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Police Bank

Goldrate Home Loan

Advertised Rate

3.09

% p.a

Variable

Comparison Rate*

3.17

% p.a

Maximum LVR
95%
Real Time Rating™

1.76

/ 5
Monthly Repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

Advertised Rate

3.09

% p.a

Variable

Comparison Rate*

3.17

% p.a

Maximum LVR
95%
Real Time Rating™

1.76

/ 5
Monthly Repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,437

based on $300,000 loan amount for 25 years at 3.09%

Quick home loan review

For Goldrate Home Loan (Interest Only) (LVR 80%-95%)

These are the benefits of this home loan.

  • No ongoing fees
  • Suitable for low deposits
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • No offset account
  • Higher than average interest rate
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Goldrate Home Loan (Interest Only) (LVR 80%-95%)

TMD

Details

Maximum LVR

95%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

545

Application fee

545

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

294

Application method

Online

Phone

Broker

In branch

Specials
  • Cashback Refinance your home loan to Police Bank and receive $1500 cashback
    To be eligible for the Police Bank Cashback offer, applicants must refinance an existing Owner Occupied or Investment home loan of $250,000 or more from another financial institution to Police Bank.

Target Market Determination

Visit Police Bank to view Target Market Determination.

Other Benefits

Could be eligible for the Police Bank Reduced Fees Program.

Other Restrictions

To be eligible a Visa Credit Card and Online Supersaver Account is required.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $50k to $2,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 95 percent, which means it requires a minimum deposit of 5 percent

What's the maximum length for this loan?

Police Bank allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Police Bank allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $545 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

To apply for this loan, please contact Police Bank.