Finder makes money from featured partners, but editorial opinions are our own.

Australian Military Bank home loans

Australian Military Bank has home loan rates starting from 5.99%.

No reviews yet. Write a review

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 November 2024

{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFHL_FINDER_SCORE","nicheCode":"AUFHL","fields":[{"name":"LOAN_AMOUNT","value":"150000","options":"","label":"Borrowing amount","suffix":"$","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"30","options":"","label":"Period","suffix":"years","useSuffixAsPrefix":false,"useDropDownOption":false,"tooltip":""}]}
Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Australian Military Bank logo
Principal & InterestInterest only 2Y Fixed10% min. depositOwner-occupier
Australian Military Bank logo
Principal & InterestInterest only 2Y Fixed10% min. depositOwner-occupier
Product NameAustralian Military Bank Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.6.10%
Comp. Rate p.a.6.84%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.10%
Comparison Rate
6.84%
Fees
Application: $450
Ongoing: $0 p.a.
Monthly Payment
$910
Australian Military Bank logo
Principal & InterestInterest only 2Y Fixed10% min. depositInvestment
Australian Military Bank logo
Principal & InterestInterest only 2Y Fixed10% min. depositInvestment
Product NameAustralian Military Bank Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest Interest Only
Interest Rate p.a.6.35%
Comp. Rate p.a.7.09%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.35%
Comparison Rate
7.09%
Fees
Application: $450
Ongoing: $0 per month
Monthly Payment
$935
Australian Military Bank logo
Principal & Interest10% min. depositInvestment
Australian Military Bank logo
Principal & Interest10% min. depositInvestment
Product NameAustralian Military Bank Rate Saver Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.68%
Comp. Rate p.a.6.72%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.68%
Comparison Rate
6.72%
Fees
Application: $0
Ongoing: $8 per month
Monthly Payment
$967
Australian Military Bank logo
Principal & Interest10% min. depositOwner-occupierOffset account
Australian Military Bank logo
Principal & Interest10% min. depositOwner-occupierOffset account
Product NameAustralian Military Bank Value Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.98%
Comp. Rate p.a.7.02%
Minimum Loan Amount$150,000
Maximum Loan Amount $2,500,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.98%
Comparison Rate
7.02%
Fees
Application: $450
Ongoing: $0 p.a.
Monthly Payment
$997
Australian Military Bank logo
Principal & Interest5% min. depositOwner-occupierOffset account
Australian Military Bank logo
Principal & Interest5% min. depositOwner-occupierOffset account
Product NameAustralian Military Bank DHOAS Value Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.98%
Comp. Rate p.a.7.02%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.98%
Comparison Rate
7.02%
Fees
Application: $450
Ongoing: $0 p.a.
Monthly Payment
$997
loading
Showing 5 of 15 results

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.
  • Tiimely Home. 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.

Compare other products from Australian Military Bank

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

Richard Whitten's headshot
Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 551 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips
More resources on Finder

More guides on Finder

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

      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.

Go to site