8.0 / 10

based on 1660 reviews as rated by Mozo community

People's Choice Credit Union home loans

Adelaide-based People's Choice Credit Union (PCCU) is one of Australia's largest credit unions with over 375,000 members. In addition to a range of other banking products PCCU offer a number of fixed, variable and package home loans to owner occupier and investor borrowers. In 2019 People's Choice Credit Union were named among just a handful of winners of a  Mozo Experts Choice Award for best Packaged Home Loan.

What home loans do People's Choice Credit Union offer?

Rates and fees verified as correct at 27 February, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

For homeowners wanting to lock down a rate for between 1-5 years and the repayment certainty that comes with it, People's Choice Credit Union offers the one fixed rate home loan for both owner occupiers and investors. The Fixed Rate Home Loan (which you can read more about in the links below) comes with principal and interest and interest-only options on loan amounts starting from $20,000, as well as minimum deposit requirements of either 5% or 10% depending on whether you're an investor or owner occupier. The loan also allows extra repayments to be made (free up to $10,000 per annum), but there are a number of fees to consider including the $8 monthly service fee. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

3.19% p.a.

4.70% p.a.

$8.00 monthly

$750

2.29% p.a.

4.08% p.a.

$8.00 monthly

$750

2.69% p.a.

4.86% p.a.

$8.00 monthly

$750

2.49% p.a.

4.59% p.a.

$8.00 monthly

$750

Variable Rate Home Loans

People's Choice Credit Union also currently offers two variable rate home loans: the Basic Variable Home Loan and the Standard Variable Home Loan. Available to both owner occupiers and investors, PCCU's variable home loans are more feature-rich alternatives to the fixed rate loan, offering up free extra repayments and a free redraw facility (minimum redraw of $1,000). While the Standard Variable  Home Loan comes with an offset account, the Basic Variable Home Loan comes with the advantage of a much lower interest rate. Both loans also come with a number of fees attached, but you can check out those details and more by heading to the linked reviews below. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

4.23% p.a.

4.24% p.a.

$0.00

$0

3.09% p.a.

3.10% p.a.

$0.00

$0

3.68% p.a.

3.69% p.a.

$0.00

$0

2.49% p.a.

2.49% p.a.

$0.00

$0

4.48% p.a.

4.49% p.a.

$0.00

$0

3.40% p.a.

3.41% p.a.

$0.00

$0

3.93% p.a.

3.94% p.a.

$0.00

$0

3.00% p.a.

3.01% p.a.

$0.00

$0

5.06% p.a.

5.21% p.a.

$8.00 monthly

$750

4.51% p.a.

4.66% p.a.

$8.00 monthly

$750

4.69% p.a.

4.70% p.a.

$0.00

$0

3.14% p.a.

3.15% p.a.

$0.00

$0

4.33% p.a.

4.34% p.a.

$0.00

$0

2.69% p.a.

2.70% p.a.

$0.00

$0

4.99% p.a.

5.00% p.a.

$0.00

$0

4.58% p.a.

4.59% p.a.

$0.00

$0

3.40% p.a.

3.41% p.a.

$0.00

$0

5.46% p.a.

5.61% p.a.

$8.00 monthly

$750

5.16% p.a.

5.31% p.a.

$8.00 monthly

$750

Fixed Package Home Loan

If you're looking to bundle your fixed home loan with a number of other discounted banking products from PCCU, the First Home Buyer Fixed Rate Loan (Package) or Fixed Rate Home Loan (Package) could be just what you're after. As the name suggests, the First Home Buyer Fixed Rate Loan (Package) is only available for first time owner occupier buyers, whereas the Fixed Rate Home Loan (Package) is available to both owner occupiers and investors on loans starting from $100,000. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

p.a.

n/a

$395.00 yearly

$0

p.a.

n/a

$395.00 yearly

$0

3.04% p.a.

4.19% p.a.

$395.00 yearly

$0

1.99% p.a.

3.64% p.a.

$395.00 yearly

$0

2.49% p.a.

4.23% p.a.

$395.00 yearly

$0

2.29% p.a.

4.00% p.a.

$395.00 yearly

$0

Variable Package Home Loan

For owner occupiers and investors looking to mix the benefits of a package offer as well as competitive variable rates, PCCU's Variable Home Loan (Package) could be the best bet. Lending is available from $100,000 and the loan comes complete with features like an offset account, redraw facility and extra repayments, though there is the $395 yearly service fee to consider. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.24% p.a.

3.66% p.a.

$395.00 yearly

$0

2.84% p.a.

3.26% p.a.

$395.00 yearly

$0

3.09% p.a.

3.50% p.a.

$395.00 yearly

$0

4.06% p.a.

4.46% p.a.

$395.00 yearly

$0

3.66% p.a.

4.07% p.a.

$395.00 yearly

$0

4.31% p.a.

4.70% p.a.

$395.00 yearly

$0

4.06% p.a.

4.46% p.a.

$395.00 yearly

$0

3.49% p.a.

3.90% p.a.

$395.00 yearly

$0

3.49% p.a.

3.90% p.a.

$395.00 yearly

$0

3.04% p.a.

3.46% p.a.

$395.00 yearly

$0

People's Choice Credit Union home loan features in a glance

Repayment Icon

Repayment flexibility

Many of Peoples Choice Credit Union's fixed and variable rate home loans gives borrowers the opportunity to make use of flexible features such as extra repayments and a redraw facility. Customers will also be able to make their repayments on a schedule that suits their own budget or their pay cycle: either weekly, fortnightly or monthly.

Offset icon

Offset account

Want to reduce the amount of interest you're paying on your loan while also having funds easily at hand in case you need them? An offset account could be just the feature you're after, and the good news is that a number of PCCU's home loans (including the Standard Variable Home Loan and several of the packaged loans) come with one attached.

Image of coins

Packaged home loan options

Peoples Choice Credit Union offer regular fixed and variable rate home loans, but they also offer package loans for borrowers who are interested in saving money on fees and rates with other PCCU banking products including credit cards, bank accounts and personal loans.

How are People's Choice Credit Union home loans rated?

Mozo users have rated People's Choice Credit Union home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
People's Choice Credit Union home loans
Overall
7.9/10
Price
Features
Customer service
Convenience
Trust

180 Reviews

Recent People's Choice Credit Union home loan reviews

People's Choice Credit Union Home Loan review
Overall 8/10
Peoples Choice- my choice

Happy with PCCU, bit slow about keeping in touch, but have been punctual once contacted!

Read full review

Happy with PCCU, bit slow about keeping in touch, but have been punctual once contacted!

Price
9/10
Features
8/10
Customer service
4/10
Convenience
8/10
Trust
8/10
Less
Robyn, South Australia, reviewed 30 days ago
People's Choice Credit Union Standard Variable Rate Loan review
Overall 7/10
So so.

So so!

Price
4/10
Features
6/10
Customer service
5/10
Convenience
5/10
Trust
6/10
Less
Corey, South Australia, reviewed about 1 month ago
People's Choice Credit Union Fixed Rate Home Loan review
Overall 4/10
Great products but terribly run.

Poor communication, care factor very low, didn't really listen, etc. Good rates, great fees but the worst customer service in the country.

Read full review

Poor communication, care factor very low, didn't really listen, etc. Good rates, great fees but the worst customer service in the country.

Price
6/10
Features
6/10
Customer service
2/10
Convenience
7/10
Trust
4/10
Less
Sam, South Australia, reviewed about 1 month ago
People's Choice Credit Union Variable Home Loan (Package) review
Overall 1/10
Trying to charge $4000 in arrears twice.

Finance managers are a bunch of donkeys. I just sold my house and they are trying to charge me twice for arrears. Now I'm considering having my account audited for fraud. They don't call back when they stuff up and are not helpful.

Read full review

Finance managers are a bunch of donkeys. I just sold my house and they are trying to charge me twice for arrears. Now I'm considering having my account audited for fraud. They don't call back when they stuff up and are not helpful.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
4/10
Trust
1/10
Less
Josie, South Australia, reviewed 3 months ago
People's Choice Credit Union Home Loan review
Overall 9/10
Peoples Choice are reliable and competitive.

I've always been able to contact them easily with any issues and they have always sorted those issues right then or got back to me within the timeframe they said they would. Interest rates are competitive and they offer good features on their loans.

Read full review

I've always been able to contact them easily with any issues and they have always sorted those issues right then or got back to me within the timeframe they said they would. Interest rates are competitive and they offer good features on their loans.

Price
8/10
Features
9/10
Customer service
10/10
Convenience
7/10
Trust
9/10
Less
Shaylee, South Australia, reviewed 5 months ago

What do you need to apply for a People's Choice Credit Union home loan?

Prospective borrowers can start the home loan application process with People's Choice Credit Union online and once they've filled in some initial details about the property they're looking to buy, they can either continue the application online or request a call from a PCCU representative. Like all applications, it's worthwhile getting some information together before starting the process though including: 

  • Personal details for each applicant (if necessary)
  • Contact details including a valid email address
  • Proof of salary (i.e. payslips) and evidence of other income including government payments and rental income
  • Statements for any liabilities including credit cards or other existing loans
  • A copy of your council rates notice
  • A copy of your driver's licence or passport
  • Home loan statements (if you’re refinancing)

Home loan quick links