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AMP Bank increases discount on select home loans above $500,000

June 23, 2014

ENP Newswire - 23 June 2014

Release date- 23062014 - AMP Bank has discounted its Professional Package term loans by 0.20 per cent for a limited time as part of a winter special.

The offer is available for variable rate loans over $500,000.

The current AMP Bank standard variable rate is 6.00 per cent (comparison rate 6.17 per cent). With the existing Professional Package discounts already in place it takes the loan rate to 4.8 per cent (comparison rate 5.17 per cent).

The offer is effective Monday 23 June for new customers and will be available up until 31 August 2014.

AMP Bank Chief Operating Officer Rob Slocombe said: 'Providing our customers with attractive home loan products to help them buy their own property is the most important thing we do.

'The increase in the discount makes AMP Bank's variable rate loan products one of the most competitive in the market,' Mr Slocombe said.

The offer is available for loans with a deposit of 20 per cent or more.

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Source: ENP Newswire

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