Essential Workers Home Loan
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.
- From (owner occupied)
- 6.04%
- 6.11% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Owner Occupied P&I LVR<60% C2 | 6.04% | 6.11% | <60 |
| Variable Owner Occupied P&I LVR 60%-90% C3 | 6.09% | 6.16% | 0.6–0.9% |
| Fixed · 3 years Owner Occupied P&I LVR<60% 3 Yr C2 | 6.14% | 6.14% | <60 |
| Fixed · 3 years Owner Occupied P&I LVR 60%-90% 3 Yr C3 | 6.14% | 6.18% | 0.6–0.9% |
| Fixed · 1 year Owner Occupied P&I LVR<60% 1 Yr C2 | 6.24% | 6.13% | <60 |
| Fixed · 2 years |
Fees
| Fee | Type | Amount |
|---|---|---|
| RTGS Transfer Fee Payable when we are required to transfer settlement funds to an agent on behalf of our Solicitor. | Event | $10.50 |
| Mortgage Discharge Fee Payable when you ask us to prepare a discharge of mortgage. Note: This fee does not include registration costs for the land titles office | Exit | $294.00 |
| Pest & Building Inspections Fees At Cost. Payable to inspectors if we require a pest or building inspection. | Event | From $0.00 |
| Fixed Rate Lock Fee | Event | $600.00 |
| Other Legal/ Solicitors Fees 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. | Event | From $0.00 |
| Additional Valuation Fee 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. | Event |
Features
- Redraw facility
- Fee Free redraw
- Extra repayments
- Unlimited free additional repayments - Up to $9,999 per calendar year for the fixed term
- Confirmation Of Payee
- Split loan
Eligibility
- Residency status — Australian Citizen
- Available to the following: First responders – Police officers, ambulance officers, firefighters, paramedics, rescue workers. Frontline workers – nurses, allied health workers, school teachers, social workers. Other classes of workers who perform important services may also be eligible.
- Residency status — Australian Residents
- Individuals only
- Minimum age — 18 years
Constraints
- Minimum limit — $50,000.00
- Maximum LVR — 95%
More Information
Published by Police Bank under the Consumer Data Right · Last updated 19 May 2026 · Product ID 39fc423d-3169-4a96-a935-45a5db8209d2 · View on CDR.gov.au