Kids playing in sprinkler.

Turn on the equity in your home.

4 .77 %‡ p.a. Annual rate.
Kids playing in sprinkler.

Easy access to approved funds.

Competitive interest rate.

Package of benefits across insurance, personal loans and term deposits.

No fees for extra repayments.

The Smart Mover line of credit home loan is a secured revolving line of credit. With our Ultimate Package added onto this already extremely competitive offer, this loan can become the ultimate way of managing your family’s finances.

This home loan option is a smart move to make to turn the value of your home into cash for whatever purpose, one simple annual fee, and benefits across our debit card, credit card, insurance, personal loan and term deposit options.

Key features.

  • Smart Mover - access to equity via our award-winning app, Online Banking, Visa card.
  • No application fees, no monthly fees, no fees for extra repayments.
  • Ultimate package - 15% discount on CGU home, contents and Landlords insurance, no application fee on personal loans, 0.15% pa bonus rate on term deposits.
Smart Mover Line of Credit (Essentials home loan). Annual rate. Comparison rate.*
Variable rate.‡ 4.77% p.a. n/a
Smart Mover Line of Credit (Essentials home loan with Ultimate Package). 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.

You may also like...

DHOAS home loans.
Debit card.
Home and contents insurance.
Term deposits.

Let's talk.

Got a question or feedback? Get in touch at any time.
Jump into a Live Chat session to address your queries.
Visit a branch and discuss your finances face-to-face.
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