In a bid to make itself more competitive in the home loan market, AMP Bank announced on October 12 that it reduced the variable rate for new owner-occupied loans on their AMP Essential Home loan to 3.99%.

The Essential Home loan was not the only mortgage adjusted. AMP’s variable Professional Pack Home loan was also decreased to 3.99% for loans more than $750,000, and with a loan-to-value ratio of less than 80%.

AMP’s new offers are limited-time specials and are effective as of Monday 12 October. 


With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now