Police BankHome Loan
Essential Workers Home Loan
Offered by Police Bank
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Key Product Facts
Variable rate
6.29%
Fixed rate
6.69%
Comparison rate
6.71%
Product overview
We want to help find a solution to housing affordability so we’ve partnered with HOPE Housing to offer a solution. At this time, due to significant interest, our co-investor HOPE Housing has indicated that they are reaching their maximum subscription levels, so for now we are taking expressions of interest only.
Is this product competitive?
There is no single rate or fee that determines whether a financial product is suitable or competitive for everyone. Consider the advertised rate, comparison rate, fees, term, product purpose and eligibility requirements together.
Advertised rate
6.29%
Comparison rate
6.71%
How much would $50,000 cost?
Example repayments based on borrowing $50,000 at the displayed primary rate over the product's available maximum term.
Example amount
$50,000
Estimated repayment
$973.40/ month
Example term
5 years
Illustration only: this calculation assumes a constant rate and regular monthly principal-and-interest repayments. It does not include all fees, charges, insurance or other costs, and the actual repayment offered by the provider may differ.
Estimated total repayments
$58,403.80
Estimated interest
$8,403.80
Key product details
- Category
- Home Loans
- Subcategory
- Home Loan
- Purpose
- OWNER_OCCUPIED
- Repayment type
- PRINCIPAL_AND_INTEREST