Australian Military Bank Investment Home Loan

Features

The Australian Military Bank Investment Home Loan will provide borrowers with a range of features deigned to be useful in a loan for residential investments.

Borrowers will be able to make additional repayments on the Investment Home Loan at any time, reducing the loan premium quicker than would be possible otherwise. To provide borrowers with extra security and flexibility, the Investment Home Loan comes with a redraw facility that will allow borrowers to withdraw any funds they may have put towards extra repayments, in case that money should be needed elsewhere.

Borrowers will be able to speed up the process of refinancing easier with the 100 per cent offset account that can be linked to the Australian Military Bank Investment Home Loan. This account will reduce the interest payable on the loan in proportion to the amount of money deposited into it.

The Australian Military Bank Investment Home Loan also offers flexibility for payments and loan structure. Borrowers will be able to choose to pay weekly, fortnightly or monthly, depending on what best suits their income cycle. They will also be able to choose to split the investment loan with other Australian Military Bank loans, allowing them to combine the variable rate of the Investment Loan with a fixed rate of interest for added predictability.

The Investment Home Loan also requires a low minimum deposit and a low minimum loan size, to help borrowers seek a range of different opportunities.

Who is the Australian Military Bank Investment Home Loan good for?

The Australian Military Bank Investment Home Loan will suit borrowers looking to buy an investment property, and can accommodate a range of investment sizes. Borrowers hoping to refinance quickly will find that this loan’s features give them everything they need for a swift and secure switch of their loan.

Review - What RateCity says

The Australian Military Bank Investment Home Loan offers a simple and effective suite of features designed to help borrowers pay off their loan quickly and easily. Borrowers wanting to buy an investment property of any size may find that the Investment Home Loan helps them to achieve their goals.

Its additional repayments and 100 per cent offset account will come in handy for borrowers trying to refinance their loan to one that will help them reduce interest in the long term. Borrowers should note that this loan may only be used for the purchase of a residential investment property.

Australian Military Bank Investment Home Loan Options

The Australian Military Bank Investment Home Loan offers options for borrowers, including options that involve low deposits or loan sizes.

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More details

Variable Rates from

4.10%

Advertised rate

4.24%

Comparison rate
Pros
  • Additional repayments allowed.
  • 100 per cent offset account available.
  • No ongoing fees.
Cons
  • For investment properties only.
  • Relatively high upfront fees.
  • Not portable.
Eligibility

Australian resident.

At least 18 years of age.

Member of Australian Military Bank.

Proof of income must be provided.

Suitable For
  • First Home Buyers
  • Investors
  • Refinancers
Fees
  • Estimated upfront fees: $1014.00
  • Discharge fees: $300
  • Ongoing fees: $8 monthly

Borrower signing up to the Australian Military Bank Investment Home Loan will be charged no ongoing fees, allowing them to focus their money on refinancing and securing their investment.

Borrowers will be required to pay an upfront fee during the loan’s establishment, and a discharge fee at the time of the loan’s termination.

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Australian Military Bank

Founded in 1959, the Australian Military Bank provides financial services to the Australian defence forces. It provides these services around Australia and has a range of home loans designed to help borrowers access the market easily. The bank provides an enquiry hotline six days a week and has 24/7 phone banking services available to customers.

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