Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .

Australian Military Bank is Australia's longest serving Defence financial institution. Since 1959, the bank has been helping Defence personnel and their families 'make the most of their money'.  Formerly known as the Australian Defence Credit Union, it changed its name to Australian Military Bank in 2015. 

Australian Military Bank focuses on providing its members with 'better quality services, lower fees and competitive interest rates'. The bank also works to strengthen the communities its involved in through sponsorships; sporting partnerships; and its branch network and mobile banking services. 

The bank is member-owned with more than 56,000 members. In addition to home loan products, the bank offers personal loans, car loans, credit cards, insurance, and more. 

To apply for a home loan with Australian Military Bank, you must be a member. Though the bank specialises in providing financial solutions to the defence community, anyone can apply for membership.

To be eligible, you must be at least 18 years old; an Australian citizen or permenant resident; and provide a copy of your drivers licence and Medicare card.

When you apply for a home loan, you will need to provide the following:

  • Employment and income details
  • Details of your assets – savings, investments or property among other things
  • Details of your debts – credit cards or personal loans
  • Personal insurance documents

You can apply for a loan via an online application form, by calling or visiting a lending specialist, or by making an appointment with a mobile lender at a preferred time and location.