Woman looking at cake.

Personal loan.

A loan suitable for a variety of reasons, including cars more than five years old.

10 .49 % p.a. Low interest rate.
11 .45 %* p.a. Comparison rate.
Woman looking at cake.

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.

  • Suitable for vehicles more than five years old.
  • 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 2023 'Lender of the Year (Defence Services) - Personal Loans' and 'Best for Flexibility - Personal Loans' awards.

Winner_2023_Lender of the Year (Defence Services) - Personal Loans.svgWinner_2023_Best for Flexibility - Personal Loans.svg

Personal loan. Interest rate. Comparison rate.*
Personal loan. 10.49% p.a. 11.45% p.a.
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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Any questions? Speak to our experienced, helpful staff.
See how our loan fits into your budget.

Frequently asked questions.

Learn more about personal loans.