AMP Home Loans

Last Updated: Mar 23, 2020 @ 4:24 pm

  • One of NZ's most enduring companies with 160 years of trading
  • holistic wealth management approach

AMP Loans NZ

Do you want to finance your dream home with a home loan that suits your income? AMP Home Loans is the loan you are looking for.

Home loans are the best way to get a new home. It reduces the strain on your budget because you won’t need to release a large sum to secure your dream home. However, getting a home loan can be tricky, especially if you need a flexible one for your budget. AMP Financial Services offers flexible loans and the AMP Home Loans is the one to look at.

Aside from home loans, AMP Financial Services also offer the following:

Personal Loans

Instant Loans

– Debt Consolidation

– Savings

– Retirement savings and investment

– Insurance

Want to know more about AMP Financial Services and AMP Home Loans? Here are some of the things you need to learn about this company and why they can be trusted:

What is AMP Financial Services?

AMP Financial Services was established 160 years ago providing quality financial services to Kiwis for all ages. They have dedicated their career in ensuring that Kiwis who reach out to them can control their life and protect their future. The company offers a wide variety of financial services for any purpose: from education, insurance, investment to retirement. The company even provides scholarships and conducts projects for the community.

What Are the Requirements?

To avail AMP Home Loans with AMP Financial services, you can request for a home loan with the use of your AMP KiwiSaver account. You must also ensure that when you use the account for your home loan, you will still have a $1,000 balance.

When you find the property you want, you need to submit the following:

  1. a completed first home withdrawal application form
  2. a copy of the sale and purchase agreement for the property you want
  3. a letter of undertaking from your solicitor which confirms that the funds withdrawn will be part of the deposit or final settlement of the property.
  4. valid identification and address
  5. proof of your solicitor’s bank account details which AMP will send the funds to.

If you had already owned a property before, you may still be able to request aid from AMP. However, the borrower must get an approval from Housing New Zealand who will consider their circumstance.

New applicants can apply for AMP Home Loans by joining the AMP KiwiSaver Scheme. They can apply online or visit any AMP branch.

Swift Applications

If the borrower is an AMP KiwiSaver Scheme client, they only need to submit the requirements to get the AMP Home Loans sorted. Once the forms and requirements have been submitted, AMP will review it and give an answer 8 working days before the property’s settlement date. AMP will also determine how much can be borrowed upon reviewing the requirements submitted.

Borrowers may request a cancellation of their home loans before and after they get an advance. They will need to pay fees that may have been incurred during these periods.

AMP Home Loan Repayments

Repayments can be done weekly, fortnightly or monthly depending on the client’s capacity. Borrowers may even decide to pay only the interest or both the principal and interest when they repay their loans. It could be directly debited from your payment account or any account you have with AMP. AMP also allows repayment holiday for home loans if it has already been active for a year. Borrowers may even change their payment frequency when they believe they are ready for it. Early repayments are allowed but there may be fees included.

For those who are experiencing hardship, AMP is open for negotiations to adjust your loan repayments. They will look into your situation and see how it can be done.

Apply Now

Buying a home is a big step in life that you cannot do haphazardly. By getting a home loan from AMP, you will be able to secure that house you have been dreaming of without the stress of sorting out your loans. Inquire today and find out more about their services.

AMP Contact Details

Want to ask more about AMP Home Loans and the other services AMP offers? You can inquire through their hotline or e-mail every Mondays to Fridays from 8:00 am to 6:00 pm. They can also be visited in their branches or through postal mail.