8.2 / 10

based on 158 reviews as rated by Mozo community

Police Credit Union personal loans

In the market for a personal loan? Well then, why not take a look at what’s on offer from Police Credit Union.

There are a range of personal loans to choose from, so whether you’re buying a new car, taking a holiday, getting stuck into some renovations or consolidating your existing debt, there’s an option to suit your needs. And don’t let them name fool you - anyone can take out a personal loan with Police Credit Union, not just members of the police force.

Plus, Police Credit Union also took home multiple 2021 Mozo Experts Choice Awards for Best Car Loan and Best Green Personal Loan. Check out the details of these award winning personal loans and more below.

Police Credit Union offers the following personal loans

Rates and fees verified as correct at 09 March, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Better Car Loan (Fixed, Secured)

6.69% p.a.

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

$195

Better Car Loan (Special Offer, Fixed, Secured)

3.99% p.a.

4.26% p.a.based on $30,000
over 5 years

$195

Better Car Loan (Variable, Secured)

6.99% p.a.

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

$195

Debt Consolidation Loan (Fixed, Unsecured)

12.90% p.a.

13.19% p.a.based on $30,000
over 5 years

$195

Debt Consolidation Loan (Fixed, Unsecured)

11.90% p.a.

13.25% p.a.based on $10,000
over 3 years

$195

Fixed Rate Car Loan (Secured)

6.69% p.a.

6.96% p.a.based on $10,000
over 3 years

$195

Fixed Rate Car Loan (Secured)

4.69% p.a.

4.96% p.a.based on $30,000
over 5 years

$195

Low Rate Car Loan (Secured, Variable)

4.69% p.a.

4.96% p.a.based on $30,000
over 5 years

$195

Personal Loan (Fixed, Unsecured)

6.90% p.a.

7.17% p.a.based on $30,000
over 5 years

$195

Personal Loan (Fixed, Unsecured)

9.90% p.a.

11.26% p.a.based on $10,000
over 3 years

$195

Solar Eco Loan (Green, Variable, Unsecured)

4.69% p.a.

4.69% p.a.based on $30,000
over 5 years

$0

What personal loans does Police Credit Union offer? 

Unsecured Personal Loan 

Police Credit Union offer a fixed interest rate unsecured personal loan option. Which could be perfect for customers not looking to put assets against the loan as collateral and want the security of a fixed rate. There is also a range of loan amounts (anywhere from $20,000) and loan terms (between 1 and 7 years) to choose from. 

When it comes to repaying what's been borrowed there is also plenty of choice. Police Credit Union offers weekly, fortnightly and monthly repayments as well as the option to make free extra repayments and redraws. Just bear in mind though, there is an early repayment cost if the loan is repaid in the first three years of the loan (if a loan term is over three years long). There is also an upfront application cost to budget for as well. 

Car Loan 

There are a few options Police Credit Union offers in the car loan space. On the one hand, there is a fixed rate loan, where your repayments will be the same for the life of the loan. You can borrow anywhere between $5,000 and $19,999 for 1 to 5 years. On the flip side, there is also a variable rate option. This is where if market interest rates go down during your loan term, you could  benefit from lower repayments. Plus, with this loan you can borrow anywhere above $20,000 and choose a loan term from 1 to 7 years. 

Both Police Credit Union car loans offer a weekly, fortnightly or monthly repayment schedule, in addition to free extra repayments and a redraw facility. While there is no early repayment penalty attached to the variable rate loan, if you go with the fixed option you will have to fork out this cost if the loan is paid back in the first three years (if the loan term is longer than three years).

It's important to note that both come with an upfront application fee, although the good news is that there are no ongoing service fees to worry about. 

Green Loan 

Purchasing solar energy products and need a loan? How about one that's completely fee-free? The Police Credit Union Solar Eco Loan may be what you need. This unsecured loan is designed to fund the purchase of things like solar photovoltaic panels, home battery systems and solar water heaters. It comes with a low variable rate and allows customers to borrow upwards of $5,000 and choose a loan term from 1 to 7 years.  

Like the above-mentioned loan products, there is the option to make weekly, fortnightly or monthly repayments as well as access to free extra repayments and a redraw facility. But what sets this loan apart is that there are absolutely no fees! You won't pay a cent in upfront, ongoing or exit fees - nothing at all. 

Debt Consolidation Loan 

Police Credit Union also offer a debt consolidation personal loan product. A debt consolidation loan is a strategy for combining other loans and even credit card debt into one easy to manage loan. That way, you’ve only got one interest rate and one set of repayments to manage each month. 

This loan comes with a fixed interest rate, so you’ll know your exact monthly repayment amount and you can plan to pay off your debt effectively over the loan term. Like the other loans on offer there are plenty of loan amount, loan term and repayment options, as well as extra features like free extra repayments and a redraw facility. 

Police Credit Union personal loan features at a glance

How do you apply for a Police Credit Union personal loan? 

There are a few ways to apply for a personal loan with Police Credit Union. You can apply online, over the phone, in branch, via email, via Fax or through the post. 

When applying for the loan you will need the following info: 

How are Police Credit Union personal loans rated?

Mozo users have rated Police Credit Union personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
Police Credit Union personal loans
Overall
7.5/10
Price
Features
Customer service
Convenience
Trust

10 Reviews

Recent Police Credit Union personal loan reviews

Police Credit Union Personal Loan review
Overall 9/10
Friendly staff. Attentive and approachable. Great

Terrific service and staff. Loan was hassle free and my bank took care of the majority of paperwork.

Read full review

Terrific service and staff. Loan was hassle free and my bank took care of the majority of paperwork.

Price
9/10
Features
9/10
Customer service
10/10
Convenience
7/10
Trust
10/10
Less
Rob, New South Wales, reviewed about 5 years ago
Police Credit Union Personal Loan review
Overall 10/10
Second to none customer service

From the day we went to this bank for help to reconsolidate our debt we were met with a bank manager who bent over backwards to find a product that worked for us. We got an interest rate that I have never seen as good anywhere else in the 3 years we have had it. Every time we had a question we could easily get in touch and received a fast response. We felt like the manager "knew us" and would ask after our children or health. Cannot recommend them highly enough.

Read full review

From the day we went to this bank for help to reconsolidate our debt we were met with a bank manager who bent over backwards to find a product that worked for us. We got an interest rate that I have never seen as good anywhere else in the 3 years we have had it. Every time we had a question we could easily get in touch and received a fast response. We felt like the manager "knew us" and would ask after our children or health. Cannot recommend them highly enough.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Erin, South Australia, reviewed over 5 years ago
Police Credit Union Personal Loan review
Overall 8/10
I have always banked with PCU, total confidence

I have always banked with PCU. I have total confidence in their products and advice.

Read full review

I have always banked with PCU. I have total confidence in their products and advice.

Price
7/10
Features
7/10
Customer service
8/10
Convenience
3/10
Trust
8/10
Less
Victoria, , reviewed almost 7 years ago
Police Credit Union Personal Loan review
Overall 10/10
Fantasic rates, top customer service, flexible

We had the BEST customer service by Karen at the Marion Branch SA. Every person we spoke to on the phone there was extremely helpful and always followed up on requests. If information couldnt be given to us straight away they would still call us to let us know they were chasing it up still. The rates were MUCH lower than anywhere else and for people like us who were struggling it was great that we could use our car as partial security as they recognised giving us the loan would put us in a better position financially. No other bank seemed to understand that. We will consider moving our home loan over when it is out of a fixed rate.

Read full review

We had the BEST customer service by Karen at the Marion Branch SA. Every person we spoke to on the phone there was extremely helpful and always followed up on requests. If information couldnt be given to us straight away they would still call us to let us know they were chasing it up still. The rates were MUCH lower than anywhere else and for people like us who were struggling it was great that we could use our car as partial security as they recognised giving us the loan would put us in a better position financially. No other bank seemed to understand that. We will consider moving our home loan over when it is out of a fixed rate.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Warren, South Australia, reviewed over 7 years ago

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