Defence Bank LimitedUltimate Essentials DHOAS Construction (OO)
The cream of the crop when it comes to our range of home loans on offer.
At a glance
- Variable (owner occ. P&I)
- 6.99%7.08% comparison
- Max LVR
- 95%
- Annual fee
- $96
- Features
- offset, 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 |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.99% | 5.93%SCCU's BROKER HOME LOAN | 6.38%of 104 institutions | 91st lowest of 104, level with one other |
Rates
Every rate Defence Bank Limited publishes for this home loan, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableDHOAS Construction $250k - $750k. (OO) | Owner occupied, P&I | - | - | 6.99% | 7.08% | - |
| VariableDHOAS Construction over $750k. (OO) | Owner occupied, P&I | - | - | 6.99% | 7.08% | - |
| VariableDHOAS Construction under $250k (OO) | Owner occupied, P&I | - | - | 6.99% | 7.08% | - |
Fees
3 fees published, grouped by when they're charged.
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 happen2
- Arrears reminder notice fee (per letter)
Payable each time we send you a reminder notice relating to arrears on a loan
$20 - Default notice (enforcement notice)
Payable each time we send you a reminder notice relating to a default on a loan
$20
Features
- No application or establishment fees.
- No monthly fees.
- Loan Portability
- Australia-based Contact Centre
- DHOAS home loan compatible.
- Split loan facility
- Australian Government 5% Deposit Scheme
Eligibility and limits
- Residency: Australian residents only.
- Employment: You must meet Defence Home Ownership Assistance Scheme eligibility criteria.
- Maximum LVR 95%
- 18
- Lending criteria.
- Maximum of 2 Borrowers
- 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.