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

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 (Variable) - last updated: 18 November 2021

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What's hot
  • 2022 Mozo Experts Choice Award winner
  • Variable rate from 5.85% (6.70% comparison rate*)
  • Extra repayments
What's not
  • $100 to $500 application fee (depending on credit score)
Mozo snapshot

If you have an excellent credit score and are looking for a flexible personal loan option, the Variable Rate Unsecured Personal Loan from Australian Military Bank could be the choice for you. Borrow between $4,000 and $80,000 without putting up assets as collateral. Enjoy rates as low as 5.35% (6.21% comparison rate*), a range of loan terms and flexible repayment features. Plus, the Unsecured Personal Loan took home a 2022 Mozo Experts Choice Award.

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Key features

The Australian Military Bank Unsecured Personal Loan offers customers with excellent credit both competitive rates and flexibility. 

This loan has one of the lowest rates on the Mozo database, sitting at an extremely competitive 5.85% variable rate (6.70% comparison rate*). Just bear in mind, the rate is calculated based on your credit score so you may end up receiving a variable rate as high as 12.40% (13.80% comparison rate*). 

Borrowers can take out a loan anywhere between $4,000 and $80,000 with this product, and have the ability to choose from a range of loan terms: 1 to 7 years. And while we are on the topic of choice, there are also plenty of repayment schedule options too. Customers can pick to pay weekly, fortnightly or monthly, as well as make extra repayments and redraws. But just be mindful that there is a $10 redraw fee and a $20 late payment fee if you miss a regular repayment. 

Another perk of this loan is that it is unsecured, so you won’t need to put up any of your assets as collateral.

Who is it good for

This personal loan is a great option for a borrower with excellent credit so they can take advantage of the super low 5.85% variable rate (6.70% comparison rate*).

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Any catches

Be mindful that the application fee can vary between $100 and $500, depending on your credit score. There is a $10 monthly service fee which can add up if you choose a longer loan term.


Rates and fees information correct as at 17 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% p.a.variable

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







Other financial bits



1 Year

7 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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