Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$3,127
based on $500,000 loan amount for 25 years at 5.69%
Pros and cons
For First Home Loan Fixed (Principal and Interest) 2 Years (LVR < 90%)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- Split account option
Drawbacks
- Limited extra repayments
- No redraw and no offset
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- No repayment holidays
Police Bank Fixed - 2 years Rate Home loan overview
For First Home Loan Fixed (Principal and Interest) 2 Years (LVR < 90%)
Details
Maximum LVR Less than 90% | Total Repayments $929,932 |
Interest rate type Fixed - 2 years | |
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 | |
Target Market Determination Visit Police Bank to view Target Market Determination. |
Features
Extra repayments Yes - limited to $10000 | Redraw facility |
Offset account No | Split interest facility |
Loan portable | 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 At Cost | Valuation fee $0 |
Settlement fee $0 | Other upfront fee $0 |
Ongoing fee $0 | Discharge fee $294 |
Other Restrictions
Early exit fee may apply.