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People's Choice Fixed Rate Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $20,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $20,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan of at least $20,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $20,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $20,000

  • Owner Occupier (Interest Only)

    LVR < 95%

    Loan: $20,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $20,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $20,000

Fixed 3 year rate
2.49% p.a.
Comparison Rate
4.13% p.a.
Service fee
$8.00 monthly
Upfront fee
$750
Fixed 3 year rate
3.39% p.a.
Comparison Rate
4.76% p.a.
Service fee
$8.00 monthly
Upfront fee
$750
Fixed 3 year rate
2.69% p.a.
Comparison Rate
4.65% p.a.
Service fee
$8.00 monthly
Upfront fee
$750
Fixed 3 year rate
2.89% p.a.
Comparison Rate
4.91% p.a.
Service fee
$8.00 monthly
Upfront fee
$750

Mozo editorial review People's Choice Fixed Rate Home Loan - last updated: 17 June 2021

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What's hot
  • 2.29% 3-year fixed rate (4.08% comparison rate*)
  • Free extra repayments (up to $10,000 per year)
  • Split-loan interest rate option
  • 2021 Mozo Experts Choice Award winner
What's not
  • $600 application fee
  • $8 monthly service fee
Mozo snapshot

The People's Choice Fixed Rate Home Loan offers borrowers competitive rates and a number of useful features to help make the path to home ownership smoother. Along with the option of paying down your loan weekly, fortnightly or monthly, you’ll also have the ability to make free extra repayments up to $10,000 a year. And if you want to hedge your bets in case interest rates drop further, you can opt to split your loan between a fixed rate and a variable rate.

If you're a keen property investor, you'll be pleased to know this People's Choice offer took out a 2021 Mozo Experts Choice Award for Investor Fixed Home Loans.

key icon
Key features

The People's Choice Fixed Rate Home Loan is available to both owner occupiers and investors. Currently, owner occupiers will be able to take advantage of competitive rates across both short and long terms:

- 1-year term: 2.29% (4.44% comparison rate*)

- 2-year term: 2.34% (4.26% comparison rate*)

- 3-year term: 2.29% (4.08% comparison rate*) 

- 4-year term: 2.49% (3.98% comparison rate*)

It would be suitable for the majority of borrowers as there isn't a maximum loan amount and the minimum deposit requirements are between 5% and 10% depending on whether you're borrowing for your own home or an investment. 

You’ll be able to pick a repayment cycle that suits you, with the ability to pay down your loan weekly, fortnightly or monthly. And you can make extra contributions without incurring a penalty, however this is capped at $10,000 a year. There is also the option to split your loan between a fixed rate and a variable rate, allowing you to benefit from any future interest rate reductions.

snapshot
Who is it good for

The People's Choice Fixed Rate home loan could be a suitable pick for those looking to lock in a competitive fixed rate, whether it's for one year or four.

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Any catches

There are a few fees that you’ll need to budget for. This includes a $8 monthly service fee, $600 application fee, $150 settlement fee, and a $350 discharge fee. If you require a property valuation, this fee will be charged back to you at cost. 

Details

Rates and fees information correct as at 4 August 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

2.29% (4.44%*)

2.14% (4.23%*)

2.49% (4.13%*)

2.54% (3.99%*)

3.04% (4.06%*)

n/a

n/a

4.51% p.a.

Fees

$600.00

$0.00

$0.00

$150.00

n/a

$8.00 monthly

$350.00

Other financial bits

$20,000

none

none

95.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a

none

no

none

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.

Details

Rates and fees information correct as at 4 August 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

3.04% (5.01%*)

2.89% (4.81%*)

3.39% (4.76%*)

4.04% (4.85%*)

3.99% (4.76%*)

n/a

n/a

5.06% p.a.

Fees

$600.00

$0.00

$0.00

$150.00

n/a

$8.00 monthly

$350.00

Other financial bits

$20,000

none

none

95.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a

none

no

none

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.

Details

Rates and fees information correct as at 4 August 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

2.69% (5.06%*)

2.33% (4.78%*)

2.69% (4.65%*)

2.74% (4.48%*)

3.24% (4.51%*)

n/a

n/a

5.16% p.a.

Fees

$600.00

$0.00

$0.00

$150.00

n/a

$8.00 monthly

$350.00

Other financial bits

$20,000

none

none

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a

none

no

none

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.

Details

Rates and fees information correct as at 4 August 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

2.89% (5.35%*)

2.59% (5.07%*)

2.89% (4.91%*)

3.04% (4.77%*)

3.54% (4.80%*)

n/a

n/a

5.46% p.a.

Fees

$600.00

$0.00

$0.00

$150.00

n/a

$8.00 monthly

$350.00

Other financial bits

$20,000

none

none

90.00%

Features

Weekly, Fortnightly, Monthly

yes - free up to $10,000 p.a

none

no

none

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.

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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.