Defence Bank is one of the Australian home-loan lenders we track daily. We currently surface 33 active products from Defence Bank, refreshed from authoritative lender sources. The product table below sorts by comparison rate by default, the true-cost metric mandated by the National Consumer Credit Protection Act 2009, so you can see total cost, including standard fees, at a glance.
What are Defence Bank home loan rates?
Defence Bank home loan rates are in the live table on this page, ranked by comparison rate, with the lowest variable rate currently 6.19% p.a. and the lowest fixed rate currently 6.39% p.a., last verified 19 May 2026. Compare Defence Bank against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest Defence Bank home loan rate?
The lowest Defence Bank variable home loan rate Ratesniffers tracks is 6.19% p.a., and the lowest fixed rate is 6.39% p.a. These figures come from the 33 Defence Bank products on this page, ranked by comparison rate, last verified 19 May 2026.
How many home loan products does Defence Bank offer?
Ratesniffers currently tracks 33 Defence Bank home loan products across variable, fixed and interest-only options for owner-occupiers and investors. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
33 Defence Bank home loan products
No active products surfaced. This lender may have paused new lending or recently been removed from our index, check back tomorrow.
Who is Defence Bank?
Defence Bank is a customer-owned bank founded at Victoria Barracks in Melbourne in 1975 as a credit union for the Australian Defence Force. Fifty years on it serves more than 78,000 members with over $4 billion in assets, and remains focused on serving and former ADF members, Defence employees and their families.
Its home lending specialty is Defence-specific needs, including loans that work with the Defence Home Ownership Assistance Scheme (DHOAS) and policies built around postings and deployment.
Who suits a Defence Bank home loan?
Defence Bank tends to suit current and former ADF members and Defence families, especially borrowers using DHOAS entitlements, where a lender that processes the scheme every day removes real friction. Civilian borrowers outside the Defence community should compare the wider market in the table above.
Also shopping the Defence community panel? Compare against Australian Military Bank, another member-owned lender built around DHOAS-linked home lending.
Background facts checked 11 September 2026. Rates above refresh independently.
Defence Bank home loans: frequently asked questions
What are Defence Bank home loan rates?
Defence Bank home loan rates are in the live table on this page. The lowest variable rate Ratesniffers ranks is currently 6.19% p.a., and the lowest fixed rate is 6.39% p.a., last verified 19 May 2026. Compare Defence Bank against the wider market at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments on a Defence Bank balance, use /calculators/extra-repayment.
What is the lowest Defence Bank home loan rate?
Defence Bank's lowest variable home loan rate is currently 6.19% p.a., and its lowest fixed rate is 6.39% p.a., based on the 33 Defence Bank products Ratesniffers ranks by comparison rate, last verified 19 May 2026. The advertised rate isn't always the rate Defence Bank approves, a broker can often negotiate a sharper deal on your scenario.
What is the monthly repayment on a $600,000 Defence Bank home loan?
At Defence Bank's lowest variable rate of 6.19% p.a., a $600,000 principal and interest loan over 30 years repays about $3,671 a month, and $500,000 about $3,059. That is an estimate at the advertised rate before fees; the comparison rate in the table above carries the fees, and a fixed or interest-only loan repays differently.
How much do you need to earn for a $500,000 Defence Bank home loan?
There is no single salary. Like every Australian lender, Defence Bank must assess a new home loan at a rate at least 3 percentage points above the loan's rate under APRA's serviceability buffer, so 6.19% p.a. is assessed at about 9.19% p.a., then test that repayment against income after living expenses and other debts. The income required calculator at /calculators/income-required works this backwards from a property price and deposit.
How does Defence Bank's home loan rate compare to the market?
Defence Bank's lowest variable home loan rate today is 6.19% p.a., which is 5 basis points below the market median of 6.24% p.a., which puts Defence Bank among the more competitive lenders on variable rates today. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where Defence Bank sits right now rather than a fixed snapshot.
How many home loan products does Defence Bank offer?
Ratesniffers currently tracks 33 Defence Bank home loan products across variable, fixed and interest-only options for owner-occupiers and investors. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is Defence Bank competitive for refinancing?
It depends on your loan size and LVR. Defence Bank's lowest comparison rate is currently 6.19% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is about $100 a month, so comparing Defence Bank against the sharpest available rate usually pays off.
How often are Defence Bank's home loan rates updated?
Ratesniffers last verified Defence Bank's home loan rates on 19 May 2026. Rates can change whenever Defence Bank reprices or the RBA moves the cash rate, so always confirm the current rate with the lender before acting.
