AMP updates Professional Package (Variable) to 7.06%
AMP has decreased the rate on its Professional Package (Variable) home loan by 84 basis points to 7.06% p.a., from a previous rate of 7.90%.
AMP
Professional Package (Variable)
New Rate
7.06%
Illustrative Example
For illustrative purposes, on a $600,000 loan over 30 years at 7.06%, the estimated monthly repayment would be approximately $4,016. That is approximately $345 less per month compared to the previous rate.
Market Context
This rate of 7.06% is above the current market average of 6.67% across 2360 tracked home loan products. The current market leader offers 10.07%.
Notes
AMP Bank decreased home loan rate by 0.84% to 7.06%
⚠️ General information only
This comparison is for informational purposes only and does not constitute financial advice. Always verify current rates and eligibility directly with the provider before making decisions. Consider whether products are appropriate for your circumstances.