Police Credit Union home loans

Police Credit Union
Police Credit Union's overall rating for home loans

(as rated by the Mozo community)

8.9 / 10

based on 11 reviews

Police Credit Union is customer-owned, so when you pick up a home loan with this lender, you can be sure it has your best interests at heart. Plus, you can be confident in the quality of Police Credit Union home loans, knowing it bagged two of Mozo’s coveted Experts Choice Awards, for Best Value fixed rate home loan and Best Value fixed investor loan.

Rates and fees verified as correct at 08 December, 2016. Other information correct at the time of writing.

What home loans do Police Credit Union offer?

Fixed Rate Home Loans Fixed Rate Home Loans

The fixed rate home loan offers from Police Credit Union allow you to borrow up to 95% of the property’s value on the standard offer, or up to 80% on the Better home loan offer, starting from $150,000. In terms of features, you’ll have fee-free extra repayments up to $20,000 p.a., and if you choose a Better home loan offer, you’ll also have the use of an offset account, which you can deposit funds up to $20,000 into. But keep in mind, this mortgage comes with application, legal and valuation fees attached.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.19% p.a.

4.90% p.a.

$0.00

$780

4.19% p.a.

4.76% p.a.

$0.00

$780

4.19% p.a.

5.04% p.a.

$0.00

$780

3.99% p.a.

4.91% p.a.

$0.00

$780

3.84% p.a.

4.87% p.a.

$0.00

$780


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Variable Rate Home Loans Variable Rate Home Loans

Like the fixed rate alternative, you can borrow up to 95% of the property’s value with a Standard or Discount variable rate home loan offer, or 80% on the Better home loan option. The flexible features on offer include unlimited fee-free extra repayments, a redraw facility - although fees apply to use this feature - and the use of an offset account. There are application, legal and valuation fees to consider with this home loan.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

5.09% p.a.

5.26% p.a.

$10.00 monthly

$780

4.89% p.a.

5.06% p.a.

$10.00 monthly

$780

5.28% p.a.

5.34% p.a.

$0.00

$780

5.18% p.a.

5.24% p.a.

$0.00

$780

3.69% p.a.

3.74% p.a.

$0.00

$780

3.69% p.a.

3.74% p.a.

$0.00

$780


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Variable Package Home Loan Variable Package Home Loan

The Better Special variable rate home loan package from Police Credit Union is available for loans starting from $150,000, up to 80% of the property’s value. You’ll have the option to make repayments on a weekly, fortnightly or monthly basis, plus the use of some great flexible features including free extra repayments up to $20,000 p.a. and an offset account. You can deposit up to $20,000 into this offset account, which also comes with a Visa debit card for easy access to your funds.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.59% p.a.

4.64% p.a.

$0.00

$780

4.39% p.a.

4.44% p.a.

$0.00

$780


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Police Credit Union home loan features in a glance

Free additional repaymentsFree additional repayments

Make extra repayments to pay off your home loan quicker and save on interest. Just remember that while these extra repayments are unlimited on variable rate offers, if you opt for a fixed or package offer they’ll be capped at $20,000 p.a.

Offset accountOffset account

With any Police Credit Union home loan, you’ll have the option to stash your funds in an offset account to help cut down on interest. But keep in mind that for fixed and package offers, you can only deposit up to $20,000 into this account.

Flexible repayment scheduleFlexible repayment schedule

Match your repayments to your budget by choosing either monthly, fortnightly or weekly repayments.

How are Police Credit Union home loans rated?

Facts and figures are fine, but what about first hand experience? Check out what Police Credit Union’s customers have to say about its home loans in our customer review section.

Police Credit Union home loans

Overall 8.9*

Price

Features

Customer service

Convenience

Trust

11 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Police Credit Union home loan reviews Recent Police Credit Union home loan reviews

Police Credit Union

Police Credit Union home loan review

Overall rating   9 / 10

Very helpful and knowledgable staff.

Most accommodating and friendly staff. Always willing to give a competitive quote on any product that one may wish to purchase.

Full review

Most accommodating and friendly staff. Always willing to give a competitive quote on any product that one may wish to purchase.

    Price   6 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Peter (SA), reviewed 12 months ago

Police Credit Union

Police Credit Union home loan review

Overall rating   10 / 10

Competitive premiums and awsome customer service

I have been banking with them for over 30 years. Have always been happy dealing with them.

Full review

I have been banking with them for over 30 years. Have always been happy dealing with them.

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Melinda (NT), reviewed 12 months ago

Police Credit Union

Police Credit Union home loan review

Overall rating   6 / 10

Worth a look

Definitely worth checking out, they have great deals from time to time.

Full review

Definitely worth checking out, they have great deals from time to time.

    Price   5 / 10

    Features   5 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   6 / 10

Less

Ben (NT), reviewed about 1 year ago

Police Credit Union

Police Credit Union home loan review

Overall rating   7 / 10

Friendly but flawed

Unfortunately PCU are the David of the banking world and their products reflect this. Products are backwards (read: Paywave and lack of) and their internet banking/mobile banking interface is bordering on laughable, not to mention the prehistoric...

Full review

Unfortunately PCU are the David of the banking world and their products reflect this. Products are backwards (read: Paywave and lack of) and their internet banking/mobile banking interface is bordering on laughable, not to mention the prehistoric transaction fees. Sadly, PCU has been well and truly surpassed for convenience by the bigger players as well. Thankfully the interest rates offered to me were quite passable and the customer service is enjoyable. I'm locked in for 3 years at this interest rate and it's the only reason I will continue to bank with them. For now.

    Price   7 / 10

    Features   4 / 10

    Customer service   9 / 10

    Convenience   3 / 10

    Trust   5 / 10

Less

Tom (SA), reviewed about 2 years ago

Police Credit Union

Police Credit Union home loan review

Overall rating   9 / 10

Good customer rapport snd competitive % rates

Pcu good all round with services IVY and online areas 9/10, competitive in the interest markets.

Full review

Pcu good all round with services IVY and online areas 9/10, competitive in the interest markets.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Kim (SA), reviewed over 2 years ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a Police Credit Union home loan? What do you need to apply for a Police Credit Union home loan?

Membership with Police Credit Union is open to everyone - not just law enforcement.
But you will have to become a member before getting your hands on a home loan which you can do by going into a branch, or calling Police Credit Union’s customer service team.

When you apply for your home loan, make sure you’ve got these details prepared:

  • Your personal and contact details
  • Your employment details, including two recent payslips, your rental agreement or family tax statement
  • A list of your assets, including six months of statements from your savings or transaction account
  • A list of your liabilities, including a full statement from any credit cards, overdrafts or personal loans
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