Frequently Asked Questions
Can I apply for a loan online?
Yes, Police Credit has an online loan application service, pc.easyloans. In fact, we encourage you to apply online because it is the fastest and most effective way to apply for your loan. All you have to do to use pc.easyloans is log on to pc.easynet, our online banking service, and click on pc.easyloans in the Welcome Page. You will then be provided with steps on how to proceed.
How do I apply for a PC home loan product?
Police Credit offers a range of home loan options to suit all your needs. 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. To apply for a home loan, you may choose from the following:
Call Police Credit on 13 63 73 to discuss your options
Apply online with pc.easyloans via pc.easynet
Visit a PC branch and talk to a home loan consultant
How much money can I borrow?
You will be able to discuss this with your home loan consultant if you visit a PC branch. Also, take a look at our Financial Calculators to help with your budget.
What is a Top-up Loan?
Police Credit’s Top-up Loan allows you to turn the equity in your home or investment property into a ready source of funds for any financial purpose. It can be used to make wise investments, or for purchases such as travel, whitegoods or furniture products, and even shares. Before making a decision, speak to one of our home loan consultants on 13 63 73 option 4.
> back to top
Discounted 24-month Honeymoon Variable Rate home loan
What is the 24-month Honeymoon Variable Rate home loan?
It is a variable rate home loan which offers you a floating honeymoon rate for the first 24 months. With the honeymoon rate, you receive 0.60%pa discount off the published Standard Variable Rate home loan. As interest rates go up or down, so does your floating honeymoon rate.
View our current (published) rates
What are the features and benefits?
|A low floating honeymoon rate for the first 24 months of your Standard Variable Rate home loan|
|No account-keeping, management or annual fees|
|Flexible repayment options|
|Free redraw facility (minimum $50 redraw)|
|Pay off your home sooner by making additional loan repayments|
What loan amount can I borrow?
The amount you can borrow depends on your repayment capacity and other factors, however
|The minimum available loan amount is $120,000 and|
|The maximum available loan amount is $1,000,000.|
Can I make early repayments?
Yes. The same benefits of the PC Standard Variable Home Loan apply to the Discounted 24-month Honeymoon Variable Rate home loan.
I have an existing home loan with Police Credit – am I still eligible for this offer?
The Discounted 24-month Honeymoon Variable Rate home loan is available for members who are looking to refinance their home loan from another financial institution, or take out a new home or investment loan with Police Credit or for separate top-up loans $120,000 and over.
I would like a PC Premium Home Package – can I also receive the benefits of the Discounted 24-month Honeymoon Variable Rate home loan?
No. Borrowers will not be eligible to benefit from the PC Premium Home Package in conjunction with the Discounted 24-month Honeymoon Variable Rate home loan until the floating honeymoon period has lapsed.
Can I use the Discounted 24-month Honeymoon Variable Rate home loan to top up my existing home loan with Police Credit?
Yes. However it is only available for new minimum top amounts of $120,000 and over. The honeymoon rate only applies to the top up as a separate loan and cannot be used to consolidate existing debt.
Can I split the Discounted 24-month Honeymoon Variable Rate home loan between standard variable and fixed interest rate components?
Yes. However the split must have a minimum of $50,000 for each portion (fixed/variable). It cannot be split with interest-only home loans.
I would like to apply for a construction loan – can I receive the floating honeymoon rate?
Yes, it is available for a construction loan.
What if the standard variable interest rate changes during the honeymoon period?
If the rate changes, the floating honeymoon rate adjusts accordingly to 70 basis points below the interest rate effective at that time.
Once the honeymoon period has elapsed, which interest rate will be applied?
The annual percentage rate (interest rate) of your loan will revert to the standard variable interest rate available, at the time and as published when the honeymoon period elapses, two (2) years after the day of funding.
Do any fees apply to the Discounted 24-month Honeymoon Variable Rate home loan?
There are no annual or account-keeping fees associated with the loan, and $0 establishment fee.
> back to top