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.

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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
More details

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
More details

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 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.

How much information is required to get a rating?

You don’t need to input any information to see the default ratings. But the more you tell us, the more relevant the ratings will become to you. We take your personal privacy seriously. If you are concerned about inputting your information, please read our privacy policy.

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.

What do mortgage brokers do?

Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders.

While bank staff recommend home loan products only from their own employer, brokers are independent, so they can recommend products from a range of institutions.

Brokers need to be accredited with a particular lender to be able to work with that lender. A typical broker will be accredited with anywhere from 10 to 30 lenders – the big four banks, as well as a range of smaller banks, credit unions and non-bank lenders.

As a general rule, brokers don’t charge consumers for their services; instead, they receive commissions from lenders whenever they place a borrower with that institution.

What is a building in course of erection loan?

Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

What is bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

Mortgage Calculator, Loan Amount

How much you intend to borrow. 

Mortgage Calculator, Loan Term

How long you wish to take to pay off your loan. 

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

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.

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.

How does a redraw facility work?

A redraw facility attached to your loan allows you to borrow back any additional repayments that you have already paid on your loan. This can be a beneficial feature because, by paying down the principal with additional repayments, you will be charged less interest. However you will still be able to access the extra money when needed.