Defence Bank LimitedUltimate Essentials DHOAS Fix
The cream of the crop when it comes to our range of home loans on offer.
At a glance
- Fixed
- 1 yr 6.74%, 2 yrs 6.76%, 3 yrs 6.87%, 4 yrs 6.87%, 5 yrs 6.89%
- Max LVR
- 95%
- Annual fee
- $96
- Features
- extra repayments
How it compares
This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| 1-year fixed home loanOwner occupier, principal & interest, 80% LVR | 6.74% | 5.99%Northern Inland Credit Union Ltd.'s Value Home Loan - Fixed 12M | 6.59%of 82 institutions | 49th lowest of 82, level with 5 others |
| 2-year fixed home loanOwner occupier, principal & interest, 80% LVR | 6.76% | 6.09%BankVic's Fixed Rate Home Loan - 2 years | 6.62%of 84 institutions | 50th lowest of 84 |
| 3-year fixed home loanOwner occupier, principal & interest, 80% LVR | 6.87% | 6.24%Credit Union SA's 3-Year Fixed 40 Year Home Loan Package | 6.69%of 80 institutions | 51st lowest of 80 |
| 5-year fixed home loanOwner occupier, principal & interest, 80% LVR | 6.89% | 6.49%AMB Bank Product's 5 Year Fixed Rate Home Loan | 6.89%of 63 institutions | 32nd lowest of 63 |
Rates
Every rate Defence Bank Limited publishes for this home loan, 5 in all.
Variable and fixed, at 80% LVR
Owner occupier, principal and interest, the lowest rate for each
- 1 yr fixedtypical 6.59%6.74%
- 2 yrs fixedtypical 6.62%6.76%
- 3 yrs fixedtypical 6.69%6.87%
- 4 yrs fixed6.87%
- 5 yrs fixedtypical 6.89%6.89%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedDHOAS Ultimate Package fixed (OO) | Owner occupied, P&I | 1 yr fixed | - | 6.74% | 7.05% | - |
| FixedDHOAS Ultimate Package fixed (OO) | Owner occupied, P&I | 2 yrs fixed | - | 6.76% | 7.03% | - |
| FixedDHOAS Ultimate Package fixed (OO) | Owner occupied, P&I | 3 yrs fixed | - | 6.87% | 7.04% | - |
| FixedDHOAS Ultimate Package fixed (OO) | Owner occupied, P&I | 4 yrs fixed | - | 6.87% | 7.03% | - |
| FixedDHOAS Ultimate Package fixed (OO) | Owner occupied, P&I | 5 yrs fixed | - | 6.89% | 7.03% | - |
Rate changes
5 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 27 Oct 2026 | Fixed, Owner occupied, P&I, 1 yr fixed | 6.39% | 6.74% | up 0.35 |
| 27 Oct 2026 | Fixed, Owner occupied, P&I, 2 yrs fixed | 6.49% | 6.76% | up 0.27 |
| 27 Oct 2026 | Fixed, Owner occupied, P&I, 3 yrs fixed | 6.55% | 6.87% | up 0.32 |
| 27 Oct 2026 | Fixed, Owner occupied, P&I, 4 yrs fixed | 6.55% | 6.87% | up 0.32 |
| 27 Oct 2026 | Fixed, Owner occupied, P&I, 5 yrs fixed | 6.55% | 6.89% | up 0.34 |
Each change is logged the night it appears in the rates Defence Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
5 fees published, grouped by when they're charged.
- When you take it out0.15% of balanceRate lock fee
- While you hold it$96 a yearUltimate Package Annual Fee
- When you close it or pay it offNo fee published
When you take it out1
- Rate lock fee
When you ask us to lock in a fixed, or guaranteed, rate of interest on a home loan. The amount of this fee is 0.15% of the fixed interest rate loan amount.
0.15% of balance
While you hold it1
- Ultimate Package Annual Fee
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.
$96 a year
When particular things happen3
- Arrears reminder notice fee (per letter)
Payable each time we send you a reminder notice relating to arrears on a loan
$20 - Break cost fee
Payable before expiry of any period when interest rate is fixed on any portion of loan due to loan being repaid, interest becoming variable or default. We calculate the ‘break cost’ using the followi…
No fee - Default notice (enforcement notice)
Payable each time we send you a notice relating to default on a loan
$20
Features
- No application or establishment fees.
- No monthly fees.
- DHOAS home loan compatible.
- Split Loan Facility
- Fixed rate option available
- Australia-based Contact Centre
- Home Loan Consultants.
- Australian Government 5% Deposit Scheme
Eligibility and 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
Compare it with others
Put this product through a calculator
Published by Defence Bank under the Consumer Data Right, last changed by them on 14 Oct 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.