Our range of DHOAS home loans are specially tailored to those in the Australian Defence Forces – with great rates and flexibility.

DHOAS Construction Loan

DHOAS Construction Home Loan

Building your dream home? The DHOAS Construction Home Loan lets you pay for the construction of your home at various stages of the building process.




up to 90%



Available from



The DHOAS Construction Home Loan features:
  • Borrow up to 90% of the property value (inclusive of LMI)4
  • Minimum loan amount of just $50,000
  • No monthly or annual fees
  • Loan term of up to 2 years
  • The option to make extra repayments
  • Interest only repayments during the construction phase to help you save
  • Split Option (with other DHOAS loans)
Applications for the DHOAS Construction Home Loan can be made online, over the phone on 1300 13 23 28 or by visiting your nearest branch.

Rates & Fees


Here’s everything you need to know about the rates and fees for the DHOAS Construction Home Loan:

  • Interest rate: 6.78% p.a.2
  • Comparison rate: 7.42% p.a.​3

Comparison rate based on a loan of $150,000 repaid over 25 years. WARNING: The comparison rate is applicable only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

  • Establishment fee: $450
  • Monthly fee: $0
  • Annual fee: $0
  • Draw-down fee: $65
  • Lenders Mortgage Insurance (LMI)4: Payable for loans with a deposit of less than 20%
  • 3rd party charges: Stamp duty, legal fees and valuation fees apply

Additional fees may be payable. For more information please see our Fees and Charges Schedule.

Download our Fees and Charges Schedule



We’re often asked similar questions about our DHOAS Construction Home Loan so here are our top five – can’t see your question? Call 1300 13 23 28.

I don’t need to borrow much money. What is the minimum amount?
With the DHOAS Construction Loan you can borrow as little as $50,000.
Can I choose my repayment frequency?
No, during the construction period payments are to be made monthly.
How long do I have to build my home? 
The construction period is up to 2 years from the date of settlement.
What happens after I’ve built my home?
Once your construction is complete, you’ll revert to another of our home loans. Talk to us about the best option to suit your lifestyle.
How do the progressive draw downs work?
Progressive draw down allows you to pay the builder for the construction or renovation in 3 stages as the building work reaches each stage of completion. Australian Military Bank will arrange a valuation to conduct progress inspections prior to payment. Please note these inspections are subject third party valuation fees and charges.

Interest Rates2

starting from

Comparison Rates3

starting from

Maximum Loan to Value Ratio (LVR)4
Relationship Rewards6
Offset Facility Option
Redraw Facility
Extra Repayments
Ongoing Fees
Establishment Fee
Loan Period
Interest Only Option
Split Option (with other DHOAS loans)
Buying a Home

Use the arrows to scroll through the many Australian Military Bank DHOAS Home Loans options  RESET


Make an appointment with a mobile banker

Make an appointment with a mobile banker

Your browser is out-of-date!
click here to access online banking click here to upgrade your browser