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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 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

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 80% $100,000
Owner Occupier Principal & Interest 80%-95% $100,000
Investor Principal & Interest < 80% $100,000
Investor Principal & Interest 80%-90% $100,000
Investor Interest Only < 80% $100,000
  • Owner Occupier (Principal & Interest)
    LVR < 80%
    Loan: $100,000
  • Owner Occupier (Principal & Interest)
    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
5.79% p.a.
Comparison Rate
6.37% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
6.24% p.a.
Comparison Rate
6.88% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
5.99% p.a.
Comparison Rate
6.60% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
6.44% p.a.
Comparison Rate
7.11% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Fixed 3 year rate
6.19% p.a.
Comparison Rate
6.65% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Mozo editorial review People's Choice Fixed Rate Home Loan (Package) - last updated: 7 March 2024

binocular icon
What's hot
  • Fixed rates as low as 5.79% p.a. (6.22% p.a 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.

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. 

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.

Details

Rates and fees information correct as at 29 May 2024. 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

6.24% (6.47%*)

6.09% (6.45%*)

5.79% (6.37%*)

5.79% (6.34%*)

5.79% (6.32%*)

n/a

n/a

6.09% 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

Annual fee waived in first year, for applications submitted by 15/12/2023 and settled by 29/02/2024.

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 29 May 2024. 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

6.64% (6.99%*)

6.44% (6.95%*)

6.24% (6.88%*)

6.24% (6.84%*)

6.14% (6.77%*)

n/a

n/a

6.64% 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

Annual fee waived in first year, for applications submitted by 15/12/2023 and settled by 29/02/2024.

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 29 May 2024. 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

6.44% (6.71%*)

6.29% (6.69%*)

5.99% (6.60%*)

5.99% (6.57%*)

5.99% (6.54%*)

n/a

n/a

6.34% 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

Annual fee waived in first year, for applications submitted by 15/12/2023 and settled by 29/02/2024.

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 29 May 2024. 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

6.84% (7.23%*)

6.64% (7.19%*)

6.44% (7.11%*)

6.44% (7.07%*)

6.34% (6.99%*)

n/a

n/a

6.89% 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

Annual fee waived in first year, for applications submitted by 15/12/2023 and settled by 29/02/2024.

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 29 May 2024. 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

6.64% (6.73%*)

6.49% (6.73%*)

6.19% (6.65%*)

6.19% (6.64%*)

6.19% (6.63%*)

n/a

n/a

6.34% 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

Annual fee waived in first year, for applications submitted by 15/12/2023 and settled by 29/02/2024.

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 home loans rated by the Mozo community?

Overall
8.0/10
Price
7.3/10
Features
6.7/10
Customer service
8.1/10
Convenience
7.9/10
Trust
8.0/10
Based on 187 People's Choice home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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

About People's Choice

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Fixed Rate Loan (with Orange Advantage)

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6.14% p.a. variable

6.39% p.a.

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5.99% p.a.

5.90% p.a.

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Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a.

6.01% p.a.

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Aussie

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6.09% p.a.

6.20% p.a.

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ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

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6.39% p.a.

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Variable Home Loan 90

6.04% p.a.

6.06% p.a.

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Express Home Loan (Fixed)

6.04% p.a.
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6.15% p.a.

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Basic Home Loan (Fixed)

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fixed 3 years

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Express Home Loan (Fixed)

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6.41% p.a.

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Fixed Rate Loan (with Orange Advantage)

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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.

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