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Police Bank personal loans
Police Bank is a member-owned mutual bank offering financial products and services to the NSW Police Force, Australian Federal Police and the wider police community.
Police Bank’s Australian membership has grown to over 75,000 members since its humble beginnings in 1964 when it had only 60 members.
Police Bank has a limited number of branches for its members to visit, all of which are located in the southeast region of Australia.
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Why choose Police Bank
Police Bank Personal Loans
Personal Loans calculator
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- 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 that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the personal loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- 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. Read our full disclaimer.
Features of a Police Bank personal loan
Police Bank offers a range of lending products for its members to choose from. All personal loans are unsecured with variable and fixed interest rate options.
Applicants for a Police Bank personal loan will pay an upfront fee that is lower than what most major banks charge. Police Bank personal loans do not come with any ongoing fees for members to pay.
Personal loan interest rates from Police Bank range from very low to moderate. Interest rates for each loan will depend on the type of loan chosen by the borrower.
Police Bank does not charge an early exit penalty fee for members who pay off their loan before the end of term.
Police Bank personal loans - customer service
There are a limited number of branches that Australian members can visit. All branches are located in New South Wales, Victoria and the ACT.
Members who are not located near a branch have online banking or assistance by phone as their banking options.
Who is eligible for a Police Bank personal loan?
Police Bank personal loan applicants must meet the following eligibility criteria:
- Be an Australian resident
- Have a history of income
- Be 18 years of age or older
- Pass a credit check
- Be borrowing more than $5,000
How to apply for a Police Bank personal loan
Potential borrowers can apply for a Police Bank personal loan in the following ways:
- Visit a branch
- Apply online
- Apply by phone
Police Bank personal loans review
Police Bank personal loans may appeal to members of the police force, relatives or friends who need assistance paying for home renovations, weddings, holidays, debt consolidation or a vehicle.
Police Bank personal loan rates vary from very low to moderate depending on the type of loan. Some borrowers could find savings here given the very low interest rates available.
There are no ongoing fees and a lower-than-average upfront fee with a Police Bank personal loan. This may give members more opportunities to save on their loans.
A personal loan from Police Bank does not come with any penalty fees for paying off the loan before the end of term. This could be a good money-saving option for borrowers who anticipate an improvement in their financial situation further down the track.
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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.
