Defence Bank Limited
Ultimate Essentials Construction (INV)
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
- Max LVR
- 95%
- Annual fee
- $96
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableConstruction over $750k. (INV) | Investment · Interest only | — | — | 6.84% | 6.93% | — |
| VariableConstruction $250k - $750k. (INV) | Investment · Interest only | — | — | 6.89% | 6.98% | — |
| VariableConstruction under $250k (INV) | Investment · Interest only | — | — | 6.94% | 6.78% | — |
§ 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 a 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 monthly fees.
- · No application or establishment fees.
- · Loan Portability
- · Australia-based Contact Centre
- · Split Loan Facility
§ 04 — Eligibility & limits
- · Residency: Australian residents only.
- · 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.