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- Premier Home Loan
Premier Home Loan
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
6.79%
Comparison rate* p.a.
6.79%
Premier Home Loan
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
6.79%
Comparison rate* p.a.
6.79%
Calculate your repayments for this loan
Your estimated repayment
$3,256
based on 500000 loan amount for 25 years at 6.79%
Monthly Repayment
$3,256
Total interest
$672,267
Total payments
$1,172,267
Start date
04-2024
End date
04-2049
Pros and Cons
For Premier Home Loan
Benefits
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- No offset account
- Higher than average interest rate
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
Defence Bank Variable Rate Home Loan overview
For Premier Home Loan
Details
Maximum LVR
90%
Total repayments
$1,172,267
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