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

First Home Loan Deposit Scheme Information Guide Mobile Hero Banner

Defence Bank is right behind the Australian Government’s First Home Loan Deposit Scheme.

An initiative that supports eligible first home buyers purchase a home sooner.

The scheme provides a guarantee to allow eligible first home buyers to purchase a home with a deposit of as little as five (5) per cent. However, the scheme is supporting only a limited number of home loans. Applications with Defence Bank start 1 February 2020. First in, best addressed.

How does the scheme work with DHOAS?
The scheme applies to Defence Bank’s competitive range of existing home loan packages including the Defence Home Ownership Assistance Scheme (DHOAS).

First Home Loan Deposit Scheme Information Guide Download Mobile

Eligibility.

National Housing Finance and Investment Corporation (NHFIC) has developed a tool to help first home buyers find out whether they meet the scheme’s eligibility criteria. Click here to view the tool.

Property price thresholds.

NHFIC has also developed a tool to help first home buyers find out the property price threshold for the suburb in which they are looking to purchase a property. Click here to view the tool.

FAQs.

The NHFIC's Frequently Asked Questions document can be viewed here.

Take a closer look

Compare our Home Loans

 Essentials Home Loan with Ultimate Package^Essentials Home LoanDHOAS Premier
 Low Rate Home Loan
DHOAS Premier
Home Loan with offset^^
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 Cross Tick
Free loan redraw (min $100) Tick Tick Tick
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 Home Loan, click here.

Loan Interest Rates
Effective 23 October 2019

DHOAS Premier Low Rate Home Loan

 

 Annual RateComparison Rate 1
Owner Occupier
Variable rate - 3.36% pa 3.36% pa

DHOAS Premier Home Loan

 Annual RateComparison Rate 1
Owner Occupier
Variable rate - 3.53% pa 3.53% pa

Ultimate Package rates

 Annual RateComparison Rate1
Owner Occupier
Variable rate for loans over $750,000 - 3.90% pa 4.27% pa
Variable rate for loans $250,000 to $750,000 - 3.95% pa 4.32% pa
Variable rate for loans under $250,000 - 4.00% pa 4.37% pa
Fixed rate 1 year 2.98% pa 4.28% pa
  2 year 2.98% pa 4.19% pa
  3 year 2.98% pa 4.11% pa
  4 year 3.19% pa 4.10% pa
  5 year 3.19% pa 4.05% pa
Interest only construction for loans over $750,000 - 3.90% pa NA
Interest only construction for loans from $250,000 to $750,000 - 3.95% pa NA
Interest only construction for loans under $250,000 - 4.00% pa NA

Essentials Home Loan rates

 Annual RateComparison Rate 1
Owner Occupier
Variable rate - 4.00% pa 4.16% pa
Fixed rate 1 year 3.08% pa 4.07% pa
  2 year 3.08% pa 3.99% pa
  3 year 3.08% pa 3.92% pa
  4 year 3.29% pa 3.92% pa
  5 year 3.29% pa 3.87% pa

Rates with effect 23 October 2019

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, fees and charges apply and are available upon request. Approval subject to Defence Bank's lending criteria. Defence Bank Limited ABN 57 087 651 385 AFSL / Australian Credit Licence 234582.

 

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.

Terms and conditions, fees and charges apply and are available upon request. Approval subject to Defence Bank's lending criteria. Defence Bank Limited ABN 57 087 651 385 AFSL / Australian Credit Licence 234582.