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- Premier Home Loan
Premier Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
6.44%
Comparison rate* p.a.
6.44%
Premier Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
Interest rate p.a.
6.44%
Comparison rate* p.a.
6.44%
Defence Bank Variable Rate Home Loan overview
For Premier Low Rate Home Loan (LVR < 70%)
Principal & Interest (P&I)
Loan type
Loan to value ratio
Interest rate
Comparison rate
Interest only
Loan type
Loan to value ratio
Interest rate
Comparison rate
Details
Maximum LVR
70%
Total repayments
Interest rate type
Variable
Borrowing range
$250k - $5m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Defence Bank to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Fees
Total estimated upfront fees
$480
Application fee
$0
Legal fee
$0
Valuation fee
$205
Settlement fee
$275
Other upfront fee
$0
Ongoing fee
$8
Discharge fee
$250
Pros and Cons
For Premier Home Loan
Benefits
- Interest rates ranked in the best 20%
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 70% of the property's value
