| Product | Interest rate from | Comparison rate from | Upfront fee |
|---|---|---|---|
| Car Loan (Variable, Secured) |
6.79% p.a. |
7.57% p.a.based on $30,000 |
$206.00 |
| Consolidation Loan (Variable, Secured) |
13.99% p.a. |
14.93% p.a.based on $30,000 |
$206.00 |
| Personal Loan (Variable, Secured) |
9.79% p.a. |
10.76% p.a.based on $30,000 |
$206.00 |
Consolidation loan:
If you’re repaying debts collectively worth $10,000 or more, you could combine them for a lower interest rate with Defence Bank’s debt consolidation loan. This unsecured loan doesn’t require you secure it to an asset, which means less paperwork for you. The interest rate is subject to change at any point along the loan term, which can span from 1-7 years. With a Defence Bank consolidation loan you can make extra loan repayments and withdraw from them via a free redraw facility. Remember to factor in a signup cost and small monthly administration fees if you are considering taking out this loan.
Low rate car loan:
Need a personal loan to help finance a new or used car up to 5 years old with a $10,000 price tag or higher? A low rate Defence Bank car loan could help you with that, where the loan amount maximum depends on how much you are eligible to borrow. In return for securing your vehicle to the loan you’ll receive a competitively low variable interest rate. Nifty features include a free redraw facility to draw on extra repayments, and no break costs for clearing that debt earlier than required. Loan terms range from 1-7 years and there’s a sign up cost plus monthly fees involved with this loan.
Secured personal loan:
Whether you need a personal loan to help finance that dream wedding or holiday, Defence Bank’s secured personal loan with a free redraw facility and zero break costs could be your borrowing match. Loan amounts start from $1,000 (to a maximum dependant on your borrowing power) and you’ll need to tie an asset to the loan as security for its competitive, variable rate. The term of your secured personal loan can range from 1-7 years. While there is a sign on cost and monthly fees to consider, remember you’re still able to make extra loan repayments.
You can apply for any one of Defence Banks’ loans over the phone, online or at a local branch. Applications involve filling out as much personal information about your financial situation as possible to help determine loan eligibility. After you’ve applied, expect to know the outcome from a few hours to a couple of business days.
To apply for a personal loan with Defence Bank you will need:
Mozo users have rated Defence Bank personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
I have been with defence bank for quite a few years and I really enjoy them
Read full reviewI have been with defence bank for quite a few years and I really enjoy them
Wouldn't waste your time submitting order, they're very slow and very picky. I earn 50,000 a year and they were not able to offer their services.
Read full reviewWouldn't waste your time submitting order, they're very slow and very picky. I earn 50,000 a year and they were not able to offer their services.
Was easy to get at the time but they refused an increase.
Read full reviewWas easy to get at the time but they refused an increase.
It is really good to be in the Defence and have a bank walking distance from work no matter what base you are at, and easy to find :)
Read full reviewIt is really good to be in the Defence and have a bank walking distance from work no matter what base you are at, and easy to find :)