Defence Bank home loans

3.9
Based on 28 Defence Bank home loan product reviews.
Fact Checked

Defence Bank began as Defence Force Credit Union in 1975, and changed its name in 2012.  Offering financial products - including a range of competitive home loans - to Australian Defence Force personnel and the wider Aussie public, Defence Bank is one of Australia's larger member-owned bank with 33 branches around Australia. And in 2022, Defence Bank took out a Mozo Experts Choice Home Loan Award in the Fixed Investor Home Loan category.

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Last updated 30 October 2024 Important disclosures and comparison rate warning*

Defence Bank home loans

  • Essentials Fixed Home Loan

    • $250k to $750k
    • Owner Occupier
    Interest rate
    5.99 % p.a.
    Fixed 3 years
    Comparison rate
    7.03 % p.a.
    Initial monthly repayment
    $2,995
    Link not supplied

  • Essentials Home Loan

    • Owner Occupier
    Interest rate
    6.09 % p.a.
    Fixed 3 years
    Comparison rate
    7.60 % p.a.
    Initial monthly repayment
    $3,027
    Link not supplied

  • Essentials Fixed Home Loan

    • $250k to $750k
    • Investment
    Interest rate
    6.19 % p.a.
    Fixed 3 years
    Comparison rate
    7.22 % p.a.
    Initial monthly repayment
    $3,059
    Link not supplied

  • Essentials Home Loan

    • Investment
    • Principal & Interest
    Interest rate
    6.29 % p.a.
    Fixed 3 years
    Comparison rate
    7.79 % p.a.
    Initial monthly repayment
    $3,092
    Link not supplied

  • Premier Low Rate Home Loan

    • Owner Occupier
    • LVR <70%
    Interest rate
    6.44 % p.a.
    Variable
    Comparison rate
    6.44 % p.a.
    Initial monthly repayment
    $3,141
    Link not supplied

  • Premier Low Rate Home Loan

    • Investor
    Interest rate
    6.64 % p.a.
    Variable
    Comparison rate
    6.64 % p.a.
    Initial monthly repayment
    $3,207
    Link not supplied

  • Premier Home Loan

    • Owner Occupier
    Interest rate
    6.79 % p.a.
    Variable
    Comparison rate
    6.79 % p.a.
    Initial monthly repayment
    $3,256
    Link not supplied

  • Premier Home Loan

    • Investor
    Interest rate
    6.99 % p.a.
    Variable
    Comparison rate
    6.99 % p.a.
    Initial monthly repayment
    $3,323
    Link not supplied

  • Essentials Home Loan

    • $250k to $750k
    • Owner Occupier
    Interest rate
    6.99 % p.a.
    Variable
    Comparison rate
    7.32 % p.a.
    Initial monthly repayment
    $3,323
    Link not supplied

  • Essentials Home Loan

    • $250k to $750k
    • Investment
    • Principal & Interest
    Interest rate
    7.19 % p.a.
    Variable
    Comparison rate
    7.52 % p.a.
    Initial monthly repayment
    $3,391
    Link not supplied

  • Essentials Home Loan

    • Owner Occupier
    Interest rate
    8.02 % p.a.
    Variable
    Comparison rate
    8.17 % p.a.
    Initial monthly repayment
    $3,676
    Link not supplied

  • Essentials Home Loan

    • Investment
    • Principal & Interest
    Interest rate
    8.22 % p.a.
    Variable
    Comparison rate
    8.37 % p.a.
    Initial monthly repayment
    $3,746
    Link not supplied

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Defence Bank home loan ratings

Overall customer rating for Defence Bank home loans

3.9
Based on 28 product reviews.

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Defence Bank products

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.