Defence Bank LimitedPersonal Loan
Saw it, wanted it, got it - we’ll help you get there with a Defence Bank personal loan.
At a glance
- Variable
- 9.09%10.06% comparison
- Monthly fee
- $10
How it compares
This personal 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 personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 9.09% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 47th lowest of 68 |
| Variable personal loanMoves with the lender's rates | 9.09% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | 28th lowest of 45 |
Rates
The one rate Defence Bank Limited publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableChoose a loan term from one to seven years | P&I | - | - | 9.09% | 10.06% | - |
Fees
6 fees published, grouped by when they're charged.
While you hold it1
- Personal Loan Service Fee
This fee is charged on the last day of each month during the loan term.
$10 a month
When particular things happen5
- 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 - Loan Variation Fee
Payable when the loan conditions are varied at the request of the loan holder
$50 - Processing Fee (Security)
Payable on registration of loan security
$50 - Registration Fee (Security)
Payable on registration of loan security
$6
Features
- Quick approval process.
- Choice of 1-7 years.
- Repayments Weekly, fortnightly, monthly.
- No exit fee.
- No early repayment fee.
Eligibility and limits
- Residency: Australian residents only.
- Available to individuals
- 18
- Individuals must have capacity.
- Motor Vehicle/Motor Cycle.
- New/Used.
Compare it with others
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Published by Defence Bank under the Consumer Data Right, last changed by them on 21 Apr 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.