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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $100,000 | |
| | Owner Occupier | Interest Only | < 95% | $100,000 | |
| | Investor | Principal & Interest | < 90% | $100,000 | |
| | Investor | Interest Only | < 90% | $100,000 |
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
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.
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:
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.
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%).
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.
n/a
n/a
n/a
n/a
2.09% (3.92%*)
2.09% (3.79%*)
2.09% (3.67%*)
1.99% (3.52%*)
2.84% (3.74%*)
n/a
n/a
3.66% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$100,000
none
none
95.00%
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.
n/a
n/a
n/a
n/a
2.84% (4.34%*)
2.94% (4.25%*)
3.04% (4.19%*)
3.69% (4.33%*)
3.69% (4.30%*)
n/a
n/a
4.06% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$100,000
none
none
95.00%
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.
n/a
n/a
n/a
n/a
2.49% (4.31%*)
2.28% (4.14%*)
2.29% (4.00%*)
2.19% (3.84%*)
3.04% (4.04%*)
n/a
n/a
4.06% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$100,000
none
none
90.00%
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.
n/a
n/a
n/a
n/a
2.69% (4.55%*)
2.54% (4.38%*)
2.49% (4.23%*)
2.39% (4.06%*)
3.24% (4.27%*)
n/a
n/a
4.31% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$395.00 yearly
$350.00
$100,000
none
none
90.00%
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.
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 reviewWe 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.
The signing up for load was an easy process
Read full reviewThe signing up for load was an easy process
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
Basic Variable Home Loan
3.68% p.a.
3.69% p.a.
$0.00
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.
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.
