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Frequently Asked Questions

Did AMP drop interest rates?

After the RBA’s 3 March 2020 rate cut AMP dropped interest rates on some products. No cuts were made after the RBA’s emergency rate cut later in March.

Is AMP a good bank?

AMP was founded in 1849 and has a longstanding history in Australia. Many customers like the bank however, it did receive some controversy during the 2017-2019 Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. However it has worked to implement risk assessment.

How much can I borrow for a home loan with AMP?

Depending on the home loan product and individual circumstances, AMP can usually lend borrowers $750,000 and above.