Home loan · Variable
Premier Low Rate
6.74%comparison rate p.a. · 6.74% advertised
Variable · P&I · Owner-occupier · 70–95% LVR
74th of 93 variable owner-occupier P&I loans
Comparison rates are based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
- Offset account
- No
- Redraw
- Yes
- Extra repayments
- Yes
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- $250
- Variable · P&I · Owner-occupier · ≤70% LVR
- 6.49% comparison · 6.49% advertised
- Variable · P&I · Owner-occupier · 70–95% LVR
- 6.74% comparison · 6.74% advertised
- Variable · P&I · Investor · ≤70% LVR
- 6.59% comparison · 6.59% advertised
- Variable · P&I · Investor · 70–95% LVR
- 6.84% comparison · 6.84% advertised
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- $250
- Redraw fee
- None
- Offset account
- No
- Redraw
- Yes
- Extra repayments
- Yes
- Portable
- No
- Repayment holiday
- No
- Premier Low Rate · Variable · P&I · Owner-occupier
- RBA cash rate
- Market average
October 20262 changes
- 27Tue
- 2 variants up 0.2527 days after the RBA rise to 4.60%+0.25All Variable · P&I · Investor
≤70% LVR 6.34 6.59 +0.25 70–95% LVR 6.59 6.84 +0.25 - 2 variants up 0.2527 days after the RBA rise to 4.60%+0.25All Variable · P&I · Owner-occupier
≤70% LVR 6.24 6.49 +0.25 70–95% LVR 6.49 6.74 +0.25
The Premier low rate home loan is a fuss-free approach to being handed the keys of your new home. Plus you have the freedom of unlimited redraws, and no monthly, annual, extra repayments or application fees.
Also from Defence Bank: Premier Home Loan 6.84% · Ultimate Essentials Fixed 7.06% · Ultimate Essentials Variable 7.13% · Ultimate Essential Inv Fixed 7.19% · Ultimate Essentials I/O 7.23%
As of 2 November 2026, the Defence Bank Premier Low Rate's variable owner-occupier P&I variant has a comparison rate of 6.74% (6.74% advertised), ranking 74th of 93 variable owner-occupier P&I loans and sitting 0.16 points above the market average of 6.58%. The product comes in 4 variants; the others are investor and other LVR bands. Its rate last moved on 27 October 2026, 27 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.