Another non-major lender, AMP Bank has reduced interest rates across variable and fixed home loans for new customers making them some of the most competitive in the market.
The AMP Essential Home Loan will be reduced to 4.09 per cent per annum, down from 4.20 per cent.
The Basic variable will be reduced to 4.19 per cent per annum, down from 4.50 per cent.
In addition, the Basic two year fixed rate loan will be reduced to 4.18 per cent, down from 4.55 per cent.
The changes to the Basic variable and fixed loans provide an attractive option for customers who may wish to split their loan and pay a portion fixed and a portion variable.
The rate changes are in line with AMP Bank’s commitment to help more Australians own their own homes.
The changes are effective Sunday 30 August for fixed and Monday 31 August for variable rates and are available for new loan applications.
