Home Loans

We’re here to help you financially, whatever your goals

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How can we help you today?

I want…

A New Home Loan
A First Home
To Refinance
An Investment Loan
Free Property Report

Save more with our variable home loan rate

6.24
%
PA
Variable rate *
6.32
%
PA
Comparison rate *

*Based on an LVR up to 60% and owner occupied

Because we’re focused on you, not shareholders, we can give you a lower rate with our Police Value Home Loan. Lower interest means you pay off your loan faster. Plus, you can get your foot in the door from as little as 5% deposit if it’s your own home.

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Interested in investing?

6.54
%
PA
Variable rate *
6.62
%
PA
Comparison rate *

*Based on an LVR up to 60% for our Police Value Investment Loan (principal & interest)

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Police Value

Our best value loan — for current and retired employees of an Australian Police Force.

6.24
%
pa
Variable rate *
6.32
%
pa
Comparison rate *

Based on up to 60% LVR and owner occupied

Apply Now

Goldrate

If you’re a friend or family member of a Police employee, enjoy our Goldrate option.

6.34
%
pa
Variable rate *
6.42
%
pa
Comparison rate *

Based on up to 60% LVR and owner occupied

Apply Now

First Home Loan

If you qualify for Housing Australia, we’ll help you get into your first home with as little as 5% deposit.

5.84
%
pa
Variable rate *
5.92
%
pa
Comparison rate *

Based on up to 95% LVR and owner occupied

Refer to Housing Australia

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Benefits

  • Get a loan with as little as 5% deposit if it’s your own home
  • Able to split home loan into variable and fixed option
  • Make additional repayments at no extra cost
  • Repayment frequency options – weekly, fortnightly, monthly
  • Offset is available on a variable home loan only

Costs

  • No monthly account keeping fee
  • No annual fee
  • An establishment fee is applicable, and there are other fees associated when buying a home. This information can be found here.

Conditions

  • Lenders Mortgage Insurance will apply with deposits less than 20%
  • For Owner Occupiers, not investors
  • Interest Only is available

Key Fact Sheets

Free Property Report

Access your two free downloadable property reports for when you’re looking to buy, sell or want an overall property snapshot.

Get My Free Property Report

THE BENEFITS

Why choose a Police Bank home loan?

We’re Police friendly

The Police Bank is the only bank that’s 100% dedicated to Police. We’re proud of our members and do everything we can to make your banking as easy as possible.

We’re all about you

Our bank is Member-owned — that means we only answer to you, our Members. All profits are returned to Members in the form of better rates, products and services.

We offer the best deals

If you’re a serving or retired employee of an Australian Police Force, you’ll never find a better bank. We make sure your banking is as good as it gets.

We’re award-winning

Money Magazine Awards:

2021 – Customer Owned Bank Investment Lender of the Year 

2020 –  Investment Lender of the Year 

2018 –  Cheapest Personal Loan

Ready to apply for a Home Loan?

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Important Information

Effective for new business at 20 January 2023. Terms and conditions apply and are available on request. Fees, charges and lending criteria apply. A Financial Services Guide (FSG) is available at all Branches, on our website and upon request. Unless stated, all comparison rates are based on principal and interest repayments. for more information on interest only comparison rates, please contact us.

*The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

^Lenders Mortgage Insurance (LMI) required for Loans with LVR^ greater than 80%, with the exception of the First Home Loan. If you decide to repay your home loan, refinance or switch to another lender within the first year, then you may be eligible for a partial refund of your LMI payment.

#An early repayment fee may apply on the fixed rate portion of any loan.

~ Interest Offset Account is not available on Interest Only or Fixed Loans.

Home Loan Terms & Conditions

1. The First Home Loan is only available for applicants that qualify for the First Home Loan Deposit Scheme. Interest Only is only applicable for Construction purposes.

2. Minimum loan amount is $50,000. Existing Police Bank borrowers must borrow minimum $50,000 additional funds to be eligible.

3. Not available for investment purposes or for refinancing of existing Police Bank loans.

4. Police Value Home Loan is only available to Current and Retired Employees of an Australian Police Force or Police organisation uniformed or civilian

5. Split Home Loan Offer Terms & Conditions

More Information