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Looking for a better rate or your next home?
It's easy to make your move to Police Bank.
Benefits 
Calculators 
Refinancing Journey 
FAQ Why refinance with Police Bank?
Rates for our own
Some of the best refinance rates around just for Police Bank members.
We're here to help
Whether you’re looking for a place to call home or ready to secure a great rate, our Home Lending Specialists are here to support you at every step of your journey.
No ongoing fees
Keep more of your money where it’s needed most – in your pocket.
Award-winning service
Our local team was recognised for excellence in home lending by Mozo Experts Choice 2025.
Refinancing your way
Choose between a variable and fixed rate loan, and your loan term to see how we can help you save. Easy!
Police Value
If you're a serving or retired employee of an Australian Police Force, take advantage of our best value loan.
Goldrate
Family of a current or former Police employee? Serving the community in law enforcement, emergency services or related government services? This one's for you.
Home Loan fees
Simple, transparent pricing with no hidden surprises.
Monthly Fee
Keep more money
Redraw Fee
Access anytime
Switch Fee
Variable to Fixed
Establishment Fee
One-time setup
Fixed rate lock-in Fee
At cost: Any fees or charges from third parties, such as a Settlement Agent, Title Change Fee or Land and Property Information Search Fee will be passed through to you at cost. Additional fees may apply. Please refer to the full fee schedule for further information.
Important information: This calculator is only a guide. It contains general advice only and does not take into account your individual needs and objectives or financial situation. Calculations are estimates only. Interest rates are indicative and subject to change without notice. ~ Competitor Comparisons have been provided by Canstar. Please check our website for Police Bank’s current interest rates. Terms and conditions apply and are available on request. Fees, charges, eligibility and lending criteria apply. A Financial Services Guide (FSG) is available at all Branches, on our website and upon request. Consider the Terms and conditions and Target Market Determinations before making a purchase decision. Calculator is powered by Canstar.com.au
Compare and calculate your savings
Use our comparison calculator to see how much you could save by refinancing to Police Bank. Enter your current loan details to get started.
Your refinancing journey
There are five clear steps to a better home loan. We’re here to help with every one.
Review your current loan
Understand your current interest rate, loan balance, and any exit fees that may apply.
Get a refinancing quote
Find out how much you could save and what rates are available to you with Police Bank.
Compare your options
Explore variable rates or fixed rates and terms to decide which option works best for you.
Submit application
Ready to switch? Complete your refinancing application with our simple online process.
Settlement and activation
We handle the switch and coordinate with your existing lender. You start saving with your new loan!
FREE property report to get the full picture on your property
Police Bank offer a free property report so you can get insights on market history, price and other data on a property you’re interested in.
Am I eligible to join Police Bank?
Check if you can become a member and access our competitive refinancing rates
You're eligible if you are:
- A current or former member of the police (State, Territory or Federal Police forces)
- A family member of an eligible member
- An employee or contractor working in law enforcement or related services
- A member of various partner organisations and government agencies
Not sure if you’re eligible?
We serve those who serve the community. If you work in law enforcement, emergency services, or related government services, there’s a good chance you’re eligible.
Let’s get started. How would you like to connect?
Save time, apply online
Complete your application in minutes from the comfort of your home
Talk to a Home Lending Specialist
Speak with our Home Lending Specialists
Monday to Friday, 8am – 6pm
Schedule an appointment
Schedule a meeting with a Home Lending Specialist at a time that suits you
Good things to know at every step
Should I refinance?
What is refinancing?
Refinancing means replacing your current home loan with a new one, often to get a lower interest rate or better features.
When to consider refinancing
If interest rates have shifted, your circumstances have changed, or you’re looking to access equity, refinancing may offer potential savings. Keep in mind your current lender may charge exit or break fees, or other costs, so it’s important to weigh up the total costs and decide whether refinancing is right for you.
What’s the process?
We help with the paperwork, coordinate with your current lender, and make switching simple.
What costs do I need to consider?
Exit fees from current lender
Some lenders charge discharge fees or break costs, especially if you’re in a fixed rate period.
Application and valuation fees
New loan applications may involve establishment fees and property valuation costs. With Police Bank there are no ongoing fees.
Is it worth it?
Your interest rate can make a huge difference to your repayment amount.
How long does refinancing take?
Typical timeframe
Refinancing usually takes 2-6 weeks from application to settlement, depending on your situation.
What affects timing?
Document preparation, property valuation, and lender processing times can impact the schedule.
Staying informed
Your Home Lending Specialist will keep you updated at every step and coordinate with all parties involved.
Refinancing checklist
Stay on top of your refinancing journey. Here’s what you’ll need to do and arrange at each step.
FAQ
We’re here to help. If you can’t find the answer you’re looking for, click on the contact button to speak to us.
Looking for something else?
Important Information
Terms and conditions apply and are available on request. Fees, charges and lending criteria apply. This information is general in nature and has been prepared without taking into account your personal objectives, circumstances and needs.
You should consider the appropriateness of the information to your own circumstances and, if necessary, seek appropriate professional advice.
A Financial Services Guide (FSG) is available at all Branches, on our website and upon request. Unless stated, all comparison rates are based on principal and interest repayments. For more information on interest only comparison rates, please contact us.
*Interest rates correct as at DATE 2026 and subject to change.
^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.
† Interest Only is available for 12 months maximum on construction loans.
Lenders Mortgage Insurance (LMI) required for Loans with an LVR greater than 80%, with the exception of the Australian Government 5% Deposit Scheme. If you decide to repay your home loan, refinance or switch to another lender within the first year, then you may be eligible for a partial refund of your LMI repayment. An early repayment fee may apply if you repay your loan or switch to another one before the end of your fixed term or make early or additional repayments above $9,999. Once the fixed rate period ends, the loan reverts to a variable rate loan and repayment amounts will change. Offset Account is not available on Interest Only or Fixed rate loans.
Police Value Home Loan is only available to Current and Retired Employees of an Australian Police Force or Police organisation uniformed or civilian.
Target Market Determinations are available here.
~ Although Canstar uses reasonable commercial endeavours to ensure that the Widget provides accurate information and works correctly, Canstar and Police Bank make no representations or warranties as to the accuracy or completeness of the Widget or whether the Widget will operate at all times or without error.
To the maximum extent permitted by Law, Police Bank excludes all liability for any loss or damage (including financial loss or consequential loss) arising from the use of this widget. Nothing on this website page excludes, restricts, or modifies any right or remedy, or any guarantee, warranty, or other term or condition, implied or imposed by the Australian Securities and Investments Commission (ASIC) Act 2001 (Cth) or the Australian Consumer Law) which cannot be lawfully excluded or limited.