What you want. When you want it. Now.

8 .99 % p.a. Low interest rate.

9 .96 %* p.a. Comparison rate.

Competitive interest rate.

Choice of loan term.

No fees for extra repayments or early payouts.

Quick ‘n’ easy online application.

Saw it, wanted it, got it - we’ll help you get there with a Defence Bank personal loan. 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.

Competitive interest rate.
Quick and easy applications.
Fast approvals.
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.

Personal loan.	Interest rate.	Comparison rate.*
Personal loan.	8.99% p.a.	9.96% 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.

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.

Not yet a member? Join us for all these benefits and more.

Become a member.

Use our personal loan calculator to see how your loan fits into your budget.

See calculators.

Any questions? Talk to one of our experienced, helpful staff.

Let's talk.

Our award-winning app gets you banking on the go.

Learn more.

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.