AMP Bank has reduced its Basic Variable Home Loan interest rate for new customers by 13 basis points to 6.64 per cent per annum, making it one of the most competitive rates in the market.
The Bank has also launched a new Basic Package made up of the Basic Variable Rate Loan with
100 per cent Mortgage Interest Offset Account and a Basic Fixed Rate Loan.
The Basic 3 year Fixed rate is 6.99 per cent per annum – 15 basis points below the standard 3
year Fixed rate.
AMP Banking Head of Sales and Marketing Steve Craig said a growing number of customers want
to combine variable and fixed interest rate loans to provide peace of mind against rising interest
rates.
“This new Basic Package gives our customers a simpler, more competitive, value for money
product with the choice and flexibility they want.
“Our Basic product range has a high degree of functionality for the price, offering borrowers real
value and making AMP Bank a competitive alternative to the major banks,” Mr Craig said.
The changes are effective immediately for new customers.
AMP Banking customers can visit www.amp.com.au or phone 13 30 30 for further information.
