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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | |
| | Owner Occupier | Principal & Interest | 80%-90% | $150,000 | |
| | Investor | Principal & Interest | < 80% | $150,000 | |
| | Investor | Principal & Interest | 80%-90% | $150,000 | |
| | Investor | Interest Only | < 80% | $150,000 | |
| | Investor | Interest Only | 80%-90% | $150,000 |
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
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.
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).
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.
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.
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
$420.00
$141.64
$205.00
$0.00
n/a
$0.00
$150.00
$150,000
none
none
80.00%
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.
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
$420.00
$141.64
$205.00
$0.00
n/a
$0.00
$150.00
$150,000
none
80.00%
90.00%
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.
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
$420.00
$141.64
$205.00
$0.00
n/a
$0.00
$150.00
$150,000
none
none
80.00%
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.
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
$420.00
$141.64
$205.00
$0.00
n/a
$0.00
$150.00
$150,000
none
80.00%
90.00%
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.
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
$420.00
$141.64
$205.00
$0.00
n/a
$0.00
$150.00
$150,000
none
none
80.00%
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.
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
$420.00
$141.64
$205.00
$0.00
n/a
$0.00
$150.00
$150,000
none
80.00%
90.00%
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.
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.
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2.12% p.a.
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n/a
n/a
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3.03% p.a.
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2.47% p.a.
$0.00
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% 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.
