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Police Credit Union The Better Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $150,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $150,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $150,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $150,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $150,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $150,000

Rate
2.69% p.a.
Comparison Rate
2.74% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
2.69% p.a.
Comparison Rate
2.74% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
2.69% p.a.
Comparison Rate
2.74% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
2.99% p.a.
Comparison Rate
3.04% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
2.99% p.a.
Comparison Rate
3.02% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
2.99% p.a.
Comparison Rate
3.02% p.a.
Service fee
$0.00
Upfront fee
$767

Mozo editorial review Police Credit Union The Better Home Loan - last updated: 5 March 2021

binocular icon
What's hot
  • Competitive rates from 2.69% (2.74% comparison rate*)
  • 100% offset account
  • Extra repayments and redraws available
What's not
  • Multiple upfront fees
Mozo snapshot

A 100% offset account, handy extra features and competitive variable rates starting from just 2.69% (2.74% comparison rate*)? No you’re not dreaming, that’s exactly what The Better Home Loan from Police Credit Union is offering to owner occupiers and investors alike.

key icon
Key features

The Better Home Loan from Police Credit Union offers rates to all sorts of borrowers on loan amounts of at least $150,000, with variable rates starting from 2.69% (2.74% comparison rate*) for owner occupiers and a super competitive 2.69% (2.74% comparison rate*) for investors.

The rates on offer with the The Better Home Loan do vary depending on your loan-to-value ratio (LVR) and, for investors, whether you’re making principal and interest or interest-only repayments.

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).

snapshot
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.

question icon
Any catches

While The Better Home Loan doesn’t come with any ongoing service fees, there are a number of one-off costs that borrowers will need to budget for including the $420 application fee, $141.64 legal fee, $205 valuation fee and $150 discharge fee. Just bear 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 30 July 2021. 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

2.69% p.a.

n/a

n/a

n/a

2.74% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$205.00

$0.00

n/a

$0.00

$150.00

Other financial bits

$150,000

none

none

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$200.00

yes

yes

Fees shown are for applications in South Australia only. Fees may vary in other states.

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.

Details

Rates and fees information correct as at 30 July 2021. 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

2.69% p.a.

n/a

n/a

n/a

2.74% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$205.00

$0.00

n/a

$0.00

$150.00

Other financial bits

$150,000

none

80.00%

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$200.00

yes

yes

Fees shown are for applications in South Australia only. Fees may vary in other states.

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.

Details

Rates and fees information correct as at 30 July 2021. 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

2.69% p.a.

n/a

n/a

n/a

2.74% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$205.00

$0.00

n/a

$0.00

$150.00

Other financial bits

$150,000

none

none

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$200.00

yes

yes

Fees shown are for applications in South Australia only. Fees may vary in other states.

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.

Details

Rates and fees information correct as at 30 July 2021. 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

2.99% p.a.

n/a

n/a

n/a

3.04% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$205.00

$0.00

n/a

$0.00

$150.00

Other financial bits

$150,000

none

80.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$200.00

yes

yes

Fees shown are for applications in South Australia only. Fees may vary in other states.

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.

Details

Rates and fees information correct as at 30 July 2021. 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

2.99% p.a.

n/a

n/a

n/a

3.02% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$205.00

$0.00

n/a

$0.00

$150.00

Other financial bits

$150,000

none

none

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$200.00

yes

yes

Fees shown are for applications in South Australia only. Fees may vary in other states.

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.

Details

Rates and fees information correct as at 30 July 2021. 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

2.99% p.a.

n/a

n/a

n/a

3.02% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$205.00

$0.00

n/a

$0.00

$150.00

Other financial bits

$150,000

none

80.00%

90.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - fees apply

$200.00

yes

yes

Fees shown are for applications in South Australia only. Fees may vary in other states.

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.

Customer Reviews

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

Overall
8.6/10
Price
8.1/10
Features
7.0/10
Customer service
8.9/10
Convenience
7.9/10
Trust
8.3/10

About Police Credit Union

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.