Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
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Owner Occupier | Principal & Interest | < 80% | $200,000 | |
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Investor | Principal & Interest | < 80% | $200,000 |
A 100% offset account, handy extra features and competitive variable rates starting from just 6.14% p.a. (6.14% p.a. comparison rate*)? No, you’re not dreaming, that’s exactly what Better Home Loan from Police Credit Union is offering.
The Better Home Loan (Special Offer) from Police Credit Union offers rates to all sorts of borrowers on loan amounts of at least $200,000, with variable rates starting from just 6.14% p.a. (6.14% p.a. comparison rate*) for owner occupiers and a super competitive 6.19% p.a. (6.19% p.a. comparison rate*) for investors.
Aside from the competitive rates available, one of the standout features of Police Credit Union’s loan is the 100% offset account which borrowers can use to bring down the loan balance they're paying interest on. Customers will also be able to choose the schedule on which they want to make their repayments on - whether weekly, fortnightly or monthly.
Borrowers can also make extra repayments towards their loan for free and, should they wish to, dip into those extra repayments with via online redraw facility ($200 minimum redraw applies).
It’s not often that borrowers will be able to find a home loan with an offset account and competitive variable rates, so if a flexible and budget-friendly loan sounds tempting then The Better Home Loan from Police Credit Union could a good match.
If you're planning to close your loan, there is a $150 discharge fee. Also, keep in mind that these amounts are applicable to South Australian applicants, so they might be different in other areas of the country.
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6.14% p.a. |
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n/a |
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n/a |
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n/a |
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6.14% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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n/a |
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$0.00 |
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$150.00 |
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$200,000 |
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none |
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none |
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80.00% |
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Owner Occupier |
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Principal & Interest |
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Weekly, Fortnightly, Monthly |
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yes - free |
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no |
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yes - free |
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$200.00 |
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yes |
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yes |
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Fees shown are for applications in South Australia only. Fees may vary in other states. Settlement Fee charged at cost |
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none |
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Up front fees waived from 1 May until 31 July 2024 |
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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6.19% p.a. |
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n/a |
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n/a |
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n/a |
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6.19% p.a. |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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n/a |
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$0.00 |
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$150.00 |
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$200,000 |
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none |
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none |
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80.00% |
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Investor |
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Principal & Interest |
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Weekly, Fortnightly, Monthly |
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yes - free |
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no |
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yes - free |
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$200.00 |
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yes |
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yes |
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Fees shown are for applications in South Australia only. Fees may vary in other states. Settlement Fee charged at cost |
|
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none |
|
|
Up front fees waived from 1 May until 31 July 2024 |
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.
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.
Mortgage Simplifier
6.14% p.a. variable
6.17% 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
Elevate
6.09% p.a.
6.20% p.a.
$0.00
First Home Buyer Loan
5.90% p.a.
5.93% p.a.
$0.00
Basic Variable Home Loan
5.94% p.a.
5.99% p.a.
$0.00
First Home Buyer Advantage Plus Home Loan
5.99% p.a.
6.76% 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.
