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Police Bank

Police Value Home Loan

Interest Rate

5.69

% p.a

Fixed - 5 years

Comparison Rate*

4.70

% p.a

Maximum LVR
90%
Real Time Rating™

3.45

/ 5
Monthly Repayment

$1,423

based on $300,000 loan amount for 25 years at 5.69%

Interest Rate

5.69

% p.a

Fixed - 5 years

Comparison Rate*

4.70

% p.a

Maximum LVR
90%
Real Time Rating™

3.45

/ 5
Monthly Repayment

$1,423

based on $300,000 loan amount for 25 years at 5.69%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,423

based on $300,000 loan amount for 25 years at 5.69%

Quick home loan review

For Police Value Fixed Rate Investment Loan 5 Years (Interest Only) (LVR > 80%)

These are the benefits of this home loan.

  • No ongoing fees
  • Split account option

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No redraw and no offset
  • Higher than average interest rate
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Police Value Fixed Rate Investment Loan 5 Years (Interest Only) (LVR > 80%)

Details

Maximum LVR

90%

Total Repayments

Next LVR

Interest rate type

Fixed - 5 years

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

Yes - limited to $5000

Redraw facility

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

Early exit fee may apply.

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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 90 percent, which means it requires a minimum deposit of 10 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?

No, this loan doesn't come with a redraw facility.

How do you apply for this loan?

To apply for this loan, please contact Police Bank.