Consolidation Loan

As of 18 September 2026, the Defence Bank Consolidation Loan has a comparison rate of 14.93% (from 13.99% advertised), ranking 196th of 212 unsecured loans tracked by BankMate and sitting 2.20 points below the unsecured market average of 17.13%. It is an unsecured variable-rate loan for any purpose with fees of $10 a month. Lenders publish the lowest rate in their range; the rate offered depends on the applicant.

14.93%comparison rate p.a.

from 13.99% advertised · Unsecured · variable · any purpose

Fees: $10/mo.

Go to Defence Bank

Rate over time

Comparison rate · lenders publish the lowest rate in their range

Consolidation Loan
RBA cash rate
Unsecured average

Changes

No changes recorded for this product since tracking began on 12 September 2026.

Rates

Advertised rate: from 13.99% p.a.
Comparison rate: 14.93% p.a.
Rate type: Variable

Fees

Application fee: None
Monthly fee: $10
Annual fee: None
Early repayment fee: None

Loan terms

Extra repayments: Yes
Early payout: Yes
Redraw: No
Flexible repayment frequency: Yes

Eligibility

Residency: Australian residents only

About this product

With no fees for extra repayments or early payouts as well as an easy online application process, our consolidation loan can get you back on track faster.

Compare all personal loans