Police Home Loans

When you decide to buy a home there are a lot of things to think about and do. Choosing the right home loan can be just as important as finding the perfect home.

That’s where the Police Welfare Fund can help. The Police Home Loan package, which is provided by The National Bank, has attractive benefits for members of the Police Welfare Fund and their immediate family.

Special benefits of the package include:

·         No home loan application fee

·         A small fee of $100 for a top-up on an existing loan

·         0.50% p.a. discount off the standard National Bank Floating or Flexible Home Loan interest rate regardless of how little or how much is borrowed

·         The lowest possible rate on fixed interst rate loans without having to negotiate and regardless of your loan size

·         A contribution of $500 towards legal fees

·         Discount on Low Equity Premium fees if your loan value is between 80% to 95% of the total property value. 

Click below to read the details about the special offer of free insurance now extended past the date of 30 June 2008, for a limited time.

Through Police Home Loans, you also have access to The National Bank’s unique resources and expertise to help you get the home you want. This includes:

·         A conditionally pre-approved home loan valid for six months.

·         A comprehensive online Home Buyers Centre.

·         Lending specialists who can arrange your loan over the phone.

·         Mobile Mortgage Managers that can come to you whenever and wherever you choose.

·         An extensive branch network with home loan specialists.

   

For more information on the Police Home Loan package, call The National Bank today on 0800 800 808 or go into any branch.
What kinds of Police Home Loans are there?

The National Bank offers a wide choice of Police Home Loans, designed to fit your unique needs. 

·         Flexible Home Loan – a home loan and transactional account in one.  It’s great if you’d like to redraw or actively manage your finances on a day-to-day basis.

·         Floating Interest Rate Home Loan – interest rates can rise and fall depending on changes in the market.  This is an ideal option if you want the convenience and flexibility to change payments or make a lump sum repayment at any time. 

·         Fixed Interest Rate Home Loan – you can fix your interest rate and repayments for an agreed period. Current terms are six months, 1 year, 2, 3, 4, and 5 years. It’s excellent if you want the certainty of knowing exactly what your repayments will be.

·         A combination of the above – to give you both certainty and flexibility.

 

How much can I borrow and what will the repayments be?

Use The National Bank’s Home Loan Calculators  to give you an indication of:

·         How much you could potentially borrow

·         What the repayments may be

·         How repayments for a home loan may affect your budget

 

What about insurance — do I need some and what kind should I get?

The Police Welfare Fund can provide protection to cover your Police Home Loan repayments and insure your property from loss or damage. These products are provided by the Police Welfare Fund and are not products of The National Bank. Click here to find out more about the Police Welfare Fund insurance options. 

 

 

For more information or to apply for the Police Home Loan Package

For more information about buying a home, including invaluable tips, checklists, calculators and a six-step home buying process, visit the Home Buyers Centre.

If you’d like to talk to someone about your options, or to apply for a Police Home Loan, simply call 0800 800 808 to talk to a National Bank lending specialist, Mobile Mortgage Manager or go into any National Bank branch.

 

The National Bank’s lending criteria, terms, conditions and fees apply. For borrowing over 80% of a property’s value, a Low Equity Premium on a graduated scale will apply. Eligibility to apply for a Police Home Loan package is at the discretion of the Police Welfare Fund Limited and applicants must be current members of the Fund. This Home Loan package is not available for loans approved through a broker. Interest rates are subject to change. For a copy of The National Bank’s Disclosure Statement and full details (including terms and conditions) contact any branch of

The National Bank of New Zealand (part of ANZ National Bank Limited).

The insurance options mentioned on this website are not provided by The National Bank. The Police Welfare Fund Group Life and Supplementary Life Insurance are underwritten by American International Assurance (AIA). The Police Fire & General Insurance is underwritten by Lumley General Insurance (NZ) Limited.