EssentialsFor those building a new home, Defence Bank has the perfect home loan to match.
The Interest Only Construction Loan helps you keep costs down during the construction of your property by offering a very low rate, with interest only repayments during the building phase.
With no ongoing administration charge, you can save even more during the building phase and, after the interest only period ends, the redraw facility allows you to access funds whenever you need them.
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Features of Interest Only Construction Home Loan include: |
- Interest only repayments (construction phase only)
- Maximum loan to value ratio of 95%
- No annual fee
- No monthly fee
- Variable interest rate
- Unlimited free redraw (after interest only period, $100 minimum)
- Loan portability*
- Additional payments allowed (except interest only period)
- No early repayment fee
- Maximum term of 30 years
- No application fee (solicitor, valuation and progress valuation fees at cost, and a settlement fee of $275 applies).
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* Terms and conditions, fees and charges apply and are available on application.
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RatesInterest RatesEffective 10 March 2011
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Car Loans |
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Personal Loans |
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Home Loans |
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Effective 1 July 2011
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Variable Interest Rates for New Car Loan (including Motorcycle Loans):
Rates for New Car Loan - with minimum 20% deposit |
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Rates for New Car Loan - with minimum 10% deposit |
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Rates for New Car Loan - with less than 10% deposit |
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What is a comparison rate?
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Issue Date: 4 April 2011
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* Where 80% or less of vehicle purchase price plus on road costs and where applicable, comprehensive insurance is financed.
^ Where 90% or less of vehicle purchase price plus on road costs and where applicable, comprehensive insurance is financed.
** Comparison rate is based on a $30,000 secured loan over a 5 year term. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to New Car Loan
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Variable Interest Rates for Used Car Loan (including Used Motorcycle Loans):
Rates for Used Car Loan - with minimum 10% deposit |
 | | | Used cars
less than 3 years old
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| | | Used cars
3 to 5 years old
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Rates for Used Car Loan - with less than 10% deposit |
| | | Used cars
1 to 5 years old
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What is a comparison rate?
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Issue Date: 4 April 2011
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^ Where 90% or less of vehicle purchase price plus on road costs and where applicable, comprehensive insurance is financed.
* Comparison rate is based on a $30,000 secured loan over a 5 year term. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to Used Car Loan
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Variable Interest Rates for Personal Loans:
Rates for Personal Loan - (security may be required): |
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What is a comparison rate?
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Issue Date: 4 April 2011
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* Comparison rate is based on a $30,000 unsecured loan over a 5 year term. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to Personal Loan
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Rates for Consolidation Loan - (security may be required): |
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What is a comparison rate?
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Issue Date: 4 April 2011
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* Comparison rate is based on a $30,000 unsecured loan over a 5 year term. Fees and charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to Consolidation Loan
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Rates for DHOAS Low Start Home Loan^: |
| | | Initial 12 months fixed rate
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What is a comparison rate?
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Issue Date: 30 November 2010
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^ At the end of the 12 month low start interest period, the Defence Bank DHOAS Advantage Home Loan variable interest rate current at that time applies.
* Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to DHOAS Low Start Home Loan
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Rates for DHOAS Advantage Variable Home Loan: |
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What is a comparison rate?
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Issue Date: 1 December
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* Comparison rate is based on a $30,000 unsecured loan over a 5 year term. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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DHOAS Advantage Fixed Home Loan rates: |
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What is a comparison rate?
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Issue Date: 29 August 2011
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* Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to DHOAS Advantage Home Loan
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Rates for DHOAS Construction Advantage Home Loan: |
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What is a comparison rate?
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Issue Date: 30 November 2010
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* Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to DHOAS Construction Advantage Home Loan
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Rates for True Value Home Loan: |
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What is a comparison rate?
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Issue Date: 30 November 2010
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* Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to True Value Home Loan
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Rates for Flexi Choice Home Loan: |
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What is a comparison rate?
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Issue Date: 30 November 2010
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* Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Rates for Flexi Choice Fixed Home Loan: |
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What is a comparison rate?
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Issue Date: 30 November 2010
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* Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to Flexi Choice Home Loan
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Rates for Smart Mover Home Loan |
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What is a comparison rate?
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Issue Date: 30 November 2010
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* Fees and Charges are payable. Terms and Conditions available on request.
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Go to Smart Mover Home Loan
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Rates for Interest Only Construction Loan: |
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What is a comparison rate?
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Issue Date: 30 November 2010
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* Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to Interest Only Construction Home Loan
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Rates for Basic Variable Home Loan: |
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What is a comparison rate?
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Issue Date: 30 November 2010
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* Comparison rates based on a $150,000 secured loan over 25 years. Fees and Charges are payable. Terms and Conditions available on request.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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Go to Basic Variable Home Loan
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Rates for Overdraft: |
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Issue Date: 6 April 2010
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^ Available to approved applicants at 15.35%p.a. (variable). A different variable rate may apply to applicants who do not qualify for the base rate. Fees and Charges are payable. Terms and Conditions available on request.
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Go to Overdraft
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Rates for Low Rate True Blue Credit Card |
6 Month Start Rate
(available to new customers only)
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Issue Date: 6 April 2010
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* Fees and Charges are payable. Terms and Conditions apply.
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Go to Low Rate True Blue Credit Card
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FeesTo view the fees for Interest Only Construction, click here.
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