Defence Bank Limited
Personal Loan
Saw it, wanted it, got it - we’ll help you get there with a Defence Bank personal loan.
Personal loansBank updated 21 Apr 2026
At a glance
- Variable
- 9.09% · 10.06% comparison
- Monthly fee
- $10
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableChoose a loan term from one to seven years | P&I | — | — | 9.09% | 10.06% | — |
§ 02 — Fees · 6
| 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 |
| Loan Variation Fee | Event | $50 | — | Payable when the loan conditions are varied at the request of the loan holder |
| Processing Fee (Security) | Event | $50 | — | Payable on registration of loan security |
| Registration Fee (Security) | Event | $6 | — | Payable on registration of loan security |
| Personal Loan Service Fee | Periodic | $10 | Every 1 mo | This fee is charged on the last day of each month during the loan term. |
§ 03 — Features
RedrawDigital bankingUnlimited transactions
- · Quick approval process.
- · Choice of 1-7 years.
- · Repayments Weekly, fortnightly, monthly.
- · No exit fee.
- · No early repayment fee.
§ 04 — Eligibility & limits
- · Residency: Australian residents only.
- · Available to individuals
- · 18
- · Individuals must have capacity.
- · Motor Vehicle/Motor Cycle.
- · New/Used.
§ 05 — Compare
§ 06 — Run the numbers
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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.