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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 $200,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $200,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $200,000 with an LVR below 95%
The details shown below are for an investor 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 90%
The details shown below are for an investor taking out a interest only loan of at least $200,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan of at least $200,000 with an LVR below 90%

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
Owner Occupier Principal & Interest 80%-90% $200,000
Owner Occupier Principal & Interest < 95% $200,000
Investor Principal & Interest < 80% $200,000
Investor Principal & Interest 80%-90% $200,000
Investor Interest Only < 80% $200,000
Investor Interest Only 80%-90% $200,000
  • Owner Occupier (Principal & Interest)
    LVR < 80%
    Loan: $200,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-90%
    Loan: $200,000
  • Owner Occupier (Principal & Interest)
    LVR < 95%
    Loan: $200,000
  • Investor (Principal & Interest)
    LVR < 80%
    Loan: $200,000
  • Investor (Principal & Interest)
    LVR 80%-90%
    Loan: $200,000
  • Investor (Interest Only)
    LVR < 80%
    Loan: $200,000
  • Investor (Interest Only)
    LVR 80%-90%
    Loan: $200,000
Rate
6.69% p.a.
Comparison Rate
6.75% p.a.
Service fee
$0.00
Upfront fee
$782
Rate
6.69% p.a.
Comparison Rate
6.75% p.a.
Service fee
$0.00
Upfront fee
$782
Rate
6.59% p.a.
Comparison Rate
6.65% p.a.
Service fee
$0.00
Upfront fee
$782
Rate
6.69% p.a.
Comparison Rate
6.75% p.a.
Service fee
$0.00
Upfront fee
$782
Rate
7.24% p.a.
Comparison Rate
7.30% p.a.
Service fee
$0.00
Upfront fee
$782
Rate
7.24% p.a.
Comparison Rate
7.30% p.a.
Service fee
$0.00
Upfront fee
$782
Rate
7.24% p.a.
Comparison Rate
7.30% p.a.
Service fee
$0.00
Upfront fee
$782

Mozo editorial review Police Credit Union The Better Home Loan - last updated: 12 April 2024

binocular icon
What's hot
  • Interest rates from 6.69% p.a. (6.75% p.a. 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 6.69% p.a. (6.75% p.a. comparison rate*)? No, you’re not dreaming, that’s exactly what Better Home Loan from Police Credit Union is offering. 

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 $200,000, with variable rates starting from 6.69% p.a. (6.75% p.a. comparison rate*) for owner occupiers and 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 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 be 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, $220.5 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 21 April 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

6.69% p.a.

n/a

n/a

n/a

6.75% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$220.50

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

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 21 April 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

6.69% p.a.

n/a

n/a

n/a

6.75% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$220.50

n/a

n/a

$0.00

$150.00

Other financial bits

$200,000

none

80.00%

90.00%

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

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 21 April 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

6.59% p.a.

n/a

n/a

n/a

6.65% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$220.50

n/a

n/a

$0.00

$150.00

Other financial bits

$200,000

none

none

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$200.00

yes

yes

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

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 21 April 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

6.69% p.a.

n/a

n/a

n/a

6.75% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$220.50

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

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 21 April 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

7.24% p.a.

n/a

n/a

n/a

7.30% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$220.50

n/a

n/a

$0.00

$150.00

Other financial bits

$200,000

none

80.00%

90.00%

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

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 21 April 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

7.24% p.a.

n/a

n/a

n/a

7.30% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$220.50

n/a

n/a

$0.00

$150.00

Other financial bits

$200,000

none

none

80.00%

Features

Investor

Interest Only

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

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 21 April 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

7.24% p.a.

n/a

n/a

n/a

7.30% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$420.00

$141.64

$220.50

n/a

n/a

$0.00

$150.00

Other financial bits

$200,000

none

80.00%

90.00%

Features

Investor

Interest Only

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

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
Price
Features
Customer service
Convenience
Trust

About Police Credit Union

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6.29% p.a. variable

6.20% p.a.

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ANZ

Fixed Rate

6.59% p.a.
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7.06% p.a.

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6.24% p.a. variable

6.48% p.a.

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Variable

5.99% p.a. variable

5.90% p.a.

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6.01% p.a. variable

6.14% p.a.

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ubank

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6.14% p.a. variable

6.16% p.a.

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Macquarie

Offset Home Loan (Package)

6.15% p.a. variable

6.40% p.a.

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Variable

6.29% p.a. variable

6.20% p.a.

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Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.37% p.a.

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Macquarie

Basic Home Loan (Fixed)

5.99% p.a.
fixed 3 years

6.13% p.a.

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ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

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Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

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Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

Thumbnail icon for ubank
ubank

Neat Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a.

6.17% p.a.

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ubank

Flex Home Loan Fixed

p.a.

6.37% p.a.

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Aussie

Elevate

6.09% p.a.

6.20% p.a.

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ubank

Flex Home Loan

6.24% p.a.

6.48% 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)

5.99% p.a.
fixed 3 years

6.13% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

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ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

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Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.09% p.a.
fixed 3 years

6.19% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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Unloan

Variable

5.99% p.a.

5.90% p.a.

$0.00

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Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

$10.00 monthly

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a.

6.09% p.a.

$0.00

Thumbnail icon for ubank
ubank

Neat Home Loan

6.14% p.a.

6.16% p.a.

$0.00

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a.

6.20% p.a.

$0.00

Thumbnail icon for ubank
ubank

Flex Home Loan

6.24% p.a.

6.48% p.a.

$250.00 yearly

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.15% p.a.

6.40% p.a.

$248.00 yearly

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.15% p.a.

6.17% 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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