Ultimate Essentials I/O Fixed
Offered by Defence Bank
External provider application
Key Product Facts
Variable rate
N/A
Fixed rate
6.85%
Comparison rate
6.98%
Product overview
Is this product competitive?
There is no single rate or fee that determines whether a financial product is suitable or competitive for everyone. Consider the advertised rate, comparison rate, fees, term, product purpose and eligibility requirements together.
Advertised rate
N/A
Comparison rate
6.98%
Key product details
- Category
- Home Loans
- Subcategory
- Home Loan
- Purpose
- INVESTMENT
- Repayment type
- INTEREST_ONLY
Terms and conditions
- Minimum term
- 5 years
- Maximum term
- 5 years
- Interest-free period
- Not specified
Potential advantages
- A comparison rate is available, providing another figure to consider alongside the advertised rate.
- The product is classified as a Home Loan.
- A maximum term of 5 years is available in the product data.
Things to consider
- The advertised rate and comparison rate are different measures and should be considered together.
- The provider's eligibility criteria, fees and conditions may affect the actual cost available to you.
- The information displayed by BudgetWise is based on product data supplied through the available CDR data and may change.
- An annual fee was not identified in the available product data, so the provider's current fee schedule should be checked.
- Consider whether the available term matches your intended borrowing or saving period.
Who this product may suit
The available CDR product information describes this product's purpose as INVESTMENT. It may therefore be relevant to people looking for a home loan for that purpose.
Whether it is suitable for you depends on your financial circumstances, borrowing or saving requirements, eligibility and the provider's current terms.
Important eligibility requirements
The current FinancialProductDetail data does not expose a complete set of provider eligibility rules such as minimum income, employment requirements, residency requirements, credit criteria or documentation requirements.
Fees and charges
Annual fee
Not identified
Other fees
See provider fee schedule
The annual fee shown above comes from the product data available to BudgetWise. A missing annual fee does not mean that the product has no other fees or charges.
How it compares with similar home loans
You can compare this product with other products in the same category using the BudgetWise comparison page. Useful factors include the advertised rate, comparison rate, annual and other fees, available terms, product purpose and eligibility requirements.
Compare Home LoansImportant information
- Product information can change and should be checked against the provider's current terms before applying.
- Rates, fees and eligibility may vary depending on the applicant and product circumstances.
- A comparison rate is intended to help compare the cost of credit, but it does not necessarily represent the rate you will receive.
- The repayment example, where shown, is an illustration and is not a quote or approval.
- BudgetWise may receive compensation when users apply through participating provider links. Sponsored or affiliate relationships do not change the underlying CDR product data displayed here.
Frequently asked questions
What is the rate for Ultimate Essentials I/O Fixed?+
A primary advertised rate is not currently available in the product data.
What is the comparison rate for Ultimate Essentials I/O Fixed?+
The comparison rate currently supplied for this product is 6.98%.
Does Ultimate Essentials I/O Fixed have an annual fee?+
An annual fee was not identified in the available product data. Check the provider's current fee information before applying.
What is the term for Ultimate Essentials I/O Fixed?+
The available product data indicates a term range from 5 years to 5 years.
Who may this product suit?+
The product data describes its purpose as INVESTMENT. Suitability depends on your circumstances, eligibility and the provider's current terms.
Product information is sourced from available Consumer Data Right (CDR) product data and processed by BudgetWise. Product information, rates, fees and conditions may change.
Product ID: 811