Land Loan
A variable interest rate credit facility secured by land (with no offset facility).
- From (owner occupied)
- 7.95%
- 8% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable New business rates, fees and charges apply · New business rate | 7.95% | 8% | pi_oo_land_tier $0–$99,999,999 |
Owner occupied — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable New business rates, fees and charges apply · New business rate | 8.15% | 8.09% | io_oo_land_tier $0–$99,999,999 |
Investment — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable New business rates, fees and charges apply · New business rate | 6.94% | 6.99% | pi_inv_land_tier $0–$99,999,999 |
Investment — Interest only
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable New business rates, fees and charges apply · New business rate | 7.14% | 7.08% | io_inv_land_tier $0–$99,999,999 |
Fees
| Fee | Type | Amount |
|---|---|---|
| Settlement Fee Payable to cover processing and administration costs for settlement of your loan. Not applicable for Professional Package, AMP Essential Home Loan and AMP First Home Loan. Refer to AMP Bank's fees and charges guides for information relevant to your product | Upfront | $349.00 |
| Multiple Security Fee Per security. Payable for each additional security offered at loan establishment. Fee is not refundable. | Upfront | $250.00 |
| Valuation fee 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. | Event | null – null |
| Rework fee Payable when a loan agreement or variation to loan agreement is re-issued due to changes requested by either you or the introducer. | Event | $249.00 |
| AMP internal refinance fee 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. | Upfront | $299.00 |
Features
- Redraw facility
- Redraw applies to AMP Bank variable rate home loans only. You can access extra funds you’ve deposited at any time, with no withdrawal fees when using online banking, the AMP app, BankPhone or BankAssist. Minimum amounts and daily limits may apply.
- Digital banking
- Customers can access and manage their home loan online via My AMP, our secure digital banking platform, offering features for easy account monitoring and transactions.
- Extra repayments
- AMP home loans allow for flexible additional repayments to reduce interest and pay off loans faster. Variable rate loans allow unlimited extra repayments, while fixed-rate loans often limit these to $10,000 per 12-month period. Please refer to Loan Conditions and Credit guide for more information on the consequences of repaying your Fixed Rate Loan early
- Fraud protection
- AMP home loans are protected by secure login, encryption, transaction monitoring, and customer alerts to help prevent and detect fraud. Support is available for customers in the event of suspected unauthorised activity.
Eligibility
- 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
- Minimum age — 18 yearsEligible customers must be at least 18 years of age
Constraints
- Minimum limit — $40,000.00Minimum lending amount for new home loans is $40,000
- The loan term ranges from a minimum of 10 years to a maximum of 30 years
More Information
Published by AMP - My AMP under the Consumer Data Right · Last updated 30 June 2026 · Product ID AMP_LAND_HL · View on CDR.gov.au · View Source Data (JSON)