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
The Basic Variable Home Loan from People's Choice has everything you'd want in a no frills home loan. Not only does it offer competitive variables rates starting from 2.49% (2.49% comparison rate*) for owner occupiers, it also comes with no upfront or ongoing fees, plus there are handy features like fee-free extra repayments and a redraw facility (minimum $1,000 redraw) to make use of.
The Basic Variable Home Loan caters to both owner occupiers and investors, with interest rates varying depending on: the type of repayments you want to make (principal and interest or interest-only), your loan-to-value ratio (up to 95% LVR options available) and the amount you want to borrow. The lowest variable rates currently on offer are:
When it comes to features, borrowers will be able to make free extra repayments towards their loan balance and they'll also be able to dip into those additional payments via the free redraw facility (though there is a $1,000 minimum amount per redraw). There’s also more flexibility to be found in the loan repayment frequency, as there are weekly, fortnightly or monthly options available - meaning you can 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.
The other major benefit of the loan is the lack of fees. Borrowers won’t need to pay any upfront fees, or any ongoing fee over the life of this loan. However, you will encounter a $350 discharge fee once you finish paying off the loan, or should you choose to refinance with another lender.
The People's Choice Basic Variable Home Loan could suit first home buyers, refinancers or even investors looking for a low cost loan with some flexible features - all alongside the personalised management of a credit union.
The competitive 2.49% variable rate (2.49% comparison rate*) is a special rate only available to new customers, so if you’re already a customer of People's Choice you won’t be able to access this offer.
| 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.
| 2.64% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.65% 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.
| 3.19% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.20% 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.
| 3.34% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.35% 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.
| 2.79% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.80% 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.
| 2.94% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.95% 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.
| 2.99% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.00% 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 |
| $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.
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2.15% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.09% p.a.
fixed 3 years
3.58% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.09% p.a.
fixed 3 years
3.58% p.a.
Bank of Queensland
Fixed Rate
2.19% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
Bank of Queensland
Economy
1.98% p.a.
2.15% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.09% p.a.
fixed 3 years
3.58% p.a.
Qudos Bank
Fixed Rate Home Loan
1.99% p.a.
fixed 3 years
2.59% p.a.
Bank of Queensland
Fixed Rate
2.19% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
$0.00
Bank of Queensland
Economy
1.98% p.a.
2.15% p.a.
$10.00 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.
