Family playing cricket in backyard

Everything you need, nothing you don't.

8 .02 % p.a. Variable annual rate.
8 .17 %* p.a. Comparison rate.
Family playing cricket in backyard

100% mortgage offset account.**

No monthly fees.

Pay no monthly fees.

No application fees.

Interest only option.

Sometimes simple is best. Our Essentials home loan offers the convenience and flexibility you need.

Compatible for owner-occupied, investment and construction loans, Essentials is a solid bet on a loan that has your back, whether it’s your first home, your tenth or anything in-between.

Key features.

  • No application fees.
  • 100% mortgage offset account.**
  • Free loan redraw (min $100).**
  • No fees for extra repayments.
  • Fixed rate option.
  • Interest only option.
  • Construction (interest only) available.
Book an appointment. Apply now.
View Key Facts Sheet.

Calculators.

Owner occupier. Variable rate. Comparison rate.*
Variable rate. 8.02% p.a. 8.17% p.a.
Investor. Variable rate. Comparison rate.*
Variable rate. 8.22% p.a. 8.38% p.a.
Interest-only construction. 8.22% p.a. 8.43% p.a.
Interest-only variable. 8.32% p.a. 8.41% p.a.

See all home loan fees and charges.

*

Comparison rates based on a $150,000 secured loan over 25 years. Fees and charges are payable. Terms and conditions available on request. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. For interest only variable loans, the comparison rates are based on an initial 5 year interest only term. For fixed rate interest only loans, the comparison rates are based on an initial interest only period equal in term to the fixed period.

**

These features are not available during a fixed interest period.

‡

Fees and charges are payable. Terms and conditions available on request.

Terms and conditions, fees and charges apply and are available upon request.

Approval subject to Defence Bank's lending criteria.

Rates apply to new applications received however are subject to change at anytime.

Minimum loan amount $100,000.

Defence Bank’s Target Market Determination can be viewed here.

Frequently asked questions.

You can buy a new or used car or motorcycle up to, and including, 5 years old with a car loan. If you would like to purchase an older car, contact us as you may do so with a personal loan. 

You need to have at least 5% genuine savings plus enough funds to cover fees and charges.

Where you have less than a 20% deposit, lenders mortgage insurance (LMI) or, if you are eligible, a Home Guarantee Scheme will be required. Speak to a lender to find out more.

Look at our home loan options.

The Defence Home Ownership Assistance Scheme (DHOAS) assists current and former Australian Defence Force (ADF) members and their families to achieve homeownership.

DHOAS is administered by the Department of Veterans' Affairs (DVA) on behalf of the Department of Defence.

DHOAS provides eligible current and former serving members of the Permanent Force and the Reserves with a subsidy on the interest of their home loans.

The subsidy is paid monthly, directly into a DHOAS home loan. The amount of subsidy you receive depends on your subsidy tier level and the balance of your home loan up to your subsidised loan limit. 

To learn more about Defence Bank DHOAS home loans click here. 

To find out more about DHOAS and your eligibility click here. 

See all home loan FAQs.