VariableLive inPrincipal and interest90% to 95%7.08%7.08%
VariableLive inInterest onlyUp to 80%6.79%6.56%
VariableLive inInterest onlyUp to 80%6.99%6.81%
VariableLive inInterest onlyUp to 80%7.04%6.45%
VariableLive inInterest only80% to 90%7.49%6.86%
VariableInvestmentPrincipal and interestUp to 90%6.59%6.59%
VariableInvestmentPrincipal and interest90% to 95%7.29%7.29%
VariableInvestmentInterest onlyUp to 80%6.68%6.63%
VariableInvestmentInterest onlyUp to 80%6.88%6.79%
VariableInvestmentInterest onlyUp to 80%6.98%6.63%
VariableInvestmentInterest only80% to 90%7.38%6.93%
1 year fixedLive inPrincipal and interestUp to 90%6.63%6.41%
1 year fixedLive inPrincipal and interest90% to 95%7.13%7.09%
1 year fixedLive inInterest onlyUp to 80%6.88%6.43%
1 year fixedLive inInterest only80% to 90%7.38%6.48%
1 year fixedInvestmentPrincipal and interestUp to 90%6.73%6.60%
1 year fixedInvestmentPrincipal and interest90% to 95%7.23%7.28%
1 year fixedInvestmentInterest onlyUp to 80%6.83%6.61%
1 year fixedInvestmentInterest only80% to 90%7.33%6.67%
2 year fixedLive inPrincipal and interestUp to 90%6.63%6.43%
2 year fixedLive inPrincipal and interest90% to 95%7.13%7.09%
2 year fixedLive inInterest onlyUp to 80%6.88%6.48%
2 year fixedLive inInterest only80% to 90%7.38%6.58%
2 year fixedInvestmentPrincipal and interestUp to 90%6.73%6.62%
2 year fixedInvestmentPrincipal and interest90% to 95%7.23%7.28%
2 year fixedInvestmentInterest onlyUp to 80%6.83%6.64%
2 year fixedInvestmentInterest only80% to 90%7.33%6.74%
3 year fixedLive inPrincipal and interestUp to 90%6.68%6.47%
3 year fixedLive inPrincipal and interest90% to 95%7.18%7.11%
3 year fixedLive inInterest onlyUp to 80%6.93%6.53%
3 year fixedLive inInterest only80% to 90%7.43%6.68%
3 year fixedInvestmentPrincipal and interestUp to 90%6.78%6.64%
3 year fixedInvestmentPrincipal and interest90% to 95%7.28%7.29%
3 year fixedInvestmentInterest onlyUp to 80%6.88%6.67%
3 year fixedInvestmentInterest only80% to 90%7.38%6.82%
5 year fixedLive inPrincipal and interestUp to 90%6.78%6.56%
5 year fixedLive inPrincipal and interest90% to 95%7.28%7.17%
5 year fixedLive inInterest onlyUp to 80%6.93%6.62%
5 year fixedLive inInterest only80% to 90%7.43%6.84%
5 year fixedInvestmentPrincipal and interestUp to 90%6.88%6.72%
5 year fixedInvestmentPrincipal and interest90% to 95%7.38%7.33%
5 year fixedInvestmentInterest onlyUp to 80%6.88%6.72%
5 year fixedInvestmentInterest only80% to 90%7.38%6.93%

Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees and features

Fees

Upfront fees
$545
Annual fee
None
Monthly fee
Not published

Features

Offset account
Yes
Redraw
Yes
Highest LVR
95%
Loan amount
From $40,000

How it compares

Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.

Variable rate

6.38%

For a home you live in, paying principal and interest. Typical is 6.62%.

Comparison rate

6.38%

For the same rate. Typical is 6.70%.

Upfront fees

$545

Typical upfront fees are $600.

Annual fee

None

A typical annual fee is $350.

Smallest deposit

5%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • No annual fee. Nothing extra to pay each year over the life of the loan.
  • An offset account. Money in it is taken off your balance when interest is worked out, so your savings and pay cut the interest while staying easy to reach.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • Fixed rates on offer. You can fix for 1 to 5 years if you'd like repayments that don't change for a while.
  • Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.

Cons

  • An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.

Similar home loans

Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.