Your DHOAS home loan made easy. Looking for a Defence Home Ownership Assistance Scheme (DHOAS) Home Loan? Look no further.

Defence Home Loan

You’ve found the home of your dreams and now you need to know you’re getting the best deal on your DHOAS Home Loan. That’s why you can be sure you’re in good hands with Defence Bank. As one of a select group of lenders authorised to provide DHOAS compatible loans, we can assist with a choice of home loan packages designed to suit your needs.

We’ve been serving members of the Australian Defence Force (ADF) for over 40 years.

About DHOAS

This scheme helps current and former Australian Defence Force (ADF) members and their families achieve their home ownership dream. Eligibility criteria apply.

Take a closer look

Compare our Home Loans

 Essentials Home Loan with Ultimate Package^Essentials Home LoanDHOAS Premier
Home Loan with offset^^
DHOAS Premier
Low Rate Home Loan^^
DHOAS Home Loan compatible Tick Tick Tick
No application fees Tick Tick Tick
Annual fees Cross Cross Cross
No monthly fees Cross Tick Tick
No monthly or transaction fees with Visa Debit Card access Cross Cross Cross
No annual fee on our Low Rate Credit Card Cross Cross Cross
100% mortgage offset account Tick Tick Cross No offset
Free loan redraw (min $100) Tick Tick No minimum Tick No minimum
No fees for extra repayments Tick Tick Tick
Up to a 15% discount on selected CGU Insurance Policies Cross Cross Cross
Fixed rate option Tick Cross Cross
No application fee on Car and Personal Loans Cross Cross Cross
0.15% pa bonus rate on Term Deposits Cross Cross Cross
Construction (interest only) available Tick Cross Cross

Terms and conditions, fees and charges apply and are available on request. Approval subject to Defence Bank's lending criteria.
^ For a list of specific terms and conditions relating to the Ultimate Package, click here.
^^ For a list of specific terms and conditions relating to the DHOAS Premier and DHOAS Premier Low Rate Home Loan, click here.

Loan Interest Rates
Effective 24 May 2017

DHOAS Premier Home Loan

 Annual RateComparison Rate 1
Owner Occupier
Variable rate - 3.95% pa 3.95% pa

DHOAS Premier Low Rate Home Loan

 Annual RateComparison Rate 1
Owner Occupier
Variable rate - 3.90% pa 3.90% pa

Ultimate Package rates

 Annual RateComparison Rate1
Owner Occupier
Variable rate for loans over $750,000 - 4.32% pa 4.68% pa
Variable rate for loans $250,000 to $750,000 - 4.42% pa 4.78% pa
Variable rate for loans under $250,000 - 4.52% pa 4.88% pa
Fixed rate 1 year 3.89% pa 4.82% pa
  2 year 3.88% pa 4.76% pa
  3 year 3.94% pa 4.73% pa
  4 year 4.59% pa 4.90% pa
  5 year 4.59% pa 4.91% pa
Interest only construction for loans over $750,000 - 4.32% pa NA
Interest only construction for loans from $250,000 to $750,000 - 4.42% pa NA
Interest only construction for loans under $250,000 - 4.52% pa NA

Essentials Home Loan rates

 Annual RateComparison Rate 1
Owner Occupier
Variable rate - 4.52% pa 4.68% pa
Fixed rate 1 year 3.99% pa 4.63% pa
  2 year 3.98% pa 4.58% pa
  3 year 4.04% pa 4.55% pa
  4 year 4.69% pa 4.74% pa
  5 year 4.69% pa 4.75% pa

Rates with effect 24 May 2017

1 Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and Conditions available on request. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

 

*Terms and conditions. Full Terms and Conditions available for download here. 
Competition Permit Numbers: ACT TP 18/00006, SA T18/2, NSW LTPS/18/21199.
To be eligible your home loan must be applied for between 01 February 2018 and 31 May 2018, and fully funded by 31 August 2018. Minimum loan amount of $250,000. Total borrowings must increase by $250,000 when refinancing or increasing limits on existing Defence Bank Home Loans to be eligible. Loans for Construction, Investor or Bridging Finance are not eligible and are excluded from this competition. Other eligibility criteria applies. Loan approval subject to Defence Bank’s lending criteria. Limit of one entry per home loan. Loans in joint names will be treated as one member and only receive one entry. All Defence Bank staff, directors and their families are not eligible. Defence Bank reserves the right to cancel, suspend or modify the competition at any time.

Defence Bank Limited ABN 57 087 651 385 AFSL/Australian Credit Licence 234582.


1 Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and Conditions available on request. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

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