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Australian Military Bank Personal Loans

Australian Military Bank is a mutual organisation, which since 1959 has offered financial services to Australian defence personnel and their families.

These days, you don’t have to wear a uniform to become a member; you just have to be an Australian citizen or permanent resident.

Australian Military Bank has 53,000 members and assets worth $1.25 billion.

There are 30 branches at major defence bases across Australia as well as ‘on base’ ATMs.

Australian Military Bank personal loan repayment calculator

Thinking about taking out a personal loan with Australian Military Bank? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Australian Military Bank personal loans compare with other options.

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Australian Military Bank Personal Loans rates

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Features of Australian Military Bank personal loans

Fixed and variable interest rates: Interest rates are tailored based on your personal credit history. About 24 hours after you apply, a lending specialist will call you to let you know what your interest rate is.

Secured and unsecured personal loans: The bank offers either a personal loan where there is collateral or security (like a car/boat/motorbike), which is known as a secured loan, as well as an unsecured loan where there is no collateral.

Personal loan terms: 1-7 years

Personal loan amount: From $1,000 to $80,000

Repayment options: Repayments can be made weekly, fortnightly or monthly, with options to make repayments directly from your salary. You can make extra repayments or pay off the entire loan without penalty.

Australian Military Bank branch access is limited to just major military bases across Australia, but members can also speak to lending specialists over the phone or via email.

Members can get customer service the following ways:

  • Branch: 30 across Australia at major defence bases
  • Phone: Monday-Friday 8am – 6pm; Saturday 9am – 12pm (AEST)
  • Email

Who is eligible for an Australian Military Bank personal loan?

It’s important to note that despite its name, you don’t have to be a defence force employee to take out a personal loan with Australian Military Bank.

However, you will need to:

  • Be 18 years or over
  • Be an Australian citizen or permanent resident
  • Have proof of income/assets

How to apply for an Australian Military Bank personal loan

You can either apply for a personal loan online, over the phone or in person at an Australian Military Bank branch.

You will need the following documents:

  • Proof of identification
  • Proof of income and employment
  • Details about your credit history

Australian Military Bank personal loans review

Australian Military bank offers a wide variety of personal loans that would suit many borrowers.

Despite the name, Australian Military Bank not only offers financial services including personal loans to defence personnel, but to all Australian citizens and permanent residents.

Members with a good credit score will get a lower interest rate on a personal loan than those with a poor credit score. This is because Australian Military Bank tailors interest rates to individual members. The interest rates vary from very low all the way to high. It also offers fixed-rate and variable-rate loan options.

There is an establishment fee, as well ongoing monthly fees charged on all personal loans. However, unlike some lenders, Australian Military Bank doesn’t charge members if they wish to make extra repayments or pay off the entire loan amount early. There is an optional redraw facility, but fees apply.


Personal loans may require a borrower to provide proof of identity, proof of residence, details of any other outstanding loans (including credit cards), details of assets they own (e.g. savings, car, property), and proof of income.

While borrowers in full-time or part-time employment can often provide payslips and similar documents to prove their income, self-employed borrowers may need to provide other information, such as bank statements or tax returns, to demonstrate that their income can cover a loan’s repayments.


^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, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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