Defence Bank LimitedConsolidation Loan
With no fees for extra repayments or early payouts as well as an easy online application process, our consolidation loan can get you back on track faster.
At a glance
- Variable
- 13.99%14.93% 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 | 13.99% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 66th lowest of 68 |
| Variable personal loanMoves with the lender's rates | 13.99% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | 42nd 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 | - | - | 13.99% | 14.93% | - |
Fees
4 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 happen3
- Loan Application Fee
Payable on application approval
$150 - Processing Fee (Security)
Payable on settlement
$50 - Registration Fee (Security)
Payable on settlement
$6
Features
- Can make extra repayments.
- 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.
- New/Used.
- Motor Vehicle/Motor Cycle.
- Security may be required.
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Published by Defence Bank under the Consumer Data Right, last changed by them on 16 Mar 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.