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I want…
Save more with our variable home loan 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.
Interested in investing?
*Based on an LVR up to 60% for our Police Value Investment Loan (principal & interest)
Police Value
Our best value loan — for current and retired employees of an Australian Police Force.
Based on up to 60% LVR and owner occupied
Goldrate
If you’re a friend or family member of a Police employee, enjoy our Goldrate option.
Based on up to 60% LVR and owner occupied
First Home Loan
If you qualify for Housing Australia, we’ll help you get into your first home with as little as 5% deposit.
Based on up to 95% LVR and owner occupied
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
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 LoanReady to apply for a Home Loan?
Apply NowImportant 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