On Thursday 18 March, the Mozo Experts Choice Awards 2021 were announced with Defence Bank named a winner in the category of Investor Fixed Home Loan with the product: Essentials Home Loan with Ultimate Package – Fixed.
Why did we win?
The Investor Fixed Home Loan award aimed to identify the lenders with the lowest overall costs over a range of fixed terms for investors. A total of 137 options was assessed, calculating the annual cost of each fixed-rate term offered, averaging the three best results. The calculation was performed using rates applicable to both principal & interest and interest-only loans.
Defence Bank CEO David Marshall said:
“We are always thinking of ways to make things better for members and their hip pocket, and in a hot market we know we need to continue this journey.”
“Mozo’s award shows we’re on the right track."
“We are committed to redoubling our efforts to deliver fast turnaround times on loan applications, something we know larger competitors continue to struggle with.
"Our competitive advantage is our member first approach to banking which defines everything we do.”
