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 mortgage repayments

at interest rate 2.49%

Total interest payable

$0

Total loan repayments

$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

Advertised Rate

2.49%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.49%

Ongoing fee
$0
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Advertised Rate

2.69%

Variable

Total estimated upfront fees
$0
Comparison Rate*

2.69%

Ongoing fee
$0
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Advertised Rate

3.00%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.00%

Ongoing fee
$0
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Advertised Rate

3.09%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.09%

Ongoing fee
$0
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Advertised Rate

3.14%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.14%

Ongoing fee
$0
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Advertised Rate

2.84%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.26%

Ongoing fee
$395 annually
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Advertised Rate

3.40%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.40%

Ongoing fee
$0
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Advertised Rate

3.40%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.40%

Ongoing fee
$0
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Advertised Rate

3.04%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.46%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.09%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.50%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.29%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.62%

Ongoing fee
$395 annually
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More details
Advertised Rate

1.99%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

3.64%

Ongoing fee
$395 annually
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Advertised Rate

3.24%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.65%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.68%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.68%

Ongoing fee
$0
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More details
Advertised Rate

2.84%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

3.74%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.09%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

3.79%

Ongoing fee
$395 annually
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Advertised Rate

3.49%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.90%

Ongoing fee
$395 annually
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Advertised Rate

3.49%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.90%

Ongoing fee
$395 annually
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More details
Advertised Rate

1.99%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.91%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.09%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

3.92%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.93%

Variable

Total estimated upfront fees
$0
Comparison Rate*

3.93%

Ongoing fee
$0
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More details
Advertised Rate

2.49%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

3.94%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.49%

Fixed - 4 years

Total estimated upfront fees
$750
Comparison Rate*

3.98%

Ongoing fee
$8 monthly
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Advertised Rate

2.29%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

4.00%

Ongoing fee
$395 annually
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Advertised Rate

3.04%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

4.04%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.04%

Fixed - 5 years

Total estimated upfront fees
$750
Comparison Rate*

4.06%

Ongoing fee
$8 monthly
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More details
Advertised Rate

3.66%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.06%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.29%

Fixed - 3 years

Total estimated upfront fees
$750
Comparison Rate*

4.08%

Ongoing fee
$8 monthly
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Advertised Rate

2.28%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.14%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.69%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

4.16%

Ongoing fee
$395 annually
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Advertised Rate

3.04%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

4.19%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.49%

Fixed - 3 years

Total estimated upfront fees
$0
Comparison Rate*

4.23%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

4.23%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.23%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.94%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.25%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.34%

Fixed - 2 years

Total estimated upfront fees
$750
Comparison Rate*

4.26%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.24%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

4.27%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

3.69%

Fixed - 5 years

Total estimated upfront fees
$0
Comparison Rate*

4.30%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.49%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.31%

Ongoing fee
$395 annually
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More details
Advertised Rate

2.74%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.33%

Ongoing fee
$395 annually
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More details
Advertised Rate

3.69%

Fixed - 4 years

Total estimated upfront fees
$0
Comparison Rate*

4.33%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

4.33%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.33%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.84%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.34%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.54%

Fixed - 2 years

Total estimated upfront fees
$0
Comparison Rate*

4.38%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.29%

Fixed - 1 year

Total estimated upfront fees
$750
Comparison Rate*

4.44%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

4.06%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.45%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.69%

Fixed - 4 years

Total estimated upfront fees
$750
Comparison Rate*

4.46%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

4.48%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.48%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.24%

Fixed - 5 years

Total estimated upfront fees
$750
Comparison Rate*

4.51%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.69%

Fixed - 1 year

Total estimated upfront fees
$0
Comparison Rate*

4.55%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

4.51%

Variable

Total estimated upfront fees
$750
Comparison Rate*

4.56%

Ongoing fee
$0
Go to site
More details
Advertised Rate

4.58%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.58%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.49%

Fixed - 3 years

Total estimated upfront fees
$750
Comparison Rate*

4.59%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

4.69%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.69%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.19%

Fixed - 3 years

Total estimated upfront fees
$750
Comparison Rate*

4.70%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

4.31%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.70%

Ongoing fee
$395 annually
Go to site
More details
Advertised Rate

2.99%

Fixed - 4 years

Total estimated upfront fees
$750
Comparison Rate*

4.75%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.99%

Fixed - 5 years

Total estimated upfront fees
$750
Comparison Rate*

4.76%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.54%

Fixed - 5 years

Total estimated upfront fees
$750
Comparison Rate*

4.80%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.53%

Fixed - 2 years

Total estimated upfront fees
$750
Comparison Rate*

4.82%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.99%

Fixed - 4 years

Total estimated upfront fees
$750
Comparison Rate*

4.83%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

3.09%

Fixed - 2 years

Total estimated upfront fees
$750
Comparison Rate*

4.84%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.69%

Fixed - 3 years

Total estimated upfront fees
$750
Comparison Rate*

4.86%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

4.99%

Variable

Total estimated upfront fees
$0
Comparison Rate*

4.99%

Ongoing fee
$0
Go to site
More details
Advertised Rate

3.04%

Fixed - 1 year

Total estimated upfront fees
$750
Comparison Rate*

5.01%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.69%

Fixed - 1 year

Total estimated upfront fees
$750
Comparison Rate*

5.06%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

2.79%

Fixed - 2 years

Total estimated upfront fees
$750
Comparison Rate*

5.10%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

5.06%

Variable

Total estimated upfront fees
$750
Comparison Rate*

5.11%

Ongoing fee
$0
Go to site
More details
Advertised Rate

5.16%

Variable

Total estimated upfront fees
$750
Comparison Rate*

5.21%

Ongoing fee
$0
Go to site
More details
Advertised Rate

2.89%

Fixed - 1 year

Total estimated upfront fees
$750
Comparison Rate*

5.35%

Ongoing fee
$8 monthly
Go to site
More details
Advertised Rate

5.46%

Variable

Total estimated upfront fees
$750
Comparison Rate*

5.51%

Ongoing fee
$0
Go to site
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 home loans

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

How do you qualify for a CBA home loan with casual employment?

Qualifying for a home loan without a full-time job may be challenging, but it can be done. The first step is to understand how a CBA home loan is assessed when you have casual employment.

Most lenders will assess your expenses and savings while checking your loan eligibility, checking on factors crucial to home loan approval, such as if your bills are paid on time and what your credit score presently looks like. 

Your income can be one of the most critical factors to determine your final approved home loan amount. As such, you’ll need to provide payslip copies to lenders to assist them in assessing your income during the loan tenure, regardless of your employment status, full-time, part-time, or otherwise.

Casual employees will want to be casually employed for at least 12 months to be eligible for a home loan. Alternatively, you want to have worked as a permanent casual worker (working for a fixed number of hours per week) for at least one month, or you should have been in your current job for a minimum of three months (if the hours are irregular) to be eligible for the loan.

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.

Can I get a NAB first home loan?

The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.

Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.

If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.

The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.

How do I get a Suncorp home loan pre-approval?

Getting home loan pre-approval helps you work out a budget to help you search for a suitable property and make an offer with confidence. Once you put in an application, you should get your pre-approval outcome within two business days. To help get a fast turnaround time of your pre-approval application, ensure all the information and documentation that Suncorp requires. This includes proof of identification, recent payslips, bank account and credit card statements.

You can submit the home loan pre-approval application online. You’ll be asked for information about your income, expenses, assets, and debts. It should take you about 10 minutes to fill out the application, and you can do it free of charge. A Suncorp lending specialist will review your application and contact you within 24 hours or the next working day. Suncorp will not run a credit check until you have heard from this lending specialist.

Once you get Suncorp home loan pre-approval, it’s valid for 90 days. If you don’t find a property you wish to buy in this time you may be able to apply for an extension, speak to your Suncorp lending specialist about this.

What are the NAB term deposit interest rates for businesses?

If you’re looking to lock in a return on your business savings, one option is a business term deposit with NAB. The big four bank provides competitive interest rates while giving you the flexibility to choose the term. NAB offers business term deposit interest rates for investments of between $5,000 to $499,999.

NAB doesn’t charge any monthly account or application fees. The interest is calculated daily and for the 90-day term and six months term, you will get paid when the deposit matures. For the 12 months term, you can either choose to get paid monthly, quarterly, half-yearly or annually. 

If you wish to withdraw your funds before the deposit matures, you need to give NAB 31 days notice. However, they do make exceptions if you’re experiencing hardship and need the funds immediately. Either way, you may have to bear the prepayment cost, which you can learn more about in the Terms and Conditions.

Why should I get an ING home loan pre-approval?

When you apply for an ING home loan pre-approval, you might be required to provide proof of employment and income, savings, as well as details on any on-going debts. The lender could also make a credit enquiry against your name. If you’re pre-approved, you will know how much money ING is willing to lend you. 

Please note, however, that a pre-approval is nothing more than an idea of your ability to borrow funds and is not the final approval. You should receive the home loan approval  only after finalising the property and submitting a formal loan application to the lender, ING. Additionally, a pre-approval does not stay valid indefinitely, since your financial circumstances and the home loan market could change overnight.

 

 

How can I get ANZ home loan pre-approval?

Shopping for a new home is an exciting experience and getting a pre-approval on the loan may give you the peace of mind that you are looking at properties within your budget. 

At the time of applying for the ANZ Bank home loan pre-approval, you will be required to provide proof of employment and income, along with records of your savings and debts.

An ANZ home loan pre-approval time frame is usually up to three months. However, being pre-approved doesn’t necessarily mean you will get your home loan. Other factors could lead to your home loan application being rejected, even with a prior pre-approval. Some factors include the property evaluation not meeting the bank’s criteria or a change in your financial circumstances.

You can make an application for ANZ home loan pre-approval online or call on 1800100641 Mon-Fri 8.00 am to 8.00 pm (AEST).

What is a bad credit home loan?

A bad credit home loan is a mortgage for people with a low credit score. Lenders regard bad credit borrowers as riskier than ‘vanilla’ borrowers, so they tend to charge higher interest rates for bad credit home loans.

If you want a bad credit home loan, you’re more likely to get approved by a small non-bank lender than by a big four bank or another mainstream lender.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

How can I apply for a first home buyers loan with Commonwealth Bank?

Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.

You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.

You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.

CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property.  The link to download this app is available on the same webpage.

If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

Can I get a home renovation loan with bad credit?

If you're looking for funds to pay for repairs or renovations to your home, but you have a low credit score, you need to carefully consider your options. If you already have a mortgage, a good starting point is to check whether you can redraw money from that. You could also consider applying for a new home loan. 

Before taking out a new loan, it’s good to note that lenders are likely to charge higher interest rates on home repair loans for bad credit customers. Alternatively, they may be willing to lend you a smaller amount than a standard loan. You may also face some challenges with getting your home renovation loan application approved. If you do run into trouble, you can speak to your lender and ask whether they would be willing to approve your application if you have a guarantor or co-signer. You should also explain the reasons behind your bad credit rating and the steps that you’re taking to improve it. 

Consulting a financial advisor or mortgage broker can help you understand your options and make the right choice.

Can I apply for an ANZ non-resident home loan? 

You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:

  1. You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
  2. Your job is included in the Australian government’s Medium and Long Term Strategic Skills List. 

However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.

How to apply for a pre-approval home loan from Bendigo Bank?

Applying for pre-approval on your home loan gives you confidence in your ability to secure finance while looking at potential new homes. You can get a free and personalised pre-approval home loan from Bendigo Bank in just a few minutes, without any credit checks or paperwork. 

Bendigo Bank offers pre-approval for home loans that allow you to understand the home loan size you may be able to get before looking for a new home. 

With the pre-approval, Bendigo Bank provides an estimate of your borrowing power. This figure incorporates stamp duty, lenders mortgage insurance (LMI) and any first home buyer incentives you may be eligible for. You may also qualify for the First Home Loan Deposit Scheme initiative, depending on your circumstances. 

To apply for a pre-approval on your home loan from Bendigo Bank, all you need to do is fill in a smart form. You could also contact the bank directly on 1300 236 344.