Defence Service Home Loans
The Defence Service Home Loan is available to eligible
veterans, war widows and widowers.
Persons whose first service in the Defence force began on or
after 15 May 1985 are not eligible for a DSH loan unless they
were allocated for service in Namibia. Housing loan
assistance for persons whose first service began on or after 15
May 1985 is provided through the Defence Housing Authority
(DHA). DHA can be contacted on 1800 802 763 or visit their
web site at www.dha.gov.au.
The maximum amount you can borrow for your first loan is
$25,000 but the actual amount you can obtain depends on various
factors, including the ability to meet instalments and other
Interest is capped at 6.85% pa, but is variable each month at
a rate 1.5% below the average market rate while the average
market rate is below 8.35% pa. WESTPAC Banking Corporation
(Bank of Melbourne in Victoria and Challenge Bank in Western
Australia) is contracted to provide the subsidised housing loans.
For further information on the Defence Service Home Loan,
including eligibility, contact your nearest DVA office or visit
their web site at www.dva.gov.au
and look up fact sheet HAC
The Vietnam Veterans Association of Australia can assist any
veteran of any conflict, their widow/er's and
children by providing advice and assistance in regard to all
pensions matters. Simply contact your nearest sub-branch.