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People's Choice

Variable Loan Package

Advertised Rate

3.14

% p.a

Variable

Comparison Rate*

3.57

% p.a

Maximum LVR
80%
Real Time Rating™

2.14

/ 5
Monthly Repayment

$1,445

based on $300,000 loan amount for 25 years at 3.14%

Advertised Rate

3.14

% p.a

Variable

Comparison Rate*

3.57

% p.a

Maximum LVR
80%
Real Time Rating™

2.14

/ 5
Monthly Repayment

$1,445

based on $300,000 loan amount for 25 years at 3.14%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,445

based on $300,000 loan amount for 25 years at 3.14%

Quick home loan review

For Package Variable Investment Loan (Principal and Interest) (New Customer) (LVR < 80%)

These are the benefits of this home loan.

  • No upfront fees
  • 100% full offset account
  • Parents can sign as guarantor
  • Extra repayments and redraw facility
  • Free redraw facility
  • Split account option

These are the drawbacks of this home loan.

  • Higher than average interest rate
  • Ongoing fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Package Variable Investment Loan (Principal and Interest) (New Customer) (LVR < 80%)

TMD

Details

Maximum LVR

80%

Total Repayments

Interest rate type

Variable

Borrowing range

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

Unlimited extra repayments

Redraw facility

Redraw fee: $0

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

0

Application fee

0

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$395 annually

Discharge fee

350

Application method

Online

Phone

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 31st December 2021.

Target Market Determination

Visit People's Choice to view Target Market Determination.

Other Benefits

Package includes waived Visa Credit Card annual fees, Personal Loan application fee, and Everyday and Zip account monthly fees

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $100k to $2,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 80 percent, which means it requires a minimum deposit of 20 percent

What's the maximum length for this loan?

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

How often can you make repayments?

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

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $0 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

How do you apply for this loan?

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

Can a broker help me with this loan?

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