AMP Home Loans

Interest rates


Special interest rate1

If you've got more than 20% equity

Standard interest rate

If you've got less than 20% equity

6 month fixed

1 year fixed

2 year fixed

3 year fixed

4 year fixed

5 year fixed

Variable: variable component2



Variable: transactional portion (Flexi Reducing)2 & 3

Variable: revolving portion (Flexi Flat)2



Displayed interest rates are subject to change.

1Specials are also available for First Home Loan customers.

2For all bridging loans, the interest rate will be 1% p.a. above AMP's variable interest rate.

3Credit interest is available on any credit balance of the revolving portion (Flexi Flat) account, and is currently 0.05% p.a.

A default interest rate, which is your current interest rate plus 5% p.a. may be charged on each amount that is either overdue or over the limit of your home loan component or portion.

AMP Home Loans and Kiwibank have amalgamated

On 18 December 2020, AMP Home Loans Limited (a subsidiary company of Kiwibank) and Kiwibank Limited amalgamated. This means that AMP Home Loans Limited has merged into Kiwibank Limited and no longer exists as a standalone company.

From January to 31 March 2021, we'll be migrating all AMP Home Loans customers across to Kiwibank systems. This involves changing your access and account numbers to Kiwibank numbers. We'll be in touch with you to discuss this so you have time to make any changes to your payments. We'll also schedule a suitable time with you to migrate and let you know what to expect.

Frequently asked questions

What does the amalgamation mean for me?
  • Kiwibank is the creditor under your AMP Home Loans loan.
  • If you have a revolving (flexi flat) portion or a variable component to your home loan, the standard interest rates for those components is now the equivalent Kiwibank rates and your repayment amounts has been updated.
  • All terms and conditions that apply to your home lending and your relationship with AMP Home Loans will continue to apply unless we've told you otherwise.

Our goal is to have all customers migrated to Kiwibank systems by 31 March 2021.

Will the migration change my home lending?

If you have a:

  • Variable or revolving rate on your home loan: Your interest rate has already changed to align with Kiwibank's standard interest rates by the time of migration
  • Fixed or variable home loan: Any fixed terms will be moved across to Kiwibank with the same interest rate. There could be minor changes to your total lending amount and repayments as we migrate them onto a Kiwibank account. This is because we'll need to recalculate the repayments as you transfer. The repayment amount changes based on the number of days remaining and the number of repayments until your loan is repaid. We'll be in touch to let you know of any changes.
  • Flexi Flat home loan: We'll migrate you onto a similar Kiwibank account and if you currently have a credit balance on your home loan, we'll be in touch closer to your migration date to discuss options for other types of accounts that earn interest.
  • Flexi Reducing portion to your home loan: Unfortunately, Kiwibank can't offer an equivalent to the Flexi Reducing portion of your home loan, so we'll be in touch to discuss other options for redocumenting your home loan.
Does my home loan have to migrate?

Unfortunately, after 31 March 2021, Kiwibank can no longer support customers on AMP Home Loans' systems so we'll need to migrate you across to Kiwibank systems before this date.

Can I migrate now?

The migration will happen between January and the end of March 2021. If you want to migrate sooner rather than later, you can give us a call on 0800 000 654 to request this, however this depends on resources being available to migrate you across earlier.

What's involved in the migration?

First, we'll be in touch to talk through how we'll move your account. This will include setting up your new account and access number.

We'll discuss options to make changes to your direct debits and automatic payments – you may need to provide proof of your ID which will require you to visit a Kiwibank branch.

If you have an EFTPOS/ATM card issued by AMP Home Loans, we'll discuss replacing this with a Kiwibank EFTPOS/ATM card. We'll also ask you to provide a signature for your account.

If you have a loan that's already paid off, we'll discuss other account options with you and whether we can discharge your mortgage, which we can arrange for you at our cost.

Will my terms and conditions change?

When we migrate your AMP Home Loans home loan to Kiwibank's system:

The key differences between the AMP Home Loans Terms & Conditions and the Kiwibank Home Loan Terms & Conditions are:

  • What happens to your payments if your interest rate changes: If you have a variable component and Kiwibank's variable interest rate decreases, your regular payments for that variable component will remain the same but you'll pay off the variable component over a shorter term (see clause 15 of the Kiwibank Home Loan Terms & Conditions).
  • No interest on credit balances on any revolving portions: If you have a revolving portion and you have a credit balance on it, you'll no longer receive interest on that balance (see clause 15 of the Kiwibank Home Loan Terms & Conditions).
  • Contact details and notices: You'll need to contact Kiwibank for information about your home loan, including copies of Kiwibank's Personal and Business Banking General Terms & Conditions and the list of Kiwibank's current fees. You can do this at your nearest Kiwibank branch, online at or by calling any of the numbers listed in the Kiwibank Home Loan Terms & Conditions.
  • Kiwibank's Privacy Policy will apply to you (see clause 4 of the Kiwibank Personal and Business Banking General Terms & Conditions).
  • Contacting you about suitable products: Kiwibank will be able to contact you if they think there are better-suited products for your needs than the ones you are currently using (see clause 7 of the Kiwibank Personal and Business Banking General Terms & Conditions).
  • Unauthorised disclosure or use of your card: You'll need to tell Kiwibank immediately if the details on any card issued to you (such as card number and expiry date) have or might have been disclosed to an unauthorised party – or if the account your card is linked to has been used without authorisation (see clause 35 of the Kiwibank Personal and Business Banking General Terms & Conditions).

Accessing your statements

If you receive your statements in the mail, you'll be able to continue to do so. We can also discuss setting you up for internet banking.

Ahead of the migration, we'll ask you to download and save your AMP Home Loans statements in readiness for the migration. Following the migration, previous AMP Home Loans statements can be requested from Kiwibank.

Documents and forms

AMP Home Loan documents

AMP Fees and Limits (PDF 1.6 MB) – effective 1 December 2020

AMP General Terms and Conditions (PDF 300.2 KB) – effective 1 December 2020

AMP Home Loan Terms and Conditions (PDF 169.3 KB) – effective from 17 December 2018

Previous documents

AMP Fees and Limits

Fees and Limits Brochure (PDF 308.5 KB) –effective October 2020

Fees and Limits Brochure (PDF 308.7 KB) – effective March 2020

Fees and Limits Brochure (PDF 424.7 KB) – effective December 2019

Fees and Limits Brochure (PDF 237.4 KB) – effective December 2018

Fees and Limits Brochure (PDF 186.9 KB) – effective October 2018

Fees and Limits Brochure (PDF 184.0 KB) – effective March 2018

Fees and Limits Brochure (PDF 179.9 KB) – effective April 2016

Fees and Limits Brochure (PDF 164.3 KB) – effective June 2015

AMP General Terms and Conditions

General Terms and Conditions (PDF 300.1 KB) – effective March 2020

General Terms and Conditions (PDF 136.6 KB) – effective October 2019

General Terms and Conditions (PDF 162.2 KB) – effective July 2018

General Terms and Conditions (PDF 145.8 KB) – effective July 2018

General Terms and Conditions (PDF 138.5 KB) – effective August 2016

General Terms and Conditions (PDF 106.2 KB) – effective June 2015

AMP Home Loan Terms and Conditions

Home Loan Terms and Conditions (PDF 371.4 KB) – effective May 2016

Home Loan Terms and Conditions (PDF 102.0 KB) – effective June 2015

Home Loan Terms and Conditions (PDF 96.8 KB) – effective November 2014

We're here to help

If you’ve got any questions or want more information, please call 0800 000 654, Monday - Friday between 8am - 6pm. Download the AMP Home Loans migration guide (PDF 692.0 KB).