Police Bank Personal Loan (Fixed)
This product is available in different versions. Pick the right version for you here.
The details shown below are for a fixed 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 type | Min loan amount | Max loan amount | |
|---|---|---|---|
| | Fixed | $5,000 | $50,000 |
| | Fixed | $5,000 | $50,000 |
| | Variable | $5,000 | $50,000 |
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Loan: $5,000 $50,000
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Loan: $5,000 $50,000
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Loan: $5,000 $50,000
7.90% p.a.
8.03% p.a.based on $30,000
over 5 years
$98
Police Bank Personal Loan (Fixed)
7.90% p.a.
8.03% p.a.based on $30,000
over 5 years
$98
Police Bank Personal Loan (Fixed)
7.90% p.a.
8.03% p.a.based on $30,000
over 5 years
$98
9.99% p.a.
10.13% p.a.based on $30,000
over 5 years
$98
Police Bank Personal Loan (Fixed)
9.99% p.a.
10.13% p.a.based on $30,000
over 5 years
$98
Police Bank Personal Loan (Fixed)
9.99% p.a.
10.13% p.a.based on $30,000
over 5 years
$98
12.76% p.a.
12.91% p.a.based on $30,000
over 5 years
$98
Police Bank Personal Loan (Fixed)
12.76% p.a.
12.91% p.a.based on $30,000
over 5 years
$98
Police Bank Personal Loan (Fixed)
12.76% p.a.
12.91% p.a.based on $30,000
over 5 years
$98
Mozo Review Police Bank Personal Loan (Fixed) Review
Last updated: 28 May 2019.
What's hot:
2018 Mozo Experts Choice winner
No service or exit fees
Free extra repayments
What's not:
$98 application fee
No redraw
Mozo snapshot:
If you’re after an award winning personal loan, then look no further than the Police Bank Personal Loan. Aside from taking home a 2018 Mozo Experts Choice Award for Unsecured Personal Loan and Excellent Credit Unsecured Personal Loan with it’s discounted offer, Police Bank are also taking home the title of Personal Loan Provider of the Year!
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 7.90% fixed rate (8.03% 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.
Who it's 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.
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 18 October 2019. 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
-
7.90% p.a. fixed
-
8.03% 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
Details
Rates and fees information correct as at 18 October 2019. 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
Details
Rates and fees information correct as at 18 October 2019. 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
-
no
-
none
-
none
Customer Reviews
How are Police Bank personal loans rated by the Mozo community?
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.
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