Land Loan Land Loan (Principal & Interest) (Owner Occupied)

  • 5.58%
    p.a Standard Variable
  • 5.60%
    p.a Comparison**
  • $895
    Upfront fees
  • $0
    Annual fees
  • 90%
    Max LVR
  • $2,166
    Per Month*

About AMP

AMP is a leading independent wealth management company in Australia and New Zealand, who’ve helped individuals and organisations build financial security and since 1849. AMP boasts the largest financial advice network in Australia and New Zealand with 4,259 aligned and employed financial advisers and planners. AMP’s motto is believing that financial security can help people turn their possibilities into reality, offering everything from superannuation services for businesses, income protection to low interest rate loans.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 90% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For Equity, Owner Occupied, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

10 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Internet Banking
Telephone Banking
Credit Card
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repayments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
0 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Land Loans are available for customers who require funds to buy vacant land if they have plans to build a home sometime in the future. Construction loans are also available when the customer is ready to build on the land. Target Market Customers who require finance to assist with buying land to build a home on sometime in the future. Key Features - Flexible repayment frequency - No ongoing monthly account management fees - Unlimited additional repayments allowed Fee-free unlimited view only access to: - Internet banking - Mobile banking - BankPhone Restrictions: - Land size not to exceed 2.2 hectares (5 acres). - Must be zoned residential, rural residential or rural. - Property must have all weather road access and have electricity connected. - No cross collateralisation of securities, must be standalone security. - Not available for Low Doc Loans or debt consolidation. - Construction Loan may be added as an extra split to the Land Loan, once construction is ready to commence. - Repayments must be Monthly on Interest Only loans Refer to AMP Credit Policy for more information.

LVR Notes

LMI required >80% LVR. 90% plus capitalised LMI - max LVR is not inclusive of LMI. Maximum LVR inclusive of LMI capitalisation is subject to AMP and Genworth's discretion. Existing customers purchasing an O/O property - 95% plus cap LMI P&I only.


For property purchases >85% LVR, borrowers must contribute a minimum of 5% of the purchase price saved / held over a minimum 3 month period fo the last 3 months. Acceptable forms of savings include: -Funds in bank accounts/term -Deposits -Shares -Equity in residential property -Sale proceeds from residential property -Deposit paid for the property more than 3 months ago For more information please contact your Business Development Manager.

Fee Notes

Quoted exit fee includes Solicitors and Mortgage Processing Servicers Discharge Costs. Split Loan annual fee $75 per additional split (first 2 splits free). Guarantor Admin Fee of $200, LMI Processing Fees of $100 apply. - Establishment fee $350 - Settlement fee $250 - No Monthly Account Management fees - No Annual fee - Solicitors fee $295 Refer to fess and charges guide for valuation fees.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided