Essentials home loan with Ultimate Package (investor).

4 .19 % p.a. Low interest rate
4 .64 % p.a. Comparison rate

Fixed rate options 1 to 5 years.

Can make extra repayments.

No application or extra repayment fees.

Added benefits.

The cream of the crop when it comes to our range of home loans on offer. This is the option for you if you want the ultimate in value across your entire financial set up, with one simple annual fee, no fee for extra repayments and benefits across our debit card, credit card, insurance, personal loan and term deposit options.

Everything you could want in a home loan, this has it - not to mention our Australia-based Contact Centre team who understand the unique challenges and opportunities of being in the defence community.

Key features.

  • Fixed rate options 1 to 5 years.
  • No application or establishment fees.
  • No monthly fees.
  • No annual fee on our low rate credit card.
  • No fees for extra repayments.
  • 15% discount on CGU home, contents and landlord insurance.
  • No application fee on personal loans.
  • 0.15% p.a. bonus rate on term deposits.

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Investor - fixed. 2 year fixed rate. Comparison rate.
Fixed 1 year. 4.19% p.a. 4.64% p.a.
Fixed 2 year. 5.19% p.a. 4.82% p.a.
Fixed 3 year. 5.59% p.a. 5.01% p.a.
Fixed 4 year. 5.99% p.a. 5.25% p.a.
Fixed 5 year. 6.09% p.a. 5.42% p.a.
Annual package fee. $380
Rate lock fee.  
– When you ask us to lock in a fixed, or guaranteed, rate of interest on a home loan. 0.15% of the fixed interest rate loan amount.
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



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. For interest only variable loans, the comparison rates are based on an initial 5 year interest only term. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period.


These features are not available during a fixed interest period.


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.

Rates apply to new applications received however are subject to change at anytime.

Minimum loan amount $250,000.

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

Home Loan Refinance Cashback Promotion.
$2,500 cashback offer for the refinance of a home loan to Defence Bank.
Terms and conditions.
1. The Promoter is Defence Bank Limited ABN 57 087 651 385 AFSL / Australian Credit Licence 234582 of Level 10, Queen Street, Melbourne 3000 (‘Defence Bank’ or ‘Promoter’).
2. This $2,500 cashback promotion (‘Promotion’) commences on Tuesday 8th February 2022 and closes on Saturday 30th September 2022 (‘Promotion Period’).
3. Applications for Defence Bank home loans are subject to credit approval. Full terms and conditions will be included in members’ Defence Bank loan offer. Fees and charges may be payable.
4. This offer is available to Australian residents aged 18 years and over who refinance a home loan with a new Defence Bank home loan product (‘Eligible Members’) under the following Eligibility Requirements:
- Home loan application must be submitted within the Promotional Period (point 2 above).
- Lending must be new to Defence Bank (refinances of existing Defence Bank home loans are excluded from this offer).
- Repayment type can be principal and interest or interest only
- Available to fixed and variable home loans.
- Available on owner occupier and investor home loans
- Minimum home-loan-specific refinance amount ≥$250k.
- All Defence Bank home loans (excluding construction loans) are eligible
- Home loan must be disbursed on or before 30 November 2022.
- Normal lending policies apply.
- This offer is not available in conjunction with any other promotions.
5. Only one cashback per security property. Where a home loan has more than one applicant and one applicant receives the cashback, all applicants are deemed to have received the cashback. Maximum cashback amount of $2,500.
6. Defence Bank reserves the right to verify the validity of Eligible Members (including a members identity and application details) and reserves the right to disqualify any Eligible Member if the member is engaged in any unlawful or other improper misconduct calculated to jeopardise the fair and proper conduct of the Promotion.
7. Provided these Terms and Conditions including Eligibility Requirements are met, Eligible Members will receive $2,500 cashback transferred electronically into their new Everyday Access account after the loan has been disbursed. The date of cashback payment will be 45 days (or the next business day where the 45 days falls on a weekend or public holiday) from the date of loan disbursal.
8. Eligible Members must hold or open an Everyday Access account.
9. The $2,500 cashback cannot be used towards the calculation of serviceability of the home loan.
10. Eligible Members accept the cashback ‘as is’ and acknowledge that Defence Bank accepts no responsibility for any tax implications that may arise from the cashback. Eligible Members may need to seek advice from the Australian Tax Office or their own taxation adviser or independent financial adviser.
11. Defence Bank reserves the right to review and amend these Terms and Conditions at any time.