The Essentials Home Loan gives you a basic variable interest rate home loan with features such as a 100 per cent offset account, free redraw facility, along with a fixed rate or interest-only option. You won't pay ongoing bank fees with the Essentials Home Loan, making it easy to service.
The Smart Mover Line of Credit offers borrowers a variable interest rate loan with no ongoing fees and the ability to make extra loan repayments without incurring any charges. If you opt for the Ultimate Package, you get the features of both the Essentials Home Loan and the Smart Mover Line of Credit.
For an annual fee, the Ultimate Package Loan gives you a discounted variable interest rate, fee-free transactions on a Visa Debit card and no annual fees on the Defence Bank’s low rate credit card. You can also take advantage of discounted insurance, bonus interest on term deposits and zero application fees on car and personal loans.
Who is the Defence Bank Ultimate Package Loan good for?
The Ultimate Package Loan suits all borrowers, from the first home buyer, through to savvy investor and those refinancing. Because the Ultimate Package Loan is available for two variable interest rate products, your choice of Essentials Home Loan or the Smart Mover Line of Credit comes down to preference.
Review - What RateCity says
The Ultimate Package Loan provides has a number of benefits on top of to the standard features of the Essentials Home Loan and Smart Mover Line of Credit. For a moderate annual fee, you are eligible for product discounts, as well as zero account keeping and transaction fees.
Defence Bank Ultimate Package Loan Options
Borrow from a minimum of $150,000 on a discounted variable interest rate for the life of the loan.
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Advertised rate3.94%Fixed - 3 years
Advertised rate3.88%Fixed - 2 years
Advertised rate3.89%Fixed - 1 year
Advertised rate4.59%Fixed - 4 years
Advertised rate4.59%Fixed - 5 years