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Line of Credit

People's Choice Credit Union

Borrowing Amount

Borrow Amount

Loan term
Advertised rate5.80%Variable
Comparison rate*5.96%
Monthly repayment$1467
Minimum deposit %5%
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

Loan Profile

Maximum LVR
Maximum LVR95%
Loan term
Loan term1 - 30 years
Borrowing range
Borrowing range$20k - $500kCalculate how much you can borrow »
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 upfront fees
Estimated upfront 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
Ongoing fee
Ongoing fee$8 monthly

Repayments & Redraws

Total repayments
Total repayments$528,120
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
View Repayment Schedule

More Information

Interest rate structure
Interest rate structureVariable
Interest only
Interest only
Allows split interest
Allows split interest
Principal & interest
Principal & interest
Other benefits
Other benefits
Other restrictions
Other restrictions
States Applicable
NSW
NSW
VIC
VIC
SA
SA
WA
WA
QLD
QLD
ACT
ACT
NT
NT
TAS
TAS
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