People's Choice Credit Union Fixed Rate Investment Loan (Interest Only) 3 Years | Review & Compare Home Loans

Fixed Rate Loan

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Advertised Rate

2.89

% p.a

Fixed - 3 years

Comparison Rate*

4.71

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$1,406

based on $300,000 loan amount for 25 years at 2.89%

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Summary
Features & fees
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Advertised Rate

2.89

% p.a

Fixed - 3 years

Comparison Rate*

4.71

% p.a

Maximum LVR

90%

Real Time Rating™

Monthly Repayment

$1,406

based on $300,000 loan amount for 25 years at 2.89%

Calculate your repayments for this loan

Your estimated repayment

$1,406

based on $300,000 loan amount for 25 years at 2.89%

Based on your details, you can compare and save on the following home loans

Monthly Repayment

$1,122

based on $300,000 loan amount for 25 years at 2.09%

Advertised Rate

2.09

% p.a

Fixed - 3 years

Comparison Rate*

2.46

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
Split account option

Real Time Rating™

More Features

Monthly Repayment

$1,122

based on $300,000 loan amount for 25 years at 2.09%

Advertised Rate

2.09

% p.a

Fixed - 3 years

Comparison Rate*

2.17

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

Real Time Rating™

More Features

Monthly Repayment

$1,153

based on $300,000 loan amount for 25 years at 2.29%

Advertised Rate

2.29

% p.a

Fixed - 3 years

Comparison Rate*

3.06

% p.a

Interest rates ranked in the best 20%
Suitable for low deposits
Parents can sign as guarantor
Extra repayments and redraw facility

Real Time Rating™

More Features

Quick home loan review

For Fixed Rate Investment Loan (Interest Only) 3 Years

These are the benefits of this home loan.

Lower than average interest rate
Parents can sign as guarantor
Split account option

These are the drawbacks of this home loan.

Limited extra repayments
No redraw and no offset
Loan reverts to higher rate after fixed period
Ongoing fee
Higher than average upfront fee
Discharge fee at end of loan
No repayment holidays

Home loan overview

For Fixed Rate Investment Loan (Interest Only) 3 Years

Details
Features
Fees
Application method

Details

Maximum LVR 90%	Total Repayments $216,900 View repayment schedule »
Next LVR	Interest rate type Fixed - 3 years
Borrowing range $20k - $100m Calculate how much you can borrow	Suitable for Investors
Loan term range 1 - 30 years	Principal & interest
Interest only	Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make repayments Fortnightly, Monthly, Weekly

Features

Extra repayments Yes - limited to $10000	Offset account No
Redraw facility	Split interest facility
Loan portable	Repayment holiday available
Allow guarantors	Available for first home buyers

Fees

Total estimated upfront fees 750	Application fee 600
Legal fee $0	Valuation fee $0
Settlement fee 150	Other upfront fee 0
Ongoing fee $8 monthly	Discharge fee 350

Application method

Online	Phone
Broker Talk to an expert	In branch

Specials

Cashback Get $3,000 cashback when you refinance your home loan over $250,000 (LVR <80%).
Refinance applications for a home or investment loan submitted before 30 September 2021, and approved and funded by 31 December 2021.

Compare and review home loans with similar features

Advertised Rate

2.09

% p.a

Fixed - 3 years

Comparison Rate*

2.46

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
Split account option

Real Time Rating™

Advertised Rate

2.09

% p.a

Fixed - 3 years

Comparison Rate*

2.17

% p.a

Interest rates ranked in the best 20%
No ongoing fees
Extra repayments and redraw facility
Free redraw facility

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Advertised Rate

2.79

% p.a

Fixed - 3 years

Comparison Rate*

4.83

% p.a

Lower than average interest rate
Parents can sign as guarantor
Extra repayments and redraw facility
Free redraw facility

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Advertised Rate

1.85

% p.a

Fixed - 3 years

Comparison Rate*

2.24

% p.a

Interest rates ranked in the best 20%
No upfront or ongoing fees
Split account option

Real Time Rating™

FAQs

The range you can borrow from this loan is $20k to $99,999,999.

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

People's Choice allows you to have this loan for a range of 1 to 30 years.

People's Choice allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

While it could change based on your circumstances, RateCity estimates that this loan option comes with $750 worth of upfront fees.

No, this loan doesn't come with a redraw facility.

To apply for this loan, please contact People's Choice.

Yes, this People's Choice loan is available through a broker. Find a broker to help you with your needs.

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