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Defence Bank personal loans

Defence Bank is a member-owned bank based in Melbourne. As a member-owned institution, Defence Bank does not have external shareholders. Instead, profits are reinvested back into the business in order to lower rates and fees.

Defence Bank was created in 1975 as Defence Force Credit Union, before changing its name to Defence Bank in 2012.

Defence Bank operates 39 branches across Australia.

Nick Bendel
Nick Bendel

Property & Personal Finance Writer

Content updated

Product data updated

Why choose Defence Bank


  • Additional repayments allowed
  • Free redraw facility
  • Below-average interest rates


  • Limited loan options
  • Charges establishment fees
  • Charges ongoing fees

Defence Bank Personal Loans

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.


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based on a $30,000 loan for 5 years at -

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