Australian Military Bank Home Loan Review
Australian Military Bank Home Loan Review
Introduction
The Australian Military Bank (AMB) is a financial services provider aimed at serving both current and former members of the Australian Defence Force. Established in 2003, the bank offers a wide range of services, including home loan products.
Home Loan Options
The AMB offers a variety of home loan options tailored to the needs of military personnel. These include:
- Fixed-rate loans of up to 95 percent of the property value
- Variable-rate loans of up to 95 percent of the property value
- Interest-only loans of up to 95 percent of the property value
- Specialty loans for service personnel with bad credit
Interest Rates
AMB offers competitive interest rates for their home loan products. Rates vary depending on the type of loan and the size of the loan, but all rates are competitive with other lenders in the market.
Fees and Charges
AMB's fees and charges are competitive with other lenders in the market. They do not charge application fees for home loan products, however there are standard fees for land transfer, loan settlement, and other miscellaneous fees associated with the loan.
Customer Service
The customer service provided by AMB is excellent. The bank offers a 24-hour customer service center staffed by knowledgeable customer service representatives who are available to answer any questions or concerns customers may have. The bank also has a website with helpful information and an online chat feature.
Conclusion
Overall, Australian Military Bank offers competitive home loan options and customer service to its military customers. The bank's interest rates are competitive and the fees and charges are reasonable. If you are a military member looking for a home loan, AMB is worth considering.
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