Defence Bank Home Loans
What home loans does Defence Bank offer?
Essentials Home Loan with Ultimate Package: A package home loan offering Defence Bank’s fullest range of features, including a fixed rate option.
Essentials Home Loan: A more basic loan with a limited range of features compared to Defence Bank’s other home loan products. Comes with variable and fixed interest rate options.
DHOAS Premier Home Loan with offset: A variable rate loan with 100% mortgage offset. At the time of writing this was the Defence Bank’s variable product with the lowest interest and comparison rate.
At the time of writing Defence Bank offers the following types of home loans:
- Variable rate home loans
- Fixed rate home loans
- Interest-only home loan
- Investment home loan
- Construction home loans
- Refinancing home loan
- Line of credit home loan
Find out more about how different types of home loans work here.
Compare home loans with Canstar to find a product suited to your needs.
Defence Bank Home Loan Features
The inclusions below represent a selection of the features available. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about products on offer from this provider. Please ensure that you read the product disclosure statement (PDS) to determine all the current loan terms and conditions for the product you are considering.
- Offset account available on selected loan products
- Redraw facility available
- Additional repayments allowed
- No fee for extra repayments
- No application, annual or monthly fees (selected products)
- 15% discount on CGU Home, Contents and Landlords Insurance (selected products)
Source: Defence Bank
Defence Bank FAQs
Applying for a Defence Bank home loan can be a simple process. First consider comparing home loans on the Canstar website and apply online on the Defence Bank website for the loan of your choice. For more help to apply, you can contact Defence Bank to speak to one of their consultants.
When applying for a Defence Bank home loan, you’ll need to provide several pieces of information, including:
- Proof of identification (such as a driver’s licence) and your tax file number
- Proof of income
- Proof of your current assets and outstanding debts
- A copy of the sales contract for the property (before the loan is closed)
- Proof of title for property and a valuation of the property
Follow our applying for a home loan checklist, and use the Canstar website to compare Defence Bank home loans with other home loans before choosing a product that suits your needs:
Defence Bank allows extra repayments on its variable interest home loans, and depending on the home loan you take out, you may not be charged any fees for these extra repayments. Terms and conditions apply; contact your lender for details.
Find out how making extra repayments could save money with our Extra Repayments Calculator.
Defence Bank’s variable rate home loans offer a redraw facility for withdrawals of $100 or more. Fees and charges may apply to use of a redraw facility; contact your lender for details or learn more about redraw facilities here.
Defence Bank began in 1975 under the name of Defence Force Credit Union Limited, until it changed its name to Defence Bank in 2012. Defence Bank is now one of Australia’s largest member-owned banks, with 90,000 members and over $1.7 billion in assets under management. Initially, Defence Bank was only open to members of the Australian Defence Force, but it has since relaxed this stance and is now open to all Australians.
According to Defence Bank, it is active in supporting the community. The Defence Bank Foundation is an independent charity designed to help wounded and troubled Defence Force personnel – present and past – and their families, focusing on treating PTSD (Post Traumatic Stress Disorder) and combat stress in particular.
Source: Defence Bank