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Police Bank · Home loans · restricted
First Home Loan
Police Bank's First 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 15 October 2026, up from 5.84% to 6.09%.
Advertised rate
6.09%
headline tier
Comparison rate
6.16%
as published
Last moved
+0.25pp
15 October 2026
Advertised rate, last 30 days. Between 5.84% and 6.09% over the last 30 days.
Every current rate (9)
| Tier | Rate | Comparison |
|---|---|---|
| Variable, Owner occupier, Interest only, LVR 80 to 98%OO IO V 80-98 | 6.09% | 6.16% |
| Variable, Owner occupier, P&I, LVR 80 to 98%OO PI V 80-98 | 6.09% | 6.16% |
| Fixed 1 year, Owner occupier, P&I, LVR 80 to 98%OO PI F1 80-98 | 6.39% | 6.19% |
| Fixed 2 years, Owner occupier, P&I, LVR 80 to 98%OO PI F2 80-98 | 6.39% | 6.22% |
| Fixed 3 years, Owner occupier, P&I, LVR 80 to 98%OO PI F3 80-98 | 6.44% | 6.26% |
| Fixed 1 year, Owner occupier, Interest only, LVR 80 to 98%OO IO F1 80-98 | 6.54% | 6.21% |
| Fixed 2 years, Owner occupier, Interest only, LVR 80 to 98%OO IO F2 80-98 | 6.54% | 6.25% |
| Fixed 3 years, Owner occupier, Interest only, LVR 80 to 98%OO IO F3 80-98 | 6.59% | 6.30% |
| Fixed 5 years, Owner occupier, P&I, LVR 80 to 98%OO PI F5 80-98 | 6.69% | 6.43% |
Rate moves, last 30 days
- 3 November 2026: 5 tiers lifted 0.15pp; the lowest, Fixed 2 years, Owner occupier, P&I, LVR 80 to 98%, from 6.24% to 6.39%.
- 3 November 2026: Fixed 3 years, Owner occupier, P&I, LVR 80 to 98% lifted 0.35pp, from 6.09% to 6.44%.
- 3 November 2026: Fixed 3 years, Owner occupier, Interest only, LVR 80 to 98% lifted 0.35pp, from 6.24% to 6.59%.
- 15 October 2026: Variable, Owner occupier, P&I, LVR 80 to 98% lifted 0.25pp, from 5.84% to 6.09%.
- 15 October 2026: Variable, Owner occupier, Interest only, LVR 80 to 98% lifted 0.25pp, from 5.84% to 6.09%.
Published fees
| Fee | Amount |
|---|---|
| Independent Legal Advice/Interpreter Servicewhen it happens: At Cost. | see lender |
| Substituting Securities feewhen it happens: Payable to us when you substitute an existing property with a new property as security for your home loan. | $315 |
| Future Legal Costs and Disbursements Relating to any Variations, Dealings, Dischargeswhen it happens: At Cost. | see lender |
| Establishment feeupfront | $600 |
| Insurancewhen it happens: At Cost. | see lender |
| Other Government Duties & Taxeswhen it happens: At Cost. | see lender |
| Additional Statement Fee: $5.00 + $1.50 per page, payable when you request an additional statement. | see lender |
| Second Mortgage Consent Feeupfront: Payable when you ask us to consent to a second mortgage | $75 |
| Default Notice Feewhen it happens: Payable when we send you a default notice under a loan contract when an arrears remains unremedied after we have sent you an arrears letter. | $21.50 |
| Pest & Building Inspections Feeswhen it happens: At Cost. | see lender |
| Substituting of Security Legal feewhen it happens: Payable to us when you substitute an existing property with a new property as security for your home loan. | $605 |
| Stamp Duty Increase Feewhen it happens: At Cost. | see lender |
Other Police Bank home loans
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