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Defence Bank home loans

Defence Bank has home loan rates starting from 6.45%.

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Defence Bank offers a range of home loans for Australian borrowers. You don't have to be affiliated with the Australian Defence Force to sign up. Check out the full table of Defence Bank products below or read more about the lender.

Compare Defence Bank home loans for December 2023

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1 - 5 of 12
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest 2Y Fixed5% min. depositOwner-occupierOffset account
Interest Rate
6.49%
Comparison Rate
7.27%
Fees
Application: $0
Ongoing: $380 p.a.
Monthly Payment
$948
More Info
Principal & Interest 1Y Fixed5% min. depositInvestmentOffset account
Interest Rate
6.79%
Comparison Rate
7.53%
Fees
Application: $0
Ongoing: $380 p.a.
Monthly Payment
$978
More Info
Principal & Interest 1Y Fixed5% min. depositOwner-occupierOffset account
Interest Rate
6.59%
Comparison Rate
7.33%
Fees
Application: $0
Ongoing: $380 p.a.
Monthly Payment
$958
More Info
Principal & InterestInterest only 2Y Fixed5% min. depositOwner-occupierOffset account
Interest Rate
6.59%
Comparison Rate
7.87%
Fees
Application: $0
Ongoing: $8 p.a.
Monthly Payment
$958
More Info
Principal & Interest5% min. depositOffset account
Interest Rate
6.79%
Comparison Rate
6.79%
Fees
Application: $0
Ongoing: $8 p.a.
Monthly Payment
$978
More Info
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Showing 5 of 12 results

Defence Bank key facts

  • It's a customer owned financial institution based in Melbourne, Victoria.
  • It offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as credit cards, savings, insurance and personal loans.

Defence Bank home loan features

Here are the key features and details you need to know about Defence Bank's mortgage products.

FeatureDetails
Minimum depositIt's possible to get a home loan with a deposit as low as 10%.
Offset accountYou can get an offset account with several of its loans.
Repayment optionsMany of its home loans allow you to make interest only repayments for a limited period. The lender also offers the standard principal and interest repayments on its loans.

How do I apply for a mortgage from Defence Bank?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Defence Bank you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

πŸ“„ Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

πŸ“„ Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

πŸ“„ Proof of income documents. Recent payslips can establish your income.

πŸ“„ Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

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2 Responses

    Default Gravatar
    WarwickMay 4, 2015

    Saw your add in ARMY newspaper.
    Ordinary Gold Card Viet-Vet.

    Do you provide other than Home Loans?
    That is I’m looking for an alternative Debit Card and Managed Funds provider.

      Default Gravatar
      JodieMay 12, 2015

      Hi Warwick,

      Thank you for your enquiry.

      You have come through to finder.com.au, a financial comparison website.

      Please feel free to contact one of the above mentioned financial institutions to discuss your needs.

      Regards
      Jodie

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