Police Bank home loans

Police Bank is an Australian member-owned mutual bank that was formed in 1964 as the Police Credit Union. It was renamed Police Bank Limited in 2012.

The bank is based in Sydney, with service centres throughout NSW and the ACT. It provides financial products and services to those working in the police and enforcement services, as well as their families. These range from home and personal loans, savings account, credit cards, insurance as well as financial planning and investment advice.

Police Bank has won a number of awards, including Money magazine’s Best First Home Saver Account in 2014.

Police Bank Home Loan Calculator
Interested in an Police Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Police Bank compares to its competitors. Simply plug in your borrowing amount below.

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Personal Finance Editor

Content updated

01 Aug, 2023

Product data updated

26 Nov, 2024

Why choose Police Bank

Benefits

Package and specialised loans available.
Flexible repayment features.
Discounted rates offered.

Drawbacks

Higher rates for investors.

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

Your estimated mortgage repayments

Total interest

Total repayments

How much can I borrow?

Compare home loans

All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.

Police Bank customer service

Customers can contact Police Bank in a variety of ways, including by email, online or in person at one of their local service centres. Customers can also contact the bank via a general customer phone line or via a direct line for loans and insurance.

Customer service centre (phone)
Mobile app
Online banking
Email
Branch
Live chat
Mobile banking staff

How to Apply

Potential customers at Police Bank can apply for a home loan in a number of ways. These include an online application or enquiry form, or speak to a home loan specialist via a dedicated phone line. Customers also have the option of applying in person at a Police Bank branch. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

Personal identification documents.
Proof of employment.
Information of income, assets and savings.
Details of liabilities, loans and debts.
Personal insurance documents.

Refinancers will also have to provide home loan statements for the past six months and a current payout quote for the loan they wish to refinance.

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Police Bank home loans

Why choose Police Bank

Benefits

Drawbacks