Australian Military Bank Fixed Rate Personal Loan
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- Interest Rate (p.a.)
- 8.95%
- Comparison rate (p.a.)
- 9.85%
- Min Loan Amount
- $4,000
Summary
A personal loan option with a competitive interest rate and a low application fee.The Australian Military Bank Fixed Rate Personal Loan has some strong features, with an interest rate in the top half of the most competitive loans and an application fee in the top 10% of the lowest in our database.
Borrowers should be mindful of the $10 monthly fee which adds to the overall cost of the loan. It has a Finder Score of 7.5 out of 10.
Details
Product details
| Product Name | Australian Military Bank Fixed Rate Personal Loan |
| Interest Rate (p.a.) | 8.95% |
| Comparison rate (p.a.) | 9.85% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $4,000 |
| Max. Loan Amount | $75,000 |
| Loan Security | Unsecured |
How does Australian Military Bank Fixed Rate Personal Loan compare?
- Competitive interest rate. Its minimum interest rate sits in the top half of lower rates on our database.
- Low application fee. The application fee is in the top 10% of the lowest on our database.
- Ongoing monthly fee. A $10 monthly fee adds to the total cost of borrowing.
Main points to consider with this personal loan
This loan comes with a fixed interest rate from 8.95% p.a. The rate you receive depends on your credit history. You can apply for between $4,000 and $75,000, or up to $40,000 if you are looking to consolidate debt. Loan terms up to 7 years are available.
No fees apply if you repay your loan early or make extra repayments, but a $10 monthly fee applies as well as an application fee of $150.
Features of the Australian Military Bank Fixed Rate Personal Loan
This unsecured personal loan comes with a number of features, including:
- Tailored interest rate. This personal loan comes with a fixed rate from 8.95% p.a. and is dependent on your credit history.
- Loan amounts. You can apply for between $4,000 and $75,000. If you're consolidation debt the maximum loan amount is $40,000.
- Flexible repayment structure. You can choose your repayment frequency – weekly, fortnightly or monthly – and you can make extra repayments or pay off your loan early if you are able. Loan terms up to 7 years are available.
- Salary repayment option. You can choose to make repayments directly from your salary.
What fees apply to this personal loan?
You will be charged the following fees:
- $10 monthly fee
- Application fee of $150
How you can apply for the Australian Military Bank Variable Rate Personal Loan
You can start your online application by clicking "Go to Site". Make sure you meet the following eligibility requirements before submitting your application:
- You're over the age of 18
- You're a citizen or permanent Australian resident
- You're currently employed or receive a regular income
- You have had good credit history for the past five years
If you meet these eligibility criteria you can start the application. You will need the following information on hand to complete it:
- Employment details including your income and your most recent payslip
- Details of your assets including vehicles, shares, savings and super
- Information regarding debts such as credit card limits and other loans
Keep in mind you will need to become a member of Australian Military Bank when applying for this personal loan. You will receive your indicative interest rate when you apply.
You can also find and compare personal loan options before you decide to go ahead with any loan.
Your reviews
Alex Finder
Publisher
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Jhez Finder
June 25, 2019
Hi Squizzy,
Thank you for your comment.
The Australian Military Bank variable rate personal loan does not offer loans to pensioners, and they may approve applications for those who have had good credit history for the past five years. You may refer to our list of pensioner loan providers instead.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Regards,
Jhezelyn
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Squizzy
June 25, 2019
Do you loan to pensioner who have a limited credit history?