Home Loans

We work hard to offer straightforward, flexible and great-value home loans to suit your lifestyle.

RateSaver Home Loan

RateSaver Home Loan

The RateSaver Home Loan is our simple vanilla loan with a super-low rate, unlimited additional repayments as well as the ability to redraw. 


low rate



No monthly

or annual fees



The 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 Home Loans)
  • No monthly or annual fees
  • Variable interest rate; not available for the purpose of Construction
Apply for the RateSaver Home Loan 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 RateSaver Home Loan:

  • Interest rate:6.43% p.a.2
  • Comparison rate: 6.47% 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



We’re often asked similar questions about our RateSaver Home Loan – can’t see your question? Call 1300 13 23 28.

Can I make extra payments to the RateSaver Home Loan?

Yes. You can make additional repayments to the RateSaver Home Loan.

Can I redraw additional funds from the 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 RateSaver Home Loan?

An 'Offset Facility' is NOT available with the RateSaver Home Loan.

Can I split my RateSaver Home Loan with another home loan?

Yes. You can split your RateSaver Home Loan with another home loan as long as the RateSaver Home Loan portion is equal to or greater than $150,000. For example, your RateSaver Home Loan is $200,000 split with a $200,000 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 RateSaver Home Loan available as 'Interest Only'?

There is no interest only option available on the RateSaver Home Loan.

Can I use the RateSaver Home Loan for the purpose of construction?

The RateSaver Home Loan cannot be used for the purpose of construction.

Can I switch my existing Australian Military Bank Home Loan to a RateSaver Home Loan?

No, the 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 information about the Investment RateSaver Home Loan, click here

Interest Rates2

starting from

Comparison Rates3

starting from

Maximum Loan to Value Ratio (LVR)4
Relationship Rewards6
Offset Facility Option
Redraw facility ($500 minimum)
Additional Repayments
Monthly Fees
Annual Fees
Split option available
Minimum Loan Amount
Maximum Loan Period
Loan Purpose
Loan Type

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


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