Ultimate Essentials DHOAS Fix
The cream of the crop when it comes to our range of home loans on offer.
- From (owner occupied)
- 6.39%
- 6.84% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year DHOAS Ultimate Package fixed (OO) | 6.39% | 6.84% | — |
| Fixed · 2 years DHOAS Ultimate Package fixed (OO) | 6.49% | 6.82% | — |
| Fixed · 3 years DHOAS Ultimate Package fixed (OO) | 6.55% | 6.81% | — |
| Fixed · 4 years DHOAS Ultimate Package fixed (OO) | 6.55% | 6.79% | — |
| Fixed · 5 years DHOAS Ultimate Package fixed (OO) | 6.55% | 6.77% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Rate lock fee When you ask us to lock in a fixed, or guaranteed, rate of interest on a home loan. The amount of this fee is 0.15% of the fixed interest rate loan amount. | Upfront | 0.15% of balance (Upfront) |
| Break cost fee Payable before expiry of any period when interest rate is fixed on any portion of loan due to loan being repaid, interest becoming variable or default. We calculate the ‘break cost’ using the following formula: Let n = the remaining number of months for which the rate is fixed. Let A = current outstandings. Let P = monthly scheduled payments. Let z = annual fixed interest rate payable monthly. Let y = annual reinvestment rate payable monthly. Let b = (1+y/12)n Let d = (1+z/12)n. Then the Break Value is given by: (A/b)*(d-b)+12P/(byz)*(z(b-1)-y(d-1)). | Event | $0.00 |
| Default notice (enforcement notice) Payable each time we send you a notice relating to default on a loan | Event | $20.00 |
| Arrears reminder notice fee (per letter) Payable each time we send you a reminder notice relating to arrears on a loan | Event | $20.00 |
| Ultimate Package Annual Fee Charged yearly · 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. |
Features
- Discounts on other products — No annual fee on our low rate credit card. - $22.50 donation to the Defence Bank Foundation still applies
- Credit Card
- No application or establishment fees.
- No monthly fees.
- DHOAS home loan compatible. — To be eligible, you must meet Defence Home Ownership Assistance Scheme conditions.
- Split Loan Facility — Up to two facilities at first draw down or any time during term of loan
- Fixed rate option available — "Loan can be switched between Variable/Fixed interest rates Interest rate can be fixed for 1,2,3,4 or 5 years Break costs may apply if paid out during fixed interest period"
- Australia-based Contact Centre — Australia-based Contact Centre team who understand the unique challenges and opportunities of being in the defence community
Eligibility
- Residency statusAustralian residents only.
- Minimum age18
- Lending criteria. — Individuals must have capacity.
- Purpose — "Purchase/Refinance Owner Occupied Home Improvements"
- Employment statusTo be eligible, you must meet Defence Home Ownership Assistance Scheme conditions.
Constraints
- Maximum LVR — 95%
More Information
Published by Defence Bank under the Consumer Data Right · Last updated 19 May 2026 · Product ID 806 · View on CDR.gov.au · View Source Data (JSON)