Defence Bank LimitedUltimate Essentials I/O Con
The cream of the crop when it comes to our range of home loans on offer.
At a glance
- Max LVR
- 95%
- Annual fee
- $96
- Features
- offset, extra repayments
Rates
Every rate Defence Bank Limited publishes for this home loan, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest-only construction $250k - $750k. | Owner occupied, Interest only | - | - | 7.04% | 7.13% | - |
| VariableInterest-only construction greater than $750k. | Owner occupied, Interest only | - | - | 7.04% | 7.13% | - |
| VariableInterest-only construction under $250k. | Owner occupied, Interest only | - | - | 7.04% | 7.13% | - |
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 notice relating to default on a loan
$20
Features
- No application or establishment fees.
- No monthly fees.
- Loan Portability
- Split Loan Facility
- Construction (interest only) available.
- Australia-based Contact Centre
- Home Loan Consultants
- Australian Government 5% Deposit Scheme
Eligibility and limits
- Employment: Australian Residents only
- Maximum LVR 95%
- 18
- Lending criteria
- Purpose
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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.