Defence Bank is a customer-owned (mutual) lender. It offers home loans.
On APRA’s August 2026 figures, Defence Bank Limited held $3.9 billion of home loans on its Australian books: 0.2% of the housing lending by the deposit-taking institutions APRA reports, the 23rd largest of the 64 with home loans.
What Defence Bank offers in each category, with the features, eligibility and trade-offs we note. Where we captured a current rate from Defence Bank’s own page in the last 60 days, it is shown with its comparison rate and a link to the source; for the other products, follow the link to Defence Bank’s rate card.
*Comparison rates are calculated on the lender's own example: for home loans usually $150,000 over 25 years, for car and personal loans usually $30,000 over five 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.
Other lenders in our directory that offer home loans, starting with other customer-owned lenders.
Who they suit, who should look elsewhere, and the verdict.
Yes. Defence Bank’s loans are provided by Defence Bank Limited, which is on APRA’s register of authorised deposit-taking institutions (ADIs), the list of banks, building societies and credit unions licensed under the Banking Act 1959.
Defence Bank Limited holds Australian Credit Licence 234582. You can check a licence on ASIC’s Professional Registers before you apply.