Phone plugged in to back up battery.

The backup you need when you need it.

13 .99 % p.a. Annual variable rate.
Phone plugged in to back up battery.

Great competitive rate.

Additional funds for emergencies.

Only pay interest on money used.

Apply online.

A helping hand when you might need it most. If your bank balance dips a little low, a Defence Bank overdraft facility offers the safety net of additional funds at short notice for unexpected emergencies.

An overdraft can also help if you're juggling multiple direct debits to ensure everything is covered until your salary arrives.

Linked to your Everyday Access account, you can simply draw money as you need it, up to an agreed limit, only paying interest on the money you use – perfect for covering short-term financial demands.

Overdraft. Annual variable rate.† Comparison rate.
Overdraft. 13.99% p.a. n/a

Comparison rate is based on a $30,000 loan over a 5 year term. Fees and charges are payable. Terms and conditions are available on request. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate applies to both secured and unsecured loans.

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

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.

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Frequently asked questions.

No, there are no fees to pay out your loan early. Paying off a loan early usually means you save money on interest over the life of your loan, making it a great step financially if you can afford to do so. This is why we have no fees in this instance, encouraging you to make the best decision for yourself.

While there is no set maximum amount, we often require a vehicle to be held as security over loans of a higher amount. If there is a suitable vehicle, we can assess the loan on its own merit.

Congratulations on being so near to paying off your loan. The process of paying out the remainder of your loan is different depending on the type of loan you have.
If you want to pay out your home loan, you’ll need to contact your personal home loan consultant. Our helpful staff at our Contact Centre or in-branch can let you know who that is if you’re unsure.
If you want to pay out your car loan or personal loan, we can provide you with a payout figure up to one week in advance of the requested payout date. This figure can change day to day, and we need to make the final payment into the loan to close it off. Once you’ve spoken to us and transferred the right amount into one of your everyday accounts, we’ll keep an eye on it and make sure it’s closed off for you.

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