Essentials Home Loan with Ultimate Package.

Our most comprehensive home loan, with loads of extra benefits and support.

3 .72 % p.a. Annual rate.
4 .10 %* p.a. Comparison rate.

Variable and fixed interest rate discount.

Compatible with DHOAS.

No application or extra repayment fees.

Added benefits.

The cream of the crop when it comes to our range of home loans on offer. This is the option for you if you want the ultimate in value across your entire financial set up, including an offset account, one simple annual fee, free redraws and benefits across our debit card, credit card, insurance, personal loan and term deposit options.

Everything you could want in a home loan, this has it - not to mention our Australia-based Contact Centre team who understand the unique challenges and opportunities of being in the defence community.

Key features.

  • Variable and fixed interest rate discounts.
  • DHOAS home loan compatible.
  • No application or establishment fees.
  • No monthly fees.
  • No annual fee on our low rate credit card.
  • 100% mortgage offset account.
  • Free loan redraw (min $100).
  • No fees for extra repayments.
  • 15% discount on CGU home, contents and landlord insurance.
  • No application fee on personal loans.
  • 0.15% p.a. bonus rate on term deposits.
  • Construction (interest only) available.
Owner occupied (including DHOAS) and investor - variable. Annual rate. Comparison rate.
Variable rate. 3.72% p.a. 4.10% p.a.
Variable rate for loans over $750k. 3.62% p.a. 4.00% p.a.
Variable rate for loans $250k - $750k. 3.67% p.a. 4.05% p.a.
Variable rate for loans under $250k. 3.72% p.a. 4.10% p.a.
Owner occupied - fixed. Annual rate. Comparison rate.
Fixed 1 year. 2.69% p.a. 4.00% p.a.
Fixed 2 year. 2.69% p.a. 3.92% p.a.
Fixed 3 year. 2.69% p.a. 3.84% p.a.
Fixed 4 year. 2.99% p.a. 3.86% p.a.
Fixed 5 year. 2.99% p.a. 3.81% p.a.
Investor - fixed. Annual rate. Comparison rate.
Fixed 1 year. 3.49% p.a. 4.08% p.a.
Fixed 2 year. 3.49% p.a. 4.06% p.a.
Fixed 3 year. 3.49% p.a. 4.04% p.a.
Fixed 4 year. 3.39% p.a. 3.99% p.a.
Fixed 5 year. 3.39% p.a. 3.97% p.a.
Investor - fixed interest-only. Annual rate. Comparison rate.
Fixed 1 year. 3.49% p.a. n/a
Fixed 2 year. 3.49% p.a. n/a
Fixed 3 year. 3.49% p.a. n/a
Fixed 4 year. 3.39% p.a. n/a
Fixed 5 year. 3.93% p.a. n/a
Investor. Annual rate. Comparison rate.
Interest-only variable. 3.93% p.a. n/a
Interest-only construction. 3.93% p.a. n/a
Smart Mover Line of Credit. Annual rate. Comparison rate.
Variable rate.‡ 4.62% p.a. n/a
Application fee. $0
Loan Settlement fee.^ $275
Valuation fee.^  
– Standard valuation. $205.25
Loan Service fee.^ (monthly) $8
Consent and variation fee.^ $250
Switching fee.^ (For example switching from fixed to variable interest rate.) $300
Security discharge administration fee.^ $250
Substitution of loan security fee.^ $275
May be payable.^  
– Solicitors and other parties actioning requests. Not ascertainable
Break cost fee.†  
Payable before expiry of any period when interest rate is fixed on any portion of loan due to loan being repaid, interest becoming variable or default. We calculate the ‘break cost’ using the following formula:  
Let n = the remaining number of months for which the rate is fixed.
Let A = current outstandings.
Let P = monthly scheduled payments.
Let z = annual fixed interest rate payable monthly.
Let y = annual reinvestment rate payable monthly.
Let b = (1+y/12)n Let d = (1+z/12)n.
Then the Break Value is given by: (A/b)*(d-b)+12P/(byz)*(z(b-1)-y(d-1)).
Arrears reminder notice fee (per letter). $20
Default Notice (enforcement notice). $20
Redraw Fee (Basic Variable home loan only). $25



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.


Not payable under the Ultimate Package.


Not payable on the DHOAS Premier and DHOAS Premier Low Rate Home Loan or Premier and Premier Low Rate Home Loan. Details available in branch or at

Fees and charges are payable. Terms and conditions available on request.

Terms and conditions, fees and charges apply and are available upon request. Approval subject to Defence Bank's lending criteria.

Interest is calculated daily on the closing balance and credited on the last day of each month.

We may change our fees, charges and interest rates from time to time.

All products except foreign currency and insurance are issued by Defence Bank. Defence Bank recommends you read the Defence Bank Products and Services - Conditions of Use for any product you choose to take. Any advice contained on this website is general advice only.

Next steps...

Learn more about the DHOAS with our Key Facts Sheet.
Use our home loan calculators to see how your dream home fits into your budget.
Any questions? Talk to one of our experienced, helpful staff.
Find a home loan consultant at a branch near you.

Frequently asked questions.

The deposit amount depends on the type of home loan you’re looking at. It’s best to have a chat to a home loan consultant to find out, and we can provide a referral for you if you give us a call on 1800 033 139.
Look at our home loan options.

DHOAS, or the Defence Home Ownership Assistance Scheme, is a subsidy provided by the Department of Veteran Affairs (DVA) that is paid directly onto your home loan.
Find out more about DHOAS.

Yes, we are one of the financial institutions who are able to offer this scheme to our members. To check your eligibility, visit the National Housing Finance and Investment Corporation (NHFIC) website.
Check if you’re eligible.

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