Personal Loan
Saw it, wanted it, got it - we’ll help you get there with a Defence Bank personal loan.
- From
- 9.09%
- 10.06% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Choose a loan term from one to seven years | 9.09% | 10.06% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Arrears reminder notice fee (per letter) Payable each time we send you a reminder notice relating to arrears on a loan | Event | $20.00 |
| Loan Variation Fee Payable when the loan conditions are varied at the request of the loan holder | Event | $50.00 |
| Processing Fee (Security) Payable on registration of loan security | Event | $50.00 |
| Registration Fee (Security) Payable on registration of loan security | Event | $6.00 |
| Personal Loan Service Fee Charged monthly · This fee is charged on the last day of each month during the loan term. | Ongoing | $10.00 |
| Default notice (enforcement notice) Payable each time we send you a reminder notice relating to a default on a loan | Event | $20.00 |
Features
- Quick approval process.
- Choice of 1-7 years. — Term
- Repayments Weekly, fortnightly, monthly. — Repayment frequency
- No exit fee.
- No early repayment fee. — Early repayments.
- Unlimited transactions — Additional repayments.
- Can make extra repayments.
- Redraw facility
- Free redraw.
- Digital banking
- Quick and easy online application.
Eligibility
- Residency statusAustralian residents only.
- Minimum age18
- Individuals onlyNot available for non personal borrowers.
- Individuals must have capacity.
- Motor Vehicle/Motor Cycle. — Security.
- New/Used. — Purpose.
Constraints
- Minimum limit — $1,000.00
More Information
Published by Defence Bank under the Consumer Data Right · Last updated 20 April 2026 · Product ID 375 · View on CDR.gov.au