Police Credit Union home loan repayment calculator

Thinking about taking out a home loan with Police Credit Union? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Police Credit Union home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.69 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Police Credit Union home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.69%

Variable

$625

2.74%

$0
Police Credit Union
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2.69%

Variable

$625

2.74%

$0
Police Credit Union
More details

2.69%

Variable

$625

2.74%

$0
Police Credit Union
More details

2.99%

Variable

$625

3.02%

$0
Police Credit Union
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2.99%

Variable

$625

3.02%

$0
Police Credit Union
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2.99%

Variable

$625

3.04%

$0
Police Credit Union
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2.09%

Fixed - 3 years

$625

3.39%

$0
Police Credit Union
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2.09%

Fixed - 3 years

$625

3.39%

$0
Police Credit Union
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2.39%

Fixed - 3 years

$625

3.47%

$0
Police Credit Union
More details

2.39%

Fixed - 3 years

$625

3.47%

$0
Police Credit Union
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2.99%

Fixed - 5 years

$625

3.51%

$0
Police Credit Union
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2.99%

Fixed - 5 years

$625

3.51%

$0
Police Credit Union
More details

2.99%

Fixed - 5 years

$625

3.51%

$0
Police Credit Union
More details

2.99%

Fixed - 5 years

$625

3.51%

$0
Police Credit Union
More details

2.89%

Fixed - 4 years

$625

3.53%

$0
Police Credit Union
More details

2.89%

Fixed - 4 years

$625

3.53%

$0
Police Credit Union
More details

2.89%

Fixed - 4 years

$625

3.53%

$0
Police Credit Union
More details

2.89%

Fixed - 4 years

$625

3.53%

$0
Police Credit Union
More details

2.19%

Fixed - 2 years

$625

3.54%

$0
Police Credit Union
More details

2.19%

Fixed - 2 years

$625

3.54%

$0
Police Credit Union
More details

2.39%

Fixed - 2 years

$625

3.57%

$0
Police Credit Union
More details

2.39%

Fixed - 2 years

$625

3.57%

$0
Police Credit Union
More details

2.99%

Fixed - 5 years

$625

3.59%

$0
Police Credit Union
More details

2.59%

Fixed - 3 years

$625

3.61%

$0
Police Credit Union
More details

2.89%

Fixed - 4 years

$625

3.61%

$0
Police Credit Union
More details

2.19%

Fixed - 1 year

$625

3.67%

$0
Police Credit Union
More details

2.19%

Fixed - 1 year

$625

3.67%

$0
Police Credit Union
More details

2.59%

Fixed - 2 years

$625

3.67%

$0
Police Credit Union
More details

2.39%

Fixed - 1 year

$625

3.69%

$0
Police Credit Union
More details

2.39%

Fixed - 1 year

$625

3.69%

$0
Police Credit Union
More details

2.59%

Fixed - 1 year

$625

3.74%

$0
Police Credit Union
More details

3.99%

Variable

$625

4.04%

$0
Police Credit Union
More details

4.49%

Variable

$625

4.52%

$0
Police Credit Union
More details

4.49%

Variable

$625

4.54%

$0
Police Credit Union
More details

Learn more about Police Credit Union

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

What is a fixed home loan?

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

Does Real Time Ratings' work for people who already have a home loan?

Yes. If you already have a mortgage you can use Real Time RatingsTM to compare your loan against the rest of the market. And if your rate changes, you can come back and check whether your loan is still competitive. If it isn’t, you’ll get the ammunition you need to negotiate a rate cut with your lender, or the resources to help you switch to a better lender.

What is the average annual percentage rate?

Also known as the comparison rate, or sometimes the ‘true rate’ of a loan, the average annual percentage rate (AAPR) is used to indicate the overall cost of a loan after considering all the fees, charges and other factors, such as introductory offers and honeymoon rates.

The AAPR is calculated based on a standardised loan amount and loan term, and doesn’t include any extra non-standard charges.

Mortgage Balance

The amount you currently owe your mortgage lender. If you are not sure, enter your best estimate.

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

What is a valuation and valuation fee?

A valuation is an assessment of what your home is worth, calculated by a professional valuer. A valuation report is typically required whenever a property is bought, sold or refinanced. The valuation fee is paid to cover the cost of preparing a valuation report.

Mortgage Calculator, Interest Rate

The percentage of the loan amount you will be charged by your lender to borrow. 

What is the amortisation period?

Popularly known as the loan term, the amortisation period is the time over which the borrower must pay back both the loan’s principal and interest. It is usually determined during the application approval process.

What is appraised value?

An estimation of a property’s value before beginning the mortgage approval process. An appraiser (or valuer) is an expert who estimates the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan.

Monthly Repayment

Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.