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Police Credit Union The Better Home Loan (Special Offer)

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan of at least $200,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan of at least $200,000 with an LVR below 80%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 80% $200,000
Investor Principal & Interest < 80% $200,000
  • Owner Occupier (Principal & Interest)
    LVR < 80%
    Loan: $200,000
  • Investor (Principal & Interest)
    LVR < 80%
    Loan: $200,000
Rate
6.14% p.a.
Comparison Rate
6.14% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
6.19% p.a.
Comparison Rate
6.19% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review Police Credit Union The Better Home Loan (Special Offer) - last updated: 22 May 2024

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What's hot
  • Special offer rates from just 6.14% p.a. (6.14% p.a. comparison rate*) for Owner Occupiers and 6.19% p.a. (6.19% p.a. comparison rate*) for Investors
  • 100% offset account
  • Extra repayments and redraws available
What's not
  • $150 discharge fee
Mozo snapshot

A 100% offset account, handy extra features and competitive variable rates starting from just 6.14% p.a. (6.14% p.a. comparison rate*) for Owner Occupiers and 6.19% p.a. (6.19% p.a. comparison rate*) for Investors? No, you’re not dreaming, that’s exactly what Better Home Loan from Police Credit Union is offering. 

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Key features

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).


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Who is it good for

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.

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Any catches

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. 

Details

Rates and fees information correct as at 29 May 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

6.14% p.a.

n/a

n/a

n/a

6.14% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

n/a

n/a

$0.00

$150.00

Other financial bits

$200,000

none

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$200.00

yes

yes

Fees shown are for applications in South Australia only. Fees may vary in other states. Settlement Fee charged at cost

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.

Details

Rates and fees information correct as at 29 May 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

6.19% p.a.

n/a

n/a

n/a

6.19% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

n/a

n/a

$0.00

$150.00

Other financial bits

$200,000

none

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$200.00

yes

yes

Fees shown are for applications in South Australia only. Fees may vary in other states. Settlement Fee charged at cost

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.

Customer Reviews

How are Police Credit Union home loans rated by the Mozo community?

Overall
8.2/10
Price
8.1/10
Features
7.1/10
Customer service
8.9/10
Convenience
8.0/10
Trust
8.3/10
Based on 21 Police Credit Union 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.

About Police Credit Union

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5.99% p.a. variable

5.90% p.a.

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Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

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Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

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HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

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ING

Mortgage Simplifier

6.14% p.a. variable

6.17% p.a.

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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 Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

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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 Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% 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

Offset Home Loan (Package)

6.14% p.a. variable

6.39% 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 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.

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loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% 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 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 loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% p.a.

$0.00

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

$0.00

Thumbnail icon for G&C Mutual Bank
G&C Mutual Bank

First Home Buyer Loan

5.90% p.a.

5.93% p.a.

$0.00

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Community First Bank

Basic Variable Home Loan

5.94% p.a.

5.99% p.a.

$0.00

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Unity Bank

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.

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