First Home Loan
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.
- From (owner occupied)
- 5.84%
- 5.91% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Owner Occupied P&I LVR 80-98% C1 | 5.84% | 5.91% | OO PI V 80-98 |
| Fixed · 3 years Owner Occupied P&I LVR 80-98% 3 Yr C1 | 6.14% | 6% | OO PI F3 80-98 |
| Fixed · 1 year Owner Occupied P&I LVR 80-98% 1 Yr C1 | 6.24% | 5.95% | OO PI F1 80-98 |
| Fixed · 2 years Owner Occupied P&I LVR 80-98% 2 Yr C1 | 6.24% | 5.99% | OO PI F2 80-98 |
| Fixed · 5 years Owner Occupied P&I LVR 80-98% 5 Yr C1 | 6.54% | 6.22% |
Fees
| Fee | Type | Amount |
|---|---|---|
| Independent Legal Advice/Interpreter Service 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. | Event | From $0.00 |
| Substituting Securities fee Payable to us when you substitute an existing property with a new property as security for your home loan. | Event | $315.00 |
| Future Legal Costs and Disbursements Relating to any Variations, Dealings, Discharges 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. | Event | From $0.00 |
| Establishment fee | Upfront | $600.00 |
| Insurance 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. | Event | From $0.00 |
| Other Government Duties & Taxes At Cost. Any applicable Government Taxes, Duties and Fees will be passed on to you. |
Features
- Offset account
- Not Available for Fixed Loans or Interest Only
- 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
- Minimum age — 18 years
- Must be eligible for the First Home Loan Deposit Scheme
- Individuals only
- Residency status — Australian Citizen
Constraints
- Minimum limit — $50,000.00
- Maximum LVR — 98%
More Information
Published by Police Bank under the Consumer Data Right · Last updated 19 May 2026 · Product ID b658de52-9d9f-496f-8564-14d66798fefb · View on CDR.gov.au