Defence Bank Ultimate Package Essential Investment Loan ($750k+) | Review & Compare Home Loans

Summary
Features & fees
Similar
About

Advertised Rate

3.90%

Variable

Comparison Rate*

4.42%

Maximum LVR

95%

Real Time Rating™

3.11 / 5

Monthly Repayment

$1,179

Pros and Cons

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

Defence Bank Fees and Features

Maximum LVR 95%	Interest rate structure Variable
Borrowing range $750k - $100m Calculate how much you can borrow	Total Repayments $424,440 View repayment schedule »
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	Make Repayments Fortnightly, Monthly, Weekly
Estimated upfront fees $0	Application fee $0
Settlement fee $0	Valuation fee $0
Legal fee $0	Ongoing fee $380
Discharge fee $0	Property Type
SMSF Trustee	Minimum SMSF Amount
Aggregator

Other Benefits

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

Lower Rate

Reward Me Investment Loan (Principal and Interest) ($75k-$500k, LVR < 80%)

Real Time Rating™

3.61 / 5

Advertised Rate

Comparison Rate*

3.54%

Variable

3.70%

100% full offset account
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

Enquire Now

More Flexibility

Inv UHomeLoan Fixed (Principal and Interest) 5 Years

Real Time Rating™

3.36 / 5

Advertised Rate

Comparison Rate*

3.24%

Fixed - 5 years

3.61%

No upfront or ongoing fees
Repayments will not change during fixed period

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Major Banks

Rocket Investment Loan (Principal and Interest) (LVR < 70%)

Real Time Rating™

2.20 / 5

Advertised Rate

Comparison Rate*

5.28%

Variable

5.52%

100% full offset account
Parents can sign as guarantor
Extra repayments + redraw services
Comes with a credit card

Generic

Rate Chaser Ezy Prime (New Customer)

Real Time Rating™

4.63 / 5

Advertised Rate

Comparison Rate*

2.89%

Variable

2.94%

No ongoing fees
100% full offset account
Parents can sign as guarantor
Extra repayments + redraw services

Enquire Now

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.

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