Home Loans
6 months fixed*
5.49% p.a.
2 years fixed*
4.99% p.a.
- *Special rate for home loans with a minimum deposit of 20%.
- Up to 1% cash contribution (conditions apply)
- Easy to apply with great interest rates
Time to move?
Whether you're upsizing, relocating, or refinancing, we're here to help with competitive rates and cash contribution for new home loans with a minimum 20% deposit.
Time to grow?
If you're thinking of buying an Investment Property, you only need a 20% deposit instead of the 30% or more the banks need.
By choosing PCU for your home loan, you also give back to the wider Police Credit Union family.
We provide you with competitive home loan rates and unique products, and your loan allows us to pay competitive rates to members who save and invest with us.
Cash Contribution
If you have a minimum deposit of 20% and take out a new home loan with PCU, you could get a cash contribution of up to 1% of the loan amount.
The cash contribution is conditional on keeping your home loan with us for at least five years. Lending criteria, terms, conditions and fees apply to this offer.
Here to Help
Want to know more? Send us an enquiry and we'll be in contact to answer any questions you have.
Ready to apply? Fill in our loan application form and one of our Lenders will be in touch.
Rates
| Term - Standard rates* | Interest Rate p.a. |
|---|---|
| Floating | 6.19% |
| 6 months fixed | 5.49% |
| 1 year fixed | 4.99% |
| 18 months fixed | 4.99% |
| 2 years fixed | 4.99% |
| Default interest - charged in the event of a default | The interest rate applicable to the loan at the time plus a margin of 5% p.a. |
*Standard rates are for home loans with a minimum deposit of 20%. Home Loans with less than 20% deposit may include a high-LVR margin of up to 0.60% p.a.
Fees
| Fee | Amount |
|---|---|
| Home Loan Establishment | $100 |
| Loan Facility Agreement Variation | $50 |
| Mortgage Discharge | $75 |
| Top up fee when completed by PCU | $10 per top up |
| Top up fee when completed through internet banking | $5 per top up |
| Fixed Rate Break Fee | Calculated upon request. |
Default Fees may be payable by the Member, to the Credit Union, on a breach of the Agreement by the Member, or on the enforcement of the Agreement by the Credit Union.
Cash Contribution
If the conditions are not satisfied, PCU will require repayment all or part of the Cash Contribution, calculated as follows:
|
Time since Cash Contribution offer accepted |
Percentage of Cash Contribution to be repaid |
|
2 years or less |
100% |
|
More than 2 years but not more than 3 years |
75% |
|
More than 3 years but not more than 4 years |
50% |
|
More than 4 years but not more than 5 years |
25% |
|
More than 5 years |
0% |
The fine print
Normal lending criteria and a $100 establishment fee applies to all new loans.
A cash contribution is conditional on keeping your home loan with PCU for at least 5 years. Lending criteria, terms, conditions and fees apply to the cash contribution offer.