Purchase an existing property or build a new home
Why choose our Land Rent Scheme Home Loan?
Including our discounted Police Value Home Loan, only available for current serving Police Officers, giving back to those in service.
You can split your Home Loan into flexible and fixed, to get the best of both options
Setup an Offset Account to help decrease your interest payable and payoff your loan sooner
For certainty of knowing what your repayments will be for a 2, 3 or 5 year term, read more about how Fixed and Variable Interest Rates Work
Because we want you enjoying your new property no matter what happens!
Draw from the equity of your mortgage to access funds when you need them
Quality for our Reduced Fees Program to reduce (or even eliminate) fees!
For more information on our Land Rent Scheme Home Loan:
For more information about the Land Rent Scheme Home Loan call Police Bank Canberra Service Centre on (02) 6206 7000 or read our Fact Sheet.
Further information is also available from the ACT Revenue Office website.
To be eligible you must attend a free compulsory Canberra Institute of Technology (CIT) information session. For information on CIT sessions or to make a booking, email firstname.lastname@example.org or phone (02) 6207 3188.
How an Offset Account works
Your savings in the offset account are always available, plus every dollar saved reduces your Home Loan on a daily basis to help decrease your interest payable and own your home sooner.
Offset facility not available with Fixed Interest Rate Home Loans.
Who can apply for a loan?
You can apply for a loan individually or jointly with one other person or multiple person/s. To apply you need to:
- be at least 18 years old.
- have a regular income.
- be a permanent Australian resident.
- be able to make your repayments.
- want to borrow more than $50,000.
Terms & Conditions
Terms and conditions apply and are available on request. Fees and charges, lending criteria and ACT Government requirements under the Land Rent Scheme apply, which includes a compulsory Canberra Institute of Technology (CIT) information session.
^ The comparison rate is based on a loan of $150,000 over a 25 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.
#Minimum loan amount is $50,000. Members’ current home loan with competitor financial institution must be fully discharged and refinanced with Police Bank. $1000 will be credited to S1 account on settlement. Maximum bonus payment is $1000 for each household that is approved for a refinance. This offer is available from 13/02/18 – 31/08/18 for loans that are applied for and approved within those dates. Not available for investment loans. This offer cannot be used in conjunction with any other offer. We reserve the right to withdraw this offer at any time.
1. Not available on fixed interest loans.
2. An early repayment fee may apply on fixed rate portion of any loan.