Police Bank logo

Police Bank Personal Loan (Fixed)

Advertiser disclosure

The details shown below are for a variable loan between $5,000 and $50,000

The details shown below are for a fixed loan between $5,000 and $50,000

The details shown below are for a variable loan between $5,000 and $50,000

Choose the version of this loan that suits you best

  • Loan: $5,000 $50,000

  • Loan: $5,000 $50,000

  • Loan: $5,000 $50,000

Interest rate from
5.79% p.a.
Comparison rate from
5.92% p.a.based on $30,000
over 5 years
Upfront fee
$98
Interest rate from
9.99% p.a.
Comparison rate from
10.13% p.a.based on $30,000
over 5 years
Upfront fee
$98
Interest rate from
12.76% p.a.
Comparison rate from
12.91% p.a.based on $30,000
over 5 years
Upfront fee
$98

Mozo editorial review Police Bank Personal Loan (Fixed)

Last updated: 12 November 2020.

binocular icon
What's hot
  • 2021 Mozo Experts Choice Award winner
  • No service or exit fees
  • Free extra repayments
What's not
  • $98 application fee
  • No redraw
Mozo snapshot

If you’re after a top notch personal loan, then look no further than the Police Bank Personal Loan. Aside from low variable rates, this personal loan also features no ongoing fees and heaps of repayment flexibility. Plus, as well as all that, this loan received a 2021 Mozo Experts Choice Award for best Unsecured Personal Loan!

key icon
Key features

Despite the name, the Police Bank Personal Loan is not just a loan built for those in blue, but for all borrowers on the hunt for a competitive rate. There are a couple of different rate options available with the Police Bank Personal Loan.

  • Discounted Fixed rate offer -  this offer comes with a 5.79% variable rate (5.92% comparison rate*)

  • Fixed rate option - If you're after a fixed rate on your loan, Police Bank offer a 9.99% interest rate (10.13% comparison rate*)

  • Variable rate option - If you prefer the flexibility of a variable rate, Police Bank offer a 12.76% rate on this one (12.91% comparison rate*)

Apart from a pretty competitive rate, this loan also features free extra repayments and no monthly service or exit fees, even on the fixed rate options, helping you put every last dollar toward getting debt free.

As this loan is unsecured, you won’t have to provide any security, while being able to borrow up to $50,000. Plus there’s some flexibility with when you make your repayments, as you’ll have the choice of either weekly, fortnightly or monthly.

But there are a few things to keep in mind with this loan, like the $98 application and $10 late payment fee. You’ll also need to be sure that you won’t need to withdraw your extra repayments in the future, as there is no redraw available.

snapshot
Who is it good for

The Police Bank Personal Loan - either the variable rate or fixed rate option -is a great choice for borrowers who aren’t too fussed with a boat load of extras and are keen to pay off their loan fast.

question icon
Any catches

The Police Bank Personal Loan does not come with a redraw facility, on either the variable or fixed rate option, so you’ll need to be sure you won’t need the cash again once it’s locked away. And if you are ever late with a payment, you will be charged a $10 late payment fee.

Details

Rates and fees information correct as at 1 March 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
  • Variable

  • 5.79% p.a.variable

  • 5.92% p.a.based on $30,000
    over 5 years

Fees
  • $98.00

  • $0.00

  • $10.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

Details

Rates and fees information correct as at 1 March 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
  • Fixed

  • 9.99% p.a. fixed

  • 10.13% p.a.based on $30,000
    over 5 years

Fees
  • $98.00

  • $0.00

  • $10.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

Details

Rates and fees information correct as at 1 March 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
  • Variable

  • 12.76% p.a.variable

  • 12.91% p.a.based on $30,000
    over 5 years

Fees
  • $98.00

  • $0.00

  • $10.00

  • $0.00

  • $0.00

Other financial bits
  • $5,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

Customer Reviews

How are Police Bank personal loans rated by the Mozo community?

Overall
8.3/10
Price
8.4/10
Features
7.9/10
Customer service
8.8/10
Convenience
7.4/10
Trust
8.5/10

Latest reviews of Police Bank Personal Loan (Fixed)

Thumbnail icon for Police Bank

About Police Bank

Police Bank has specially designed its financial products to offer financial solutions to the employees and families of the Police service. Police Bank offers a range of financial products and services in savings accounts, home, car and personal loans, term deposits, credit and debit cards and a range of insurance products, ensuring that its members financial needs are taken care of.

See Police Bank personal loans

Thumbnail icon for NOW Finance

NOW Finance

Unsecured Personal Loan

5.95% p.a.to 17.95% p.a.

5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.39% p.a.to 8.69% p.a.

6.39% p.a.to 9.61% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Thumbnail icon for Latitude

Latitude

Secured Personal Loan

5.99% p.a.to 21.99% p.a.

7.26% p.a.to 23.15% p.a.based on $30,000
over 5 years

Thumbnail icon for SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 10.49% p.a.

6.99% p.a.to 11.92% p.a.based on $30,000
over 5 years

Thumbnail icon for Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 25.99% p.a.

6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years

Thumbnail icon for Wisr

Wisr

Unsecured Personal Loan

6.49% p.a.to 19.95% p.a.

6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years

Thumbnail icon for Heritage Bank

Heritage Bank

Standard Personal Loan (Unsecured)

8.99% p.a.

9.62% p.a.based on $30,000
over 5 years

Thumbnail icon for loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

Thumbnail icon for NOW Finance

NOW Finance

Secured Personal Loan

4.45% p.a.to 15.45% p.a.

4.45% p.a.to 15.45% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Thumbnail icon for Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.to 19.26% p.a.based on $30,000
over 5 years

Thumbnail icon for Heritage Bank

Heritage Bank

Car Loan

5.99% p.a.

6.63% p.a.based on $30,000
over 5 years

Thumbnail icon for Plenti

Plenti

New Car Loan (Fixed)

4.89% p.a.to 8.89% p.a.

5.44% p.a.to 9.46% p.a.based on $30,000
over 5 years

Thumbnail icon for CUA

CUA

Secured Car Loan (Fixed)

6.79% p.a.

7.16% p.a.based on $30,000
over 5 years

Thumbnail icon for Latitude

Latitude

Secured Personal Loan

5.99% p.a.to 21.99% p.a.

7.26% p.a.to 23.15% p.a.based on $30,000
over 5 years

Thumbnail icon for NOW Finance

NOW Finance

Unsecured Personal Loan

5.95% p.a.to 17.95% p.a.

5.95% p.a.to 17.95% p.a.based on $30,000
over 5 years

Thumbnail icon for Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 25.99% p.a.

6.47% p.a.to 29.2% p.a.based on $30,000
over 5 years

Thumbnail icon for Wisr

Wisr

Unsecured Personal Loan

6.49% p.a.to 19.95% p.a.

6.76% p.a.to 20.26% p.a.based on $30,000
over 5 years

Thumbnail icon for OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

6.75% p.a.to 8.48% p.a.

6.96% p.a.to 8.69% p.a.based on $30,000
over 5 years

Thumbnail icon for SocietyOne

SocietyOne

Unsecured Personal Loan (Fixed)

6.99% p.a.to 10.49% p.a.

6.99% p.a.to 11.92% p.a.based on $30,000
over 5 years

Thumbnail icon for Plenti

Plenti

Unsecured Personal Loan (Fixed)

6.39% p.a.to 8.69% p.a.

6.39% p.a.to 9.61% p.a.based on $30,000
over 5 years

Thumbnail icon for Heritage Bank

Heritage Bank

Standard Personal Loan (Unsecured)

8.99% p.a.

9.62% p.a.based on $30,000
over 5 years

Thumbnail icon for Harmoney

Harmoney

Unsecured Personal Loan

6.99% p.a.to 24.79% p.a.

7.79% p.a.to 25.74% p.a.based on $30,000
over 5 years

Thumbnail icon for Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 25.99% p.a.

6.47% p.a.

$10.00

Thumbnail icon for NOW Finance

NOW Finance

Secured Personal Loan

4.45% p.a.to 15.45% p.a.

4.45% p.a.

$0.00

Thumbnail icon for loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.

$0.00

Thumbnail icon for OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.

$0.00

Thumbnail icon for Wisr

Wisr

Secured Car Loan

5.19% p.a.to 18.95% p.a.

5.46% p.a.

$0.00

Thumbnail icon for Plenti

Plenti

New Car Loan (Fixed)

4.89% p.a.to 8.89% p.a.

5.44% p.a.

$0.00

Thumbnail icon for loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.

$0.00

Thumbnail icon for Plenti

Plenti

Used Car Loan (Fixed)

5.29% p.a.to 9.99% p.a.

5.84% p.a.

$0.00