People's Choice Credit Union home loan repayment calculator

Thinking about taking out a home loan with People's Choice Credit Union? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how People's Choice Credit Union home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.49 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Flexible borrowing limits.
  • Extended loan terms.
  • Opportunity to bundle other financial products.
  • Online application process.
  • Broad range of home loan products.
  • Must be a member.
  • Limited branch access in some states.
  • Slightly high interest rates.
  • Ongoing fees on some accounts.

People's Choice Credit Union home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
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Company

2.49%

Variable

$0

2.49%

$0
People's Choice Credit Union
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2.69%

Variable

$0

2.69%

$0
People's Choice Credit Union
More details

3.00%

Variable

$0

3.00%

$0
People's Choice Credit Union
More details

3.09%

Variable

$0

3.09%

$0
People's Choice Credit Union
More details

3.14%

Variable

$0

3.14%

$0
People's Choice Credit Union
More details

2.84%

Variable

$0

3.26%

$395 annually
People's Choice Credit Union
More details

3.40%

Variable

$0

3.40%

$0
People's Choice Credit Union
More details

3.40%

Variable

$0

3.40%

$0
People's Choice Credit Union
More details

3.04%

Variable

$0

3.46%

$395 annually
People's Choice Credit Union
More details

3.09%

Variable

$0

3.50%

$395 annually
People's Choice Credit Union
More details

1.99%

Fixed - 4 years

$0

3.52%

$395 annually
People's Choice Credit Union
More details

3.24%

Variable

$0

3.65%

$395 annually
People's Choice Credit Union
More details

2.09%

Fixed - 3 years

$0

3.67%

$395 annually
People's Choice Credit Union
More details

3.68%

Variable

$0

3.68%

$0
People's Choice Credit Union
More details

2.84%

Fixed - 5 years

$0

3.74%

$395 annually
People's Choice Credit Union
More details

2.09%

Fixed - 2 years

$0

3.79%

$395 annually
People's Choice Credit Union
More details

3.49%

Variable

$0

3.90%

$395 annually
People's Choice Credit Union
More details

3.49%

Variable

$0

3.90%

$395 annually
People's Choice Credit Union
More details

1.99%

Fixed - 1 year

$0

3.91%

$395 annually
People's Choice Credit Union
More details

2.29%

Fixed - 4 years

$750

3.91%

$8 monthly
People's Choice Credit Union
More details

2.09%

Fixed - 1 year

$0

3.92%

$395 annually
People's Choice Credit Union
More details

3.93%

Variable

$0

3.93%

$0
People's Choice Credit Union
More details

3.04%

Fixed - 5 years

$0

4.04%

$395 annually
People's Choice Credit Union
More details

2.49%

Fixed - 3 years

$0

4.05%

$395 annually
People's Choice Credit Union
More details

3.04%

Fixed - 5 years

$750

4.06%

$8 monthly
People's Choice Credit Union
More details

3.66%

Variable

$0

4.06%

$395 annually
People's Choice Credit Union
More details

2.44%

Fixed - 3 years

$750

4.11%

$8 monthly
People's Choice Credit Union
More details

3.04%

Fixed - 4 years

$0

4.11%

$395 annually
People's Choice Credit Union
More details

2.38%

Fixed - 2 years

$0

4.15%

$395 annually
People's Choice Credit Union
More details

3.04%

Fixed - 3 years

$0

4.19%

$395 annually
People's Choice Credit Union
More details

4.23%

Variable

$0

4.23%

$0
People's Choice Credit Union
More details

2.94%

Fixed - 2 years

$0

4.25%

$395 annually
People's Choice Credit Union
More details

2.34%

Fixed - 2 years

$750

4.26%

$8 monthly
People's Choice Credit Union
More details

3.24%

Fixed - 5 years

$0

4.27%

$395 annually
People's Choice Credit Union
More details

2.69%

Fixed - 3 years

$0

4.28%

$395 annually
People's Choice Credit Union
More details

3.69%

Fixed - 5 years

$0

4.30%

$395 annually
People's Choice Credit Union
More details

2.49%

Fixed - 1 year

$0

4.31%

$395 annually
People's Choice Credit Union
More details

2.74%

Fixed - 1 year

$0

4.33%

$395 annually
People's Choice Credit Union
More details

3.69%

Fixed - 4 years

$0

4.33%

$395 annually
People's Choice Credit Union
More details

4.33%

Variable

$0

4.33%

$0
People's Choice Credit Union
More details

2.84%

Fixed - 1 year

$0

4.34%

$395 annually
People's Choice Credit Union
More details

3.24%

Fixed - 4 years

$0

4.34%

$395 annually
People's Choice Credit Union
More details

2.64%

Fixed - 2 years

$0

4.40%

$395 annually
People's Choice Credit Union
More details

2.29%

Fixed - 1 year

$750

4.44%

$8 monthly
People's Choice Credit Union
More details

4.06%

Variable

$0

4.45%

$395 annually
People's Choice Credit Union
More details

4.48%

Variable

$0

4.48%

$0
People's Choice Credit Union
More details

3.24%

Fixed - 5 years

$750

4.51%

$8 monthly
People's Choice Credit Union
More details

2.69%

Fixed - 1 year

$0

4.55%

$395 annually
People's Choice Credit Union
More details

4.51%

Variable

$750

4.56%

$0
People's Choice Credit Union
More details

4.58%

Variable

$0

4.58%

$0
People's Choice Credit Union
More details

2.64%

Fixed - 3 years

$750

4.63%

$8 monthly
People's Choice Credit Union
More details

3.24%

Fixed - 4 years

$750

4.64%

$8 monthly
People's Choice Credit Union
More details

4.69%

Variable

$0

4.69%

$0
People's Choice Credit Union
More details

3.19%

Fixed - 3 years

$750

4.70%

$8 monthly
People's Choice Credit Union
More details

4.31%

Variable

$0

4.70%

$395 annually
People's Choice Credit Union
More details

3.99%

Fixed - 5 years

$750

4.76%

$8 monthly
People's Choice Credit Union
More details

3.54%

Fixed - 5 years

$750

4.80%

$8 monthly
People's Choice Credit Union
More details

2.53%

Fixed - 2 years

$750

4.82%

$8 monthly
People's Choice Credit Union
More details

3.99%

Fixed - 4 years

$750

4.83%

$8 monthly
People's Choice Credit Union
More details

3.09%

Fixed - 2 years

$750

4.84%

$8 monthly
People's Choice Credit Union
More details

2.84%

Fixed - 3 years

$750

4.90%

$8 monthly
People's Choice Credit Union
More details

3.54%

Fixed - 4 years

$750

4.94%

$8 monthly
People's Choice Credit Union
More details

4.99%

Variable

$0

4.99%

$0
People's Choice Credit Union
More details

3.04%

Fixed - 1 year

$750

5.01%

$8 monthly
People's Choice Credit Union
More details

2.69%

Fixed - 1 year

$750

5.06%

$8 monthly
People's Choice Credit Union
More details

2.79%

Fixed - 2 years

$750

5.10%

$8 monthly
People's Choice Credit Union
More details

5.06%

Variable

$750

5.11%

$0
People's Choice Credit Union
More details

5.16%

Variable

$750

5.21%

$0
People's Choice Credit Union
More details

2.89%

Fixed - 1 year

$750

5.35%

$8 monthly
People's Choice Credit Union
More details

5.46%

Variable

$750

5.51%

$0
People's Choice Credit Union
More details

People's Choice Credit Union customer service

People’s Choice Credit Union has branches in Adelaide, Canberra, Darwin and Perth and regional locations in South Australia, Northern Territory, Victoria, Western Australia and the Australian Capital Territory. Members can access their accounts and funds via ATMs, mobile banking and payment apps, internet banking and telephone banking facilities, as well as Bank@Post.

  • Customer service centre (phone)
  • Mobile banking and payment apps
  • Online banking
  • Online inquiries
  • Email
  • Branch network
  • Mobile home lenders

How to Apply

To become a member of People’s Choice Credit Union, you need to complete a membership application. You can visit one of their branches, call the national contact centre or visit a Bank@Post outlet. Membership is gained by buying a share for just $2 and is open to any resident of Australia. Documents you need to apply for a home loan include:

  • Personal ID.
  • Proof of income – whether you are self-employed or work for an employer.
  • Proof of other income, including rental income.
  • Information regarding existing debts, liabilities and assets.

Learn more about People's Choice Credit Union

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

Mortgage Calculator, Loan Results

These are the loans that may be suitable, based on your pre-selected criteria. 

Mortgage Calculator, Property Value

An estimate of how much your desired property is worth. 

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

What is a valuation and valuation fee?

A valuation is an assessment of what your home is worth, calculated by a professional valuer. A valuation report is typically required whenever a property is bought, sold or refinanced. The valuation fee is paid to cover the cost of preparing a valuation report.

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

Monthly Repayment

Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

Does Real Time Ratings' work for people who already have a home loan?

Yes. If you already have a mortgage you can use Real Time RatingsTM to compare your loan against the rest of the market. And if your rate changes, you can come back and check whether your loan is still competitive. If it isn’t, you’ll get the ammunition you need to negotiate a rate cut with your lender, or the resources to help you switch to a better lender.

What is a building in course of erection loan?

Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.

What is appraised value?

An estimation of a property’s value before beginning the mortgage approval process. An appraiser (or valuer) is an expert who estimates the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan.

How much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

Can I take a personal loan after a home loan?

Are you struggling to pay the deposit for your dream home? A personal loan can help you pay the deposit. The question that may arise in your mind is can I take a home loan after a personal loan, or can you take a personal loan at the same time as a home loan, as it is. The answer is that, yes, provided you can meet the general eligibility criteria for both a personal loan and a home loan, your application should be approved. Those eligibility criteria may include:

  • Higher-income to show repayment capability for both the loans
  • Clear credit history with no delays in bill payments or defaults on debts
  • Zero or minimal current outstanding debt
  • Some amount of savings
  • Proven rent history will be positively perceived by the lenders

A personal loan after or during a home loan may impact serviceability, however, as the numbers can seriously add up. Every loan you avail of increases your monthly installments and the amount you use to repay the personal loan will be considered to lower the money available for the repayment of your home loan.

As to whether you can get a personal loan after your home loan, the answer is a very likely "yes", though it does come with a caveat: as long as you can show sufficient income to repay both the loans on time, you should be able to get that personal loan approved. A personal loan can also help to improve your credit score showing financial discipline and responsibility, which may benefit you with more favorable terms for your home loan.

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.