AMP Bank has announced it will reduce the variable rate for new owner occupied loans on the AMP Essential Home loan to 3.99 per cent, making it one of the most competitive in the market.

The variable Professional Pack Home loan will also be reduced to 3.99 per cent for loans over $750,000 and with a Loan to Value Ratio (LVR) of less than 80 per cent.

The offers are part of a limited time special and consistent with AMP Bank's commitment to help more Australians own their own homes.

The changes are effective Monday 12 October and will apply until 30 November 2015.

For more information and comparison rates, visit www.amp.com.au/homeloans or call 13 30 30.

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