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People's Choice is a member owned financial institution offering its members a wide range of competitive banking, insurance and investment products and services. Formed through the merger of Savings & Loans and Australian Central, People's Choice has more than 350,000 members Australia wide. At People's Choice, its customers are its owners so everything they do is designed to benefit their members.
Last updated 15 December 2024
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People's Choice business loans
Business Loan
Interest rate
Upfront fee
Funding speed
7.76%
0.75%, min $400
Varies
No Partner link
Details Close
Interest Rate
7.76%
Upfront Fee
0.75%, min $400
Ongoing Fees
$0
Late payment fee
$0.00
Transaction fee
not disclosed
Early repayment penalty
$0 for variable rate loan
Other fees
-
Loan type
loan
Security type
Secured (Property)
Minimum loan amount
$50,000
Maximum loan amount
$1,000,000
Minimum loan term
-
Maximum loan term
-
Funding speed
Varies
Application speed
Varies
Approval speed
Varies
Minimum trading period
Varies
Minimum annual turnover
Varies
Exit fee
$350
Repayment frequency
weekly, fortnightly, monthly
Repayment types
interest only, principal and interest
Card access
no
Redraw allowed
not disclosed
Extra repayments allowed
yes (variable only)
Other benefits
-
Other restrictions
-
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Join the 35K+ subscribers who receive our weekly Moneyzone newsletter, showcasing the latest rate movements, exclusive deals, money-saving hacks, and expert insights from Mozo.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
Disclaimer
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Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
