The details shown below are for an owner occupier taking out a principal & interest loan of at least $50,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $50,000 with an LVR below 80%
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 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $50,000 | |
| | Owner Occupier | Principal & Interest | < 80% | $50,000 | |
| | Owner Occupier | Principal & Interest, Interest Only | < 95% | $50,000 | |
| | Investor | Principal & Interest, Interest Only | < 90% | $50,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $50,000
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $50,000
Owner Occupier (Principal & Interest, Interest Only)
LVR < 95%
Loan: $50,000
Investor (Principal & Interest, Interest Only)
LVR < 90%
Loan: $50,000
If you’re a girl or boy in blue, then do we have the home loan for you! The Police Bank Goldrate Home Loan offers competitive variable interest rates starting at 2.79% p.a. (2.87% p.a. comparison rate*) on loans of a minimum of $50,000, allowing owner occupiers to borrow up to 95% of the property. The Police Bank rewards its hard-working members with amazing products, and with free extra repayments and a free loan redraw facility the Police Bank Goldrate Home Loan is no exception.
If you’re a hardworking member of the Australian police force looking to buy a new home, then we’ve got just what you need to get the ball rolling! The Police Bank Goldrate Home Loan offers competitive variable interest rates starting at 2.79% p.a. (2.87% p.a. comparison rate*), with a minimum loan amount of $50,000 and no maximum loan amount.
And for a limited time Police Bank are offering borrowers a special variable rate of 2.79% (2.87% comparison rate*) with a maximum LVR of 80% (Lenders Mortgage Insurance applies). Plus, if you apply and are approved by 31 Jan 2021 (and funded by 25 March 2021) you may be eligible to receive $1,500 cashback on this loan. Also note, serving Police, Department Affairs and ABF Officers may also receive an additional $500 cashback as well.
For owner occupiers, the loan allows you to borrow up to 90% of the property’s value, so if you’re looking to keep deposit costs low, this loan can do just that. Just keep in mind, your loan to value ratio and the type of borrower you are will determine the rate you’ll be charged.
The Police Bank Goldrate Home Loan is jam-packed with high-value flexible features, such as free extra loan repayments and a free redraw facility, meaning you’ll be able to pay your loan off as quickly as you’d like. This loan offers weekly, fortnightly or monthly repayments, meaning you’ll have the freedom to tailor your repayment cycle around your lifestyle.
Another great feature about the Police Bank Goldrate Home Loan is that there are no ongoing service or settlement fee charges to set you back. Just bear in mind, that there are a couple of other fees to keep an eye out for, like a $545 application fee and $294 discharge fee.
The Police Bank offers premium products to its members, so if you or a family member is working in the Australian police work, then the Police Bank Goldrate Home Loan could be a fantastic option for you. And if you're just about ready to buy your dream home, you'll be able to snag the discounted variable rate of 2.79% (2.87% comparison rate*).
While there are no ongoing service or settlement fee charges, the Police Bank Goldrate Home Loan does, however, come with a $545 application fee and a $294 discharge fee.
2.79% p.a.
n/a
n/a
n/a
2.87% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$545.00
$450.00
$0.00
$0.00
0%
$0.00
$294.00
$50,000
none
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$500.00
no
yes
none
none
Receive $1,500 cashback and an additional $500 for current serving Police Officers with a minimum $150k in new loans or top up of existing loans for applications by 31 Jan 2021 and funded by 25 March 2021.
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.
2.79% p.a.
n/a
n/a
n/a
2.84% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$545.00
$450.00
$0.00
$0.00
0%
$0.00
$294.00
$50,000
none
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$500.00
no
yes - available for principal & interest loans
none
none
Receive $1,500 cashback and an additional $500 for current serving Police Officers with a minimum $150k in new loans or top up of existing loans for applications by 31 Jan 2021 and funded by 25 March 2021.
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.
3.11% p.a.
n/a
n/a
n/a
3.19% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$545.00
$450.00
$0.00
$0.00
0%
$0.00
$294.00
$50,000
none
none
95.00%
Owner Occupier
Principal & Interest, Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$500.00
yes
yes
none
none
Receive $1,500 cashback and an additional $500 for current serving Police Officers with a minimum $150k in new loans or top up of existing loans for applications by 31 Jan 2021 and funded by 25 March 2021.
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.
3.34% p.a.
n/a
n/a
n/a
3.42% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$545.00
$450.00
$0.00
$0.00
0%
$0.00
$294.00
$50,000
none
none
90.00%
Investor
Principal & Interest, Interest Only
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
$500.00
yes
yes - available for principal & interest loans
none
none
Receive $1,500 cashback and an additional $500 for current serving Police Officers with a minimum $150k in new loans or top up of existing loans for applications by 31 Jan 2021 and funded by 25 March 2021.
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.
The variety of products the Police Bank offer covers a very wide range of needs. Their loan process is simple and easily understood, and their customer service is also very good.
Read full reviewThe variety of products the Police Bank offer covers a very wide range of needs. Their loan process is simple and easily understood, and their customer service is also very good.
Police Bank has specially designed its financial products to offer financial solutions to the employees and families of the Police service. Police Bank offers a range of financial products and services in savings accounts, home, car and personal loans, term deposits, credit and debit cards and a range of insurance products, ensuring that its members financial needs are taken care of.
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$0.00
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3.71% p.a.
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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.
