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Reduced New Business pricing for Fixed and Variable Loans Professional Package rates reduced - We have reduced rates on Investment Loans in our Professional Package for principal and interest customers. We are currently offering P&I investment rates lower than owner occupied rates for most $500K+ segments.
- Fixed rates have been reduced starting from 5.99% for customers seeking stability.
- We have reduced our Construction rate for owner occupiers.
Effective Friday 23 February 2024. Essential rates reduced We have reduced the Owner Occupier rate on our Essential product, with a competitive offer for LVR 80-90, loan size $750K+ Effective Friday 23 February 2024. |
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We’ve worked on improving our credit policies to ensure that you and your customers are supported in individual scenarios. In summary, we have: - Removed the genuine savings threshold. Previously, three months genuine savings evidence was required for applications greater at 85% LVR or greater. Now, this sits at 90%, meaning those below 90% no longer have to provide such evidence.
- Moved to treating applicants who desire to be treated as single as single (assuming the applicant meets the relevant requirements). The non-applicants spouse must earn above $45,000 to be eligible.
Watch our Head of Home Lending Origination, Melissa Christy, talk you through these changes on our Policies page of a Distributor Knowledge Centre. These policy changes are effective from Monday 26th February 2024. |
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Registrations opened Join us on 19 March at 2:00pm for our upcoming Market Insights Webinar with AMP Deputy Chief Economist Diana Mousina and participate in a live Q&A session. Register here |
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Registrations opened Join us on 19 March at 2:00pm for our upcoming Market Insights Webinar with AMP Deputy Chief Economist Diana Mousina and participate in a live Q&A session. Register here |
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2024 in numbers House prices falling? Inflation easing? Australian recession? It's shaping up to be a big year. Hear our top economists share their insights on the outlook for 2024. Read article |
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Meet Julie Vassallo, a Broker Experience Specialist. Julie has over 32 years’ experience in Lending and is about to hit 18 years with AMP Bank next month. She has held many roles from Mail Coordinator to Team Leader within Lending. She loves her job, the people she works with, and Brokers are her #1 priority. She provides exceptional service and organised support to her Business Development Managers. The Broker Experience Team The Broker Experience Team is your end-to-end partner from onboarding, deal status updates, enquiries about processing times, governance or anything that can’t be answered via ApplyOnline®. At AMP we continue to do all we can in supporting our brokers like you, so you can focus on supporting your customers. |
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We have reduced New Business pricing for Fixed and Variable loans We have reduced our New Business pricing for Fixed and Variable rates on our Professional Package and Essential products. Our home loan products give your customers choices for whatever wealthy they want. Effective Friday 23 February 2024. |
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We have reduced rates on our Essential product for Owner Occupied loans. |
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We’re also reducing fixed rates across Professional package for 1,2,3 and 5-year fixed terms. |
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Term Deposit rate changes Effective as of Monday 26 February 2024 we have updated our Term Deposit rates. Whether your client is saving for a home of their own, a holiday, a car or for the future, AMP Bank's term deposits can help your clients achieve their goal. Effective Monday 26 February 2024. |
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What you need to know The credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian Credit Licence 234517. Approval is subject to AMP Bank guidelines. Information including interest rates is correct as at 23 February 2024 and is subject to change without notice. Terms and conditions apply and are available at amp.com.au/bankterms or by calling 13 30 30. Fees and charges are payable. Before making a decision about an AMP Bank product your customers should consider the terms and conditions. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. For Notice Accounts only: Before making a decision about this product your customers should consider the Notice Account PDS available from AMP at amp.com.au/bankterms or on 13 30 30. This email was sent by AMP Bank Limited, Level 2, 2-12 Macquarie Street, Parramatta NSW 2150 to bhavna_rai@amp.com.au. |
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