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Australian Military Bank Unsecured Personal Loan - Excellent Credit (Fixed)

Advertiser disclosure
Interest rate from
5.85% 12.40% p.a.
Comparison rate from
6.70% 13.2% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review Australian Military Bank Unsecured Personal Loan - Excellent Credit (Fixed) - last updated: 18 November 2021

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What's hot
  • 2022 Mozo Experts Choice Award winner
  • Rates fixed from 5.85% p.a. (6.70% p.a. comparison rate*)
  • Extra repayments allowed
What's not
  • Application fee from $100 to $500, depending on your credit score
Mozo snapshot

With rates fixed as low as 5.85% (6.70% p.a. comparison rate*), it’s no surprise that the Australian Military Bank’s Unsecured Personal Loan received a 2022 Mozo Experts Choice Award. Loans are available from $4,000 to $80,000 with loan terms ranging from one to five years. 

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Key features

An award-winning product, the Australian Military Bank’s Unsecured Personal Loan comes with fixed interest rates as low as 5.85% p.a. (6.70% p.a. comparison rate*). Loans range from as little as $4,000 to as much as $80,000 and loan terms can be as short as one year or as long as five years.

Extra repayments are allowed and there is no exit fee or penalty for paying off your loan early. So, if you have the budget, you could be done with your loan sooner than you think. Plus, speaking of convenience, you can also choose to make repayments weekly, fortnightly or monthly, whichever works best for you.

Although it is worth keeping in mind that with this loan, how high your interest rate is and how much you pay in fees, will be determined by your credit history. For instance, interest rates start competitively low at 5.85% p.a. (6.70% p.a. comparison rate*), but can go up to 12.40% p.a. (13.80% p.a. comparison rate*), depending on your credit score. The same goes for how high your application fee is. This ranges from $100 to $500, again depending on what your credit score is. Plus, talking of fees there is also a $10 monthly service fee to remember.

Who is it good for

This unsecured personal loan would be most suited to someone with a good credit score, who can take advantage of the competitive interest rates on offer. It may also be suited to someone keen to make extra repayments and get rid of the loan early.

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Any catches

Interest rates vary depending on your credit score. There is also an application fee ranging from $100 to $500 and a $10 monthly service fee.


Rates and fees information correct as at 25 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


5.85% 12.40% p.a. fixed

6.70% 13.2% p.a.based on $30,000
over 5 years







Other financial bits



1 Year

5 Years



Weekly, Fortnightly, Monthly



Application fee varies from $100 to $500 depending on credit score. Maximum of $40,000 for debt consolidation.


WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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