Ultimate Essential Inv Fixed
The cream of the crop when it comes to our range of home loans on offer.
- From (investment)
- 6.59%
- 6.99% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year Ultimate Package fixed (INV) | 6.59% | 6.99% | — |
| Fixed · 2 years Ultimate Package fixed (INV) | 6.69% | 6.98% | — |
| Fixed · 3 years Ultimate Package fixed (INV) | 6.75% | 6.97% | — |
| Fixed · 4 years Ultimate Package fixed (INV) | 6.75% | 6.96% | — |
| Fixed · 5 years Ultimate Package fixed (INV) | 6.75% | 6.94% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| 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 |
| 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) |
| 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 |
| Default notice (enforcement notice) Payable each time we send you a reminder notice relating to a 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 |
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 Cards
- 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
- Construction (interest only) available.
- 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
Eligibility
- Residency status — Australian Residents only
- Minimum age18
- Business customers — Individuals must have capacityLending criteria
- Purpose — Purchase/Refinance, investment, purchase vacant land, home imrovement.
Constraints
- Maximum LVR — 95%
More Information
Published by Defence Bank under the Consumer Data Right · Last updated 30 March 2026 · Product ID 814 · View on CDR.gov.au