Defence Bank - Debt Consolidation Loan
Secured | Variable
The Debt Consolidation Loan from Defence Bank offers a borrowing range of between $1,000 and $100,000 as well as advertised interest rates from 13.99% p.a.. This loan has establishment fees starting from $150. The Debt Consolidation Loan is a Variable rate, Secured loan with comparison rates from 14.93% p.a.. It also has repayment terms 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.
A loan with a loan type of Secured with an advertised rate of 13.99% p.a. and comparison rate of 14.93% p.a.
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
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
Fortnightly, Weekly, Monthly
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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