Police Bank has a range of loans available for any worthwhile purpose. Our loans are easy to apply for, with flexible terms and fast approvals.

As an added bonus, most of our loans do not carry penalties for extra repayments or early payout of the loan (see fees and charges) and interest is calculated daily. This means that any extra repayments you make start reducing interest on the day you make the deposit.

With our Pre-approval service you can shop with comfort knowing exactly what your budget is, allowing you to make the right purchase decision.

If you are considering refinancing or consolidating your existing loans, compare our options and you may be pleasantly surprised.

Our loans have no account keeping fees* so every dollar you repay goes towards reducing your loan balance.

Our loans may contribute to our Reduced Fees Program helping to reduce (or eliminate) fees – save on ATM and EFTPOS transactions (as well as qualify for fee rebates), personal cheques and external electronic periodical payments.


See How We Compare

Still Lower Than The Banks

When we review our interest rates for our lending products, we aim to ensure our rates are competitive to offer our Members real value. See below for a comparison of our loan products.

Police Value Home Loan


Credit Cards

Note: 10.76% p.a. interest rate effective 1 June 2015 current interest rate is 10.96% p.a.


Personal Loans


Car Loans


This information was correct as at 19 May 2015 and was obtained from publicly available information located on the website of each financial institution. Please note that Interest Rates and Comparison Rates are subject to change. To the extent permitted by law, we accept no responsibility for the accuracy of information, or any loss you or any person suffers due to relying on information provided.

*Police Value Home Loan The comparison rate is based on a loan of $150,000 over a 25 year term. Police Bank Fixed Car Loan and Variable Personal Loan comparison rate is based on a loan of $30,000 over a 5 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Police Value Home Loan only available to current serving Police Officers or a Retired Police Officer(s) who are a member of a Union that is associated with the Police Federation of Australia. This includes NSW Police Association (including Associate members), and the Australian Federal Police Association. Rate discounted against Premium Home Loan. Terms and conditions apply and are available on request. Fees and charges and lending criteria apply.

Police Bank Home Loans are available for property or land whether purchasing, refinancing, investing, building or renovating. Purchasing or refinancing a property is a stressful time and there are many things that you need to take into consideration. That’s why we have a wide selection of Home Loans to suit your needs.
  • Police Value Home Loan
  • Premium Home Loan
  • Equity Maximiser Home Loan

A Police Bank Car Loan can get you behind the wheel of your dream car faster. Our Car Loan options include:
  • New or Used vehicles
  • 100% finance
  • Pre-approval with flexible terms
  • No early repayment penalties
  • Refinancing available
  • Competitive interest rates
  • Reduced interest rates

Our Personal Loans couldn’t be more personal because they can be tailored to your budget and lifestyle. You can borrow for any worthwhile purpose from the latest in big ticket electronics, white goods and household items to holidays, cars, boats and bikes.

Refinancing or consolidating loans from other lenders is also our speciality. Our pre-approval and 100% finance options makes our Personal Loans even more flexible.

Our Personal Loans don’t have any account keeping fees or early payout penalities, so you can be sure every dollar you repay is reducing your loan.

Stop paying for reward points you can never use, instead reward yourself with a low rate.
  • Low ongoing interest rate of
  • Up to 55 days interest free period on purchases
  • ATM access to your funds World Wide
  • Drawn down balance may contribute to our Reduced Fees Program to reduce (or eliminate) fees
  • Annual fee waived for the first year
  • Secure online shopping with optional “Verified by Visa”

Having a Police Bank Credit Overdraft linked to your Easy Access Account is like having a pre-approved loan for those unexpected bills or that great bargain.

You can access funds with your Visa Debit Card or Redicard through ATM’s/ EFTPOS.

It will cost you nothing in interest until you access the funds and even then you’ll only pay interest on the amount that you draw down.

Your repayment amount each month is 2.5% of the outstanding balance at the close of each billing statement or $5.00 (whichever is greater)

Through salary packaging (or salary sacrifice) you may reduce your income tax, lower your car running costs and increase the total value of your pay-packet.

Don’t think that only high income earners can benefit from salary packaging. You might be surprised how affordable it can be. You can save money on vehicle financing and running costs by using pre-tax income to pay for vehicle expenses. It may even cost you less than what you are currently spending!

Police Bank offers you what you might be looking for when it comes to Motor Vehicle leasing.

Financial Hardship Assistance Available

Police Bank will always be open to discussing with Members in financial difficulty the best options available. Click here for more information.