Defence Bank Essential Home Loan | Review & Compare Home Loans

Essentials Home Loan

Interest Rate

4.77

% p.a

Variable

Comparison Rate*

4.93

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$1,714

based on $300,000 loan amount for 25 years at 4.77%

Interest Rate

4.77

% p.a

Variable

Comparison Rate*

4.93

% p.a

Maximum LVR

95%

Real Time Rating™

Monthly Repayment

$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%

Based on your details, you can compare and save on the following home loans

Monthly Repayment

$1,486

based on $300,000 loan amount for 25 years at 3.4%

Interest Rate

3.40

% p.a

Variable

Comparison Rate*

3.42

% p.a

Cashback

$2000 cashback on Heritage home loan ~ Ends in about 2 months

Real Time Rating™

More Features

Monthly Repayment

$1,445

based on $300,000 loan amount for 25 years at 3.14%

Interest Rate

3.14

% p.a

Variable

Comparison Rate*

3.16

% p.a

Interest rates ranked in the best 20%
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,445

based on $300,000 loan amount for 25 years at 3.14%

Interest Rate

3.14

% p.a

Variable

Comparison Rate*

3.06

% p.a

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.

Real Time Rating™

More Features

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 View repayment schedule »
Next LVR	Interest rate type Variable
Borrowing range $50k - $1.5m Calculate how much you can borrow	Suitable for Owner Occupiers
Loan term range 1 - 30 years	Principal & interest
Interest only	Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make repayments Fortnightly, Monthly, Weekly

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 Compare	Phone
Broker	In branch

Available

Not available

Data not captured

Specials

Cashback Get $2,500 cashback when you refinance your home loan
Refinance 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.

Checkout more home loans

Interest Rate

3.14

% p.a

Variable

Comparison Rate*

3.14

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

Interest Rate

3.63

% p.a

Variable

Comparison Rate*

4.05

% p.a

Interest rates ranked in the best 20%
No ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

Interest Rate

5.77

% p.a

Variable

Comparison Rate*

5.90

% p.a

Cashback

$2,000 cashback when you refinance a loan of $250,000 or more

Real Time Rating™

Interest Rate

3.24

% p.a

Variable

Comparison Rate*

3.24

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
100% full offset account
Extra repayments and redraw facility

Real Time Rating™

Product data updated on 8 Aug 2022

FAQs

The range you can borrow from this loan is $50k to $1,500,000.

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

Defence Bank allows you to have this loan for a range of 1 to 30 years.

Defence Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

While it could change based on your circumstances, RateCity estimates that this loan option comes with $900 worth of upfront fees.

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Defence Bank makes it possible to apply for this product online. Apply here.

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