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People's Choice Variable Home Loan Package

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $1,500,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 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 $100,000 and $1,500,000 with an LVR below 95%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $1,500,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $1,500,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $1,500,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $100,000 and $1,500,000 with an LVR below 70%
The details shown below are for an investor taking out a interest only loan between $100,000 and $1,500,000 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 < 70% $100,000 $1,500,000
Owner Occupier Principal & Interest 70%-80% $100,000 $1,500,000
Owner Occupier Principal & Interest 80%-95% $100,000 $1,500,000
Investor Principal & Interest < 70% $100,000 $1,500,000
Investor Principal & Interest 70%-80% $100,000 $1,500,000
Investor Principal & Interest 80%-90% $100,000 $1,500,000
Investor Interest Only < 70% $100,000 $1,500,000
Investor Interest Only 70%-80% $100,000 $1,500,000
  • Owner Occupier (Principal & Interest)
    LVR < 70%
    Loan: $100,000 $1,500,000
  • Owner Occupier (Principal & Interest)
    LVR 70%-80%
    Loan: $100,000 $1,500,000
  • Owner Occupier (Principal & Interest)
    LVR 80%-95%
    Loan: $100,000 $1,500,000
  • Investor (Principal & Interest)
    LVR < 70%
    Loan: $100,000 $1,500,000
  • Investor (Principal & Interest)
    LVR 70%-80%
    Loan: $100,000 $1,500,000
  • Investor (Principal & Interest)
    LVR 80%-90%
    Loan: $100,000 $1,500,000
  • Investor (Interest Only)
    LVR < 70%
    Loan: $100,000 $1,500,000
  • Investor (Interest Only)
    LVR 70%-80%
    Loan: $100,000 $1,500,000
Rate
5.99% p.a.
Comparison Rate
6.35% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
6.09% p.a.
Comparison Rate
6.45% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
6.64% p.a.
Comparison Rate
6.99% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
6.24% p.a.
Comparison Rate
6.60% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
6.34% p.a.
Comparison Rate
6.70% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
6.89% p.a.
Comparison Rate
7.24% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
6.54% p.a.
Comparison Rate
6.89% p.a.
Service fee
$395.00 yearly
Upfront fee
$0
Rate
6.64% p.a.
Comparison Rate
6.99% p.a.
Service fee
$395.00 yearly
Upfront fee
$0

Mozo editorial review People's Choice Variable Home Loan Package - last updated: 7 March 2024

binocular icon
What's hot
  • 6.09% p.a. variable rate (6.45% p.a. comparison rate*)
  • Credit card or personal loan application fee waived
  • Offset account
  • Extra repayments and redraws available
What's not
  • $395 yearly service fee
  • $350 discharge fee
Mozo snapshot

If you’re a borrower looking for a home loan with the works, then the People’s Choice Variable Rate Home Loan (Package) could worth taking a closer look at. Aside from the range of package perks (think fee waivers) and useful features (think offset account) that come with the loan, borrowers with a 20% deposit will also be able to snag variable rates as low as 6.09% p.a. variable rate (6.45% p.a. comparison rate*).

key icon
Key features

The People’s Choice Variable Rate Home Loan (Package) is made for borrowers who want more from their mortgage. Starting with variable rates from 6.09% p.a. variable rate (6.45% p.a. comparison rate*), the loan also features no application, settlement, valuation or legal fees, though there is $395 yearly service fee to remember. Investors rates start from 6.34% p.a. (6.70% p.a. comparison rate*) for principal and interest repayments.

Borrowers looking to make extra repayments can do so for free and they'll have the choice to make weekly, fortnightly or monthly repayments. There’s also a free redraw facility which borrowers can use to access any extra repayments they've already made ($1,000 minimum redraw), plus the loan also comes with a 100% offset account as well as a split account option.

But what will really elevate the Variable Rate Home Loan (Package) for customers looking to bundle their banking products together is the range of discounts available on other People's Choice accounts. For example, People's Choice will waive the application fee on credit card and personal loans, as well as the monthly account fee on the Everyday and ZIP transaction accounts.

People's Choice have also recently introduced a $750k+ tier, for those looking for borrow more towards their home loan.

snapshot
Who is it good for

If you like the idea of brining all of your banking products under the one umbrella and you can make the most of the package perks on offer, then the People’s Choice Variable Rate Home Loan (Package) could be a great pick for you.

question icon
Any catches

Don't forget, if you take out a People’s Choice Variable Rate Home Loan (Package) there are a few fees to budget for including the $395 yearly service fee and a one-off $350 discharge fee.

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

5.99% p.a.

n/a

n/a

n/a

6.35% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$100,000

$1,500,000

none

70.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$1,000.00

yes

yes

none

Fee waiver on credit card, transaction account, offset account.

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

6.09% p.a.

n/a

n/a

n/a

6.45% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$100,000

$1,500,000

70.00%

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$1,000.00

yes

yes

none

Fee waiver on credit card, transaction account, offset account.

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

6.64% p.a.

n/a

n/a

n/a

6.99% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$100,000

$1,500,000

80.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$1,000.00

yes

yes

none

Fee waiver on credit card, transaction account, offset account.

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

6.24% p.a.

n/a

n/a

n/a

6.60% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$100,000

$1,500,000

none

70.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$1,000.00

yes

yes

none

Fee waiver on credit card, transaction account, offset account.

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

6.34% p.a.

n/a

n/a

n/a

6.70% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$100,000

$1,500,000

70.00%

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$1,000.00

yes

yes

none

Fee waiver on credit card, transaction account, offset account.

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

6.89% p.a.

n/a

n/a

n/a

7.24% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$100,000

$1,500,000

80.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$1,000.00

yes

yes

none

Fee waiver on credit card, transaction account, offset account.

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

6.54% p.a.

n/a

n/a

n/a

6.89% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$100,000

$1,500,000

none

70.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$1,000.00

yes

yes

none

Fee waiver on credit card, transaction account, offset account.

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

6.64% p.a.

n/a

n/a

n/a

6.99% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$0.00

$0.00

$0.00

n/a

$395.00 yearly

$350.00

Other financial bits

$100,000

$1,500,000

70.00%

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

none

yes - free

$1,000.00

yes

yes

none

Fee waiver on credit card, transaction account, offset account.

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 review of People's Choice Variable Home Loan Package

About People's Choice

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a. variable

6.17% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Heritage Bank
Heritage Bank

Discount Variable Home Loan

5.99% p.a. variable

6.01% p.a.

Thumbnail icon for Unloan
Unloan

Variable

6.29% p.a. variable

6.20% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a. variable

6.39% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

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.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for loans.com.au
loans.com.au

Variable Home Loan 90

6.04% p.a.

6.06% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.04% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan (with Orange Advantage)

5.99% p.a.
fixed 3 years

6.12% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for G&C Mutual Bank
G&C Mutual Bank

First Home Buyer Loan

5.90% p.a.

5.93% p.a.

$0.00

Thumbnail icon for Community First Bank
Community First Bank

Basic Variable Home Loan

5.94% p.a.

5.99% p.a.

$0.00

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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