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Police Bank Goldrate Home Loan

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest 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 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 95%
The details shown below are for an owner occupier taking out a 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 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 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 loan of at least $50,000 with an LVR below 60%
The details shown below are for an investor taking out a principal & interest loan of at least $50,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $50,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan of at least $50,000 with an LVR below 60%
The details shown below are for an investor taking out a interest only loan of at least $50,000 with an LVR below 80%
The details shown below are for an investor taking out a 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 < 60% $50,000
Owner Occupier Principal & Interest 60%-80% $50,000
Owner Occupier Principal & Interest 80%-95% $50,000
Owner Occupier Interest Only < 60% $50,000
Owner Occupier Interest Only 60%-80% $50,000
Owner Occupier Interest Only 80%-95% $50,000
Investor Principal & Interest < 60% $50,000
Investor Principal & Interest 60%-80% $50,000
Investor Principal & Interest 80%-90% $50,000
Investor Interest Only < 60% $50,000
Investor Interest Only 60%-80% $50,000
Investor Interest Only 80%-90% $50,000
  • Owner Occupier (Principal & Interest)
    LVR < 60%
    Loan: $50,000
  • Owner Occupier (Principal & Interest)
    LVR 60%-80%
    Loan: $50,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-95%
    Loan: $50,000
  • Owner Occupier (Interest Only)
    LVR < 60%
    Loan: $50,000
  • Owner Occupier (Interest Only)
    LVR 60%-80%
    Loan: $50,000
  • Owner Occupier (Interest Only)
    LVR 80%-95%
    Loan: $50,000
  • Investor (Principal & Interest)
    LVR < 60%
    Loan: $50,000
  • Investor (Principal & Interest)
    LVR 60%-80%
    Loan: $50,000
  • Investor (Principal & Interest)
    LVR 80%-90%
    Loan: $50,000
  • Investor (Interest Only)
    LVR < 60%
    Loan: $50,000
  • Investor (Interest Only)
    LVR 60%-80%
    Loan: $50,000
  • Investor (Interest Only)
    LVR 80%-90%
    Loan: $50,000
Rate
6.34% p.a.
Comparison Rate
6.42% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
6.44% p.a.
Comparison Rate
6.52% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
7.04% p.a.
Comparison Rate
7.12% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
6.64% p.a.
Comparison Rate
6.54% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
6.74% p.a.
Comparison Rate
6.82% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
7.34% p.a.
Comparison Rate
7.25% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
6.64% p.a.
Comparison Rate
6.72% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
6.74% p.a.
Comparison Rate
6.82% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
7.14% p.a.
Comparison Rate
7.22% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
6.84% p.a.
Comparison Rate
6.80% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
6.94% p.a.
Comparison Rate
6.90% p.a.
Service fee
$0.00
Upfront fee
$1,050
Rate
7.34% p.a.
Comparison Rate
7.31% p.a.
Service fee
$0.00
Upfront fee
$1,050

Mozo editorial review Police Bank Goldrate Home Loan - last updated: 14 March 2024

binocular icon
What's hot
  • Variable rates from 6.34% p.a. (6.59% p.a. comparison rate*) for <80% LVR
  • Free extra repayments and redraw facility
What's not
  • Upfront fees apply
Mozo snapshot

If you’re a girl or boy in blue, then this could be the home loan for you! The Police Bank Goldrate Home Loan offers variable interest rates starting at 6.34% p.a. (6.59% p.a. comparison rate*) on loans with LVRs up to 80%, although owner occupiers can borrow as much as 95% of the property value if needed (higher rates apply). 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.

key icon
Key features

If you’re a member of the Australian police force looking to buy a new home, then the Police Bank Goldrate Home Loan could be worth a look. It offers competitive variable interest rates of 6.44% p.a. (7.02% p.a. comparison rate*) for owner occupiers with a maximum LVR of 80%. 

Owner occupiers with LVRs up to 95% can also access a home loan with Police Bank, although rates start slightly higher at 7.04% p.a. (7.12% p.a. comparison rate*). Finally, the Police Bank Goldrate Home Loan offers its lowest rates to owner occupiers with LVRs below 60%, with rates starting from just 6.34% p.a. (6.59% p.a. comparison rate*). 

The Police Bank Goldrate Home Loan is also 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 some expensive upfront fees to keep an eye out for, like the $600 application fee and $294 discharge fee.


snapshot
Who is it good for

If you or a family member works in the Australian police work, then the Police Bank Goldrate Home Loan could be a an option worth considering.

question icon
Any catches

Just remember to weigh up the cost of those upfront fees, which are on the more expensive side (relatively). Also if you're borrowing more than 80% of the property value, you may need to pay Lenders Mortgage Insurance

Details

Rates and fees information correct as at 22 June 2024. 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

6.34% p.a.

n/a

n/a

n/a

6.42% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

none

60.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes

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 22 June 2024. 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

6.44% p.a.

n/a

n/a

n/a

6.52% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

60.00%

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes

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 22 June 2024. 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

7.04% p.a.

n/a

n/a

n/a

7.12% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

80.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes

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 22 June 2024. 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

6.64% p.a.

n/a

n/a

n/a

6.54% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

none

60.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes

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 22 June 2024. 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

6.74% p.a.

n/a

n/a

n/a

6.82% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

60.00%

80.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes

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 22 June 2024. 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

7.34% p.a.

n/a

n/a

n/a

7.25% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

80.00%

95.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes

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 22 June 2024. 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

6.64% p.a.

n/a

n/a

n/a

6.72% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

none

60.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes - available for principal & interest loans

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 22 June 2024. 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

6.74% p.a.

n/a

n/a

n/a

6.82% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

60.00%

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes - available for principal & interest loans

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 22 June 2024. 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

7.14% p.a.

n/a

n/a

n/a

7.22% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

80.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes - available for principal & interest loans

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 22 June 2024. 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

6.84% p.a.

n/a

n/a

n/a

6.80% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

none

60.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes - available for principal & interest loans

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 22 June 2024. 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

6.94% p.a.

n/a

n/a

n/a

6.90% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

60.00%

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes - available for principal & interest loans

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 22 June 2024. 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

7.34% p.a.

n/a

n/a

n/a

7.31% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

$450.00

$0.00

$0.00

0%

$0.00

$294.00

Other financial bits

$50,000

none

80.00%

90.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$500.00

yes

yes - available for principal & interest loans

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
8.6/10
Price
8.0/10
Features
8.0/10
Customer service
8.9/10
Convenience
7.4/10
Trust
8.9/10
Based on 31 Police Bank home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of Police Bank Goldrate Home Loan

About Police Bank

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a. variable

6.06% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a. variable

6.14% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a. variable

6.14% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a.

6.14% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a.

6.01% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

$0.00

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% p.a.

$0.00

Thumbnail icon for Police Credit Union
Police Credit Union

The Better Home Loan (Special Offer)

6.14% p.a.

6.14% p.a.

$0.00

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a.

6.01% p.a.

$0.00

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a.

6.09% p.a.

$0.00

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a.

6.20% p.a.

$0.00

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Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

$0.00

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ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

$0.00

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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