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Australian Military Bank

Variable Offset Home Loan

Advertised Rate

4.68

% p.a

Variable

Comparison Rate*

4.72

% p.a

Maximum LVR
Less than 95%
Real Time Rating™

1.99

/ 5
Monthly Repayment

$1,698

based on $300,000 loan amount for 25 years at 4.68%

Advertised Rate

4.68

% p.a

Variable

Comparison Rate*

4.72

% p.a

Maximum LVR
Less than 95%
Real Time Rating™

1.99

/ 5
Monthly Repayment

$1,698

based on $300,000 loan amount for 25 years at 4.68%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,698

based on $300,000 loan amount for 25 years at 4.68%

Quick home loan review

For Variable Home Loan (LVR 90%-95%) ($150k-$250k)

These are the benefits of this home loan.

  • No ongoing fees
  • 100% full offset account
  • Suitable for low deposits
  • Redraw facility available
  • Extra repayments and redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Higher than average interest rate
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Variable Home Loan (LVR 90%-95%) ($150k-$250k)

Details

Maximum LVR

Less than 95%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

5 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $20

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

$750

Application fee

$500

Valuation fee

$250

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$300

Application method

Online

Phone

Broker

In branch

Other Benefits

Loan amount, inclusive of Lenders Mortgage Insurance (LMI) premium, with LVR of up to 95% is available but at different rate.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $150k to $250k.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 94.99 percent, which means it requires a minimum deposit of 5.01 percent

What's the maximum length for this loan?

Australian Military Bank allows you to have this loan for a range of 5 to 30 years.

How often can you make repayments?

Australian Military Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $750 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $20 if you need to use it.

Where can you apply for this loan?

Australian Military Bank makes it possible to apply for this product online. Apply here.