Police Credit Union
Standard Home Loan
7.49%
Interest rate
7.55%
Comparison rate
Ratings
LVR options
LVR is an acronym for Loan-To-Value Ratio. The LVR is the amount you are borrowing against the property value being used as security, represented as a percentage.
Police Credit Union Standard Home Loan does not offer tier pricing for lower LVR. With Standard Home Loan, you can borrow upto $90% LVR.
90%
LVR
Police Credit Union
Repayment options
Interest only loans have traditionally been tailored to investors so they can reduce their mortgage repayments and maximise their tax benefits and overall return on investment (ROI). However, getting home loan with interest only (IO) has its place and some lenders are willing to consider your application if you can provide valid reasons.
Interest only repayment option is not available with Police Credit Union Standard Home Loan for first home buyer.
Paying pricinpal and interest
Police Credit Union
Q&As
Does Police Credit Union Standard Home Loan comes with an offset account?
Yes, Standard Home Loan comes with a 100% offset account.
A 100% offset account is an account linked to your home loan where you can park your savings and spare cash to reduce the interest you pay. Then, when interest is calculated on your home loan, the balance in your offset account is deducted from the loan amount owing, and interest is only charged on what remains.
What are the costs to apply for Police Credit Union Standard Home Loan?
There is upfront costs of $821.64 to apply for Standard Home Loan, with no ongoing account keeping fees.
- Application fee: $420
- Valuation fee: $205
- Settlement fee: $141.64
- Document fee: $55
Are there costs when I exit or refinance to another lender?
Police Credit Union charge a discharge fee of $150, which covers the cost for removing the mortgage that has been registered on the title of your property.
IMPORTANT: Lenders change their policy from time to time so this information is current only accurate at the time that it was written. You should always check with Police Credit Union or a mortgage broker just to be sure. This information should be used as a guide only.