Ratings
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.
| Lenders | Rate of Interest | Comparison Rate | Ratings | |
|---|---|---|---|---|
 Australian Military Bank Ltd | 6.44% | 6.41% |
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Pros
Strict lending policies.Signup Fees.Strict Age Restrictions.Customer Support.
Cons
High Property Value for First Home Buyers.Home Loan for Self-Employed.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.
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.
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.
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.
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.
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]
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.
You'll usually need to provide various documents to prove your eligibility, such as:
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.
Once you've filled out the application with all the important details, you can submit the application for review.
The bank will assess your application on every parameter. If approved, you'll receive a loan offer detailing the terms and conditions.
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.
For defence personnel, additional documents may be required to prove your status and any conditions related to deployments or relocations
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.
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.
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.
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.
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.
Missing a repayment will usually result in late fees and could negatively affect your credit score.
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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