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Defence Bank - Debt Consolidation Loan

Secured | Variable

The Defence Bank Debt Consolidation Loan offers an advertised interest rate from 13.99% p.a. and a comparison interest rate from 14.93% p.a.. The Defence Bank Debt Consolidation Loan is a Variable rate, Secured loan with a borrowing range of between $1,000 and $100,000 and a loan repayment term of between 1 and 7 years.

More Defence Bank Debt Consolidation Loan details can be found below or visit Defence Bank to learn more or apply.

Compare Personal LoansProduct Image For Defence Bank - Debt Consolidation Loan - Secured | Variable
A Secured loan with an advertised rate of 13.99% p.a. and comparison rate of 14.93% p.a.
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Advertised Rate

13.99% p.a. Variable

Comparison Rate

14.93% p.a.

Loan Term

1 to 7 years

Borrowing Range

$1,000 to $100,000
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Interest

Rate Type
Variable
Advertised Rate
13.99% p.a.
Variable
Comparison Rate
14.93% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily

Loan Security

Loan Security
Secured

Loan Terms

Loan Term
1 to 7
years
Borrowing Range
$1,000 to $100,000
Repayment
Monthly, Weekly, Fortnightly

Features

Extra Repayments Allowed
Yes

Fees

Establishment Fee
$150
one off
Loan Service Fee
$10
per month
Early Repayment Fee
$0
per event
Late Payment Fee
$20
per event

Who is the product designed for?

This product is designed for members who:

  • Are seeking to streamline repayments by consolidating two or more debts (not including an existing Defence Bank debts), currently held with other financial institutions
  • Are aged 18 years or more and meet the credit assessment criteria for a personal loan
  • Need the flexibility to make additional repayments

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