---
title: "Ultimate Essentials I/O Fixed — Defence Bank"
description: "Home Loans from Defence Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/defence-bank/products/811
source: "CDR Compare"
language: en-AU
last_updated: 2026-05-20T00:00:00.000+10:00
---

# Ultimate Essentials I/O Fixed — Defence Bank

> Home Loans from Defence Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans · Defence Bank Limited**

The cream of the crop when it comes to our range of home loans on offer.

## At a glance

- **From (investment):** 6.69% (7% comparison)

## Apply

Applications are handled by the provider: [Apply at Defence Bank](https://secure.defencebank.com.au/internetlending/public/start.aspx)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Fixed · 1 year (Ultimate Package fixed (INV IO)) | 6.69% | 7% | — |
| Fixed · 2 years (Ultimate Package fixed (INV IO)) | 6.79% | 6.99% | — |
| Fixed · 3 years (Ultimate Package fixed (INV IO)) | 6.85% | 7% | — |
| Fixed · 4 years (Ultimate Package fixed (INV IO)) | 6.85% | 6.99% | — |
| Fixed · 5 years (Ultimate Package fixed (INV IO)) | 6.85% | 6.98% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Default notice (enforcement notice) — When you ask us to lock in a fixed, or guaranteed, rate of interest on a home loan. | Ongoing | $20.00 |
| 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 |
| 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 |
| 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) |

## Features

- **Digital banking** (Quick and easy online application.)
- **Discounts on other products** — 15% discount on selected CGU home, contents and landlord insurance. (Insurance)
- **No application or establishment fees.**
- **No monthly fees.**
- **Split Loan Facility** — Up to two facilities at first draw down or any time during term of loan
- **Fixed or Variable Options** — Loan can be switched between Variable/Fixed interest rates
- **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 Cards)
- **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 status** (Australian Residents only)
- **Minimum age** (18)
- **Lending criteria** — Individuals must have capacity
- **Purpose** — Purchase/Refinance, investment, purchase vacant land, home imrovement.

## Constraints

- **Maximum LVR** — 95%

## More information from Defence Bank

- [Overview](https://www.defencebank.com.au/banking/home-loans/)
- [Terms & conditions](https://www.defencebank.com.au/banking/home-loans/essentials-home-loan---ultimate-package-investor-interest-only/)
- [Eligibility](https://www.defencebank.com.au/banking/home-loans/essentials-home-loan---ultimate-package-investor-interest-only/)
- [Fees & pricing](https://www.defencebank.com.au/banking/home-loans/essentials-home-loan---ultimate-package-investor-interest-only/)

## Data provenance

- Published by Defence Bank under the Consumer Data Right
- Product ID: `811`
- Last updated by the provider: 19 May 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/defence-bank/811
- Provider page: https://www.cdrcompare.au/brands/defence-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000117

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/defence-bank/products/811) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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