Home / Home Loans / AMP slashes variable rate to 6.85%

AMP slashes variable rate to 6.85%

21/10/2011

AMP has unveiled a new variable home loan rate that undercuts the big four banks’ rates. The AMP Essential Home Loan boasts a variable interest rate of just 6.85 per cent.

In addition, the new product has no ongoing fees, and as an introductory offer, settlement and establishment fees will be waived until 31 December 2011.

AMP Bank chief operating officer Robert Slocombe said, “The AMP Essential Home Loan is a great alternative to the major banks, especially for entry-level customers and people looking for a competitive basic low cost loan that still gives them the more popular home loan options,” he said.

Source: The Adviser



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