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Australian Military Bank home loans

Australian Military Bank has home loan rates starting from 6.3%.

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Richard Whitten

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Australian Military Bank is a customer owned bank that offers a range of home loans for Australian borrowers. Check out the full table of Australian Military Bank products below or read more about the lender.

Compare Australian Military Bank home loans for April 2024

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1 - 5 of 11
Updated regularly
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Australian Military Bank Fixed Rate Home Loan
Principal & InterestInterest only 2Y Fixed10% min. depositOwner-occupier
Interest Rate
6.45%
Comparison Rate
6.91%
Fees
Application: $450
Ongoing: $0 p.a.
Monthly Payment
$945
Australian Military Bank Fixed Rate Home Loan
Principal & InterestInterest only 2Y Fixed10% min. depositInvestment
Interest Rate
6.70%
Comparison Rate
7.16%
Fees
Application: $450
Ongoing: $0 p.a.
Monthly Payment
$969
Australian Military Bank Rate Saver Home Loan
Principal & Interest10% min. depositInvestment
Interest Rate
6.68%
Comparison Rate
6.72%
Fees
Application: $0
Ongoing: $8 p.a.
Monthly Payment
$967
Australian Military Bank Value Home Loan
Principal & Interest10% min. depositOwner-occupierOffset account
Interest Rate
6.98%
Comparison Rate
7.02%
Fees
Application: $450
Ongoing: $0 p.a.
Monthly Payment
$997
More Info
Australian Military Bank DHOAS Value Home Loan
Principal & Interest5% min. depositOwner-occupierOffset account
Interest Rate
6.98%
Comparison Rate
7.02%
Fees
Application: $450
Ongoing: $0 p.a.
Monthly Payment
$997
More Info
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Australian Military Bank key facts

  • Australian Military Bank is a customer owned bank based in New South Wales.
  • It offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as credit cards, insurance, car and personal loans

Australian Military Bank home loan features

Here are the key features and details you need to know about Australian Military Bank's mortgage products.

FeatureDetails
Minimum depositIt's possible to get a home loan with a deposit as low as 20%.
Offset accountYou can get an offset account with several Australian Military Bank loans.
Repayment optionsMany of its home loans allow you to make interest only repayments for a limited period. The lender also offers the standard principal and interest repayments on its loans.

How do I apply for a mortgage from Australian Military Bank?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Australian Military Bank you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

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2 Responses

    Default Gravatar
    NielsMay 31, 2016

    Is Australian Military Bank covered by the government $250.000 guarantee, as I am considering them for my savings.
    Regards
    Niels

    Reply
      AvatarFinder
      MarcJune 2, 2016Finder

      Hi Niels,
      thanks for the question.

      Australian Military Bank is covered by the government guarantee on the following accounts:

      – Savings accounts: 100% Mortgage Offset, Access, Junior Access, Star Saver Direct, Online Saver, Cash Management, Recruit Salary Saver, Mess Account and Christmas Club.
      – All term deposits
      – Retirement accounts: DIY Super Saver, Deeming Access, Capital Guaranteed Super and Capital Guaranteed Pension.

      I hope this helps,
      Marc.

      Reply
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