DHOAS Home Loans by the bank that understands your needs.

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1 DHOAS HOME LOANS Our dedicated Home Loan Consultants will help find the right loan for you , 8am to 8pm AEST weekdays defencebank.com.au Visit your local Defence Bank branch DHOAS Home Loans by the bank that understands your needs. For enquiries about your DHOAS eligibility and entitlement, please contact the Department of Veterans Affairs on Terms, conditions, fees and charges apply and are available on request. Approval subject to satisfaction of Defence Bank lending criteria. DHOAS eligibility criteria also apply. For current interest rates, log onto defencebank.com.au Defence Bank Limited ABN AFSL/Australian Credit Licence PO Box Melbourne VIC 8001 B035 (06/12)

2 We re here to help you Defence Bank is one of a select number of financial institutions able to offer DHOAS home loans a product available exclusively to eligible members of the Australian Defence Force (ADF). We understand DHOAS Home Loans and the needs of ADF members. We ve worked with ADF members for over 35 years, that s why we can offer a comprehensive range of DHOAS Home Loan products tailored to suit. We re your bank on base with a specialised DHOAS Home Loan service. With our dedicated Home Loan Consultants you can be confident that Defence Bank can help you find the right DHOAS Home Loan. DHOAS explained The Defence Home Ownership Assistance Scheme (DHOAS) provides subsidy assistance to eligible ADF members for the purpose of purchasing, building or renovating a home. For detailed information regarding your eligibility and entitlement, log onto DHOAS explained Contents 3 DHOAS explained 4 Which loan s right for you? 6 What s your subsidy? 8 How to apply

3 Which loan s right for you? Defence Bank offers a range of loans you can choose from to take advantage of the DHOAS subsidy. DHOAS Saver Loan A fully featured loan with a competitive low rate for the life of the loan. DHOAS Advantage Loan The DHOAS Advantage Loan can help you purchase or re-finance new and existing homes. We offer a comprehensive range of DHOAS Home Loan products to suit all ADF members needs. Speak with your own dedicated Defence Bank Home Loan Consultant, who will help you find the right loan. Which loan s right for you? DHOAS Construction Advantage Loan If you re building your dream home, a DHOAS Construction Advantage Loan might suit you. DHOAS Home Loan range FEATURE DHOAS SAVER LOAN DHOAS ADVANTAGE DHOAS CONSTRUCTION ADVANTAGE Maximum loan to value ratio 95% (for loans <$750) 95% (for loans <$750) 95% (for loans <$750) Annual fee No No No Monthly fee No No No Redraw Yes (unlimited free redraw, min $100, variable rate loans) Yes (unlimited free redraw, min $100, variable rate loans) Yes (minimum of $100 after the interest only period has expired) 100% Mortgage offset Yes No No Interest only No No Yes (construction phase only) Loan portability Yes Yes Yes Maximum term (years) Additional payments allowed Yes Yes Yes (after the interest only period has expired)

4 What s your subsidy? The amount of subsidy you receive depends on your ADF service and how much you borrow. The length of time subsidy is paid to you depends on service credits you have accrued under the Scheme. The breakdown The Scheme provides three tiers of subsidy assistance that are determined by service milestones as outlined in the table to the right. The maximum subsidised loan limits under each subsidy tier are reviewed annually in line with changes in the housing market. How much subsidy will you receive? The amount of subsidy assistance you receive each month will depend on the amount you borrow up to the subsidised loan limit. (For up-to-date maximum monthly subsidies log onto Your tier eligibility Whichever tier you are eligible for, you will receive the maximum monthly subsidy if your DHOAS Home Loan is equal to or greater than the subsidised loan limit for your tier level. However, it s important to remember that the monthly subsidy payment will change in line with movements in variable interest rates. The tiers of your loan subsidy TIER MINIMUM YEARS OF SERVICE REQUIRED FOR ELIGIBILITY PERMANENT ADF RESERVE FORCE MEMBERS MAXIMUM SUBSIDISED LOAN LIMIT $193, $290, $386,752 Subsidised loan limits current for For up-to-date figures on subsidies, log onto What s your subsidy?

5 How to apply You will need to apply separately for your DHOAS subsidy certificate and DHOAS Home Loan. Just follow these simple steps. Cut years off the life of your loan You may want the subsidy to help pay off your home loan sooner by making additional payments on your home loan. How to apply 1. Fill out an application for a DHOAS Subsidy Certificate. The form is available online at or call to request a copy. 2. Send your completed application to: DHOAS, Department of Veterans Affairs, GPO Box 9998, Brisbane, Qld If DVA determines that you are eligible for the loan subsidy, DVA will send you a letter confirming your eligibility and entitlement to the DHOAS, and issue you with a Subsidy Certificate. 4. Visit your nearest Defence Bank branch or call us on to meet with a dedicated Home Loan Consultant who can help you find the right DHOAS Home Loan. Remember to bring along your Subsidy Certificate. 5. Your Defence Bank specialist Home Loan Consultant will quickly get back to you with a pre-approval decision. The fact is, the earlier you make additional payments on a home loan, the more it can reduce both the term and the amount of interest you pay over the life of the loan. This could save you thousands of dollars and cut years off the life of your loan. 6. Once your loan has settled, fill out the Subsidy Authorisation Request form and forward it to DVA. The form is available online at 7. DVA will determine your monthly loan subsidy at the time your loan is drawn down and send you a letter confirming your entitlement, including the date your subsidy commences and the subsidy amount. DVA will pay the subsidy directly into your DHOAS home loan account on the first business day of each month.

6 Notes The Defence Bank Difference > We re your bank located on base > We specialise in DHOAS Home Loans > We have dedicated Home Loan Consultants that offer personalised service & can come to you > We re a stand alone bank that s owned by our members not shareholders. To talk to your Defence Bank Home Loan Consultant contact us on or defencebank.com.au