Important disclosure

4.77
% p.a
Variable
4.93
% p.a
$1,714
based on $300,000 loan amount for 25 years at 4.77%
Calculate your repayments for this loan
Your estimated repayment
$1,714
based on $300,000 loan amount for 25 years at 4.77%
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Quick home loan review
For Essential Home Loan
These are the benefits of this home loan.
- Interest rates ranked in the best 20%
- 100% full offset account
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
These are the drawbacks of this home loan.
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
Home loan overview
For Essential Home Loan
- Details
- Features
- Fees
- Application method
Details
Maximum LVR 95% | Total Repayments $514,200 |
Interest rate type Variable | |
Borrowing range
$50k
-
$1.5m
| Suitable for Owner Occupiers |
Loan term range 1 - 30 years | Principal & interest |
Interest only | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Features
Extra repayments Unlimited extra repayments | Offset account 100% offset account |
Redraw facility Redraw fee: $0 | Split interest facility |
Loan portable | Repayment holiday available |
Allow guarantors | Available for first home buyers |
Fees
Total estimated upfront fees 900 | Application fee 0 |
Legal fee $420 | Valuation fee $205.25 |
Settlement fee 275 | Other upfront fee 0 |
Ongoing fee $8 monthly | Discharge fee 250 |
Application method
Online | Phone |
Broker | In branch |
- Cashback Get $2,500 cashback when you refinance your home loanRefinance your home loan from another lender and get $2,500 cashback sweetener. Available for Owner Occupier and Investor home loans. Apply by 30 September 2022
Target Market Determination
Visit Defence Bank to view Target Market Determination.
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