- Home
- Home Loans
- Companies
- Defence Bank
Defence Bank home loans
Defence Bank (formerly Defence Force Credit Union Limited) was founded in 1975 to help Australian Defence Force personnel manage their money. One of Australia’s largest member-owned banks, Defence Bank has over 90,000 customers and manages more than $1.5 billion in assets.
Defence Bank is well known for providing a range of home loans tailored to Defence personnel in addition to more standardised financial products such as insurance, credit cards and every day banking facilities.
As Defence Bank isn’t controlled by shareholders it’s able to offer a range of financial products at competitive interest rates to customers across Australia. In 2014 and 2015 Defence Bank won Money Magazine’s ‘Best of the Best Award’ for it’s car loan and was a finalist in the 2013 Australian Lending Awards.
Personal Finance Editor
Content updated
Product data updated
Why choose Defence Bank
Defence Bank Home Loans
Loan amount
Minimum deposit
Loan type & Term
Sort by
5.74%
6.92%
$2,200
Australian Credit Licence 234582
Fees & charges apply
Essentials Home Loan with Ultimate Package
- Investor
- Fixed 2 years
- 5% min deposit
- P&I
5.99%
5.99%
$2,253
Australian Credit Licence 234582
Fees & charges apply
Premier Home Loan
- Owner Occupied
- Variable
- 30% min deposit
- P&I
6.19%
6.19%
$2,296
Australian Credit Licence 234582
Fees & charges apply
Premier Home Loan
- Investor
- Variable
- 10% min deposit
- P&I
6.24%
6.24%
$2,307
Australian Credit Licence 234582
Fees & charges apply
Premier Home Loan
- Owner Occupied
- Variable
- 5% min deposit
- P&I
6.34%
6.34%
$2,328
Australian Credit Licence 234582
Fees & charges apply
Premier Home Loan
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.54%
6.54%
$2,372
Australian Credit Licence 234582
Fees & charges apply
Premier Home Loan
- Investor
- Variable
- 10% min deposit
- P&I
5.89%
6.63%
$2,232
Australian Credit Licence 234582
Fees & charges apply
Essentials Home Loan with Ultimate Package
- Owner Occupied
- Fixed 5 years
- 5% min deposit
- P&I
5.69%
6.68%
$2,189
Australian Credit Licence 234582
Fees & charges apply
Essentials Home Loan with Ultimate Package
- Owner Occupied
- Fixed 3 years
- 5% min deposit
- P&I
5.89%
6.68%
$2,232
Australian Credit Licence 234582
Fees & charges apply
Essentials Home Loan with Ultimate Package
- Owner Occupied
- Fixed 4 years
- 5% min deposit
- P&I
5.54%
6.73%
$2,158
Australian Credit Licence 234582
Fees & charges apply
Essentials Home Loan with Ultimate Package
- Owner Occupied
- Fixed 2 years
- 5% min deposit
- P&I
6.09%
6.83%
$2,274
Australian Credit Licence 234582
Fees & charges apply
Essentials Home Loan with Ultimate Package
- Investor
- Fixed 5 years
- 5% min deposit
- P&I
6.19%
6.85%
$1,805
Australian Credit Licence 234582
Fees & charges apply
Essentials Home Loan with Ultimate Package
- Investor
- Fixed 5 years
- 5% min deposit
- Interest Only
Home Loans calculator
Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated mortgage repayments
Total interest
$0
Total repayments
$0
- All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
- The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
- At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
- The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
- One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
- The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
- After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.
Defence Bank customer service
Defence Bank home loan customers can get in touch in a number of ways. By calling the customer service centre it’s possible to speak to a member of staff on the phone, or alternatively customers can visit one of its 40-plus branches primarily located on defence bases across Australia. Wherever customers are located cash can be withdrawn through one of Australia’s largest ATM networks and enquiries can be made via email or through the bank’s website. Defence Bank mobile and online banking services are available 24/7.
- Customer service centre (phone)
- Mobile app
- Online banking
- Branch
How to Apply
To get in touch with Defence Bank regarding their home loan customers can call the customer service centre and arrange to speak to a home loan consultant. Customers can also make enquiries online and complete Defence Bank’s obligation-free pre-approval process. Home loan applications can be made both online and face-to-face in a branch. Before settling on a home loan it’s important for customers to calculate how much they can comfortably borrow at various terms and interest rates. To support any Defence Bank home loan application the following documentation may be required:
- Personal identification material.
- Proof of income and tax file number.
- Proof of additional earnings.
- Information regarding current debts, liabilities and assets.
- Documentation on the new property.
Share this page
About our expert
Did you find this page helpful?
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.