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People's Choice Credit Union Fixed Rate Home Loan (Package)

The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $100,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan of at least $100,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $100,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $100,000

  • Owner Occupier (Interest Only)

    LVR < 95%

    Loan: $100,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $100,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $100,000

Fixed 3 year rate
2.29% p.a.
Comparison Rate*
3.72% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Go to site
Fixed 3 year rate
3.49% p.a.
Comparison Rate*
4.30% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.58% p.a.
Comparison Rate*
4.07% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.74% p.a.
Comparison Rate*
4.29% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Mozo editorial review People's Choice Credit Union Fixed Rate Home Loan (Package)

Last updated: 20 August 2020.

binocular icon
What's hot
  • Fixed rates as low as 2.09% (3.92% comparison rate*)
  • Borrow with just a 5% deposit
  • Free extra repayments (capped)
What's not
  • $395 annual service fee
Mozo snapshot

With some seriously competitive fixed rates, a low deposit requirement and a range of discounts on other banking products, the Fixed Rate Home Loan (Package) from People’s Choice Credit Union (PCCU) could be an offer that ticks all the boxes - especially for first home buyers or borrowers looking for a package deal.

key icon
Key features

With the People’s Choice Credit Union Fixed Rate Home Loan (Package) owner occupiers will be able to choose fixed rate terms from 1-5 years, with the interest rate available depending on the length of the term:

  • 1-year fixed rate: 2.09% (3.92% comparison rate*)
  • 2-year fixed rate: 2.29% (3.82% comparison rate*)
  • 3-year fixed rate: 2.29% (3.72% comparison rate*)
  • 4-year fixed rate: 2.84% (3.80% comparison rate*)
  • 5-year fixed rate: 2.84% (3.74% comparison rate*)

These rates are available on loans of $100,000 and up, plus borrowers will be able take out a loan with a deposit as low as 5%, meaning the Fixed Rate Home Loan (Package) could be an appealing option for first-time buyers. 

When it comes to paying off the loan, borrowers will be able to do so on a timeframe which suits them (or their pay schedule), with weekly, fortnightly or monthly repayments available. Plus PCCU allows for extra repayments to the tune of $10,000/year to be made towards the loan to help borrowers pay it off faster. 

And this wouldn’t be much of a package loan without some discounts, but PCCU has borrowers covered in that respect with fee waivers on products such as their Visa Credit Card, Personal Loan and Everyday Account

While borrowers won’t need to worry about forking out any upfront fees, there is a hefty $395 annual service fee to consider. That’s why it may be worth weighing up the benefits you’ll receive from the relatively low rates and discounted PCCU products against that yearly fee.

snapshot
Who is it good for

The Fixed Rate Home Loan (Package) from People’s Choice Credit Union could be a competitive option for any borrowers looking for a packaged mortgage with some low fixed rates, particularly if they have a deposit on the lower side (at least 5%). 

snapshot
Any catches

While the loan does come with features such as the ability to make extra repayments, it doesn’t come with a redraw facility or an offset account which may be important to some borrowers.

Details

Rates and fees information correct as at 18 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.09% (3.92%*)

  • 2.19% (3.80%*)

  • 2.29% (3.72%*)

  • 2.84% (3.79%*)

  • 2.84% (3.74%*)

  • n/a

  • n/a

  • 3.66% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $100,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a

  • none

  • no

  • none

  • yes

  • no

  • none

  • 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.

Details

Rates and fees information correct as at 18 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.29% (4.38%*)

  • 3.29% (4.31%*)

  • 3.49% (4.30%*)

  • 3.79% (4.36%*)

  • 3.79% (4.34%*)

  • n/a

  • n/a

  • 4.06% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $100,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a

  • none

  • no

  • none

  • yes

  • no

  • none

  • 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.

Details

Rates and fees information correct as at 18 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.69% (4.33%*)

  • 2.38% (4.15%*)

  • 2.58% (4.07%*)

  • 3.14% (4.15%*)

  • 3.14% (4.15%*)

  • n/a

  • n/a

  • 4.06% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $100,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a

  • none

  • no

  • none

  • yes

  • no

  • none

  • 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.

Details

Rates and fees information correct as at 18 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.94% (4.57%*)

  • 2.64% (4.40%*)

  • 2.74% (4.29%*)

  • 3.34% (4.37%*)

  • 3.44% (4.35%*)

  • n/a

  • n/a

  • 4.31% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $395.00 yearly

  • $350.00

Other financial bits
  • $100,000

  • none

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a

  • none

  • no

  • none

  • yes

  • no

  • none

  • 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.

Customer Reviews

How are People's Choice Credit Union home loans rated by the Mozo community?

Price
7.4/10
Features
6.7/10
Customer service
8.2/10
Convenience
7.9/10
Trust
8.1/10

Latest reviews of People's Choice Credit Union Fixed Rate Home Loan (Package)

  • Overall 9/10
    Great customer service

    We have been with TIO (Peoples Choice Credit Union) for years. They have been terrific to deal with this whole time and I would highly recommend them.

    Read full review

    We have been with TIO (Peoples Choice Credit Union) for years. They have been terrific to deal with this whole time and I would highly recommend them.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Margaret, New South Wales reviewed about 5 years ago
  • Overall 6/10
    Easy

    The signing up for load was an easy process

    Read full review

    The signing up for load was an easy process

    Price
    7/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Ric, Northern Territory reviewed almost 6 years ago
People's Choice Credit Union

About People's Choice Credit Union

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.

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*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.