flagFounded: 1959

businessOwned by: Customer-owned

monetization_onFunded by: Retail deposits and wholesale capital markets

securityLMI Provider: Genworth

account_balanceLender type: Mutual Bank

Australian Military Bank, formerly Navy (Civil Staff) Co-op. Ltd is recognised as one of three DHOAS (Defence Home Ownership Assistance Scheme) home loan providers by the Department of Defense.

As a customer-owned bank, their shareholders are members, so the profit goes back into supporting themselves and Australian Defence Force (ADF) personnel.

They offer 24/7 globally accessible digital home loan services with lower fees and flexible facilities.

How do Australian Military Bank’s home loans compare?



What home loan types do they have?

Despite specialising in DHOAS home loans, Australian Military Bank does provide several home loan offers.

  • The RateSaver Home Loan is their simple vanilla loan with unlimited extra repayments and the ability to redraw.
  • Variable home loans such as the Value Home Loan offer the benefit of 100% offset facility.
  • Borrowers can get up to 80% of the property value through a special line of credit loan with the facility to redraw.

Do I have to be an ADF member?

No, but eligible ADF personnel receive low cost home loans plus a subsidy. However, the borrowers must apply for DHOAS home loans to be eligible for the subsidy.

Some products are only applicable for ADF members, while DHA investment and other investment home loans are available to borrowers with connection to the Defence community.

You can check out the defence force home loan discounts page to read more qualifying for DHOAS subsidies.

Tips for applying with Australian Military Bank

Australian Military Bank offers globally accessible digital service and has branches at major defence bases meaning you can apply from anywhere.

  • You can choose to apply online for standard or DHOAS home loans or by visiting a local branch if that’s more convenient.
  • You might need to provide documents in detail for most home loan options.
  • If you’re applying for a DHOAS loan, it’s important you get a subsidy certification from the Department of Veterans’ Affairs first.
  • Make sure to use 100% offset account when applicable.
  • The bank suggests using tax return cash or bonus to pay off the loan faster – with no additional cost for repayments.

Compare Australian Military Bank to other lenders

Still not sure which lender is right for you? Talk to one of our specialist mortgage brokers at Home Loan Experts.

We’re experts in getting home loan discounts for ADF members.

We’ll first discuss your situation, complete a pre-assessment and find a couple of suitable lender options for you.

Give us a call on 1300 889 743 or fill in our free online enquiry form.