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Australian Military Bank

Australian Military Bank home loans

The Australian Military Bank was founded in 1959 and is Australia’s longest serving defence financial organisation with over $1 billion in total assets. Formerly the Australian Defence Credit Union, it was renamed the Australian Military bank in 2015.

The bank has over 50,000 members and over 30 branches at military bases around Australia. They offer home and personal loans, credit cards, savings accounts, insurance and superannuation, as well as financial planning and advice.

The Australian Military Bank has won numerous awards, including Money Magazine’s Best DIY Savings Account Award in 2016.

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Personal Finance Editor

Content updated

17 Oct, 2022

Product data updated

22 Dec, 2024

Why choose Australian Military Bank

Benefits

Interest only option for investors.
Discounted rates for large deposits.
Flexible payment options.

Drawbacks

Relatively high variable rates.
Branch access limited to military bases.

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

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All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.

Contact a mortgage broker

Australian Military Bank home loans are available through brokers who can help find the right loan and manage your application at no charge.

Arnab Baral

VIC3030

Australian Credit Licence: 384324

4.9

162 Google reviews

Get expert advice from a home loans specialist.

Arnab Baral is a distinguished Mortgage Broker at Cinch Loans, proudly serving the community across Australia. With a we...

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Aileen Ho

NSW2000

Customer Representative Number: 392035

5.0

136 Google reviews

Get expert advice from a home loans specialist.

Aileen has over 10 years of banking experience across the two major banks, Westpac and ANZ and as a Mortgage Broker sinc...

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Lee Tsiboukas

QLD4216

Customer Representative Number: 550725

5.0

13 Google reviews

Get expert advice from a home loans specialist.

Lee is a mortgage broker located on the Gold Coast in QLD, bringing over 15 years of experience in steering a Real Estat...

View Profile

Australian Military Bank customer service

Home loan customers can contact the Australian Military Bank in a variety of ways. They have a general customer phone line and can also be contacted by email or online. Customers can also meet with a lending specialist in person at a local branch or request a call back via the Australian Military Bank website.

Customer service centre (phone)
Mobile app
Online banking
Email
Branch

How to Apply

Home loan customers at the Australian Military Bank can apply for a loan via an online application form. There is also the option to call or visit a lending specialist in person at an Australian Military Bank branch, or to make an appointment with a mobile lender at a preferred time and location.

Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

Proof of personal identification.
Proof of income and employment.
Proof of other income, assets and earnings.
Details of current debts, loans and liabilities.
Personal insurance documents.

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Australian Military Bank home loans

Why choose Australian Military Bank

Benefits

Drawbacks

Australian Military Bank Home Loans