Police Bank Goldrate Home Loan

This product is available in different versions. Pick the right version for you here.

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 80%

Choose the version of this loan that suits you best

  • 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 < 80%

    Loan: $50,000

3.18% p.a.

3.19% p.a.

$0.00

Police Bank Goldrate Home Loan

3.18% p.a.

3.19% p.a.

$0.00

3.49% p.a.

3.57% p.a.

$0.00

Police Bank Goldrate Home Loan

3.49% p.a.

3.57% p.a.

$0.00

3.59% p.a.

3.67% p.a.

$0.00

Police Bank Goldrate Home Loan

3.59% p.a.

3.67% p.a.

$0.00

Mozo Review   Police Bank Goldrate Home Loan Review

Last updated: 14 October 2019.

What's hot:
  • Competitive 3.49% p.a. variable interest rate (3.57% p.a. comparison rate*)

  • No ongoing service or settlement fees

  • Free extra repayments and redraw facility

  • Limited time special rate offer of 3.18% (3.19% comparison rate*)

What's not:
  • $545 Application fee

  • $294 Discharge fee

Mozo snapshot:

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 3.49% p.a. (3.57% 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. Not to mention, the Police Bank Goldrate Home Loan just won a 2019 Mozo Experts Choice Award for Home Loans in the First Home Buyer Loan category.

Key features:

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 3.49% p.a. (3.57% 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 3.18% (3.19% comparison rate*) with a maximum LVR of 80% (Lenders Mortgage Insurance applies). 

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.

Who it's good for:

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 3.18% (3.19% comparison rate*). 

Any catches?

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.

Details

Rates and fees information correct as at 11 December 2019. 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
  • 3.18% 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

Fees
  • $545.00

  • n/a

  • $0.00

  • $0.00

  • 0%

  • $0.00

  • $294.00

Other financial bits
  • $50,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • no

  • no

  • none

  • none

  • none

*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 11 December 2019. 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
  • 3.49% p.a.

  • n/a

  • n/a

  • n/a

  • 3.57% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $545.00

  • n/a

  • $0.00

  • $0.00

  • 0%

  • $0.00

  • $294.00

Other financial bits
  • $50,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • none

  • none

*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 11 December 2019. 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
  • 3.59% p.a.

  • n/a

  • n/a

  • n/a

  • 3.67% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $545.00

  • n/a

  • $0.00

  • $0.00

  • 0%

  • $0.00

  • $294.00

Other financial bits
  • $50,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest, Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • no

  • none

  • none

  • none

*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.

Customer Reviews

How are Police Bank home loans rated by the Mozo community?

Overall customer rating
8.5/10
Price
7.8/10
Features
7.9/10
Customer service
8.8/10
Convenience
7.0/10
Trust
8.8/10
Police Bank

About Police Bank

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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