Police Value Variable Rate Investment Loan
- Last updated on 10 Apr 2020
Discount Variable Home Loan
Make the move to UBank's award winning home loan
2.59%
Variable
2.59%
Owner Occupier Discounted Variable Rate
3.34%
Variable
3.42%
$1,100
based on $300,000 loan amount for 25 years
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
Maximum LVR 80% | Interest rate structure Variable |
Borrowing range $50k - $5m | Total Repayments $396,000 |
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 | |
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 |
Only available for police officers
Compare and review home loans with similar features
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.
