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Line of Credit

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • Suitable for low deposits
  • Parents can sign as guarantor
  • Repayments may decrease if RBA cuts rates again
Cons:
  • No extra repayments
  • No redraw and no offset
  • Application fee charged
  • Discharge fee at end of loan
  • Legal fee charged
  • Settlement fee charged

Details & Fees

Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$20k - $500kCalculate how much you can borrow »
Total repayments
Total repayments
$545,400View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Not Allowed
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors, Line of Credit, Owner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsWeekly, Fortnightly, Monthly
Estimated upfront fees
Estimated upfront fees
$950
Application fee
Application fee$600
Settlement fee
Settlement fee$150
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$200
Ongoing fee
Ongoing fee
$8 monthly
Discharge fee
Discharge fee$350
Maximum LVR
Maximum LVR
95%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$20k - $500kCalculate how much you can borrow »
Total repayments
Total repayments
$545,400View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Not Allowed
Redraw facility
Redraw facility
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors, Line of Credit, Owner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsWeekly, Fortnightly, Monthly
Estimated upfront fees
Estimated upfront fees
$950
Application fee
Application fee$600
Settlement fee
Settlement fee$150
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$200
Ongoing fee
Ongoing fee
$8 monthly
Discharge fee
Discharge fee$350

People’s Choice Credit Union dates back to 1949 and is now one of Australia’s largest credit unions. The organisation was created through the merger of Australian Central and Savings & Loans in December 2009. Member-owned, its customers get a say in how the credit union is run. People’s Choice meets the same regulatory standards as banks and provides a wide range of financial products and services, including home loans, business accounts, and savings and investment products as well as financial advice.

People’s Choice Credit Union Home Loan Calculator
Interested in an People’s Choice Credit Union home loan? RateCity has a suite of calculators that can show you what your repayments would be and how People’s Choice Credit Union compares to its competitors. Simply plug in your borrowing amount below. 

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