151 live products
AMP
Best available rate
5.63%p.a.
Amp First Home Loan (Variable)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
5.63%
Offset
Included
Redraw
Included
Finding the best rates…
Home Loans Comparison
Bank One
AMP
Best available
From 5.63% p.a.
Line-up
151 live products
VS
AMP vs Westpac
Compare AMP and Westpac home loans in March 2026. AMP offers rates from 5.63% p.a. across 151 products, while Westpac starts at 5.79% p.a. with 179 products. AMP currently has the lower rate by 0.16%.
VS
179 live products
Westpac
Best available rate
5.79%p.a.
Fixed Rate Home Loan (Investment Fixed 1 Yr)
Highest ranked offer currently surfaced for this bank on the compare page.
Comparison
6.45%
Offset
Not included
Redraw
Included
Live edge
AMP is lower on headline home loan rate by 0.16%, which is roughly $67 per month on a $500,000 loan.
0.16% gap
Feature Comparison
Side-by-side view of the strongest offers surfaced above.
| Feature | AMP | Westpac |
|---|---|---|
| Interest rate | 5.63% | 5.79% |
| Comparison rate | 5.63% | 6.45% |
| Offset account | Yes | No |
| Redraw | Yes | Yes |
All AMP Products
Every tracked home loans option from AMP.
All Westpac Products
Every tracked home loans option from Westpac.
AMP's lowest variable rate is 5.63% p.a. (comparison rate 5.63%) while Westpac starts at 5.79% p.a. (comparison rate 6.45%). AMP is 0.16% lower, which saves approximately $67/month on a $500,000 loan.
Key features: AMP includes offset, AMP includes redraw, Westpac includes redraw.
Quick Comparison
| Feature | AMP | Westpac |
|---|---|---|
| Interest Rate | 5.63% | 5.79% |
| Comparison Rate | 5.63% | 6.45% |
| Offset Account | Yes | No |
| Redraw Facility | Yes | Yes |
Common Questions
AMP vs Westpac FAQs
Which bank has a lower home loan rate, AMP or Westpac?
AMP currently offers the lower variable rate at 5.63% p.a. compared to 5.79% p.a. Always check the comparison rate for a true cost picture.
Do AMP and Westpac home loans have offset accounts?
AMP offers an offset account. Westpac does not include an offset account.
What is AMP's lowest home loan rate in 2026?
AMP's lowest variable rate is 5.63% p.a. (comparison rate 5.63%) on the Amp First Home Loan (Variable).
What is Westpac's lowest home loan rate in 2026?
Westpac's lowest variable rate is 5.79% p.a. (comparison rate 6.45%) on the Fixed Rate Home Loan (Investment Fixed 1 Yr).