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Police Bank Goldrate Home Loan (Fixed)

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 60%

The details shown below are for an owner occupier taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 60%

The details shown below are for an investor taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest, Interest Only)

    LVR < 60%

    Loan: $50,000

  • Owner Occupier (Principal & Interest, Interest Only)

    LVR < 90%

    Loan: $50,000

  • Owner Occupier (Principal & Interest, Interest Only)

    LVR 90%-95%

    Loan: $50,000

  • Investor (Principal & Interest, Interest Only)

    LVR < 60%

    Loan: $50,000

  • Investor (Principal & Interest, Interest Only)

    LVR 60%-80%

    Loan: $50,000

  • Investor (Principal & Interest, Interest Only)

    LVR 80%-90%

    Loan: $50,000

Fixed 3 year rate
4.79% p.a.
Comparison Rate
4.12% p.a.
Service fee
$0.00
Upfront fee
$995
Fixed 3 year rate
4.79% p.a.
Comparison Rate
4.20% p.a.
Service fee
$0.00
Upfront fee
$995
Fixed 3 year rate
4.79% p.a.
Comparison Rate
4.49% p.a.
Service fee
$0.00
Upfront fee
$995
Fixed 3 year rate
4.89% p.a.
Comparison Rate
4.30% p.a.
Service fee
$0.00
Upfront fee
$995
Fixed 3 year rate
4.89% p.a.
Comparison Rate
4.37% p.a.
Service fee
$0.00
Upfront fee
$995
Fixed 3 year rate
4.89% p.a.
Comparison Rate
4.52% p.a.
Service fee
$0.00
Upfront fee
$995

Mozo editorial review Police Bank Goldrate Home Loan (Fixed) - last updated: 10 August 2022

binocular icon
What's hot
  • 4.79% p.a. 3-year fixed rate (4.12% p.a. comparison rate*) for <60% LVR
  • Free extra repayments (up to $5,000)
  • Up to $2000 cashback (conditions apply)
What's not
  • $545 application fee
Mozo snapshot

Love low rates? Police Bank’s Goldrate Home Loan (Fixed) not only offers one, but four, competitive interest rates across all it’s fixed terms. Rates start at a low 4.79% p.a. (4.12% p.a. comparison rate*) on its three year fixed term for borrowers with LVRs up to 60%, plus this loan has no ongoing monthly fee and comes with bonus features like free extra repayments (up to $5,000) and a redraw facility if you need those additional repayments later down the track.

key icon
Key features

The Goldrate Home Loan (Fixed) offered by Police Bank ticks more than just one box. Check out these 1, 2, 3 and 5 year fixed rates for borrowers with an LVR of 60-90%: 

  • 1 year fixed rate: 4.29% (4.00% comparison rate*) 

  • 2 year fixed rate: 4.84% (4.13% comparison rate*) 

  • 3 year fixed rate: 4.79% (4.20% comparison rate*) 

  • 5 year fixed rate: 5.64% (4.69% comparison rate*) 

And what about when your fixed term is up? Your rate will then revert to a low 4.09% variable rate!

Owner occupiers with LVRs up to 60% - either a 40% deposit or 40% in home equity - could snag even lower fixed rates, starting from 4.79% (4.04% comparison rate*) for two year terms. 

Plus, investor fixed rates start at 4.39% (4.10% comparison rate*) on its one year fixed term for borrowers with a maximum LVR of 80%. 

If you look for flexibility when it comes to mortgage repayments, then Police Bank’s Goldrate Home Loan (Fixed) might just be for you. With this loan you have the choice of a weekly, fortnightly or monthly repayment schedule, plus, you can make extra repayments up to $5,000 and make use of a redraw facility if you need to. 


snapshot
Who is it good for

This loan could be a good option for a borrower looking to lock in a competitive rate as well as have access to flexible repayment options. 

question icon
Any catches

There are no ongoing fees attached to this loan, however there are some cheeky one-offs to keep your eye on - such as the $545 application fee, $450 legal fee and $294 discharge fee.

Details

Rates and fees information correct as at 14 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

4.29% (3.91%*)

4.79% (4.04%*)

4.79% (4.12%*)

n/a

5.59% (4.61%*)

n/a

n/a

3.79% p.a.

Fees

$545.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

none

60.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000

no

yes - free

none

no

no

none

$600 fixed rate lock fee available.

$1,500 cashback for loans $300k > $499,999, $3,000 cash back for loans from $500k > $749,999 and $4,000 for larger loans. for Loans must be approved by 30/9/22 and settled within 90 days. $545 Establishment fee waived for Owner Occupier loans > $250k.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 14 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

4.29% (4.00%*)

4.84% (4.13%*)

4.79% (4.20%*)

n/a

5.64% (4.69%*)

n/a

n/a

3.89% p.a.

Fees

$545.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

none

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000

no

yes - free

none

no

no

none

$600 fixed rate lock fee available.

$1,500 cashback for loans $300k > $499,999, $3,000 cash back for loans from $500k > $749,999 and $4,000 for larger loans. for Loans must be approved by 30/9/22 and settled within 90 days. $545 Establishment fee waived for Owner Occupier loans > $250k.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 14 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

4.29% (4.36%*)

4.89% (4.47%*)

4.79% (4.49%*)

n/a

5.69% (4.95%*)

n/a

n/a

4.29% p.a.

Fees

$545.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

90.00%

95.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000

no

yes - free

none

no

no

none

$600 fixed rate lock fee available.

$1,500 cashback for loans $300k > $499,999, $3,000 cash back for loans from $500k > $749,999 and $4,000 for larger loans. for Loans must be approved by 30/9/22 and settled within 90 days. $545 Establishment fee waived for Owner Occupier loans > $250k.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 14 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

4.39% (4.10%*)

4.89% (4.22%*)

4.89% (4.30%*)

n/a

5.69% (4.78%*)

n/a

n/a

3.99% p.a.

Fees

$545.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

none

60.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000

no

yes - free

none

yes

no

none

$600 fixed rate lock fee available.

$1,500 cashback for loans $300k > $499,999, $3,000 cash back for loans from $500k > $749,999 and $4,000 for larger loans. for Loans must be approved by 30/9/22 and settled within 90 days. $545 Establishment fee waived for Owner Occupier loans > $250k.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 14 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

4.39% (4.19%*)

4.89% (4.31%*)

4.89% (4.37%*)

n/a

5.74% (4.86%*)

n/a

n/a

4.09% p.a.

Fees

$545.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

60.00%

80.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000

no

yes - free

none

yes

no

none

$600 fixed rate lock fee available.

$1,500 cashback for loans $300k > $499,999, $3,000 cash back for loans from $500k > $749,999 and $4,000 for larger loans. for Loans must be approved by 30/9/22 and settled within 90 days. $545 Establishment fee waived for Owner Occupier loans > $250k.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 14 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

n/a

n/a

n/a

n/a

4.39% (4.37%*)

4.89% (4.47%*)

4.89% (4.52%*)

n/a

5.79% (5.00%*)

n/a

n/a

4.29% p.a.

Fees

$545.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

80.00%

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $5,000

no

yes - free

none

yes

no

none

$600 fixed rate lock fee available.

$1,500 cashback for loans $300k > $499,999, $3,000 cash back for loans from $500k > $749,999 and $4,000 for larger loans. for Loans must be approved by 30/9/22 and settled within 90 days. $545 Establishment fee waived for Owner Occupier loans > $250k.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

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About Police Bank

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.