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Defence Bank

Essentials Home Loan

Advertised Rate

2.49

% p.a

Fixed - 3 years

Comparison Rate*

3.40

% p.a

Maximum LVR
95%
Real Time Rating™

2.62

/ 5
Monthly Repayment

$1,344

based on $300,000 loan amount for 25 years at 2.49%

Advertised Rate

2.49

% p.a

Fixed - 3 years

Comparison Rate*

3.40

% p.a

Maximum LVR
95%
Real Time Rating™

2.62

/ 5
Monthly Repayment

$1,344

based on $300,000 loan amount for 25 years at 2.49%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,344

based on $300,000 loan amount for 25 years at 2.49%

Quick home loan review

For Essential Investment Loan Fixed 3 Years (Principal & Interest)

These are the benefits of this home loan.

  • Lower than average interest rate
  • Suitable for low deposits
  • Split account option

These are the drawbacks of this home loan.

  • No redraw facility
  • Loan reverts to higher rate after fixed period
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Essential Investment Loan Fixed 3 Years (Principal & Interest)

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Fixed - 3 years

Borrowing range

Suitable for

Investors

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

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

900

Application fee

0

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

Target Market Determination

Visit Defence Bank to view Target Market Determination.

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FAQs

What is the minimum amount you can apply for?

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

What's the minimum deposit needed for this loan?

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

What's the maximum length for this loan?

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

How often can you make repayments?

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

How much will the upfront fees be for this loan?

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

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

How do you apply for this loan?

To apply for this loan, please contact Defence Bank.