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Police Credit Union

Open the door to your first home.

Our First Home Buyer Loans can help make your dream a possibility.

Featured home loan

  • 5.89 % P.A.
    Variable rate
  • 5.92 % P.A.
    Comparison rate

Find your home loan

  • I’m looking to
  • My deposit will be
  • I’d prefer a rate that is

    Variable rates can fluctuate over the life of the loan. Fixed rates give you the certainty of the same payments for the fixed term.

Here are some First Home Buyer loan products that might suit you:

Features & Benefits

Get a loan with as little as a 5% deposit

A smaller deposit means more chance you can get your foot in the door of your first home sooner.

Lower repayments over 40 years

Make your loan repayments more affordable with a longer loan term.

Option to build

Many of our low-rate variable loans can be used for building. 

No monthly or annual fees

More money in your pocket to help you get ahead.

Skip the broker, talk to us direct

You don’t need a broker to apply for our loans. 

Free online redraw

If you’re ahead on your home loan repayments, you may be able to access those extra funds.*

Get a free property report before you buy

Looking to buy a property but want to know more about it? Find out more with a FREE property report including recent sales, other sales in the area, rental prices and more.

Get a free property report

More information for first home buyers

Find useful information that can help you navigate through buying your first home, along with our helpful First Home Owner Guide and Financial Assistance for SA & NT Home Buyers Article.

Our First Home Owner Guide includes handy tips and information around:

  • Budgeting and research to secure your deposit
  • Extra costs and considerations such as stamp duty
  • Additional government options available
  • Choosing a loan to suit you
  • The meaning of comparison rates, LVR and Lenders Mortgage Insurance (LMI)
  • Loan assessment factors and pre-approvals
  • Definition of a cooling off period
  • Navigating auctions

Find out more.

Construction grants

Looking to build your first home or interested in a newly built home? In SA and NT there are government grants that could help first home buyers save thousands.

For further information on grants for SA please view the Revenue SA website, visit NT.GOV.AU for home assistance for NT buyers.

You can also read about our Construction Loans and Financial Assistance for SA & NT Home Buyers Article.

Speak to us direct

Did you know that you don’t need a broker to apply for a loan? You can chat directly with our friendly branch staff about all your loan needs.

By working with Police Credit Union for your loan, you will receive:

  • Personalised Guidance: Our experts are ready to answer all your questions and help you find the best loan option tailored just for you.
  • Hassle-Free Process: Skip the middleman and get your loan directly through us. Fast, simple, and straightforward!
  • Trusted Support: Don’t know where to start with the home buying journey? Ask us or come in for a Your Money Plan conversation.

Learn about the difference between using mortgage brokers and personal banking

Offset Accounts vs Online Redraw

You might have heard both of these terms before, but how can they benefit you?

Offset Account – available when you have a variable rate home loan, our 100% Offset Accounts are like any other everyday bank account (you can deposit or withdraw as much as you like), except this one is linked to your home loan. What are the perks? Well, every dollar in your Offset Account reduces the interest you pay on your home loan.

Online Redraw – available on any of our loan types, Online Redraw is a feature allowing you to make extra repayments in advance at no cost, which you can access later with Online Banking or our Banking App if you need cash*. It can also help you reduce interest and, therefore, pay off your home loan sooner. A win / win!

Are you eligible for a loan?

To be eligible for a home loan you must be an Australian Permanent Resident and be over 18 years of age. Other eligibility criteria may apply, please ask us for more details.

Terms and conditions and information statements

Please refer to terms and conditions and information statements for more information.

You might also be interested in:

Try our calculators

Get in touch

To find out more, speak to our friendly staff.

It’s easy to get in touch with our friendly staff using one of our convenient options to suit your lifestyle below:

If any of your Consumer Data Right (CDR) data is incorrect, please contact us. You can also send a Secure Message via the Inbox in Online Banking or the Banking App. We will not charge any fee for requests to correct customer CDR data. If you have a complaint or an issue, please read about our complaints process.

  • This field is for validation purposes and should be left unchanged.

  • Request a call back

    Need to talk to us, but not right now? Members can send us a Secure Message through the Inbox in Online Banking and the Banking App (look for the envelope icon).

    Alternatively, please leave your contact details, and we can call you back during business hours. We will endeavour to call you the next business day but please note some enquiries may take up to 48 hours.

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