Defence Home Loan

 

We are one of Australia's largest member owned banks with an extensive range of competitive Lending Products at great rates. Apply before February 28 and get $1,600 cashback.*

Defence Bank Home Loans

Loan features

 Essentials Home Loan with Ultimate Package^Essentials
Home Loan
Smart Mover Line of Credit with Ultimate Package^Smart Mover Line of CreditPremier Home Loan^^Premier Low Rate Home Loan^^
Variable interest rate discount Tick Tick 0.15% pa off the Smart Mover Line of Credit rate Cross Cross
DHOAS Home Loan compatible * Highly recommended for ADF personnel Tick Cross Cross Tick  Tick
No application fees Tick Tick Tick Tick  Tick
Annual fee Cross Tick Tick Cross  Cross
No monthly fees Cross Tick Tick Tick  Tick
No monthly or transaction fees with Visa Debit Card access Cross Tick Tick Cross  Cross
No annual fee on our Low Rate Credit Card Cross Tick Cross Cross  Cross
100% mortgage
offset account
Tick Cross Cross Tick Cross No offset
Free loan redraw
(min $100)
Tick Cross Cross Tick  Tick
No fees for extra
repayments
Tick Tick Tick Tick  Tick
15% discount on CGU Home, Contents and Landlords Insurance Cross Tick Cross Cross  Cross
Fixed rate option Tick Cross Cross Cross  Cross
No application fee on Car and Personal Loans Cross Tick Cross Cross  Cross
0.15% pa bonus rate
on Term Deposits
Cross Tick Cross Cross  Cross
Construction (interest only) available Tick Cross Cross Cross  Cross
 

APPLY NOW

APPLY NOW

APPLY NOW

APPLY NOW

APPLY NOW

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 Premier and Premier Low Rate Home Loan, click here.

Loan Interest Rates
Effective 09 February 2017

Premier Home Loan

Owner Occupier Annual Rate Comparison Rate 1
Variable Rate 3.95% pa 3.95% pa

Premier Low Rate Home Loan

Owner Occupier Annual Rate Comparison Rate 1
Variable Rate 3.90% pa 3.90% pa

Ultimate Package rates

 Annual RateComparison Rate1
Owner Occupier
Variable rate - 4.45% pa 4.81% pa
Variable rate for loans over $750,000 - 4.25% pa 4.62% pa
Variable rate for loans $250,000 to $750,000 - 4.35% pa 4.71% pa
Variable rate for loans under $250,000 - 4.45% pa 4.81% pa
Fixed rate 1 year 3.89% pa 4.76% pa
  2 year 3.98% pa 4.73% pa
  3 year 4.09% pa 4.72% pa
  4 year 4.59% pa 4.86% pa
  5 year 4.59% pa 4.87% pa
Interest only construction for loans over $750,000 - 4.25% pa NA
Interest only construction for loans over $250,000 to $750,000 - 4.35% pa NA
Interest only construction for loans under $250,000 - 4.45% pa NA
Investor
Variable rate - 5.15% pa 5.50% pa
Variable rate for loans over $750,000 - 4.85% pa 5.20% pa
Variable rate for loans $250,000 to $750,000 - 4.90% pa 5.25% pa
Variable rate for loans under $250,000 - 5.15% pa 5.50% pa
Fixed rate 1 year 3.99% pa 5.38% pa
  2 years 4.19% pa 5.32% pa
  3 years 4.29% pa 5.27% pa
  4 years 4.79% pa 5.37% pa
  5 years 4.79% pa 5.35% pa
Interest only construction - 5.25% pa NA
Interest only 1 year 5.25% pa NA
  2 years 5.25% pa NA
  3 years 5.25% pa NA
  4 years 5.25% pa NA
  5 years 5.25% pa NA
Interest only fixed 1 year 3.99% pa NA
  2 years 4.19% pa NA
  3 years 4.29% pa NA
  4 years 4.79% pa NA
  5 years 4.79% pa NA
Smart Mover Line of Credit
Variable rate - 5.24% pa NA

Essentials Home Loan rates

 Annual RateComparison Rate 1
Owner Occupier
Variable rate - 4.45% pa 4.61% pa
Fixed rate 1 year 3.99% pa 4.56% pa
  2 year 4.08% pa 4.54% pa
  3 year 4.19% pa 4.54% pa
  4 year 4.69% pa 4.69% pa
  5 year 4.69% pa 4.71% pa
Interest only construction - 4.45% pa NA
Investor
Variable rate - 5.15% pa 5.31% pa
Fixed rate 1 year 4.09% pa 5.20% pa
  2 year 4.29% pa 5.14% pa
  3 year 4.39% pa 5.10% pa
  4 year 4.89% pa 5.21% pa
  5 year 4.89% pa 5.20% pa
Interest only construction - 5.25% pa NA
Interest only 1 year 5.25% pa NA
  2 years 5.25% pa NA
  3 years 5.25% pa NA
  4 years 5.25% pa NA
  5 years 5.25% pa NA
Interest only fixed 1 year 4.09% pa NA
  2 years 4.29% pa NA
  3 years 4.39% pa NA
  4 years 4.89% pa NA
  5 years 4.89% pa NA
Smart Mover Line of Credit
Variable rate - 5.39% pa NA

Basic Variable Home Loan

    Annual Rate Comparison Rate 1
Basic Variable Home Loan - 4.09% pa 4.13% pa

Reference Rates

 Annual RateComparison Rate 1
Standard Variable Reference Rate - 5.25% pa 5.31% pa
Standard Variable Investor Reference Rate - 5.93% pa 6.00% pa
Smart Mover Reference Rate - 5.39% pa N/A

Rates with effect 08 February 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.

Pre-approval

Getting Started

Buying a home is one of the most exciting and rewarding things you can do. It can also be a little daunting, but you can make the process easier by doing some research before you hit the 'open for inspections'.

Get the Green Light

Knowing how much you can borrow before you look is a great place to start. With our green light pre-approval process, we can make sure both you and your finances are ready to go when you find that perfect home.

The process is obligation-free and our green light pre-approval can last up to three months, giving you plenty of time to research the market.
Just click on one of the buttons above or below to talk to one of our experienced Home Loan Consultants.

Or call us on 1800 033 139 to speak to a home loan consultant.

 

 

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.

* To be eligible to receive a $1,600 cashback, your new Defence Bank Home Loan must be applied for between 01 October 2016 and 28 February 2017 and be funded by 01 April 2017. You must also make a salary or equivalent income credit of at least $1,500 to a Defence Bank transaction account at or prior to the funding of the loan. Limit of one cashback per member during the promotion. The cashback will be paid to either a nominated Defence Bank Visa Credit Card or Defence Bank transaction account accessible by a Visa Debit Card held in the nominated member's name, after the loan has been funded. Applications received in more than one name are treated as one member and will only receive one cashback. Defence Bank may vary, cancel or extend this offer at any time. Minimum loan amount of $250,000. Defence Bank employees are not eligible for this promotion. Total borrowings must increase by $250,000 or more when refinancing and increasing limits on existing Defence Bank loans to be eligible. Loans for construction purposes are excluded from this offer. Loan type, loan purpose and other eligibility criteria also apply. Please refer to defencebank.com.au for current rates. 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.