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 |
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.
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.
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.
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.
6.34% p.a. |
|
n/a |
|
n/a |
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n/a |
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6.42% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
none |
|
60.00% |
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.
6.44% p.a. |
|
n/a |
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n/a |
|
n/a |
|
6.52% p.a. |
|
n/a |
|
n/a |
|
n/a |
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n/a |
|
n/a |
|
n/a |
|
n/a |
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n/a |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
60.00% |
|
80.00% |
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.
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 |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
80.00% |
|
95.00% |
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.
6.64% p.a. |
|
n/a |
|
n/a |
|
n/a |
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6.54% p.a. |
|
n/a |
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n/a |
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n/a |
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n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
none |
|
60.00% |
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.
6.74% p.a. |
|
n/a |
|
n/a |
|
n/a |
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6.82% p.a. |
|
n/a |
|
n/a |
|
n/a |
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n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
60.00% |
|
80.00% |
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.
7.34% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
7.25% p.a. |
|
n/a |
|
n/a |
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n/a |
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n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
80.00% |
|
95.00% |
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.
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 |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
none |
|
60.00% |
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.
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 |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
60.00% |
|
80.00% |
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.
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 |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
80.00% |
|
90.00% |
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.
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 |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
none |
|
60.00% |
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.
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 |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
60.00% |
|
80.00% |
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.
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 |
$600.00 |
|
$450.00 |
|
$0.00 |
|
$0.00 |
|
0% |
|
$0.00 |
|
$294.00 |
$50,000 |
|
none |
|
80.00% |
|
90.00% |
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.
Police Bank truly shines as a member-centric institution. With their low-interest rates on loans, they prioritize affordability. The friendly staff creates a welcoming atmosphere, offering exceptional customer service. Their online and mobile banking app provide convenience, making transactions a breeze. A top-notch choice for all banking needs.
Read full reviewPolice Bank truly shines as a member-centric institution. With their low-interest rates on loans, they prioritize affordability. The friendly staff creates a welcoming atmosphere, offering exceptional customer service. Their online and mobile banking app provide convenience, making transactions a breeze. A top-notch choice for all banking needs.
When interest rates started to hike, I got in touch and negotiated a reduced rate, it has saved me thousands and counting.
Read full reviewWhen interest rates started to hike, I got in touch and negotiated a reduced rate, it has saved me thousands and counting.
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.
Home Value Loan
6.09% p.a. variable
6.09% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Express Home Loan (Fixed)
6.04% p.a.
fixed 3 years
6.15% p.a.
Express Home Loan (Fixed)
6.54% p.a.
fixed 3 years
6.38% p.a.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Express Home Loan (Fixed)
6.54% p.a.
fixed 3 years
6.38% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
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.