based on $20,000 loan amount for 3 years
- No ongoing fees
- No early repayment fees
- Can apply online
- Redraw facility available
- Application fee charged
- Cannot apply in branch
Early Exit Penalty Fee
Missed Payment Penalty
Redraw Activation Fee
Available to 457 Visa Holders
Line Of Credit
$1k - $100m
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Police Bank is a member-owned mutual bank offering financial products and services to the NSW Police Force, Australian Federal Police and the wider police community.
Police Bank’s Australian membership has grown to over 75,000 members since its humble beginnings in 1964 when it had only 60 members.
Police Bank has a limited number of branches for its members to visit, all of which are located in the southeast region of Australia.
It can be hard to improve your credit score, as it usually requires sacrifice and discipline, but hard doesn’t necessarily mean complicated. Some simple ways you can give your credit score a boost include closing extra credit cards, reducing your credit card limit, pay off any loans and make loan repayments on time.
As a general rule, the lower your credit score, the more remedies you can apply and the greater the scope for improvement.
Some lenders will consider personal loan applications from a borrower with bad credit if the borrower has a family member with good credit willing to guarantee the loan (a guarantor).
If the borrower fails to pay back their personal loan, it will be their guarantor’s responsibility to cover the repayments.
Personal loans may require a borrower to provide proof of identity, proof of residence, details of any other outstanding loans (including credit cards), details of assets they own (e.g. savings, car, property), and proof of income.
While borrowers in full-time or part-time employment can often provide payslips and similar documents to prove their income, self-employed borrowers may need to provide other documents, such as bank statements or tax returns, to demonstrate that th