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AMP Banking Home Loan

Discussion in 'Finance & Banking' started by ozzy_madman, 16th Feb, 2008.

  1. ozzy_madman

    ozzy_madman Member

    Joined:
    21st Nov, 2007
    Posts:
    7
    Location:
    sydney, nsw
    Hi guys,

    I am shopping for a home loan and a couple of mortgage brokers have recommended a product from AMP Banking that is currently offering the best rate for the loan structure that I am after (IO with 100% offset). I was wondering if anyone here has experience with AMP banking (good or bad) in terms of their service.

    cheers
    salil
     
  2. tonyused

    tonyused Active Member

    Joined:
    9th Jan, 2008
    Posts:
    32
    Location:
    Perth, Western Australia
    Hi Ozzy

    The brokers are recommending this loan product because AMP Banking are holding down the interest rate on this loan till 21 Feb, which makes it a very copetative product at the moment.

    The AMP service is similar to other lenders (fractionally slower in some cases) in the loan application/approval process.

    Conducting banking with them is not as good as the majors & mainly confined to internet banking, which is OK if this is no problem to you.
     
  3. Saskatoon

    Saskatoon Well-Known Member

    Joined:
    17th Oct, 2005
    Posts:
    67
    Location:
    Aldgate, SA
    We have had LOCs with AMP for a few years. No different experience to the other banks.
    We use internet access to move money between banks when necessary.