The Finance Algorithm
AMB Bank Product

Standard Variable Home Loan

Standard Variable Home Loan with the benefit of 100% offset facility The Standard Variable Home Loan is also available for DHOAS eligible applicants

Home loansBank updated 27 Aug 2026
At a glance
Variable (owner occ. P&I)
6.94% · 6.97% comparison
Max LVR
98%
Features
offset, redraw, extra repayments
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
VariableOwner occupied · P&I≤98% LVR6.94%6.97%
§ 02 — Fees · 16
FeeTypeAmountWhenNotes
Archive retrieval feeEvent$50A hourly fee applies plus any expenses incurred
Arrears notice feeEvent$202nd and subsequent reminders by letter or phone
Audit Certificate FeeEvent$50Per audit certificate requested
Consent feeEvent$250For 2nd or subsequent mortgages or lease registration
Copies of statements (over 12 months) at branch or postedEvent$5per page
Copies of statements (up to 12 months) at branchEvent$2.50
Copies of statements (up to 12 months) postedEvent$1per page
Default notice feeEvent$30Payable when a notice is issued regarding a default under the contract
Documentation re-issue feeEvent$100+ 3rd party costs
Mortgage discharge feeEvent$120+ 3rd party costs
Property valuation feeEvent$250At cost. Minimum is $250.00
RateSaver Switch FeeEvent$100+ 3rd party costs-To switch to a RateSaver Loan
Switch/variation fee - home & investment loansEvent$100+ 3rd party costs -To switch or vary home loans (other than switching to RateSaver)
Paper statement fee (per statement)Periodic$2Every 3 mo
Redraw fee (per redraw)Transaction$10
Processing feeUpfront$450
§ 03 — Features
Offset accountRedrawExtra repaymentsRelationship Reward Program
  • · Split Loan
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: Individuals must be citizens or permanent residents of Australia.
  • · Employment: Applicants must be currently employed or receiving a regular income. Self employed clients should contact the Bank prior to applying
  • · Available to individuals
  • · Amount $50,000 to $5,000,000
  • · Maximum LVR 98%
  • · the minimum loan term for home loans is 8 years.
  • · Maximum Loan Term 30 years

Published by Australian Military Bank under the Consumer Data Right, last changed by them on 27 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.