Police BankPolice Student Personal Loan
This product is for Academy students who are re at the Tasmania Rokeby Academy, or at session 2 of the NSW Goulburn Academy, or have graduated from either Academy within the last 6 months and who are looking to obtain funds for the purchase of a new or used car, household goods, debt consolidation or education expenses.
At a glance
- Fixed
- 6.99%6.30% comparison
- Variable
- 7.99%, 7.20% comparison
- Loan size
- $5,000 to no maximum
- Upfront fee
- $0
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 6.99% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 14th lowest of 68, level with 3 others |
| Fixed personal loanRepayments stay the same for the term | 6.99% | 5.80%Plenti Personal Loan | 7.96%of 42 institutions | 11th lowest of 42, level with 3 others |
| Variable personal loanMoves with the lender's rates | 7.99% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | 20th lowest of 45, level with 2 others |
Rates
Every rate Police Bank publishes for this personal loan, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| FixedStudent Car Loan. Fixed Rate Terms: 1-7 Years. L9-C17 | P&I | 7 yrs fixed | - | 6.99% | 6.30% | - |
| FixedStudent Fixed Loan. Fixed Rate Terms: 1-7 Years. L9-C17 | P&I | 7 yrs fixed | - | 7.99% | 7.20% | - |
| VariableStudent Variable Loan. Variable Rate Terms: 1-7 Years. L9-C18 | P&I | - | - | 7.99% | 7.20% | - |
Fees
6 fees published, grouped by when they're charged.
When you take it out1
- PPSR
At Cost. Certain loans will require us to use the services of PPSR. If we do so, the following may be payable: • PPSR Registration Fee • PPSR Financier Interest Enquiry • PPSR Variation of Interest
No fee
When particular things happen5
- Additional Statement Fee
$5 for Archive Retrieval and $1.50 per page. Payable when you request an additional statement.
$5 - Arrears Letter Fee
Payable when we send you an arrears letter asking you to remedy an arrears under a loan contract.
$6.50 - Default Notice Fee
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 - Late Payment Fee
Charged where the whole or any part of your loan repayment remains unpaid after 14 days past the due date. Applies to all Police Bank loans and continuing credit accounts.
$10 - Overdrawn Account Fee
Payable when you exceed your credit limit by $75 or more within a calendar month. Interest will also be charged on any amount overdrawn in excess of the approved credit limit at the then current annu…
$15
Features
- Reduced Fees Program. Your Police Bank Personal Loan may contribute to our Reduced Fees Program, helping to reduce (or eliminate) fees – save on ATM and EFTPOS transactions (as well as qualify for fe…
- Unlimited free additional repayments
- No Monthly Account Keeping Fees
- Confirmation Of Payee
Eligibility and limits
- Minimum age 18
- Residency: Be living in Australia as an Australian citizen, permanent resident, or New Zealand citizen who holds a Special Category Visa (SCV)
- Amount from $5,000, no maximum
- Students at Tasmania Rokeby Academy, or at session 2 of the NSW Goulburn Academy, or have graduated from either Academy within the last 6 months
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Published by Police Bank under the Consumer Data Right, last changed by them on 7 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.