Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .

Founded in 1975 as the Defence Force Credit Union, Defence Bank has been helping Australian Defence Force members for more than 40 years. Over that time they've grown to become one of the country's largest member-owned banks, currently counting more than 90,000 customers and $1.5 billion in assets.

While the bank is most well known for their work with employees of the Australian Defence Force and their families, membership is open to every Australian.

Because Defence Bank isn’t driven by shareholders, they are able to re-invest the profits back into the bank. This is emphasised in their core values: Integrity, Member Focus, Teamwork, Community, Attitude and Effort, Innovation and Improvement.

In 2014 and 2015 Defence Bank won Money Magazine’s ‘Best of the Best Award’ for it’s car loan and was a finalist in the 2013 Australian Lending Awards.

With over 40 branches across Australia and one of the country's largest ATM networks, Defence has a broad presence across the country.

A membership is suggested if you are interested in defence bank home loans – although you can apply without one.

In order to become a member you can apply in person at your local branch or mail in an application.

If you are interested in Defence Bank Home Loans, you will need to be able to provide the following information:

  • You will need to be at least 18 years of age
  • Proof of Identification: Enough to pass the 100 point check, which can include your passport, birth certificate, etc. You will need at least one photographic ID and one other form of ID in most cases.
  • You will need to be able to provide evidence of your financial details when you apply, so make sure you hang on to your tax returns, pay slips, and other financial details.
  • A list of your income against your expenses, which will show the lender a more complete view of your current financial situation as far as incoming and outgoing cash flow is concerned.
  • A list of assets and debts - assets include things like existing properties and investments as well as savings, while debts are any open lines of credit or other loans, etc.
  • Details about the property you're planning to buy, such as the price of the property and how much you are looking to borrow.