What a buzz! Home loans that don’t sting you for fees every month
What kind of home loan do you want?
Yes, you want an attractive low interest rate. Yes, you want flexible
repayment options. And, yes, you want quick approval from someone
local who can also give you good advice.
But what you don’t want are those niggling account keeping
fees month after month after month. Police Credit Union provides an
extensive range of home and investment loans to suit your individual
needs.
Range of loan types
Our range of credit options is specifically designed for the purpose
of home or investment property purchase, refinancing your existing
mortgage, or to use your existing home equity for any worthwhile purpose.
- Fixed rates from 1 year to 5 years.
- Honeymoon Home Loan.
- Very competitive Variable Rates.
- Allegro Line of Credit Home Loan.
- The option of a Split Loan.
- Bridging Loan.
- Construction Loans.
- Mortgage Secured.
No account keeping fees
With a Police Credit Union loan there are no account keeping fees
and loan repayments can be taken directly from your pay, therefore
avoiding transfer fees.
Redraw facility
A redraw facility, available on variable-rate home loans, allows
you to gain access to money through extra payments you may have made
over the term of the loan (for a small fee).
Payments
Payments are required weekly fortnightly or monthly, and can be made
by payroll, transfers via phone or Internet, QuickDebit, over-the-counter
deposits or by posting a cheque.
Allegro Line of Credit Home Loan
Allegro is the Police Credit Union’s secured Line of Credit
Home Loan, with a low, very competitive discount to variable rate
for the first 12 months. By bringing all of your accounts into a single
all-in-one account you can dramatically reduce the time it takes to
pay off your home loan.
You can use Allegro Line of Credit as a transactional account. Have
your pay going directly into Allegro and then pay your bills and other
expenses directly from it. As interest is calculated daily, the unused
portion of your income is working for you, to reduce the interest
you will pay.
Quite simply, Allegro Line of Credit Home Loan is like a large overdraft
secured by residential or investment property. The account can be
accessed like a savings account using cheque books, VISA Card, EFTPOS,
ATM, Ivy Phone Banking, PCUnet Internet Banking & BPAY. You can
even have bills paid automatically from the account using Periodical
Payments, and direct debits.
Honeymoon Home Loans
Honeymoon Home Loans offer a fixed period at the start of the loan,
and then revert to a variable rate for the rest of the term. They
offer a very competitive rate for the fixed period of your loan, when
your balance is highest, so that you pay as little interest as possible.
Split Loans
A Split Loan is where part of the interest rate is fixed and part
is variable. You decide the mix – choose any combination you
like. For example, you can have 30% of the loan fixed and 70% on the
variable rate. For each combination, each component must be for a
minimum of $30,000. Split Loans allow you to make the best of an uncertain
interest rate market.
Split Loans are available for home or investment property borrowing.
Bridging Loans
Bridging Loans are available for members who wish to buy a new home
yet haven’t sold their current ones, and provide them with up
to 12 months’ breathing space to sell their old properties.
Construction Loans
These loans are especially for those who want to build their own
property rather than buy an established one. Progress payments are
made direct to the builder with regular valuations on the work completed.
Make a beeline for your nearest Police Credit Union branch. Call
131 844 for the Buzziest Home Loan Centre near you.
Terms and conditions, fees and charges, and normal lending criteria
apply.
® Registered to BPAY Pty Ltd ABN 69 079 137 518.
