First Home Loan

General Lending Rates

Product Variations

Product Features

• Redraw Additional Information: Fee Free redraw

• Extra Repayments Additional Information: Unlimited free additional repayments - Up to $9,999 per calendar year for the fixed term

• Offset Additional Information: Not Available for Fixed Loans or Interest Only

• Other Additional Information: Confirmation Of Payee

• Other Additional Information: Split loan

Product Eligibility

• Other Additional Information: Must be eligible for the First Home Loan Deposit Scheme

• Min Age - 18.

• Residency Status - Australian Citizen.

• Natural Person

Bank Fees and Charges

• Independent Legal Advice/interpreter Service (Event), Amount: Not Listed.. Additional Information: At Cost. You may be advised to seek independent legal advice or interpreter services. If so, you will be charged a fee by the service provider.

• Substituting Securities Fee (Event), Amount: Not Listed.. Additional Information: Payable to us when you substitute an existing property with a new property as security for your home loan.

• Future Legal Costs And Disbursements Relating To Any Variations, Dealings, Discharges (Event), Amount: Not Listed.. Additional Information: At Cost. Payable to our solicitors when we incur costs in the enforcement of your contract. The costs may include court costs, legal costs, repossession costs and administrative costs.

• Establishment Fee (Upfront), Amount: Not Listed..

• Insurance (Event), Amount: Not Listed.. Additional Information: At Cost. Insurance requirements may vary from applicant to applicant. Any compulsory insurance requirements will be advised on application. For example, you may be required to pay for Lenders Mortgage Insurance; and must pay mortgage property and Motor Vehicle Insurance.

• Other Government Duties & Taxes (Event), Amount: Not Listed.. Additional Information: At Cost. Any applicable Government Taxes, Duties and Fees will be passed on to you.

• Additional Statement Fee (Other), Amount: Not Listed.. Additional Information: $5.00 + $1.50 per page, payable when you request an additional statement.

• Second Mortgage Consent Fee (Upfront), Amount: Not Listed.. Additional Information: Payable when you ask us to consent to a second mortgage

• Default Notice Fee (Event), Amount: Not Listed.. Additional Information: Payable when we send you a default notice under a loan contract when an arrears remains unremedied after we have sent you an arrears letter.

• Pest & Building Inspections Fees (Event), Amount: Not Listed.. Additional Information: At Cost. Payable to inspectors if we require a pest or building inspection.

• Substituting Of Security Legal Fee (Event), Amount: Not Listed.. Additional Information: Payable to us when you substitute an existing property with a new property as security for your home loan.

• Stamp Duty Increase Fee (Event), Amount: Not Listed.. Additional Information: At Cost. Payable at the rate charged by the Office of State Revenue or its interstate counterparts when topping up an existing loan where the original stamp duty is not sufficient; when payable by law.

• Arrears Letter Fee (Event), Amount: Not Listed.. Additional Information: Payable when we send you an arrears letter asking you to remedy an arrears under a loan contract.

• Issue Of Statutory Default Notice Legal Fees (Dishonour), Amount: Not Listed..

• Third Party Costs (Other), Amount: Not Listed.. Additional Information: Any other costs charged to us by a third party will be passed on to you. Some examples are as follows: • Title Change Fee • Land and Property Information Search Fees • Land and Property Information Registration Fees

• Ppsr Fees (personal Properties Security Register) (Event), Amount: Not Listed.. Additional Information: At Cost. Certain loans will require us to use the services of PPSR. If we do so, the following may be payable; PPSR Registration Fee, PPSR Financier Interest Enquiry and PPSR Variation of Interest.

• Production Of Title Fee (Event), Amount: Not Listed.. Additional Information: Payable to our solicitors when you ask us to produce the certificate of title of your property to enable registration of a plan or any document dealing with your property

• Rtgs Transfer Fee (Upfront), Amount: Not Listed.. Additional Information: Payable when we are required to transfer settlement funds to an agent on behalf of our Solicitor.

• Other Legal/ Solicitors Fees (Event), Amount: Not Listed.. Additional Information: At Cost. Payable to our solicitors when you ask us to take any action in respect of the loan or your property and we incur legal fees.

• Excess Valuation Fee (Event), Amount: Not Listed.. Additional Information: At Cost. Payable if and when the costs of valuing your security property/ies exceeds $300 in aggregate over the term of the loan. Calculated as an amount of the excess.

• Late Payment Fee (Late Payment), Amount: Not Listed.. Additional Information: Charged where the whole or any part of your loan repayment remains unpaid after 14 days past the due date. Applies to all Police Bank loans and continuing credit accounts

• Fixed Rate Lock Fee (Event), Amount: Not Listed..

• General Consent Fee (Event), Amount: Not Listed.. Additional Information: Payable when you ask for our consent to any matter relating to a loan contract or security (other than a matter for which a separate fee is payable).

• Additional Valuation Fee (Event), Amount: Not Listed.. Additional Information: At Cost. Payable to our valuer if more than one security is required for your loan and/or when application is made for additional finance and/or altering the title of the property or the property itself and Police Bank Loan policy dictates that a subsequent valuation is required.

• Monthly Product Split Fee (Periodic), Amount: Not Listed.. Additional Information: $7 per additional product per month during the period of the split, debited to the account for the other product each month.

• Consent To Subdivision Fee (Event), Amount: Not Listed.. Additional Information: Payable when you ask for our consent to register a subdivision or other plan or dealing.

• Legal/securities Fees (Event), Amount: Not Listed.. Additional Information: At Cost.

• Early Repayment Fee (Other), Amount: Not Listed.. Additional Information: Early Repayment Fee payable, if, during any fixed rate period, you: (a) repay the whole of your unpaid balance (full early repayment); (b) pay $5000 or more in repayments above the contractual repayments (partial early repayment); or (c) become obliged to repay the whole loan after you have defaulted (full early repayment) and the fixed rate that applied to the loan is more than the prevailing market interest rate at the time of the early repayment, as determined by us in our absolute discretion.

• Mortgage Discharge Fee (Exit), Amount: Not Listed.. Additional Information: Payable when you ask us to prepare a discharge of mortgage. Note: This fee does not include registration costs for the land titles office

• Stamp Duty (Event), Amount: Not Listed.. Additional Information: At Cost. Payable at the rate charged by the Office of State Revenue or its interstate counterparts when payable by law.

• Mortgage Loan Top Up / Increase In Credit Limit Fee (Event), Amount: Not Listed..

 Limitations & Restrictions (Constraints)

• Min Limit of 50000.00

• Max Lvr of 0.98

Document Downloads

  bbl28-first-home-loan-tmd.pdf (219.8 KB)