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Goldrate Home Loan

  • Cashback
  • Owner Occupied
  • Fixed 3 years
  • 40% min deposit
  • P&I
Cashback

Refinance your eligible home loan to get $2,000 cashback

  ~ Ends in about 1 month

To be eligible for the Police Bank cashback offer, applicants must be refinancing an existing Owner Occupied home loan of $300,000 or more from another financial institution (excluding Border Bank and Bank of Heritage Isle) with a salary credited directly to a Border Bank account. Only applicable for 2- or 3-year fixed rate home loans. The offer is only available to applicants who apply and are approved from 18/03/2024- 30/6/2024. Eligible loans must settle within 90 days of application.

Interest rate p.a.

5.79%

Comparison rate* p.a.

6.26%

Goldrate Home Loan

  • Cashback
  • Owner Occupied
  • Fixed 3 years
  • 40% min deposit
  • P&I

Interest rate p.a.

5.79%

Comparison rate* p.a.

6.26%

Police Bank Fixed - 3 years Rate Home Loan overview

For Goldrate Home Loan Fixed (Principal and Interest) 3 Years (LVR < 60%)

Principal & Interest (P&I)

Loan type

Loan to value ratio

Interest rate

Comparison rate

Fixed - 3 years

Up to 60%

5.79% p.a

6.26% p.a

Product info

Fixed - 3 years

Up to 80%

5.79% p.a

6.33% p.a

Product info

Fixed - 2 years

Up to 60%

5.99% p.a

6.35% p.a

Product info

Variable

Up to 60%

6.34% p.a

6.42% p.a

Product info

Fixed - 1 year

Up to 60%

6.39% p.a

6.42% p.a

Product info

Fixed - 2 years

Up to 80%

5.99% p.a

6.43% p.a

Product info

Variable

Up to 80%

6.44% p.a

6.52% p.a

Product info

Fixed - 1 year

Up to 80%

6.44% p.a

6.52% p.a

Product info

Interest only

Loan type

Loan to value ratio

Interest rate

Comparison rate

Fixed - 1 year

Up to 60%

6.59% p.a

6.44% p.a

Product info

Variable

Up to 60%

6.64% p.a

6.54% p.a

Product info

Details

Maximum LVR

60%

Total repayments
Interest rate type

Fixed - 3 years

Borrowing range

$50k - $2m

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Repayment type

Principal and Interest

Applicable states

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

Repayment options

Fortnightly, Monthly, Weekly

Target Market Determination

Visit Police Bank to view Target Market Determination.

Features

Extra repayments

Allowed with restrictions

Redraw facility

Redraw fee: $0

Offset account

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$600

Application fee

$600

Legal fee

$0

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$0

Discharge fee

$150

Pros and Cons

For Goldrate Home Loan

Benefits

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

Drawbacks

  • Limited extra repayments
  • No offset account
  • Loan reverts to higher rate after fixed period
  • 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 loans

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