Finance Broker Australia Home Loan Broker

AMP Banking have announced the full 0.75 percent RBA cut will be passed on to customers.

Variable Rate Loans - changes effective as detailed below

• All variable rate loans are decreasing by 0.75% pa
• Effective Sunday 16 November 2008 for new business
• Effective Monday 17 November 2008 for existing business
• Changes impact all variable rate loans and lines of credit, including Practice Finance, Adviser Register & CAPs Loans
• All variable rate changes will be advertised in The Australian on Thursday 13 November 2008

Home Loans - Interest Rate Changes

Variable Rate Loans (excluding Low Doc) - changes effective last weekend.
Decreasing by 0.80 percent pa
Effective Saturday 18 October 2008 for new business, Effective Monday 20 October 2008 for existing business
Changes impact all full documentation variable rate loans and lines of credit

All Loans with >95% - changes effective as detailed below
The margin that is applied to rates for loans with an LVR >95% is increasing by 40 bps

Variable Rate Changes

The volatility on financial markets continues to significantly impact AMP Banking cost of funds, with the flow-on effect of AMP Banking having to review pricing - however, the Bank continues to absorb a significant portion of the higher funding costs.

As a result, the following changes have been made to intest rate levels for new business for Introductory Variable Rate Loans and fixed interest rate loans.

For new applications received from Monday 21 April 2008.

Since the days of bushrangers and the gold rush, AMP has been helping people manage their financial wellbeing so they can enjoy the future they want.

Beginning in 1849 as The Australian Mutual Provident Society, an organisation offering life insurance, AMP has evolved over 150-plus years to a publicly listed company.

AMP has emerged as a strong, highly adaptable company, supporting its people and becoming an integral part of the economic and social fabric of its communities.

AMP Banking Variable Interest Rate Changes effective 10 April 2008. The following AMP Banking variable interest rate home loans are increasing by 0.10 percent tomorrow

• Introductory Classic Variable Rate Loan
• Classic Variable Rate Loan
• Classic Line of Credit
• Construction Loan
• Select Variable Rate Loan
• Introductory Professional Package Variable Rate Loan
• Professional Package Variable Rate Loan
• Professional Package Line of Credit
• Standard Rate Low Doc (LMI payable LVR >60% to 80%)

AMP Banking have announced that the volatility on financial markets continues to significantly impact their cost of funds, with the flow-on effect of AMP Banking having to review pricing - however, the Bank continues to absorb a significant portion of the higher funding costs.

As a result, the following changes have been made to AMP Banking interest rates and fees for loan products.

CHANGES EFFECTIVE MONDAY 7 APRIL 2008

Basic Variable Rate Loan - interest rate for new business