This paper proposes a novel model to attain high birefringence and low loss in a slotted core-based photonic crystal fiber (PCF) structure in THz regime. The performance of the proposed PCF has been evaluated by applying finite element method (FEM) with full simulation software COMSOL Multiphysics V-5.1. The proposed model gains good optical properties such as high birefringence of 0.24, low effective material loss (EML) of 0.03 cm[Formula: see text], low confinement loss of 6.5 × 10[Formula: see text] (dB/m), low scattering loss of 2 × 10[Formula: see text] (dB/m) and low bending loss of 7.4 × 10[Formula: see text] (dB/cm). The proposed structure also exhibits the flattened dispersion for wider frequency response. However, the real-life fabrication of the suggested model is highly feasible using the current technology due to the unique shape of circular air holes in the cladding region. The outcomes make the proposed PCF a stronger candidate for polarization-preserving applications such as sensing, communications and filtering operations in THz band.