AMP FAQs

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.

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.

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