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Personal loan.

A loan suitable for a variety of reasons.

9 .79 % p.a. Low interest rate.
10 .76 %* p.a. Comparison rate.
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Fast approval.

Choice of loan term.

No fees for extra repayments or early payouts.

Apply online.

We offer a choice of loan terms from one to seven years (depending on the amount of your loan) – simply choose what you’re comfortable with and what suits your lifestyle. And with no early payout fees, having the things you want right now has never been easier.

Key features.

  • Having the things you want right now has never been easier.
  • For any worthwhile household, personal or domestic purpose.
  • Travel, whitegoods, older vehicles, engagement rings etc.
  • Quick and easy application.
  • Fast approval.
  • Choice of loan term from one to seven years.
  • No fees for extra repayments or early payouts.
  • Free redraw facility — available online or in-branch.
  • Winner of WeMoney's 'Lender of the Year (Defence Services) - Personal Loans' and 'Best for Flexibility - Personal Loans' awards two years in a row - 2023 and 2024.
  • Winner of WeMoney's 2024 'Outstanding Customer Service - Personal Loans' award.

B2B-2yrs_Lender of the Year_Defence Services_Personal Loans.svgB2B-2yrs_Best for Flexibility_Personal Loans.svgWinner_2024_Outstanding Customer Service_Personal Loans.svg

Apply now.

Calculators

Personal loan. Interest rate. Comparison rate.*
Personal loan. 9.79% p.a. 10.76% p.a.
Fees.  
Loan application fee.^ $150
Registration fee (security). $6
Processing fee (security). $50
Personal loan service fee (monthly). $10
Loan variation fee. $50
Arrears reminder notice fee (per letter). $20
Default notice (enforcement notice). $20

 

*

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.

^

Not payable on New Car Loan and Used Car Loan products.

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.

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

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.

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Personal loan calculator.

Frequently asked questions

Call us on 1800 033 139 so that we can have a chat and help you to determine the best loan to meet your needs.

The maximum loan amount is dependent on a number of factors, including a borrower’s ability to service (pay) the loan. Call us on 1800 033 139 to discuss your needs.

Great news! There are no fees for paying out your loan early.

Browse more FAQs

Learn more about personal loans.

Read more on the blog.