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Essential Workers Home Loan
Police Bank's Essential Workers Home Loan is a home loan open only to a stated occupation, employer or membership. The figures are the ones Police Bank publishes under the Consumer Data Right today. The advertised rate last moved on 3 November 2026, up from 6.14% to 6.29%.
Advertised rate
6.29%
headline tier
Comparison rate
6.36%
as published
Last moved
+0.15pp
3 November 2026
Advertised rate, last 30 days. Between 6.14% and 6.29% since 15 October 2026.
Every current rate (15)
| Tier | Rate | Comparison |
|---|---|---|
| Variable, Owner occupier, P&I, LVR up to 60%<60 | 6.29% | 6.36% |
| Variable, Owner occupier, P&I, LVR 60 to 90%60-90 | 6.34% | 6.41% |
| Fixed 1 year, Owner occupier, P&I, LVR up to 60%<60 | 6.39% | 6.37% |
| Fixed 1 year, Owner occupier, P&I, LVR 60 to 90%60-90 | 6.39% | 6.42% |
| Fixed 2 years, Owner occupier, P&I, LVR up to 60%<60 | 6.39% | 6.38% |
| Fixed 2 years, Owner occupier, P&I, LVR 60 to 90%60-90 | 6.39% | 6.42% |
| Fixed 1 year, Owner occupier, P&I, LVR 90 to 95%90-95 | 6.49% | 6.65% |
| Fixed 2 years, Owner occupier, P&I, LVR 90 to 95%90-95 | 6.49% | 6.64% |
| Fixed 3 years, Owner occupier, P&I, LVR up to 60%<60 | 6.49% | 6.42% |
| Fixed 3 years, Owner occupier, P&I, LVR 60 to 90%60-90 | 6.49% | 6.46% |
| Fixed 3 years, Owner occupier, P&I, LVR 90 to 95%90-95 | 6.59% | 6.66% |
| Variable, Owner occupier, P&I, LVR 90 to 95%90-95 | 6.59% | 6.66% |
| Fixed 5 years, Owner occupier, P&I, LVR up to 60%<60 | 6.64% | 6.52% |
| Fixed 5 years, Owner occupier, P&I, LVR 60 to 90%60-90 | 6.69% | 6.57% |
| Fixed 5 years, Owner occupier, P&I, LVR 90 to 95%90-95 | 6.84% | 6.78% |
Rate moves, last 30 days
- 3 November 2026: 9 tiers lifted 0.15pp; the lowest, Fixed 2 years, Owner occupier, P&I, LVR up to 60%, from 6.24% to 6.39%.
- 3 November 2026: 3 tiers lifted 0.35pp; the lowest, Fixed 3 years, Owner occupier, P&I, LVR 60 to 90%, from 6.14% to 6.49%.
- 15 October 2026: 3 tiers lifted 0.25pp; the lowest, Variable, Owner occupier, P&I, LVR up to 60%, from 6.04% to 6.29%.
Published fees
| Fee | Amount |
|---|---|
| RTGS Transfer Feewhen it happens: Payable when we are required to transfer settlement funds to an agent on behalf of our Solicitor. | $10.50 |
| Mortgage Discharge Feeon exit: Payable when you ask us to prepare a discharge of mortgage. | $294 |
| Pest & Building Inspections Feeswhen it happens: At Cost. | see lender |
| Fixed Rate Lock Feewhen it happens | $600 |
| Other Legal/ Solicitors Feeswhen it happens: At Cost. | see lender |
| Additional Valuation Feewhen it happens: At Cost. | see lender |
| Legal/Securities feeswhen it happens: At Cost. | see lender |
| Default Notice Feewhen it happens | $21.50 |
| Stamp Dutywhen it happens: At Cost. | see lender |
| PPSR Fees (Personal Properties Security Register)when it happens: At Cost. | see lender |
| Late Payment Feelate payment: Charged where the whole or any part of your loan repayment remains unpaid after 14 days past the due date. | $10 |
| Production of Title Feewhen it happens: Payable to our solicitors when you ask us to produce the certificate of title of your property to enable registration of a plan or any document dealing with you | $110 |
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