What you need to know about car finance.
If a new car is on your wish list, you’re probably spending plenty of time comparing between makes and models. But there’s plenty to consider with car finance too. We explain the key issues to weigh up.
The Defence Bank blog.
If a new car is on your wish list, you’re probably spending plenty of time comparing between makes and models. But there’s plenty to consider with car finance too. We explain the key issues to weigh up.
If saving a big deposit is holding you back from buying a home, don’t give up your goal. There are plenty of options to buy a house with less than 20% deposit.
A fixed rate home loan can protect you from rising interest rates and extend the savings of low rates, but there’s a lot to consider before locking in your loan’s interest rate.
Your credit score is dynamic, meaning it may change from month to month as your financial circumstances change. Here are some ways to improve it.
BPAY is an easy and secure way to pay and manage bills from your online banking or the Defence Bank app.
Lenders mortgage insurance is a type of insurance that lets you buy a home with a deposit below 20%. This type of cover protects the lender, not the home buyer, so it’s worth looking at ways to cut the cost.
A home loan comparison rate includes the loan's regular interest rate as well as most upfront and ongoing fees, helping you make an ‘apples for apples’ comparison between different home loans.
Redraw is a feature of most variable rate home loans, letting home owners withdraw extra payments out of their loan if cash is needed in an emergency.
Redraw and offset accounts both offer opportunities to save on home loan interest and become mortgage-free sooner. But there are key differences between the two. We weigh up how redraw works compared to offset.