Australian Military Bank Ltd Home Loan



Australian Military Bank Home Loan

Australian Military Bank Ltd. has been operating as a bank since 1959 for Australian Defence personnel and their families. The Bank provides loans, superannuation, credit and debit cards, insurance, savings accounts, deposits, e-banking, insurance, and other associated services. The bank is purely dedicated for the financial needs for the defence personnels since 60 years.

Australian Military Bank Ltd Home Loan Rates

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Australian Military Bank Ltd




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Pros & Cons-Australian Military Bank Ltd


  • Strict lending policies.
  • Signup Fees.
  • Strict Age Restrictions.
  • Customer Support.


  • High Property Value for First Home Buyers.
  • Home Loan for Self-Employed.

Australian Military Bank Home Loan

The Australian Military Bank offers a wide spectrum of financial services to its customers. These are inclusive of savings accounts, term deposits, personal loans, home loans, and insurance. Over the years,  the Australian Military Bank has proven to be one of Australia's longest-serving banks and is committed to providing top class services to its customers. The bank has its presence at various Australian Defence Force bases, making it a seamless experience for people living in faraway places to access smooth banking services without any kind of hassle.

Features of a Australian Military Bank Home Loan

Following are the features of Australian Military Bank Ltd. 

Savings Accounts

Australian Military Bank Ltd. offers an easy to manage savings account to its users. One can choose from a range of savings accounts that resonate with their defence lifestyle and their everyday needs. One can find everything from Christmas Club savings plans to savings accounts primarily tailored for kids, teens, and adults.

Term Deposits

With Australian Military Bank Ltd. term deposits, the individual's savings will be protected from market risks, and you can expect a predictable return. The deposit will be guaranteed by the Australian Government, and you can receive interest payments taken monthly or at maturity.

Everyday Accounts

Looking for a transaction account that simplifies money management and budgeting? With Australian Military Bank Ltd.,  customers get five types of Everyday bank accounts that are tailored to fit their daily financial requirements. These are the Pension Access Account, Military Rewards Account, Mess Account, Recruit Salary Saver Account, and Access Account.

Personal & Car Loans

At Australian Military Bank, the bank prioritises giving excellent value to its customers. With features like penalty-free extra repayments or early loan payoffs, and the convenience of salary-deducted loan repayments, the bank aims to make the financial journey of its customers a smooth experience.

Who is Eligible for an Australian Military Bank Home Loan?

Depending on the loan product and the financial situation of the individual, the eligibility criteria for availing a loan from the Australian Military Bank Ltd. may differ. To learn more, one can get in touch with the customer support team at the Australian Military Bank. 

Email - [email protected]

How to Apply for an Australian Military Bank Home Loan?

Here’s how you can apply for an Australian Military Bank Home Loan:

Step 1: Determine Eligibility

Before applying for a home loan, it is wise to check the eligibility criteria for the specific loan product you want to apply for. Many times, there are calculators and resources on the bank’s website to help you understand what you can afford.

Step 2: Gather Documentation

You'll usually need to provide various documents to prove your eligibility, such as:

  • Proof of identity (e.g., passport, driver's licence)
  • Proof of income (e.g., recent pay slips, tax returns)
  • Credit history
  • Information about the individual's debts, assets, and liabilities
  • Property valuation, if applicable

Step 3: Complete the Application

The application can usually be completed online or in person at a branch. The online option often provides a quick, conditional approval process if you meet the bank’s criteria.

Step 4: Review and Submit

Once you've filled out the application with all the important details, you can submit the application for review.

Step 5: Assessment and Approval

The bank will assess your application on every parameter. If approved, you'll receive a loan offer detailing the terms and conditions.

Step 6: Settlement

Once the loan is approved and the contract is signed, the funds are transferred to the seller or their financial institution, completing the property purchase process.

Step 7: Start Repayments

After settlement, you'll begin making your agreed-upon repayments.

Documents Required for Australian Military Bank Home Loan

Identification Documents

  • Proof of identity, such as a valid passport or driver's licence
  • Proof of Citizenship or Residency Status

Income and Employment Verification

  • Recent pay slips (usually the last 2-3 months)
  • Employment contract or letter from employer confirming employment status and income
  • Tax Returns and Notices of Assessment for the past 1-2 years (especially for self-employed applicants)
  • Other sources of income, if applicable (e.g., rental income, dividends, etc.)

Financial Records

  • Bank statements for checking and savings accounts (usually last 3-6 months)
  • Statements for existing loans, credit cards, and other debts
  • Investment portfolio statements, if applicable

Property Information

  • Contract of Sale for the property you intend to purchase
  • Property valuation report, which may be conducted by a valuation firm approved by the bank
  • Building inspection reports, if applicable


  • Home insurance quote or policy
  • Lenders' Mortgage Insurance (LMI) information, if applicable

Special Conditions

For defence personnel, additional documents may be required to prove your status and any conditions related to deployments or relocations

Customer Service for Australian Military Bank Home Loan

The team at Australian Military Bank Ltd. is always there to help its customers with any query. To get in touch with the customer service at Australian Military Bank, you can call the following number - 1300-13-23-28. For overseas inquiries, one can call the following number +61 2 9240 4122.

Australian Military Bank Home Loan Calculator

The Australian Military Bank Ltd. typically provides a Home Loan Calculator on its website or mobile application for prospective borrowers. Following are the different types of calculators available at the bank’s website, along with the home loan calculator. 

  • Borrowing Power Calculator 
  • Home Loan Repayment Calculator 
  • Car Loan Repayment Calculator 
  • Balance Transfer Calculator
  • Extra Repayment Calculator
  • Split Loan Calculator 
  • Lump Sum Repayment Calculator 
  • Loan Comparison 
  • Stamp Duty Calculator

Frequently Asked Questions

What types of home loans does Australian Military Bank Ltd offer?

The Australian Military Bank typically offers a variety of home loan options tailored to suit different needs. Here are the types of home loans offered by the Australian Military Bank.

  • RateSaver Home Loan 
  • Value Home Loan
  • 2 Year Fixed Rate Home Loan
  • 3 Year Fixed Rate Home Loan
  • Construction Loan 
  • Variable Offset Home Loan
  • 1 Year Fixed Rate Home Loan
  • 5 Year Fixed Rate Home Loan

How much can I borrow with an Australian Military Bank Home Loan?

Depending upon the type of home loan you are planning to get yourself, the amount may be subject to change. Under this condition, you will need to get in touch with the customer support team of Australian Military Bank. However, the minimum loan amount is $150,000.

How long does it typically take to get approved for an Australian Military Bank Home Loan?

The approval time can vary based on your specific circumstances and the completeness and accuracy of the documents you provide. Some loans offer conditional approval almost instantly online, while traditional loans might take several days or even weeks for full approval after all documents have been reviewed and property valuations are complete.

What happens if I miss a repayment on my Australian Military Bank Home Loan?

Missing a repayment will usually result in late fees and could negatively affect your credit score.

What support and resources does Australian Military Bank Ltd offer to home loan borrowers?

Australian Military Bank typically offers various resources to assist borrowers, which may include online and mobile banking, specialised financial advisors, customer service as well as other informational resources like guides, FAQs, calculators, etc.


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