Defence Bank’s focus on helping Australians into homeownership has been recognised through the Mozo Expert’s Choice Awards in the Investor Fixed Home Loan category.
Defence Bank’s Essentials Fixed Home Loan (Ultimate Package) was identified by Mozo who looked for lenders with the lowest costs over a range of fixed terms for investors.
Mozo assessed 137 options, 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 and interest-only loans.
Defence Bank Chief Executive David Marshall says the Mozo Award is a welcome acknowledgement of the lending team across Australia who have responded to record demand for home loans.
“Awards like these show us we are on the right track.
“Demand for lending led to Defence Bank having a record December which was a springboard into 2022.
“Early indications are our lending growth will continue to be strong throughout 2022, as we meet continued member need in this area.
“Whether its first home buyers, members wanting to upgrade or downsize or buy an investment property, Defence Bank has a range of home loan products that are affordable, convenient and easy to understand for members with busy lives.
“I’d like to congratulate our lending team for their continued focus on members.
“The Mozo Award reflects the hard work that our team put in every day, reducing member effort and making their banking experience with us seamless and at their convenience.”
Defence Bank supports Australians into homeownership in a variety of ways and is an approved lender of the Defence Home Ownership Assistance Scheme (DHOAS), the First Home Loan Deposit Scheme (FHLDS), New Home Guarantee (NHG) and Family Home Guarantee (FHG).
In the last 12 months, Defence Bank reached a historic milestone by recording $3 billion in assets, surging by a billion dollars in only four years.
Home lending has been a key feature of this growth as members have looked to enter a rapidly changing property market.