Defence Bank Limited
Ultimate Essentials DHOAS
The cream of the crop when it comes to our range of home loans on offer.
Home loansBank updated 20 May 2026
At a glance
- Variable (owner occ. P&I)
- 6.69% · 6.78% comparison
- Max LVR
- 95%
- Annual fee
- $96
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableDHOAS Ultimate Package variable over $750k | Owner occupied · P&I | — | — | 6.69% | 6.78% | — |
| VariableDHOAS Ultimate Package variable $250k - $750k | Owner occupied · P&I | — | — | 6.74% | 6.83% | — |
| VariableDHOAS Ultimate Package variable under $250k | Owner occupied · P&I | — | — | 6.79% | 6.88% | — |
§ 02 — Fees · 3
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Arrears reminder notice fee (per letter) | Event | $20 | — | Payable each time we send you a reminder notice relating to arrears on a loan |
| Default notice (enforcement notice) | Event | $20 | — | Payable each time we send you a reminder notice relating to default on a loan |
| Ultimate Package Annual Fee | Periodic | $96 | Every 1 yr | Payable initially upon settlement of the property and then annually on the anniversary of the date on which the first annual package fee was paid when the loan is linked to the Ultimate Package. |
§ 03 — Features
Offset accountRedrawExtra repaymentsDigital banking
- · No application or establishment fees.
- · No monthly fees.
- · DHOAS home loan compatible.
- · Loan Portability
- · Split Loan Facility
- · Fixed rate option available
- · Australia-based Contact Centre
- · Home Loan Consultants
- · Australian Government 5% Deposit Scheme
§ 04 — Eligibility & limits
- · Residency: Australian residents only.
- · Employment: To be eligible, you must meet Defence Home Ownership Assistance Scheme conditions.
- · Maximum LVR 95%
- · 18
- · Lending criteria.
- · Purpose
§ 06 — Run the numbers
Put this product through a calculator
Published by Defence Bank under the Consumer Data Right, last changed by them on 20 May 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.