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People's Choice Fixed Rate Home Loan (Package)

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 80%

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 80%

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 80%

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 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $100,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $100,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $100,000

  • Owner Occupier (Interest Only)

    LVR 80%-95%

    Loan: $100,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $100,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $100,000

Fixed 3 year rate
2.39% p.a.
Comparison Rate
2.91% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.54% p.a.
Comparison Rate
3.05% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
3.09% p.a.
Comparison Rate
3.06% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
3.24% p.a.
Comparison Rate
3.19% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.69% p.a.
Comparison Rate
3.20% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.84% p.a.
Comparison Rate
3.35% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
2.89% p.a.
Comparison Rate
3.22% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Mozo editorial review People's Choice Fixed Rate Home Loan (Package) - last updated: 16 November 2021

3.5 / 5
Picture of Tom Watson Tom Watson
· Finance journalist
binocular icon
What's hot
  • 2021 Mozo Experts Choice Award winner
  • Fixed rates as low as 1.99% (2.85% comparison rate*)
  • Free extra repayments (capped)
  • Options or low deposit borrowers
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 could be an offer that ticks all the boxes. It could be especially appealing to first home buyers, borrowers looking for a package deal, or to investors given that it took out a 2021 Mozo Experts Choice Award in the Investor Fixed Home Loan category. 

key icon
Key features

With the People’s Choice Fixed Rate Home Loan (Package) owner occupiers and investors will be able to choose fixed rate terms from 1-5 years on loan values above $100,000, with the interest rate available depending on the length of the term and the loan-to-value ratio (LVR) of the borrower. Currently, the lowest rates available are:

  • 1-year fixed rate: 2.09% (2.90% comparison rate*)
  • 2-year fixed rate: 1.99% (2.85% comparison rate*)
  • 3-year fixed rate: 2.39% (2.91% comparison rate*)
  • 4-year fixed rate: 2.79% (3.03% comparison rate*)
  • 5-year fixed rate: 3.09% (3.17% comparison rate*)

Borrowers can also 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. Though it's worth noting that loans with higher LVR's will attract higher rates.

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 People's Choice 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 People's Choice 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 relatively 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 People's Choice products against that yearly fee.

snapshot
Who is it good for

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

question icon
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.

Picture of Tom Watson
Tom Watson
Finance journalist

Tom Watson is a financial journalist at Mozo and co-host of the Finance Burrito podcast, specialising in fintech, property and business banking. Whether it’s reporting on banking trends or uncovering the latest product innovations, Tom’s mission is to keep our readers up to date with breaking Australian financial news. His work is often sourced in the media and across social media channels. Tom has a degree in Journalism from the University of Technology, Sydney. He is also ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 28 November 2021. 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% (2.90%*)

1.99% (2.85%*)

2.39% (2.91%*)

2.79% (3.03%*)

3.09% (3.17%*)

n/a

n/a

2.49% 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

80.00%
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 28 November 2021. 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

2.24% (3.05%*)

2.14% (2.95%*)

2.54% (3.05%*)

2.94% (3.18%*)

3.24% (3.38%*)

n/a

n/a

2.64% p.a.
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

80.00%

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 28 November 2021. 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

2.79% (2.95%*)

2.69% (3.00%*)

3.09% (3.06%*)

3.49% (3.20%*)

3.79% (3.32%*)

n/a

n/a

2.49% 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

80.00%
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 28 November 2021. 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% (3.10%*)

2.84% (3.09%*)

3.24% (3.19%*)

3.64% (3.35%*)

3.94% (3.53%*)

n/a

n/a

2.64% p.a.
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

80.00%

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 28 November 2021. 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

2.39% (3.19%*)

2.29% (3.14%*)

2.69% (3.20%*)

3.09% (3.32%*)

3.39% (3.46%*)

n/a

n/a

2.79% 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

80.00%
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 28 November 2021. 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

2.54% (3.34%*)

2.44% (3.29%*)

2.84% (3.35%*)

3.24% (3.47%*)

3.54% (3.61%*)

n/a

n/a

2.94% p.a.
Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00
Other financial bits

$100,000

none

80.00%

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 28 November 2021. 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

2.59% (3.20%*)

2.49% (3.15%*)

2.89% (3.22%*)

3.29% (3.34%*)

3.59% (3.48%*)

n/a

n/a

2.79% 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

80.00%
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.

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Based on 183 People's Choice home loan reviews

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

About People's Choice

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.

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