Important disclosure

Defence Bank

Premier Home Loan

  • Owner Occupied
  • Variable
  • 30% min deposit
  • P&I
Interest Rate

6.44%

p.a

Comparison Rate*

6.44%

p.a

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 30% min deposit
  • P&I
Interest Rate

6.44%

p.a

Comparison Rate*

6.44%

p.a

ly Repayment

$0

based on $350,000 loan amount for 30 years at 6.44%

Premier Home Loan

Find your ideal home loan from one of the 3 home loans from Defence Bank

Principal and Interest (P&I)

Loan typeLoan to value ratio
Interest rate
Comparison rate
Variable
Up to 70%

6.44% p.a.

6.44% p.a.

Product Info
Variable
Up to 95%

6.69% p.a.

6.69% p.a.

Product Info
Variable
Up to 90%

6.79% p.a.

6.79% p.a.

Product Info

Interest only

Loan typeLoan to value ratio
Interest rate
Comparison rate

Defence Bank Variable Rate Home loan overview

For Premier Low Rate Home Loan (LVR < 70%)

Details

Maximum LVR

70%

Total Repayments

Interest rate type

Variable

Borrowing range

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

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

Valuation fee

$205

Settlement fee

$275

Other upfront fee

$0

Ongoing fee

$8

Discharge fee

$250

Pros and cons

For Premier Low Rate Home Loan (LVR < 70%)

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
Home loans

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Simplicity Plus Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I

Cashback

$2,000 cashback when you refinance an eligible home loan.
Interest Rate

7.24%

p.a

Comparison Rate*

7.24%

p.a

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Extra Home Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 30% min deposit
  • P&I
Interest Rate

6.69%

p.a

Comparison Rate*

6.70%

p.a

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Ultra Low Rate (Variable) - <95% LVR - No LMI (New Purchases)

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 5% min deposit
  • P&I

2024 Award Winner

special

No LMI for up to 95% LVR Owner Occupier Purchases in Metro Capital Cities!
Interest Rate

6.30%

p.a

Comparison Rate*

6.58%

p.a

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $250k to $5,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 70 percent, which means it requires a minimum deposit of 30 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 $480 worth of upfront fees.

Does this loan come with a redraw facility?

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

How do you apply for this loan?

To apply for this loan, please contact Defence Bank.