Ultimate Package Essential Investment Loan ($750k+) (Principal & Interest)
- Last updated on 04 Jul 2020
Smart Home Loan
special
Get one of the lowest variable interest rates on the market and pay no application or ongoing feesGet one of the lowest variable interest rates on the market
2.63%
Variable
2.65%
Smart Home Loan
3.62%
Variable
4.00%
$1,367
based on $300,000 loan amount for 25 years
Pros
- No upfront fees
- 100% full offset account
- Suitable for low deposits
- Extra repayments + redraw services
Cons
- Annual fee charged
- Repayments may increase if RBA raises rates
Maximum LVR 95% | Interest rate structure Variable |
Borrowing range $750k - $100m | Total Repayments $492,120 |
Principal & interest | Interest only |
Loan term range 1 - 30 years | Offset account 100% offset account |
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Allows split interest | Suitable For Investors |
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA | |
Total estimated upfront fees $0 | Application fee $0 |
Settlement fee $0 | Valuation fee $0 |
Legal fee $0 | Other upfront fee $0 |
Ongoing fee $380 annually | Discharge fee $0 |
Property Type | SMSF Trustee |
Minimum SMSF Amount |
0.15%p.a. bonus rate on term deposits, 15% discount on CGU Home, Contents and Landlords Insurance
Compare and review home loans with similar features
Defence Bank (formerly Defence Force Credit Union Limited) was founded in 1975 to help Australian Defence Force personnel manage their money. One of Australia’s largest member-owned banks, Defence Bank has over 90,000 customers and manages more than $1.5 billion in assets.
Defence Bank is well known for providing a range of home loans tailored to Defence personnel in addition to more standardised financial products such as insurance, credit cards and every day banking facilities.
As Defence Bank isn’t controlled by shareholders it’s able to offer a range of financial products at competitive interest rates to customers across Australia. In 2014 and 2015 Defence Bank won Money Magazine’s ‘Best of the Best Award’ for it’s car loan and was a finalist in the 2013 Australian Lending Awards.
Defence Bank Home Loan Calculator
Interested in a Defence Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Defence Bank compares to its competitors. Simply plug in your borrowing amount below.
