Ultimate Essentials Variable
The cream of the crop when it comes to our range of home loans on offer.
- From (owner occupied)
- 6.74%
- 6.84% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Ultimate Variable rate for loans over $750k. | 6.74% | 6.84% | — |
| Variable Ultimate Variable rate for loans $250k - $750k. | 6.79% | 6.88% | — |
| Variable Ultimate Variable rate & loans under $250k. | 6.84% | 6.93% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| 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. | Ongoing | $96.00 |
Features
- Australia-based Contact Centre — Australia-based Contact Centre team who understand the unique challenges and opportunities of being in the defence community
- Home Loan Consultants — Speak with a home loan consultant today to discuss your options
- Extra repayments
- No fees for extra repayments.
- 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
- Discounts on other products — No application fee on personal loans.
- Personal Loans
- Bonus rewards — 0.15% p.a. bonus rate on term deposits.
- Term Deposits
Eligibility
- Residency statusAustralian residents only.
- Minimum age18
- Lending criteria. — Individuals must have capacity.
- Purpose. — Purchase/refinance owner occupied home improvements any worthwhile purpose.
Constraints
- Maximum LVR — 95%
More Information
Published by Defence Bank under the Consumer Data Right · Last updated 19 May 2026 · Product ID 808 · View on CDR.gov.au