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 owner occupier 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 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 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, Interest Only | 80%-95% | $50,000 | |
| | Owner Occupier | Principal & Interest, Interest Only | 60%-80% | $50,000 | |
| | Owner Occupier | Principal & Interest, Interest Only | < 60% | $50,000 | |
| | Investor | Principal & Interest, Interest Only | < 90% | $50,000 |
Owner Occupier (Principal & Interest, Interest Only)
LVR 80%-95%
Loan: $50,000
Owner Occupier (Principal & Interest, Interest Only)
LVR 60%-80%
Loan: $50,000
Owner Occupier (Principal & Interest, Interest Only)
LVR < 60%
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 2.89% p.a. (2.96% p.a. comparison rate*) on loans with LVRs up to 80%, although owner occupiers could borrow as much as 95% of the property value if needed (higher rates apply).
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 2.89% p.a. (2.96% p.a. comparison rate*) for borrowers with maximum LVRs of 80%.
Owner occupiers with LVRs up to 95% can also access a home loan with Police Bank, although their rates start slightly higher at 3.09% (3.17% comparison rate*).
Finally, the Police Bank Goldrate Home Loan offers its top rates to owner occupiers with LVRs below 60%, with its offer starting from just 2.79% (2.86% comparison rate*).
Bear in mind that all of the rates mentioned above are only available to borrowers making interest-only repayments.
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.
Also if you're borrowing more than 80% of the property value, you may need to pay Lenders Mortgage Insurance.
| 3.09% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.17% 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 | |
| 80.00% | |
| 95.00% |
| Owner Occupier | |
| Principal & Interest, Interest Only | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $500.00 | |
| yes | |
| yes | |
| none | |
| none | |
| $1,500 cashback (an additional $500 for currently serving Police Officers) with $150k in new loans or top up of existing loans for applications by 19 Nov and funded by 31 Dec 2021. $545 Establishment fee waived for Owner Occupiers loans of $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.
| 2.89% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.96% 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 | |
| 60.00% | |
| 80.00% |
| Owner Occupier | |
| Principal & Interest, Interest Only | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $500.00 | |
| yes | |
| yes | |
| none | |
| none | |
| $1,500 cashback (an additional $500 for currently serving Police Officers) with $150k in new loans or top up of existing loans for applications by 19 Nov and funded by 31 Dec 2021. $545 Establishment fee waived for Owner Occupiers loans of $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.
| 2.79% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.86% 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 | |
| 60.00% |
| Owner Occupier | |
| Principal & Interest, Interest Only | |
| Weekly, Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $500.00 | |
| yes | |
| yes | |
| none | |
| none | |
| $1,500 cashback (an additional $500 for currently serving Police Officers) with $150k in new loans or top up of existing loans for applications by 19 Nov and funded by 31 Dec 2021. $545 Establishment fee waived for Owner Occupiers loans of $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.
| 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 | |
| $1,500 cashback (an additional $500 for currently serving Police Officers) with $150k in new loans or top up of existing loans for applications by 19 Nov and funded by 31 Dec 2021. $545 Establishment fee waived for Owner Occupiers loans of $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.
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.
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