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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Owner Occupier | Principal & Interest | < 70% | $250,000 | |
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Investor | Principal & Interest | < 80% | $200,000 | |
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Investor | Principal & Interest | < 70% | $250,000 |
A 100% offset account, handy extra features and competitive variable rates starting from just 6.14% p.a. (6.20% p.a. comparison rate*) for Owner Occupiers and 6.19% p.a. (6.25% p.a. comparison rate*) for Investors? No, you’re not dreaming, that’s exactly what Low Rate Home Loan from Police Credit Union is offering.
The Low Rate Home Loan Special Offer from Police Credit Union currently offer owner occupiers with an LVR <70% an interest rate starting at 5.89% p.a. (5.95% p.a. comparison rate*), for new loans with Police Credit Union of at least $250,000.
For those with slightly higher LVRs of <80%, the rates are still competitive. On loan amounts of at least $200,000, variable rates start from just 6.14% p.a. (6.20% p.a. comparison rate*) for owner occupiers and a super competitive 6.19% p.a. (6.25% 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 - 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 Low Rate Home Loan from Police Credit Union could be a good match.
If you're planning to close your loan, there is a $150 discharge fee. Also, keep in mind that there is an upfront fee of $420 plus other valuation, legal and settlement fees charged at cost.
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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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6.20% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
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$420.00 |
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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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$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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Valuation, legal and settlement fees are charged at cost. |
|
|
none |
|
|
none |
^See information about the Mozo Expert Choice Home Loans Awards
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.
|
5.89% p.a. |
|
|
n/a |
|
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n/a |
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n/a |
|
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5.95% 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 |
|
|
n/a |
|
|
n/a |
|
|
n/a |
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n/a |
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$420.00 |
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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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$150.00 |
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$250,000 |
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none |
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none |
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70.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
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 |
|
|
yes |
|
|
Available for new lending to Police Credit Union only. Valuation, legal and settlement fees are charged at cost. |
|
|
none |
|
|
none |
^See information about the Mozo Expert Choice Home Loans Awards
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.
|
6.19% p.a. |
|
|
n/a |
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n/a |
|
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n/a |
|
|
6.25% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
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|
n/a |
|
$420.00 |
|
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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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$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 |
|
|
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 |
|
|
yes |
|
|
Valuation, legal and settlement fees are charged at cost. |
|
|
none |
|
|
none |
^See information about the Mozo Expert Choice Home Loans Awards
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.
|
5.94% p.a. |
|
|
n/a |
|
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n/a |
|
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n/a |
|
|
6.00% p.a. |
|
|
n/a |
|
|
n/a |
|
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n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$420.00 |
|
|
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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$150.00 |
|
$250,000 |
|
|
none |
|
|
none |
|
|
70.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$200.00 |
|
|
yes |
|
|
yes |
|
|
Available for new lending to Police Credit Union only. Valuation, legal and settlement fees are charged at cost. |
|
|
none |
|
|
none |
^See information about the Mozo Expert Choice Home Loans Awards
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.
Great Rate Home Loan
6.04% p.a. variable
6.06% p.a.
Home Value Loan
6.14% p.a. variable
6.14% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Great Rate Home Loan
6.04% p.a. variable
6.06% p.a.
Elevate
6.09% p.a. variable
6.20% p.a.
Great Rate Home Loan
6.04% p.a.
6.06% p.a.
Elevate
6.09% p.a.
6.20% p.a.
Mortgage Simplifier
6.14% p.a.
6.17% p.a.
Fixed Rate Loan
6.09% p.a.
fixed 3 years
6.15% p.a.
Fixed Rate
6.59% p.a.
fixed 3 years
7.06% p.a.
Express Home Loan (Fixed)
6.54% p.a.
fixed 3 years
6.38% p.a.
Great Rate Home Loan
6.04% p.a.
6.06% p.a.
$0.00
Elevate
6.09% p.a.
6.20% p.a.
$0.00
First Home Buyer Loan
5.99% p.a.
6.02% p.a.
$0.00
FHBG Classic Home Loan
6.09% p.a.
6.11% p.a.
$0.00
Basic Variable Home Loan
5.94% p.a.
5.99% 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.
