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Essential Home Loan Fixed 3 Years

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • Extra low interest rate for refinancers
  • No ongoing fees
  • Suitable for low deposits
  • Repayments will not change during fixed period
Cons:
  • No redraw and no offset
  • Discharge fee at end of loan
  • Not available for self-employed borrowers
  • Repayments won't decrease if RBA cuts rates

Details & Fees

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 3 years
Borrowing range
Borrowing range
$50k - $1.5mCalculate how much you can borrow »
Total repayments
Total repayments
$575,424View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$897
Application fee
Application fee$0
Settlement fee
Settlement fee$275
Valuation fee
Valuation fee
$202
Legal fee
Legal fee
$420
Ongoing fee
Ongoing fee
$8 monthly
Discharge fee
Discharge fee$250
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Fixed - 3 years
Borrowing range
Borrowing range
$50k - $1.5mCalculate how much you can borrow »
Total repayments
Total repayments
$575,424View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$897
Application fee
Application fee$0
Settlement fee
Settlement fee$275
Valuation fee
Valuation fee
$202
Legal fee
Legal fee
$420
Ongoing fee
Ongoing fee
$8 monthly
Discharge fee
Discharge fee$250

Defence Bank (formerly Defence Force Credit Union Limited) was founded in 1975 to help Australian Defence Force personnel manage their money. One of Australia’s largest member-owned banks, Defence Bank has over 90,000 customers and manages more than $1.5 billion in assets.

Defence Bank is well known for providing a range of home loans tailored to Defence personnel in addition to more standardised financial products such as insurance, credit cards and every day banking facilities.

As Defence Bank isn’t controlled by shareholders it’s able to offer a range of financial products at competitive interest rates to customers across Australia. In 2014 and 2015 Defence Bank won Money Magazine’s ‘Best of the Best Award’ for it’s car loan and was a finalist in the 2013 Australian Lending Awards.

Defence Bank Home Loan Calculator  
Interested in a Defence Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Defence Bank compares to its competitors. Simply plug in your borrowing amount below.

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