Big Sky Building Society Premium Choice Loan


The interest rates offered on the Big Sky Building Society Premium Choice Loan options vary depending on the borrowing amount. However, by market standards the rates charged are higher than average.

The loan offers flexible repayment options, allowing borrowers to decide if they will pay weekly, monthly or fortnightly so that different forms of income can be well accommodated. In addition to this, borrowers can choose to make interest only payments for a period of time, and put off reducing their premium if that will suit their needs.  

Available for either variable or fixed, the Big Sky Building Society Premium Choice Loan also offers the option to split both options. This gives borrowers the best of both worlds – including the certainty of a fixed rate with the flexibility of a variable rate.

Added to these features is the option to make additional repayments at no extra charge, allowing borrowers to reduce their loan at a faster rate than they otherwise might be able to. A redraw facility is also on offer should you need to draw on the extra repayments made. Borrowers should note that there is a minimum limit placed on the amount that can be redrawn.

An offset account is also available on the Premium Choice Loan. 

Who is the Big Sky Building Society Premium Choice Loan good for?

With its abundance of features and wide band of loan amounts, the Big Sky Building Society’s Premium Choice Loan may be suitable to a variety of borrower circumstances.

The loan is available to both investors and owner-occupiers.

Because of its lack of portability, The Premium Choice Loan may not suit owner-occupiers who can reasonably expect to move before they’ve paid off the loan.

Review - What RateCity says

The Big Sky Building Society Premium Choice Loan is available for both investors and owner-occupiers alike.

Interest rates vary, depending on the loan size and whether the loan is variable or fixed. By market standards the advertised rates offered on the Big Sky Building Society Premium Choice Loans are higher than average.

An annual package fee is charged on this loan, as are some upfront costs.

The loan offers some popular mortgage features, including an offset account, ability to make additional repayments and a redraw facility.

Big Sky Building Society Premium Choice Loan Options

For more information about the the Big Sky Building Society Choice Loan options, please click the links below.

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Fixed Rates from


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Variable Rates from


Advertised rate


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  • 100 per cent offset account available.
  • Fee-free additional repayments.
  • Split loan options.
  • Annual package fee applies.
  • Upfront fees apply.
  • Discharge fee applies.

Must be an Australian citizen or permanent resident.

Must meet minimum deposit requirement.

Must meet the lender’s serviceability requirements.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
  • Estimated upfront fees: $0
  • Discharge fees: $300 - $375
  • Ongoing fees: $399 annually

Some upfront fees may apply on the Big Sky Building Society Premium Choice Loan.

Borrowers can also expect to pay an annual package fee as well as a discharge fee will be payable at the time of the loan’s termination.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Big Sky Building Society

Big Sky Building Society is a subsidiary of Australian Unity and has been operating for more than 40 years. It attempts to provide an alternative service to the big banks and offers a variety of services and products, including banking, advice and insurance. Big Sky Building Society operates Australia-wide and customers have access to thousands of ATMs via the rediATM network.

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