Rates as at 28 Sep 2026
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Australian Military Bank's Standard Offset rate option for owner-occupiers carries a variable interest rate of 6.94% (comparison rate 6.97%), meaning the rate can move when the lender changes its rates. Repayments are principal and interest, reducing the loan balance over time. You can borrow up to 98% of the property value with a deposit of at least 2%, though deposits under 20% usually attract Lenders Mortgage Insurance. The loan includes a 100% offset facility, with redraw and extra repayments also available.
This summary was generated from Australian Military Bank’s published product data for this specific rate option. Always confirm current rates with the lender.
Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.
LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.
IMPORTANT:Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Australian Military Bank or a mortgage broker just to be sure. This information should be used as a guide only.
Australian Military Bank charge a discharge fee of $120, which covers the cost for removing the mortgage that has been registered on the title of your property.
Yes, Standard Offset comes with a 100% offset account. A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
There is upfront costs of $1036 to apply for Standard Offset. Application fee: $500
Valuation fee: $250
Legal fee: $286 Standard Offset also comes with ongoing account fees of $96 per year. Monthly fee: $8 per month
Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Australian Military Bank or a mortgage broker just to be sure. This information should be used as a guide only.