DHOAS RateSaver Home Loan
The DHOAS RateSaver Home Loan is our simple vanilla loan with a super-low rate, unlimited additional repayments as well as the ability to redraw.
Great
low rate
Redraw
Facility
No monthly
or annual fees
Overview
The DHOAS RateSaver Home Loan features:
- Low interest rate
- The option to make extra repayments to reduce your loan term
- Loan term up to 30 years
- Minimum loan amount of $150,000
- Flexible repayment frequencies - pay weekly, fortnightly or monthly
- Redraw facility
- Split Option (with other DHOAS Loans)
- No monthly or annual fees
- Variable interest rate; not available for the purpose of Construction
Rates & Fees
Here’s everything you need to know about the rates and fees for the DHOAS RateSaver Home Loan:
- Interest rate: 5.89% p.a.2
- Comparison rate: 5.92% 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.
- Monthly fee: $0
- Annual fee: $0
- Mortgage discharge fee: $120
- No processing fee with a deposit of 20% or greater
- 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
Questions
We’re often asked similar questions about our DHOAS RateSaver Home Loan – can’t see your question? Call 1300 13 23 28.
Can I make extra payments to the DHOAS RateSaver Home Loan?
Yes. You can make additional repayments to the DHOAS RateSaver Home Loan.
Can I redraw additional funds from the DHOAS RateSaver Home Loan?
Yes. If you’re ahead by more than one full repayment, you have the option to redraw money (minimum of $500) when you need it. A $10 fee applies per redraw.
Can I link an offset account to the DHOAS RateSaver Home Loan?
An 'Offset Facility' is NOT available with the DHOAS RateSaver Home Loan.
Can I split my DHOAS RateSaver Home Loan with another home loan?
Yes. You can split your DHOAS RateSaver Home Loan with another home loan as long as the DHOAS RateSaver Home Loan portion is equal to or greater than $150,000. For example, your DHOAS RateSaver Home Loan is $200,000 split with a $200,000 DHOAS Fixed Rate Home Loan - $400,000 total.
Can I choose my repayment frequency?
Yes. You can choose the repayment frequency that best suits you - weekly, fortnightly or monthly repayments.
Is the DHOAS RateSaver Home Loan available as 'Interest Only'?
There is no interest only option available on the DHOAS RateSaver Home Loan.
Can I use the DHOAS RateSaver Home Loan for the purpose of construction?
The DHOAS RateSaver Home Loan cannot be used for the purpose of construction.
Can I switch my existing Australian Military Bank Home Loan to a DHOAS RateSaver Home Loan?
No, the DHOAS RateSaver Home Loan is only available for new loan applications received from the 4th of June 2019 for loans equal to or greater than $150,000.
Can I apply for a RateSaver Home Loan for an investment property?
Yes. The Investment RateSaver Home Loan is available for new Investment Home Loan applications received from the 4th of June 2019 for loans equal to or greater than $150,000. For more infomation about the Investment RateSaver Home Loan, click here.
starting from
starting from
Use the arrows to scroll through the many Australian Military Bank DHOAS Home Loans options RESET
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Our simple vanilla loan with a super-low variable rate, unlimited additional repayments as well as the ability to redraw.5.89% p.a.5.92% p.a.Up to 95%$0$0Up to 30 yearsNo
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Get the flexibility of a variable rate with the benefit of a 100% offset facility6.29% p.a.6.32% p.a.Up to 95%$0$450Up to 30 yearsNo
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Two year fixed home loan offering the security of knowing what your repayments will be5.59% p.a.6.54% p.a.Up to 90%$0$450Up to 30 yearsNo
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Variable rate home loan with the benefit of 100% offset facility6.73% p.a.6.76% p.a.Up to 95%$0$450Up to 30 yearsNo
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One year fixed home loan offering the security of knowing what your repayments will be5.99% p.a.6.69% p.a.Up to 90%$0$450Up to 30 years-
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Three year fixed home loan offering the security of knowing what your repayments will be5.74% p.a.6.48% p.a.Up to 90%$0$450Up to 30 yearsNo
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Five year fixed home loan offering the security of knowing what your repayments will be6.05% p.a.6.46% p.a.Up to 90%$0$450Up to 30 yearsNo
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A variable rate loan helping you to build your dream home, granny flat or renovate your existing home6.53% p.a.6.56% p.a.Up to 90%$65 per draw down$450Up to 2 yearsYes
The small print
Rates effective for new business from 27 March 2025. Lending criteria, terms, conditions, fees and charges (including early break fees) apply.
1 During an Interest Only period, your interest only repayments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
2 Interest rates are based on new owner occupier home loans for $150,000 or more with a minimum deposit of:
- 40% for RateSaver and Value loans (incl. DHOAS) when making monthly principal & interest repayments,
- 10% for Fixed Rate loans (incl. DHOAS) when making monthly principal & interest repayments,
- 10% for Construction loans (incl. DHOAS) when making monthly interest only repayments,
- 5% for Standard Variable loans (incl. DHOAS) when making monthly principal & interest repayments.
Rates are available for new loan applications, include a discount to the applicable reference rate and subject to change.
At the end of the fixed period on the Fixed Rate Home Loans (incl. DHOAS), the loan will convert to the Standard Variable Home Loan (incl. DHOAS) at the applicable variable rate for a principal and interest loan.
3 Comparison rate based on a $150,000 secured loan over 25 years with monthly repayments. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees and loan amounts will result in a different comparison rate. Comparison rates for variable interest only home loans are based on an initial 5-year interest only period. Comparison rates for fixed rate interest only home loans are based on an initial interest only period equal in term to the fixed period.
4 Lenders Mortgage Insurance (LMI) is required when borrowing more than 80% loan to value ratio (LVR). Our LMI provider may require additional terms and conditions. The calculation of the maximum LVR includes the LMI premium (except for Construction Home Loan, where it’s exclusive of the LMI premium). Further restrictions may apply as required by our Lender’s Mortgage Insurance provider.
5 The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to buy a home sooner. The Scheme is administered by Housing Australia. You can find more information about the HGS on the Housing Australia website.
6 Based on total average monthly balance and applies to ATM, EFTPOS, Direct Debit and BPAY® transactions.
The Target Market Determinations (TMD) for our products are available here
® Registered to BPAY Pty Ltd ABN 69 079 137 518
The small print
Rates effective for new business from 27 March 2025. Lending criteria, terms, conditions, fees and charges (including early break fees) apply.
1 During an Interest Only period, your interest only repayments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
2 Interest rates are based on new owner occupier home loans for $150,000 or more with a minimum deposit of:
- 40% for RateSaver and Value loans (incl. DHOAS) when making monthly principal & interest repayments,
- 10% for Fixed Rate loans (incl. DHOAS) when making monthly principal & interest repayments,
- 10% for Construction loans (incl. DHOAS) when making monthly interest only repayments,
- 5% for Standard Variable loans (incl. DHOAS) when making monthly principal & interest repayments.
Rates are available for new loan applications, include a discount to the applicable reference rate and subject to change.
At the end of the fixed period on the Fixed Rate Home Loans (incl. DHOAS), the loan will convert to the Standard Variable Home Loan (incl. DHOAS) at the applicable variable rate for a principal and interest loan.
3 Comparison rate based on a $150,000 secured loan over 25 years with monthly repayments. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees and loan amounts will result in a different comparison rate. Comparison rates for variable interest only home loans are based on an initial 5-year interest only period. Comparison rates for fixed rate interest only home loans are based on an initial interest only period equal in term to the fixed period.
4 Lenders Mortgage Insurance (LMI) is required when borrowing more than 80% loan to value ratio (LVR). Our LMI provider may require additional terms and conditions. The calculation of the maximum LVR includes the LMI premium (except for Construction Home Loan, where it’s exclusive of the LMI premium). Further restrictions may apply as required by our Lender’s Mortgage Insurance provider.
5 The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to buy a home sooner. The Scheme is administered by Housing Australia. You can find more information about the HGS on the Housing Australia website.
6 Based on total average monthly balance and applies to ATM, EFTPOS, Direct Debit and BPAY® transactions.
The Target Market Determinations (TMD) for our products are available here
® Registered to BPAY Pty Ltd ABN 69 079 137 518