Home loan · Variable
Ultimate Essentials I/O
7.23%comparison rate p.a. · 7.14% advertised · With the Ultimate Package · $96 a year
Variable · Interest Only · Investor · ≤95% LVR
59th of 72 variable investor interest-only 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
- Yes
- Redraw
- No
- Extra repayments
- Yes
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- None
- Variable · Interest Only · Investor · ≤95% LVR
- 7.23% comparison · 7.14% advertised
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- None
- Package (Ultimate Package)
- $96 a year
- Offset account
- Yes
- Redraw
- No
- Extra repayments
- Yes
- Portable
- Yes
- Repayment holiday
- No
- Ultimate Essentials I/O · Variable · Interest Only · Investor
- RBA cash rate
October 20261 change
- 27Tue
- Variable investor interest-only 7.02 → 7.2327 days after the RBA rise to 4.60%+0.21
The cream of the crop when it comes to our range of home loans on offer.
Also from Defence Bank: Premier Low Rate 6.74% · Premier Home Loan 6.84% · Ultimate Essentials Fixed 7.06% · Ultimate Essentials Variable 7.13% · Ultimate Essential Inv Fixed 7.19%
As of 2 November 2026, the Defence Bank Ultimate Essentials I/O's variable investor interest-only variant has a comparison rate of 7.23% (7.14% advertised), ranking 59th of 72 variable investor interest-only loans. 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.