Thumbnail icon for Police Credit Union

Police Credit Union The Better Home Loan

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
2.99% p.a.
Comparison Rate*
3.04% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
3.60% p.a.
Comparison Rate*
3.65% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
3.49% p.a.
Comparison Rate*
3.54% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
3.99% p.a.
Comparison Rate*
4.04% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
3.89% p.a.
Comparison Rate*
3.92% p.a.
Service fee
$0.00
Upfront fee
$767
Rate
4.19% p.a.
Comparison Rate*
4.22% p.a.
Service fee
$0.00
Upfront fee
$767

Mozo editorial review Police Credit Union The Better Home Loan

Last updated: 17 March 2020.

binocular icon
What's hot
  • Free extra repayments and redraw facility
  • 100% offset account
  • Variable rates from 2.99% (3.04% comparison rate*)
What's not
  • $420 application fee
  • $150 discharge fee
Mozo snapshot

An offset account and low variable rates? No you’re not dreaming, that’s exactly what The Better Home Loan from Police Credit Union provides with variable rates starting from a competitive 2.99% (3.04% comparison rate*). Borrowers will also be able to make use of a 100% offset account as well as the free extra repayments and redraw features.

key icon
Key features

The Better Home Loan from Police Credit Union offers competitive rates to all sorts of borrowers, with variable rates starting from 2.99% (3.04% comparison rate*) for owner occupiers and 3.49% (3.54% comparison rate*) for investors.

Available to borrowers taking out a loan amount of at least $150,000, rates with the The Better Home Loan will vary depending on your LVR and, for investors, whether you’re making principal and interest or interest-only repayments.

Aside from it’s competitive rates, one of the standout features of Police Credit Union’s Better Home Loan is the 100% offset account which borrowers will be able to use to bring down their mortgage repayments. And speaking of repayments, homeowners will also be able to choose the repayment schedule which suits them best - whether that’s on a weekly, fortnightly or monthly basis.

Police Credit Union also lets borrowers make free extra repayments towards their loan and, should they need to, dip into those extra repayments with the free online redraw facility.

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 be your mortgage match.

snapshot
Any catches

While The Better Home Loan doesn’t come with any monthly or ongoing fees, there are a number of other costs that borrowers will need to budget for including the $420 application fee and $150 discharge fee among others.

Details

Rates and fees information correct as at 12 July 2020. 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

  • none

  • 80.00%

Features

  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - fees apply

  • $0.00

  • 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 12 July 2020. 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

  • 3.60% p.a.

  • n/a

  • n/a

  • n/a

  • 3.65% 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

  • $0.00

  • 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 12 July 2020. 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

  • 3.49% p.a.

  • n/a

  • n/a

  • n/a

  • 3.54% 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

  • $0.00

  • 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 12 July 2020. 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

  • 3.99% p.a.

  • n/a

  • n/a

  • n/a

  • 4.04% 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

  • $0.00

  • 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 12 July 2020. 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

  • 3.89% p.a.

  • n/a

  • n/a

  • n/a

  • 3.92% 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

  • $0.00

  • 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 12 July 2020. 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

  • 4.19% p.a.

  • n/a

  • n/a

  • n/a

  • 4.22% 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

  • $0.00

  • 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 customer rating
8.5/10

Based on 19 Police Credit Union home loan reviews

Price
8.0/10
Features
6.9/10
Customer service
8.8/10
Convenience
7.7/10
Trust
8.2/10
Police Credit Union

About Police Credit Union

Police Credit Union SA/NT provides its members with flexible and fair rate financial products, offering term deposits, savings accounts, home loans, personal loans, debt consolidation, and financial planning services.

See Police Credit Union home loans

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.57% p.a. variable

2.59% p.a.

Go to site

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a. variable

2.59% p.a.

Go to site

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Go to site

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.31% p.a.

Go to site

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.39% p.a.
fixed 3 years

3.66% p.a.

Go to site

Promoted

People's Choice Credit Union

People's Choice Credit Union

Basic Variable Home Loan

2.69% p.a. variable

2.69% p.a.

Go to site

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.35% p.a.
fixed 3 years

3.44% p.a.

Promoted

Yard

Yard

Variable Home Loan Winter Special

2.39% p.a. variable

2.42% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.57% p.a. variable

2.59% p.a.

Go to site

Promoted

Suncorp

Suncorp

Back to Basics

2.78% p.a. variable

2.79% p.a.

Go to site

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a. variable

2.59% p.a.

Go to site

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Go to site

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.39% p.a. variable

2.39% p.a.

Go to site

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.39% p.a.
fixed 3 years

3.66% p.a.

Go to site

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.69% p.a. variable

2.86% p.a.

Promoted

Athena

Athena

Variable Home Loan

2.59% p.a. variable

2.55% p.a.

Go to site

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.57% p.a.

2.59% p.a.

Go to site

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a.

2.59% p.a.

Go to site

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.69% p.a.

2.86% p.a.

Promoted

Newcastle Permanent

Newcastle Permanent

Variable Home Loan (Premium Plus Package)

2.94% p.a.

3.34% p.a.

Go to site

Promoted

People's Choice Credit Union

People's Choice Credit Union

Basic Variable Home Loan

2.69% p.a.

2.69% p.a.

Go to site

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.39% p.a.

2.39% p.a.

Go to site

Promoted

Yard

Yard

Variable Home Loan Winter Special

2.39% p.a.

2.42% p.a.

Promoted

HSBC

HSBC

Home Value Loan

2.65% p.a.

2.66% p.a.

Go to site

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.31% p.a.

Go to site

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Go to site

Promoted

Commonwealth Bank

Commonwealth Bank

Fixed Rate Home Loan (Wealth Package)

2.29% p.a.
fixed 3 years

3.87% p.a.

Go to site

Promoted

Mozo

Mozo

Mystery Bank Deal

2.29% p.a.
fixed 3 years

3.89% p.a.

Go to site

Promoted

Homestar

Homestar

Star Essentials Fixed Home Loan

n/a

n/a

Go to site

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.39% p.a.
fixed 3 years

3.66% p.a.

Go to site

Promoted

People's Choice Credit Union

People's Choice Credit Union

Fixed Rate Home Loan (Package)

2.29% p.a.
fixed 3 years

3.72% p.a.

Go to site

Promoted

Mortgage House

Mortgage House

Switch and Save Special - Fixed Home Loan

2.44% p.a.
fixed 3 years

2.60% p.a.

Go to site

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.57% p.a.

2.59% p.a.

$0.00

Go to site

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.59% p.a.

2.59% p.a.

$0.00

Go to site

Promoted

People's Choice Credit Union

People's Choice Credit Union

Basic Variable Home Loan

2.69% p.a.

2.69% p.a.

$0.00

Go to site

Promoted

Yard

Yard

Variable Home Loan Winter Special

2.39% p.a.

2.42% p.a.

$0.00

Promoted

Newcastle Permanent

Newcastle Permanent

Variable Home Loan (Premium Plus Package)

2.94% p.a.

3.34% p.a.

$395.00 yearly

Go to site

Promoted

Suncorp

Suncorp

Back to Basics

2.78% p.a.

2.79% p.a.

$0.00

Go to site

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.39% p.a.

2.39% p.a.

$0.00

Go to site

Promoted

Athena

Athena

Variable Home Loan

2.59% p.a.

2.55% p.a.

$0.00

Go to site

*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.

Compare other home loans