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DHOAS Essentials home loan - Ultimate Package (fixed)

Our most comprehensive home loan, with loads of extra benefits and support with fixed rate options from 1 to 5 years.

5 .74 % p.a. 1 year fixed rate
6 .32 %* p.a. Comparison rate
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You may be eligible for a DHOAS subsidy of up to $981 per month.

Talk to a Defence Bank lender to find out more. For full DHOAS eligibility criteria visit dhoas.gov.au. 

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DHOAS

compatible

No fees

for extra repayments

Fixed rate options

1 to 5 years

Added benefits

on other products

Our most comprehensive home loan offering - the Ultimate Package provides additional benefits across a range of other products.

Key features

  • Fixed rate options 1 to 5 years
  • DHOAS compatible
  • No application or establishment fees
  • Annual package fee of $96 applies
  • Reduced annual fee on our Defence Bank Foundation credit card
  • No fees for extra repayments
  • Up to 15% discount on CGU home, contents and landlord insurance (conditions apply)
  • No application fee on personal loans
  • 0.15% p.a. bonus rate on standard term deposits (exclusions apply)

Ultimate package terms and conditions can be viewed here.

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View Key Facts Sheet

Calculators

Owner occupied - fixed. Annual rate Comparison rate*
Fixed 1 year. 5.74% p.a. 6.32% p.a.
Fixed 2 year. 5.79% p.a. 6.28% p.a.
Fixed 3 year. 5.84% p.a. 6.25% p.a.
Fixed 4 year. 5.99% p.a. 6.27% p.a.
Fixed 5 year. 6.09% p.a. 6.29% p.a.

See all home loan fees and charges

*

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. For interest only variable loans, the comparison rates are based on an initial 5 year interest only term. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period.

Lending terms and conditions, fees and charges apply and are available upon request.

Approval subject to Defence Bank's lending criteria.

Rates apply to new applications received however are subject to change at anytime.

Minimum loan amount $100,000.

Defence Bank’s Target Market Determination can be viewed here.

On expiry of the fixed interest rate period, the interest rate will revert to the applicable Essentials home loan with Ultimate package variable interest rate (Owner Occupier) which applies at the time of expiry.

Frequently asked questions

You’ll generally need at least 5% in genuine savings, plus enough to cover fees and charges.

If your deposit is less than 20%, Lenders Mortgage Insurance (LMI) may apply.

If you're a first home buyer, you might be eligible for the Australian Government 5% Deposit Scheme, which allows you to buy with a 5% deposit without paying LMI.

Speak to your local Member Relationship Specialist or Mobile Lender to find out more about your options.

Look at our home loan options.

Redraw is available on our range of variable interest rate home loans.

The loan-to-value ratio (LVR) in relation to home loans is the amount of the loan expressed as a percentage of the value of the property being purchased or refinanced.

Each Defence Bank home loan product has a maximum LVR.

The LVR is expressed as a percentage. It is determined by dividing the amount of the loan by the property value with the answer then multiplied by 100%.

As a formula, LVR is expressed as follows:


If your LVR is above 80%, Lenders Mortgage Insurance (LMI) or a guarantee under the Australian Government 5% Deposit Scheme will be required.

Speak to your local Member Relationship Specialist or Mobile Lender who can help you calculate your LVR and explain what it means for your loan.

The Defence Home Ownership Assistance Scheme (DHOAS) assists current and former Australian Defence Force (ADF) members and their families to achieve homeownership.

DHOAS is administered by the Department of Veterans' Affairs (DVA) on behalf of the Department of Defence.

DHOAS provides eligible current and former serving members of the Permanent Force and the Reserves with a subsidy on the interest of their home loans.

The subsidy is paid monthly, directly into a DHOAS home loan. The amount of subsidy you receive depends on your subsidy tier level and the balance of your home loan up to your subsidised loan limit. 

To learn more about Defence Bank DHOAS home loans click here. 

To find out more about DHOAS and your eligibility click here. 

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