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Police Bank

Goldrate Home Loan

Interest Rate

3.99

% p.a

Variable

Comparison Rate*

4.07

% p.a

Maximum LVR
60%
Real Time Rating™

4.50

/ 5
Monthly Repayment

$1,582

based on $300,000 loan amount for 25 years at 3.99%

Interest Rate

3.99

% p.a

Variable

Comparison Rate*

4.07

% p.a

Maximum LVR
60%
Real Time Rating™

4.50

/ 5
Monthly Repayment

$1,582

based on $300,000 loan amount for 25 years at 3.99%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,582

based on $300,000 loan amount for 25 years at 3.99%

Quick home loan review

For Goldrate Investment Loan (LVR < 60%)

These are the benefits of this home loan.

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Higher than average upfront fee
  • Discharge fee at end of loan
  • Maximum loan amount is limited to 60% of the property's value
  • No repayment holidays

Home loan overview

For Goldrate Investment Loan (LVR < 60%)

Details

Maximum LVR

60%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Investors

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

Available
Not available
Data not captured
Specials
  • Cashback Get up to $4,000 cashback when you refinance
    Apply and have your application approved from 1st June 2022 until 30th September 2022, eligible loans must settle within 90 days of application. Loans greater than or equal to $300,000 and less than or equal to $499,999 are eligible for $1,500 cashback. Loans greater than or equal to $500,000 and less than or equal to $749,999 are eligible for $3,000 cashback. Loans greater than or equal to $750,000 are eligible for $4,000 cashback. Applicants must refinance an existing Owner Occupied or Investment Home Loan of $300,000 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 60 percent, which means it requires a minimum deposit of 40 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.