Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$3,097
based on $500,000 loan amount for 25 years at 5.59%
Pros and cons
For First Home Loan (Principal and Interest) (LVR < 90%)
Benefits
- Interest rates ranked in the best 20%
- No ongoing fees
- 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 < 90%)
Details
Maximum LVR 90% | Total Repayments $929,211 |
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 | |
Target Market Determination Visit Police Bank to view Target Market Determination. |
Features
Extra repayments Unlimited extra repayments | Redraw facility Redraw fee: $0 |
Offset account Partial offset account | 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.