Large ant hill in the Australian outback.

For all types of renovations for all types of homes.

Large ant hill in the Australian outback.

Giving your house a renovation often delivers the dual benefit of an aesthetic update and a boost in the value of the property. There are a few ways you can finance a renovation with Australia’s Defence Bank, be it a lick of paint or a large extension.

Speak with a home loan consultant today to discuss your options.

Find a home loan consultant. 

The Defence Bank Foundation credit card.

For renovations on the smaller side, it’s easy to take advantage of the six-month low introductory rate on our Defence Bank Foundation credit card. With the funds available straight away you can get renovating sooner. This competitive interest rate card also boasts a low annual fee, a fast application process and 24/7 fraud protection monitoring.

More about the Defence Bank Foundation credit card.

Line of credit home loan.

If you already own a house or are looking to renovate, our Smart Mover line of credit home loan gives you access to a stream of credit built on the equity in your property. A popular option for those with an eye to update their home, a line of credit built into your mortgage can offer the flexibility to start any size renovation, any time that suits you.

Find out more about our Smart Mover Line of Credit home loan.

Increase your existing loan.

Do you have a particular renovation in mind? Have you obtained quotes for the work? Have you included the cost of window treatments, floor coverings and the like? If you’re ready to go then increasing your current home loan might be a an option.

Find a home loan consultant.

Personal loan.

A fuss-free personal loan is another good way to fund a project at home, with a loan amount and repayment term that suits your personal circumstances. With a competitive low rate, fast application process and free redraw facility, talk to one of our friendly staff to assess your requirements.

View our personal loans.

A bit of old-fashioned saving.

Sometimes the tried and true ways work best, and that’s never more true with making the most out of your savings to renovate your home. If you’re in a position to give it time, we have some great ways to boost what you’ve stashed away with competitive interest savings accounts and term deposits.

View our savings accounts.

Frequently asked questions.

You can buy a new or used car or motorcycle up to, and including, 5 years old with a car loan. If you would like to purchase an older car, contact us as you may do so with a personal loan

You need to have at least 5% genuine savings plus enough funds to cover fees and charges.

Where you have less than a 20% deposit, lenders mortgage insurance (LMI) or, if you are eligible, a Home Guarantee Scheme will be required. Speak to a lender to find out more.

Look at our home loan options.

The Defence Home Ownership Assistance Scheme (DHOAS) assists current and former Australian Defence Force (ADF) members and their families to achieve homeownership.

DHOAS is administered by the Department of Veterans' Affairs (DVA) on behalf of the Department of Defence.

DHOAS provides eligible current and former serving members of the Permanent Force and the Reserves with a subsidy on the interest of their home loans.

The subsidy is paid monthly, directly into a DHOAS home loan. The amount of subsidy you receive depends on your subsidy tier level and the balance of your home loan up to your subsidised loan limit. 

To learn more about Defence Bank DHOAS home loans click here

To find out more about DHOAS and your eligibility click here

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