Home Loan Small

 

We are one of Australia's largest member owned banks with an extensive range of competitive Lending Products at great rates. Ready to invest in property? Talk to us today and discover the benefits of our Investment Loans.

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 CreditBasic Variable 
Variable interest rate discount Tick Tick  Cross Cross
No application fees Tick Tick Tick Tick

Maximum loan to value ratio2

Up to 95% Up to 80% Up to 80% Up to 80%
Annual fee Cross Tick Tick Cross
No monthly fees Cross Tick Tick Tick
No monthly or transaction fees with Visa Debit Card access Cross Tick Tick Cross
No annual fee on our Low Rate Credit Card Cross Tick Cross Cross
100% mortgage
offset account
Tick Cross Cross Cross
Free loan redraw
(min $100) †
Tick Cross Cross Cross
No fees for extra
repayments
Tick Tick Tick Tick
15% discount on CGU Home, Contents and Landlords Insurance Cross Tick Cross Cross
Fixed rate option Tick Cross Cross Cross
No application fee on Car and Personal Loans Cross Tick Cross Cross
0.15% pa bonus rate
on Term Deposits
Cross Tick Cross Cross
Construction (interest only) available Tick Cross Cross Cross
 

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.

This amount is inclusive of Lenders Mortgage Insurance (LMI) premium. LMI is required when borrowing in excess of 80% LVR.

Loan Interest Rates
Effective 15 August 2019

 

Ultimate Package rates

 Annual RateComparison Rate1
Investor
Variable rate - 4.15% pa 4.52% pa
Variable rate for loans over $750,000 - 4.05% pa 4.42% pa
Variable rate for loans $250,000 to $750,000 - 4.10% pa 4.47% pa
Variable rate for loans under $250,000 - 4.15% pa 4.52% pa
Fixed rate 1 year 3.79% pa 4.48% pa
  2 year 3.59% pa 4.42% pa
  3 year 3.59% pa 4.37% pa
  4 year 3.89% pa 4.43% pa
  5 year 3.89% pa 4.41% pa
Interest only - fixed 1 year 3.89% pa NA
  2 year 3.79% pa NA
  3 year 3.79% pa NA
  4 year 3.99% pa NA
  5 year 3.99% pa NA
Interest only construction - variable - 4.33% pa NA
Interest only - variable  1 year 4.33% pa NA
  2 year 4.33% pa NA
  3 year 4.33% pa NA
  4 year 4.33% pa NA
  5 year 4.33% pa NA
Smart Mover Line of Credit
Variable rate - 5.02% pa NA

Essentials Home Loan rates

 Annual RateComparison Rate 1
Investor
Variable rate - 4.15% pa 4.31% pa
Fixed rate 1 year 3.89% pa 4.28% pa
  2 year 3.69% pa 4.22% pa
  3 year 3.69% pa 4.19% pa
  4 year 3.99% pa 4.25% pa
  5 year 3.99% pa 4.24% pa
Interest only - fixed 1 year 3.99% pa NA
  2 year 3.89% pa NA
  3 year 3.89% pa NA
  4 year 4.09% pa NA
  5 year 4.09% pa NA
Interest only construction - variable  - 4.33% pa NA
Interest only - variable  1 year 4.33% pa NA
  2 year 4.33% pa NA
  3 year 4.33% pa NA
  4 year 4.33% pa NA
  5 year 4.33% pa NA
Smart Mover Line of Credit
Variable rate - 5.17% pa NA

Basic Variable rates

 Annual RateComparison Rate 1
Investor
Variable rate - 3.85% pa 3.89% pa

Reference Rates

 Annual RateComparison Rate 1
Standard Variable Investor Reference Rate - 5.71% pa 5.86% pa
Smart Mover Reference Rate - 5.17% pa N/A

Rates with effect from 15 August 2019 and are subject to change

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.

 

 

 

* To be eligible to receive a $1,200 cashback, your new Defence Bank Home Loan must be applied for between 01 March 2019 and 31 December 2019 and be funded by 31 March 2020. Offer only applicable to Investor Home Loans. A limit of one cashback per member is available 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. The cashback is applied per successful home loan application. 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. The minimum loan amount for this offer is $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. Approval subject to Defence Bank's lending criteria. Loans for construction purposes are excluded from this offer. For current rates refer to defencebank.com.au. Before acquiring any financial product please consider whether it is right for you. Please refer to defencebank.com.au for current rates. Terms and conditions, fees and charges apply and are available upon request.

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

Comparison rates based on a $150,000 secured loan over 25 years. 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.

† Free loan redraw is subject to approval. Redraw is only available if sufficient extra loan repayments have been made

Terms and conditions, fees and charges apply and are available upon request. Approval subject to Defence Bank's lending criteria. Before acquiring any financial product, please consider whether it is right for you.