Police Bank Police Value Variable Rate Investment Loan | Review & Compare Home Loans

Summary
Features & fees
Similar

Advertised Rate

3.34%

Variable

Comparison Rate*

3.42%

Maximum LVR

80%

Real Time Rating™

2.89 / 5

ly Repayment

$1,100

based on $300,000 loan amount for 25 years

Pros and Cons

Pros

No ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

Cons

Discharge fee at end of loan
Repayments may increase if RBA raises rates

Police Bank Fees and Features

Maximum LVR 80%	Interest rate structure Variable
Borrowing range $50k - $5m Calculate how much you can borrow	Total Repayments $396,000 View repayment schedule »
Principal & interest	Interest only
Loan term range 1 - 30 years	Offset account Partial offset account
Extra repayments Unlimited extra repayments	Redraw facility Redraw fee: $0
Allows split interest	Suitable For Investors
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA	Make Repayments Fortnightly, Monthly, Weekly
Estimated upfront fees $545	Application fee $545
Settlement fee $0	Valuation fee $0
Legal fee $0	Ongoing fee $0
Discharge fee $294	Property Type
SMSF Trustee	Minimum SMSF Amount

Other Restrictions

Only available for police officers

Compare and review home loans with similar features

Lower Rate

Discount Offer for Investor Variable P&I Rate

Real Time Rating™

2.98 / 5

Advertised Rate

Comparison Rate*

3.24%

Variable

3.24%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

View Now

More Flexibility

Inv UHomeLoan Fixed (Principal and Interest) 5 Years

Real Time Rating™

2.36 / 5

Advertised Rate

Comparison Rate*

3.24%

Fixed - 5 years

3.61%

No upfront or ongoing fees
Repayments will not change during fixed period

View Now

Major Banks

Wealth Package Fixed Rate Home Loan (Principal and Interest) 1 Year

Real Time Rating™

2.22 / 5

Advertised Rate

Comparison Rate*

2.29%

Fixed - 1 year

4.13%

Cashback

$2,000 cashback for refinances of eligible home loans to CommBank

Enquire Now

Generic

Premium Select Investment Loan (Principal and Interest) (Special) (LVR < 80%)

Real Time Rating™

3.25 / 5

Advertised Rate

Comparison Rate*

3.34%

Variable

3.36%

No ongoing fees
100% full offset account
Extra repayments + redraw services
Comes with a credit card

Enquire Now

Police Bank is an Australian member-owned mutual bank that was formed in 1964 as the Police Credit Union. It was renamed Police Bank Limited in 2012.

The bank is based in Sydney, with service centres throughout NSW and the ACT. It provides financial products and services to those working in the police and enforcement services, as well as their families. These range from home and personal loans, savings account, credit cards, insurance as well as financial planning and investment advice.

Police Bank has won a number of awards, including Money magazine’s Best First Home Saver Account in 2014.

Police Bank Home Loan Calculator
Interested in an Police Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Police Bank compares to its competitors. Simply plug in your borrowing amount below.

View All >