Family playing cricket in backyard

DHOAS Premier home loan.

With a 100% mortgage offset account.

6 .19 % p.a. Annual rate.
6 .19 %* p.a. Comparison rate.
Family playing cricket in backyard

100%

mortgage offset account

DHOAS

compatible

No application

or monthly fees

Free loan redraw

(min $100)

The Premier home loan is fuss-free with the flexibility of an offset account - a transaction account that’s linked to your home loan. The freedom of unlimited redraws, and no monthly, annual, extra repayments or application fees.

Key features

  • 100% mortgage offset account
  • DHOAS home loan compatible
  • No application fees
  • No monthly fees
  • Free loan redraw (min $100)
  • No fees for extra repayments
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View Key Facts Sheet

Calculators

Owner occupied. Variable rate Comparison rate*
DHOAS Premier home loan. 6.19% p.a. 6.19% 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.

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.

Frequently asked questions

You need to have at least 5% genuine savings plus enough funds to cover fees and charges.

Where you have less than a 20% deposit, lenders mortgage insurance (LMI) or, if you are eligible, a Home Guarantee Scheme will be required. Speak to a lender to find out more.

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:



Where the LVR exceeds 80% lenders mortgage insurance (LMI) or, if you are eligible, a guarantee under the Home Guarantee Scheme will be required. It’s best to talk to a lender to find out more.

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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