Reduced Interest Rates for Car & Personal Loans

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November 2013

Still Lower than the banks
We have dropped interest rates for our personal loans and fixed rate car loans outside of the recent RBA decision to keep interest rates on hold.

When we review our interest rates for our lending products, we aim to ensure our rates are competitive to offer our Members real value.

See below to see how are personal loans and fixed rate car loans compare with the major banks. We have also included comparisons with our credit cards and home loans.

Personal Loans

Our variable personal loan of 12.96%p.a. compares favourably to the banks.

Car Loans

The Police Bank Fixed Car Loan rate of 7.59%p.a compares well against the banks.

Police Value Home Loan

It is important to note that the Police Value Home Loan interest rate of 5.32% and the Premium Home Loan of 5.64% positions Police Bank below the Big Banks:

Credit Cards

Our Visa Credit Card is currently 11.59%p.a., but dropping to 10.96%p.a on 1/12/13 compares very favourably with the banks.

This information was correct as at 7 November 2013 and was obtained from publicly available information located on the website of each financial institution. Please note that Interest Rates and Comparison Rates are subject to change. To the extent permitted by law, we accept no responsibility for the accuracy of information, or any loss you or any person suffers due to relying on information provided.
Terms and conditions apply and are available on request. Fees and charges and lending criteria apply.