Overdraft Credit Facility

Ready for the anything

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)

You can also make additional or more frequent repayments as often as you like.

Payments can be made via payroll deductions, periodical payments, Internet Banking, Redidial Telephone transfers or deposits through Bank@Post.

Your Police Bank Overdraft 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.

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 $5,000.