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- Home Loans
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- First Home Loan (Principal and Interest) (LVR < 90%)
First Home Loan
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
5.84%
Comparison rate* p.a.
5.92%
First Home Loan
- Owner Occupied
- Variable
- 5% min deposit
- P&I
Interest rate p.a.
5.84%
Comparison rate* p.a.
5.92%
Calculate your repayments for this loan
$
Your estimated repayment
$2,947
based on 500000 loan amount for 25 years at 5.84%
Monthly Repayment
$2,947
Total interest
$560,745
Total payments
$1,060,745
Start date
05-2024
End date
05-2049
$1,060,745
025 years
Principal owed
Total repayments owed
Interest owed
Pros and Cons
For First Home Loan
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Suitable for low deposits
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Police Bank Variable Rate Home Loan overview
For First Home Loan (Principal and Interest) (LVR 80%- 95%)
Details
Maximum LVR
95%
Total repayments
$1,060,745
Interest rate type
Variable
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
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Could be eligible for the Police Bank Reduced Fees Program.
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
$294
Other Restrictions
Early exit fee may apply.
