The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $1,500,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $1,500,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $150,000 and $1,500,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $150,000 and $1,500,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $1,500,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $1,500,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $150,000 and $1,500,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $1,500,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $1,500,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $1,500,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $1,500,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,500,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,500,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $50,000 and $1,500,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $50,000 and $1,500,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | $1,500,000 |
| | Owner Occupier | Principal & Interest | 80%-95% | $150,000 | $1,500,000 |
| | Owner Occupier | Interest Only | < 80% | $150,000 | $1,500,000 |
| | Owner Occupier | Interest Only | 80%-95% | $150,000 | $1,500,000 |
| | Investor | Principal & Interest | < 80% | $150,000 | $1,500,000 |
| | Investor | Principal & Interest | 80%-90% | $150,000 | $1,500,000 |
| | Investor | Interest Only | < 80% | $150,000 | $1,500,000 |
| | Owner Occupier | Principal & Interest | < 80% | $50,000 | $1,500,000 |
| | Owner Occupier | Principal & Interest | 80%-95% | $50,000 | $1,500,000 |
| | Owner Occupier | Interest Only | < 80% | $50,000 | $1,500,000 |
| | Owner Occupier | Interest Only | 80%-95% | $50,000 | $1,500,000 |
| | Investor | Principal & Interest | < 80% | $50,000 | $1,500,000 |
| | Investor | Principal & Interest | 80%-90% | $50,000 | $1,500,000 |
| | Investor | Interest Only | < 80% | $50,000 | $1,500,000 |
| | Investor | Interest Only | 80%-90% | $50,000 | $1,500,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000 $1,500,000
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $150,000 $1,500,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $150,000 $1,500,000
Owner Occupier (Interest Only)
LVR 80%-95%
Loan: $150,000 $1,500,000
Investor (Principal & Interest)
LVR < 80%
Loan: $150,000 $1,500,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $150,000 $1,500,000
Investor (Interest Only)
LVR < 80%
Loan: $150,000 $1,500,000
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $50,000 $1,500,000
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $50,000 $1,500,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $50,000 $1,500,000
Owner Occupier (Interest Only)
LVR 80%-95%
Loan: $50,000 $1,500,000
Investor (Principal & Interest)
LVR < 80%
Loan: $50,000 $1,500,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $50,000 $1,500,000
Investor (Interest Only)
LVR < 80%
Loan: $50,000 $1,500,000
Investor (Interest Only)
LVR 80%-90%
Loan: $50,000 $1,500,000
With a competitive 2.49% p.a. interest rate (2.49% p.a. comparison rate) for owner-occupiers paying off the loan principal and interest and with a deposit of 20% or more, the People's Choice Credit Union Basic Variable Home Loan has everything you want in a no frills home loan. The loan comes with no upfront fees and handy features like the ability to make fee-free extra repayments when you’ve got the dough and want to reduce interest repayments faster. You can also redraw from what you’ve repaid on the loan if you require the cash flow, but there is a $1,000 redraw minimum.
There are a range of options available with the Basic Variable Home Loan with interest rates and loan amounts depending on whether you’re borrowing as an investor or owner occupier and the amount of deposit you have.
To score the appealing 2.49% p.a. rate (2.49% p.a. comparison rate*), you’ll need at least a 20% deposit, and to be living at the premises and making P&I repayments. There is a minimum loan amount on this loan of $150,000 but no maximum so it should be suitable for most Aussie borrowers.
There’s more flexibility to be found in the loan repayment frequency, which has weekly, fortnightly or monthly options, letting you factor your mortgage repayments into your pay cycle.
There is also a split loan option which allows you to secure a fixed interest rate for a portion of your loan, while also maximising the benefits of the variable portion.
While you can make free additional repayments and redraws on the loan, ensure that you’re planning budget moves with the $1,000 redraw minimum.
The People's Choice Credit Union Basic Variable Home Loan suits new borrowers seeking flexibility alongside the personalised management of a credit union.
The competitive 2.49% interest rate is a special rate only available to new customers so if you’re already a customer of PCCU you won’t have access to this offer.
And while you won’t see any upfront or ongoing fees across the life of this loan, you will encounter a $350 discharge fee once you finish paying it off, or should you choose to refinance with another lender.
2.49% p.a.
n/a
n/a
n/a
2.49% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
$1,500,000
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Special rates only available for new customers.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.00% p.a.
n/a
n/a
n/a
3.01% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
$1,500,000
80.00%
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Special rates only available for new customers.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.09% p.a.
n/a
n/a
n/a
3.10% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
$1,500,000
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Special rates only available for new customers.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.40% p.a.
n/a
n/a
n/a
3.41% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
$1,500,000
80.00%
95.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Special rates only available for new customers.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
2.69% p.a.
n/a
n/a
n/a
2.70% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
$1,500,000
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Special rates only available for new customers.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.40% p.a.
n/a
n/a
n/a
3.41% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
$1,500,000
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Special rates only available for new customers.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.14% p.a.
n/a
n/a
n/a
3.15% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$150,000
$1,500,000
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Special rates only available for new customers.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.68% p.a.
n/a
n/a
n/a
3.69% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$50,000
$1,500,000
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Valuation fee payable at cost.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
3.93% p.a.
n/a
n/a
n/a
3.94% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$50,000
$1,500,000
80.00%
95.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Valuation fee payable at cost.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
4.23% p.a.
n/a
n/a
n/a
4.24% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$50,000
$1,500,000
none
80.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Valuation fee payable at cost.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
4.48% p.a.
n/a
n/a
n/a
4.49% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$50,000
$1,500,000
80.00%
95.00%
Owner Occupier
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Valuation fee payable at cost.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
4.33% p.a.
n/a
n/a
n/a
4.34% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$50,000
$1,500,000
none
80.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Valuation fee payable at cost.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
4.58% p.a.
n/a
n/a
n/a
4.59% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$50,000
$1,500,000
80.00%
90.00%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Valuation fee payable at cost.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
4.69% p.a.
n/a
n/a
n/a
4.70% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$50,000
$1,500,000
none
80.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Valuation fee payable at cost.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
4.99% p.a.
n/a
n/a
n/a
5.00% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$350.00
$50,000
$1,500,000
80.00%
90.00%
Investor
Interest Only
Weekly, Fortnightly, Monthly
yes - free
none
yes - free
$1,000.00
yes
no
Valuation fee payable at cost.
none
none
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Have been with this bank for over > 20 years. I was retrenched 2.5 years ago and received no income for nearly two years. I now receive unemployment benefits and am now struggling to make my loan payments. Peoples Choice have been very patient and understanding in relation to when my payments aren't made on time.
Read full reviewHave been with this bank for over > 20 years. I was retrenched 2.5 years ago and received no income for nearly two years. I now receive unemployment benefits and am now struggling to make my loan payments. Peoples Choice have been very patient and understanding in relation to when my payments aren't made on time.
The service and attention to customer needs is beyond comparison and highly recommended to those who like to feel wanted and just an account holder.
Read full reviewThe service and attention to customer needs is beyond comparison and highly recommended to those who like to feel wanted and just an account holder.
Great customer service,personal response and great offers.
Read full reviewGreat customer service,personal response and great offers.
Great credit Union, helpful staff.
Read full reviewGreat credit Union, helpful staff.
People's Choice Credit Union is a member owned financial institution offering its members a wide range of competitive banking, insurance and investment products and services. Formed through the merger of Savings & Loans and Australian Central, Peoples Choice Credit Union has more than 350,000 members Australia wide. At Peoples Choice Credit Union, its customers are its owners so everything they do is designed to benefit their members.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
p.a.
3.67% p.a.
$395.00 yearly
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
2.09% p.a.
fixed 3 years
3.67% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
2.09% p.a.
fixed 3 years
3.67% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Bank of Queensland
Economy
2.59% p.a.
2.76% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
2.09% p.a.
fixed 3 years
3.67% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
$0.00
GMCU
Basic Variable
2.33% p.a.variable for 24 months and then 3.82% p.a.
3.71% p.a.
$8.00 monthly
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
