Looks like it's time to upgrade your browser. To be more secure and enhance your browser experience try Chrome, Edge or Firefox.
Defence Bank Mobile
Despite lockdowns across the country, we're still open for business. However, remember to follow local on-base COVID protocols. Please contact your local branch to confirm individual branch access before your visit.
Redraw and offset accounts both offer opportunities to save on home loan interest and become mortgage-free sooner. But there are key differences between the two. We weigh up how redraw works compared to offset.
The loan-to-value ratio – or LVR – refers to the percentage of your home’s value you are borrowing through a home loan. The bigger your deposit, the lower your LVR – and the more you can save on loan interest.