Defence Bank LimitedUltimate Essential Inv Fixed
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
- extra repayments
Rates
Every rate Defence Bank Limited publishes for this home loan, 5 in all.
Variable and fixed, at 80% LVR
Investment, principal and interest, the lowest rate for each
- 1 yr fixed6.94%
- 2 yrs fixed6.96%
- 3 yrs fixed7.07%
- 4 yrs fixed7.07%
- 5 yrs fixed7.09%
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedUltimate Package fixed (INV) | Investment, P&I | 1 yr fixed | - | 6.94% | 7.20% | - |
| FixedUltimate Package fixed (INV) | Investment, P&I | 2 yrs fixed | - | 6.96% | 7.19% | - |
| FixedUltimate Package fixed (INV) | Investment, P&I | 3 yrs fixed | - | 7.07% | 7.21% | - |
| FixedUltimate Package fixed (INV) | Investment, P&I | 4 yrs fixed | - | 7.07% | 7.20% | - |
| FixedUltimate Package fixed (INV) | Investment, P&I | 5 yrs fixed | - | 7.09% | 7.20% | - |
Rate changes
5 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 27 Oct 2026 | Fixed, Investment, P&I, 1 yr fixed | 6.59% | 6.94% | up 0.35 |
| 27 Oct 2026 | Fixed, Investment, P&I, 2 yrs fixed | 6.69% | 6.96% | up 0.27 |
| 27 Oct 2026 | Fixed, Investment, P&I, 3 yrs fixed | 6.75% | 7.07% | up 0.32 |
| 27 Oct 2026 | Fixed, Investment, P&I, 4 yrs fixed | 6.75% | 7.07% | up 0.32 |
| 27 Oct 2026 | Fixed, Investment, P&I, 5 yrs fixed | 6.75% | 7.09% | 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 reminder notice relating to a default on a loan
$20
Features
- No application or establishment fees.
- No monthly fees.
- Split Loan Facility
- Construction (interest only) available.
- Australia-based Contact Centre
- Home Loan consultants.
Eligibility and limits
- Residency: Australian Residents only
- Available to businesses
- Maximum LVR 95%
- 18
- 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.