Home loan · Variable
Ultimate Essentials Variable
7.13%comparison rate p.a. · 7.04% advertised · With the Ultimate Package · $96 a year
Variable · P&I · Owner-occupier · ≤95% LVR
89th 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
- Yes
- Redraw
- Yes
- Extra repayments
- Yes
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- None
- Variable · P&I · Owner-occupier · ≤95% LVR
- 7.13% comparison · 7.04% advertised
- Variable · P&I · Investor · ≤95% LVR
- 7.23% comparison · 7.14% advertised
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- None
- Package (Ultimate Package)
- $96 a year
- Redraw fee
- None
- Offset account
- Yes
- Redraw
- Yes
- Extra repayments
- Yes
- Portable
- Yes
- Repayment holiday
- No
- Ultimate Essentials Variable · Variable · P&I · Owner-occupier
- RBA cash rate
- Market average
October 20262 changes
- 27Tue
- Variable investor P&I 6.98 → 7.2327 days after the RBA rise to 4.60%+0.25
- Variable owner-occupier P&I 6.88 → 7.1327 days after the RBA rise to 4.60%+0.25
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 Essential Inv Fixed 7.19% · Ultimate Essentials I/O 7.23%
As of 1 November 2026, the Defence Bank Ultimate Essentials Variable's variable owner-occupier P&I variant has a comparison rate of 7.13% (7.04% advertised), ranking 89th of 93 variable owner-occupier P&I loans and sitting 0.55 points above the market average of 6.58%. The product comes in 2 variants; the other is investor. 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.