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Line of Credit

People's Choice Credit Union

Advertised Rate5.50%

Variable

Comparison Rate5.66%
Monthly Repayment$1445

over 30 years

Minimum Deposit %5%
Pros
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Repayments will decrease if RBA cuts rates again
Cons
  • No extra repayments
  • No redraw and no offset
  • Application fee charged
  • Monthly fee charged

Loan Profile

Maximum LVR
Maximum LVR95%
Loan Term
Loan Term1 - 30 years
Investors loans
Investors loans
First Home Buyer
First Home Buyer
Owner Occupied
Owner Occupied
Refinance
Refinance
Line of Credit
Line of Credit
Self-managed Super
Self-managed Super

Loan Fees

Estimated Up Front Fees
Estimated Up Front Fees$950
Legal Fee
Legal Fee$200
Valuation Fee
Valuation Fee$0
Settlement Fee
Settlement Fee$150
Discharge Fee
Discharge Fee$350
Application Fee
Application Fee$600
Initial Ongoing Fee
Initial Ongoing Fee$0
Ongoing Fee
Ongoing Fee$8

Repayments & Redraws

Offset Account
Offset Account

Redraw Facility
Redraw Facility

Extra Repayments
Extra RepaymentsNot allowed
Weekly Repayments
Weekly Repayments
Fortnightly Repayments
Fortnightly Repayments
Monthly Repayments
Monthly Repayments

More Information

Interest rate structure
Interest rate structureVariable
Interest only
Interest only
Loan allows split interest rate
Loan allows split interest rate
Principal and interest
Principal and interest

States Applicable

NSW
NSW
VIC
VIC
SA
SA
WA
WA
QLD
QLD
NT
NT
TAS
TAS
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