Police Bank
First Home Loan
Police Bank · residential mortgages
Provider last updated this product 2026-09-09.
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You'll complete your application on
Police Bank's website. Confirm the rate and fees with them
before applying.
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.
As published by the lender
- Headline rates - from 5.84% to 6.54%The lender publishes several headline rates; which one applies is the lender's decision.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 5.84% | 5.91% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | 80% - 98% | calculated daily, paid monthly |
| Owner Occupied P&I LVR 80-98% C1 | |||||||
| FIXED | 6.24% | 5.95% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | 12 months | 80% - 98% | calculated daily, paid monthly |
| Owner Occupied P&I LVR 80-98% 1 Yr C1 | |||||||
| FIXED | 6.24% | 5.99% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | 24 months | 80% - 98% | calculated daily, paid monthly |
| Owner Occupied P&I LVR 80-98% 2 Yr C1 | |||||||
| FIXED | 5.84% | 5.91% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | 36 months | 80% - 98% | calculated daily, paid monthly |
| Owner Occupied P&I LVR 80-98% 3 Yr C1 | |||||||
| FIXED | 6.54% | 6.22% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | 60 months | 80% - 98% | calculated daily, paid monthly |
| Owner Occupied P&I LVR 80-98% 5 Yr C1 | |||||||
| VARIABLE | 5.84% | 5.91% | OWNER OCCUPIED | INTEREST ONLY | - | 80% - 98% | calculated daily, paid monthly |
| Owner Occupied IO LVR 80-98% C2 | |||||||
| FIXED | 6.39% | 5.97% | OWNER OCCUPIED | INTEREST ONLY | 12 months | 80% - 98% | calculated daily, paid monthly |
| Owner Occupied IO LVR 80-98% 1 Yr C2 | |||||||
| FIXED | 6.39% | 6.02% | OWNER OCCUPIED | INTEREST ONLY | 24 months | 80% - 98% | calculated daily, paid monthly |
| Owner Occupied IO LVR 80-98% 2 Yr C2 | |||||||
| FIXED | 5.99% | 5.95% | OWNER OCCUPIED | INTEREST ONLY | 36 months | 80% - 98% | calculated daily, paid monthly |
| Owner Occupied IO LVR 80-98% 3 Yr C2 | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Independent Legal Advice/Interpreter Service | EVENT | - | At Cost. You may be advised to seek independent legal advice or interpreter services. If so, you will be charged a fee by the service provider. |
| Substituting Securities fee | EVENT | $315 | Payable to us when you substitute an existing property with a new property as security for your home loan. |
| Future Legal Costs and Disbursements Relating to any Variations, Dealings, Discharges | EVENT | - | At Cost. Payable to our solicitors when we incur costs in the enforcement of your contract. The costs may include court costs, legal costs, repossession costs and administrative costs. |
| Establishment fee | UPFRONT | $600 | - |
| Insurance | EVENT | - | At Cost. Insurance requirements may vary from applicant to applicant. Any compulsory insurance requirements will be advised on application. For example, you may be required to pay for Lenders Mortgage Insurance; and must pay mortgage property and Motor Vehicle Insurance. |
| Other Government Duties & Taxes | EVENT | - | At Cost. Any applicable Government Taxes, Duties and Fees will be passed on to you. |
| Additional Statement Fee | OTHER | - | $5.00 + $1.50 per page, payable when you request an additional statement. |
| Second Mortgage Consent Fee | UPFRONT | $75 | Payable when you ask us to consent to a second mortgage |
| Default Notice Fee | EVENT | $21.50 | 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. |
| Pest & Building Inspections Fees | EVENT | - | At Cost. Payable to inspectors if we require a pest or building inspection. |
| Substituting of Security Legal fee | EVENT | $605 | Payable to us when you substitute an existing property with a new property as security for your home loan. |
| Stamp Duty Increase Fee | EVENT | - | At Cost. Payable at the rate charged by the Office of State Revenue or its interstate counterparts when topping up an existing loan where the original stamp duty is not sufficient; when payable by law. |
| Arrears Letter Fee | EVENT | $6.50 | Payable when we send you an arrears letter asking you to remedy an arrears under a loan contract. |
| Issue of Statutory Default Notice Legal Fees | DISHONOUR | - | - |
| Third Party Costs | OTHER | - | 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 |
| PPSR Fees (Personal Properties Security Register) | EVENT | - | At Cost. Certain loans will require us to use the services of PPSR. If we do so, the following may be payable; PPSR Registration Fee, PPSR Financier Interest Enquiry and PPSR Variation of Interest. |
| Production of Title Fee | EVENT | $110 | 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 |
| RTGS Transfer Fee | UPFRONT | $10.50 | Payable when we are required to transfer settlement funds to an agent on behalf of our Solicitor. |
| Other Legal/ Solicitors Fees | EVENT | - | At Cost. Payable to our solicitors when you ask us to take any action in respect of the loan or your property and we incur legal fees. |
| Excess Valuation fee | EVENT | - | At Cost. Payable if and when the costs of valuing your security property/ies exceeds $300 in aggregate over the term of the loan. Calculated as an amount of the excess. |
| Late Payment Fee | LATE_PAYMENT | $10 | 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 |
| Fixed Rate Lock Fee | EVENT | $600 | - |
| General Consent Fee | EVENT | $250 | 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). |
| Additional Valuation Fee | EVENT | - | At Cost. Payable to our valuer if more than one security is required for your loan and/or when application is made for additional finance and/or altering the title of the property or the property itself and Police Bank Loan policy dictates that a subsequent valuation is required. |
| Monthly Product Split Fee | PERIODIC | $7 | $7 per additional product per month during the period of the split, debited to the account for the other product each month. |
| Consent to Subdivision Fee | EVENT | $162 | Payable when you ask for our consent to register a subdivision or other plan or dealing. |
| Legal/Securities fees | EVENT | - | At Cost. |
| Early Repayment Fee | OTHER | - | 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 | $294 | Payable when you ask us to prepare a discharge of mortgage. Note: This fee does not include registration costs for the land titles office |
| Stamp Duty | EVENT | - | At Cost. Payable at the rate charged by the Office of State Revenue or its interstate counterparts when payable by law. |
| Mortgage Loan Top Up / Increase in Credit Limit Fee | EVENT | $315 | - |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 5.84% | 5.91% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Confirmation Of Payee
- Split loan
Who can apply
- min age - 18
- otherMust be eligible for the First Home Loan Deposit Scheme
- natural person
- residency status - Australian Citizen
Limits
- min limit - 50000.00
- max lvr - 0.98
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-09T14:01:23.872Z · Product ID: b658de52-9d9f-496f-8564-14d66798fefb