Buying a Home? Buying a home is one of the most important decisions that you’ll make in your life. That’s why it’s critical that you plan well ahead and choose the best financial option available.
At Police Credit we offer members a range of home loan options. Our friendly and experienced home loan consultants will talk with you about your particular requirements, help you choose a realistic loan that suits your budget and assist you throughout the home loan process. A free PC home buying guide, is also available to members – to receive your copy, call Member Response on 13 63 73 & press 3 or download it here.
 Comparison Rates Schedule
Benefits of a PC home loan
Free of account keeping, management and annual fees No monthly fees Finance for up to 90% of your property’s value Competitive no-obligation insurance quotes Free PC home buying guide
Standard Variable Interest Rate home loan
Enjoy a home loan free of account keeping, management and annual fees – factor this in when comparing total home loan packages including interest rates. Benefits Competitive variable interest rate Free redraw facility, with minimum redraw $50 Make additional loan repayments* Flexible repayment options – weekly, fortnightly or monthly Maximum 30 year term Interest calculated daily and debited monthly in arrears Free pre-approval certificate – usually on the spot (valid for three months) Free no-obligation quotes pay by the month insurance (with option of 90 days free building insurance cover during settlement period) Optional loan protection insurance available
Call Home Loan Centre on 13 63 73, press 4 then 1
Variable (Floating) Honeymoon home loan Receive a 0.50%pa discount for the first 12 months on your PC standard variable home loan when you choose Police Credit’s Variable (Floating) Honeymoon home loan. As interest rates change, so does your floating honeymoon rate. This loan is available for new home purchases or refinancing home loans from other lenders. Benefits Competitive variable interest rate Flexible repayment options – weekly, fortnightly or monthly Make additional loan repayments* Free redraw facility, with minimum redraw $50 Maximum 30-year term Interest calculated daily and debited monthly in arrears Free pre-approval certificate – usually provided on the spot (valid for three months) Insure your home and contents with Allianz and receive 12 months of cover for the price of 11** Optional loan protection insurance available
Police Credit home loans may incur a deferred establishment fee. Deferred establishment fees may apply should additional repayments result in the loan being paid in full within four years. **Only valid in conjunction with this home loan product. Before you make any decision to acquire any general insurance product or service you should obtain and consider the relevant Product Disclosure Statement available from any branch of Police Credit or by calling 13 63 73. Police Credit provides this general insurance products as an agent for Allianz Australia Limited ABN 15 000 122 850 AFSL 234708. Call Home Loan Centre on 13 63 73, press 4 then 1
Line of Credit home loanAllows you to turn the equity in your property into a ready source of funds. You can use these funds for any purpose and any principal you repay is available to be redrawn. You can access the funds through cheque, PC branch, Rapid Response telephone banking, pc.easynet online banking, PC Visa debit card, direct debit, regular payment, or direct credit. A Line of Credit home loan is secured by a registered mortgage over your residential property. Benefits Competitive variable interest rate Account linked to your PC Visa debit card. Withdraw cash or make purchases directly from your line of credit – pressing the ‘Cheque’ button 24/7 access to your funds via pc.easynet online banking or Rapid Response telephone banking PC cheque book facility available Unlimited free transactions via pc.easynet online banking, Rapid Response telephone banking, BPAY, direct debit/credits and PC branches. Optional PC Visa credit card available. Set up your line of credit loan to automatically pay your minimum PC Visa credit card repayment or closing balance by the due date. Limited free transactions per month including 10 ATM withdrawals, 20 EFTPoS transactions and 10 cheques withdrawals. For more information on limited transaction charges for additional transactions click here Interest payments deducted from your nominated PC savings account Ability to make unlimited additional deposits Free no-obligation quotes pay by the month insurance (with option of 90 days free building insurance cover during settlement period)
Call Home Loan Centre on 13 63 73, press 4 then 1
Fixed Interest home loan
These loans are popular with people who like the stability of a fixed repayment.
Benefits
Competitive interest rate Know exactly what your repayments will be for a period of one to five years Split your loan between fixed and variable interest rates (minimum fixed loan amount $50,000) Make additional repayments and redraw on the variable portion of your loan (additional or lump sum payments may incur penalties) Maximum 30 year term Minimum loan amount $10,000 Flexible repayment options – weekly, fortnightly or monthly Free pre-approval certificate – usually on the spot (valid for three months) Free no-obligation quotes pay by the month insurance (with option of 90 days free building insurance cover during settlement period) Optional loan protection insurance available
Call Home Loan Centre on 13 63 73, press 4 then 1
Interest Only Home Loan
Make ‘interest only’ payments for the loan period. And because you are only paying the interest on the loan, you pay less each month than you would with a standard mortgage. Benefits Competitive interest rate Interest rate can be variable or fixed for a period of one to five years Maximum 5 years term Minimum loan amount $50,000 Monthly repayments Free pre-approval certificate – usually on the spot (valid for three months) Free no-obligation quotes pay by the month insurance (with option of 90 days free building insurance cover during
settlement period) Optional loan protection insurance available Call Home Loan Centre on 13 63 73, press 4 then 1
Refinance
Refinancing your home with Police Credit has the same benefits as purchasing a home, with no monthly management or account keeping fees. Benefits Competitive interest rate Interest rate is variable Monthly repayments Free pre-approval certificate – usually on the spot (valid for three months) Free no-obligation quotes pay by the month insurance (with option of 90 days free building insurance cover during settlement period) Optional loan protection insurance available
Call Home Loan Centre on 13 63 73, press 4 then 1
Redraw Facility PC’s redraw facility on variable interest rate home loans allows you to withdraw directly from your home loan account any repayments you have made that are in excess of the contractual repayments. The minimum redraw is $500 for standard variable home loans, and the maximum redraw is the amount of advance repayments you have made. There is no limit on the number of redraws you can make. Loan portability Loan portability allows you to replace the existing property that is held to secure your home loan without changing the conditions of your loan contract (ie loan amount and term).
The replacement may be made via a simultaneous purchase and sale, or you may wish to provide an alternative security of equal or greater value. This means you do not need to repeat the application process.
Security substitution fee applies and the new security must be within Police Credit’s lending policy guidelines. PC Top-up Want to use the value of your property for travel, shares or to purchase another property? A PC top-up loan allows you to turn the equity in your home or investment property into a source of funds for other purposes. Before making a decision, speak to one of our experienced consultant – call 13 63 73.
Call Home Loan Centre on 13 63 73, press 4 then 1
* Police Credit home loans may incur a deferred establishment fee. Deferred establishment fees may apply should additional repayments result in the loan being paid in full within four years.
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