Lock in a Fixed Rate

Rates from

interest rate

comparison rate*

For Owner Occupiers

We are proud to have served the Defence Community for more than 60 years however, anyone is welcome to become a member at Australian Military Bank. We offer our members lifetime membership during which you can benefit from our great range of products and services.

Get started

Apply in under 10 minutes, even on your phone

No monthly orannual fees

Up to $200 cashback²

when you take out an eligible insurance policy with us

$200

If you purchase a new eligible home insurance through us by 30 June 2021²

Cashback 

Our fixed rate home loans for Owner Occupiers offer the security of knowing what your repayments will be.


A cashback of $200² is available when purchasing a new eligible home insurance through us by 30 June 2021.

Term

Interest Rate

Comparison Rate

2 year Fixed Rate Home Loan

3 year Fixed Rate Home Loan

5 year Fixed Rate Home Loan

DHOAS compatible

Minimum loan amount of $150,000

No monthly or annual fees

Loans available for purchasing a home or refinancing

Split Option with other standard variable rate home loans

"Thanks to the staff in the Direct Contact Centre, you have made the loan process fun and easy. You're the reason that I keep banking with Australian Military Bank."

Craig, WA - member since 2001

Here's what you'll need to apply

Facts and Fees

A bank statement showing your everyday transactions over the last three (3) months.

Application fee $500
Monthly fee $0
Annual fee $0
Minimum Loan Value $150,000
Maximum Loan Term 30 years
Mortgage discharge fee $300 + early break fee
Lenders Mortgage Insurance (LMI) Payable for loans with a deposit of less than 20%
3rd party charges Stamp duty, legal fees and valuation fees apply
Additional fees may be payable. For more information please see our Schedule of Fees and Charges.

Your latest payslip.

For online applications you'll need two forms of ID (ie. Drivers Licence, Passport, Medicare Card)

Applications are subject the banks normal lending criteria. Fees charges and lending criteria apply and will be included with our loan offer. A Financial Services Guide (FSG) is available at all Branches, on our website and upon request. For more information on interest only comparison rates, please contact the bank.

Rates shown apply during the fixed rate period of your loan. After the fixed period, your rate will automatically switch to a standard variable rate. Terms and conditions apply. The rates displayed are at 80% LVR (meaning that a minimum of 20% deposit is required plus fees).

*The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other amounts might result in a different comparison rate. Unless stated, all comparison rates are based on principal and interest repayments.

²A $200 cashback is available when you purchase a new eligible Accidental Damage, Listed Events or Fundamentals Home Insurance policy through Australian Military Bank with a policy start date on or after 19 March 2021 and before 30 June 2021. Only one cashback per eligible policy. Where a policy has more than one applicant and one applicant receives the cashback, all applicants are deemed to have received the cashback. Maximum cashback amount of $200. The cashback will be paid once the policy holder has paid for the policy in full or made their first direct debit and the cooling-off period has elapsed. This offer is not available in conjunction with any other offer and is subject to T&Cs and underwriting criteria. We reserve the right to withdraw this offer at any time.

Insurance Issued by Insurance Australia Limited ABN 11 000 016 722 (IAL) trading as CGU of 181 William St, Melbourne, VIC, 3000. Australian Military Bank Ltd ABN 48 087 649 741 AFSL and Australian Credit Licence Number 237 988 of Level 18, 45 Clarence Street, Sydney NSW 2000 acts under an agreement with IAL. Any advice is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase the insurance policy, you should consider your personal circumstances and the relevant Product Disclosure Statement available in branch or at https://www.australianmilitarybank.com.au/insurance .

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Australian Military Bank Ltd ABN 48 087 649 741 AFSL and Australian Credit Licence Number 237 988.