Home Loans

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

Home Equity Overdraft

Home Equity Overdraft

The Home Equity Overdraft has a number of features and options. It’s designed to give you the flexibility to access the equity in your home, and lets you manage your repayments to suit your monthly expenses. 


up to 80%

No annual


Minimum Repay

1% per month


The Home Equity Overdraft has a huge range of features and options:

  • Variable interest rate
  • Minimum loan amount of $50,000
  • The option to make additional repayments
  • Unlimited redraw facility available
  • Split Option (with other Australian Military Bank home loans)
  • No annual fees 
  • $5 monthly fee 
  • Visa Debit Card
  • Borrow up to 80% of the property value
Apply for our Home Equity Overdraft online, over the phone on
1300 13 23 28 or by visiting your nearest branch.

Rates & Fees


Here’s a summary of the rates and fees for the Home Equity Overdraft:

  • Reference rate: 4.90% p.a.2
  • Comparison rate*: na​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.

  • Application fee: $500
  • Monthly fee: $5
  • Annual fee: $0
  • Mortgage discharge fee: $300
  • 3rd party charges: Stamp duty, legal fees and valuation fees apply

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

Download our Schedule of Fees and Charges



We’re often asked similar questions about our Home Equity Overdraft so here are our top three – can’t see your question? Call 1300 13 23 28.

What is the loan term for the Home Equity Overdraft?
The Home Equity Overdraft is a revolving line of credit secured against your property.

Can I split this loan?
Yes. This loan can be split with other Australian Military Bank home loans. 

Can I have an offset account on my loan?
No, an offset account is not available on the Home Equity Overdraft. Refer to the comparison table below for the full range of features.

Interest Rates2

starting from

Comparison Rates3

starting from

Maximum Loan to Value Ratio (LVR)4
First Home Buyers Deposit Scheme6
Offset Facility Option
Redraw facility ($500 minimum)
Additional Repayments
Monthly Fees
Annual Fees
Split option available
Minimum Loan Amount
Maximum Loan Period
Loan Purpose
Relationship Rewards5
Loan Type

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


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