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Smart Mover Line of Credit

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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • No ongoing fees
  • Repayments may decrease if RBA cuts rates
Cons:
  • No extra repayments
  • No redraw and no offset
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates
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Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $1.5m
Total repayments
Total repayments
$445,800
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Not Allowed
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForLine of Credit, Owner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsMonthly
Estimated upfront fees
Estimated upfront fees
$900.25
Application fee
Application fee
$0
Settlement fee
Settlement fee
$275
Valuation fee
Valuation fee
$205.25
Legal fee
Legal fee
$420
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$250
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$50k - $1.5m
Total repayments
Total repayments
$445,800
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Not Allowed
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForLine of Credit, Owner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsMonthly
Estimated upfront fees
Estimated upfront fees
$900.25
Application fee
Application fee
$0
Settlement fee
Settlement fee
$275
Valuation fee
Valuation fee
$205.25
Legal fee
Legal fee
$420
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$250
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

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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