RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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Example Interest Rates: Home Loan Variable: 5.69% (5.89%*) • Home Loan Fixed: 5.48% (6.24%*) • Fixed: 5.48% (6.24%*) • Variable: 5.69% (5.89%*) • Investment IO: 5.74% (6.40%*) • Investment PI: 5.58% (6.62%*)

  First Home Loan

We’re proudly supporting the Government’s initiative to help Australians purchase their first home sooner. Police Bank will help you get into your first home with our low rates and great features.
Category: Home Loans  Last Updated March 26, 2024  Effective July 5, 2024

 General Lending Rates

Rates listed below are for a FIXED Owner Occupied P&I product. Additional Information Owner Occupied P&I LVR 80%-90% 3 Yr C1
Interest Rate
5.59% PA
Comparison Rate
5.85%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  OWNER_OCCUPIED, FIXED, 5.79%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.79%, Comparison Rate 5.91%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 6.29%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.29%, Comparison Rate 5.96%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 6.29%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.29%, Comparison Rate 5.96%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.79%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.79%, Comparison Rate 5.90%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.99%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.99%, Comparison Rate 5.95%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, VARIABLE, 5.84%
  • Lending Rate Type: Variable
  • Interest Rate: 5.84%, Comparison Rate 5.92%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 6.69%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.69%, Comparison Rate 6.29%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.79%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.79%, Comparison Rate 5.90%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 6.69%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.69%, Comparison Rate 6.29%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, VARIABLE, 5.84%
  • Lending Rate Type: Variable
  • Interest Rate: 5.84%, Comparison Rate 5.91%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.59%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.59%, Comparison Rate 5.85%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.79%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.79%, Comparison Rate 5.91%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.99%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.99%, Comparison Rate 5.94%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.59%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.59%, Comparison Rate 5.85%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 6.29%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.29%, Comparison Rate 5.96%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, VARIABLE, 5.84%
  • Lending Rate Type: Variable
  • Interest Rate: 5.84%, Comparison Rate 5.91%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 6.29%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.29%, Comparison Rate 5.96%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied

 Product Features

  • Offset Additional Information: Not Available for Fixed Loans or Interest Only
  • Other Additional Information: Up to $5,000 over the Fixed Term period
  • Redraw Additional Information: Fee Free redraw

 Product Eligibility

  • Natural Person
  • Min Age - 18.
  • Residency Status - Australian Citizen.
  • Other - First Home Loan Deposit Scheme. Additional Information: Must be eligible for the First Home Loan Deposit Scheme

 Bank Fees and Charges

  • Establishment Fee (Upfront), Amount: 600.00.
  • Additional Statement Fee (Event), Amount: 5.00. Additional Information: Payable when you request an additional statement
  • Additional Valuation Fee (Event), Amount: 0.00.
  • General Consent Fee (Event), Amount: 250.00. 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).
  • Legal/securities Fees (Upfront), Amount: 0.00.
  • Consent To Subdivision Fee (Event), Amount: 162.00. Additional Information: Payable when you ask for our consent to register a subdivision or other plan or dealing.
  • Stamp Duty (Upfront), Amount: 0.00.
  • Production Of Title Fee (Upfront), Amount: 110.00. 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
  • Excess Valuation Fee (Event), Amount: 0.00.
  • Dishonoured Cheque Fee (Event), Amount: 9.00.
  • Early Repayment Fee (Event), Amount: 0.00. 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: 294.00. 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
  • Bank Cheque (Event), Amount: 0.00.
  • Late Payment Fee (Event), Amount: 10.00. 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
  • Substituting Of Security Legal Fee (Upfront), Amount: 605.00. Additional Information: Payable to us when you substitute an existing property with a new property as security for your home loan.
  • Third Party Costs (Event), Amount: 0.00. 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
  • Rtgs Transfer Fee (Upfront), Amount: 10.50. Additional Information: Payable when we are required to transfer settlement funds to an agent on behalf of our Solicitor.
  • Default Notice Fee (Event), Amount: 21.50. 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.
  • Substituting Securities Fee (Upfront), Amount: 315.00. Additional Information: Payable to us when you substitute an existing property with a new property as security for your home loan.
  • Second Mortgage Consent Fee (Upfront), Amount: 75.00. Additional Information: Payable when you ask us to consent to a second mortgage
  • Dishonoured Member Cheque Fee (Periodic), Amount: 9.00.
  • Arrears Letter Fee (Event), Amount: 6.50. Additional Information: Payable when we send you an arrears letter asking you to remedy an arrears under a loan contract.

 Document Downloads

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