Variable Home Loan

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Our Variable Home Loans are all about flexibility. If you want to pay off your home loan sooner you can make extra repayments without any penalty fees. Plus, if you need that money later you can get it back again.

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A variable rate loan is simple. If interest rates go down, so do your repayments. Or, if interest rates increase, then your minimum repayment will too.

Produce and print a Key Home Loan fact sheet for this home loan, or contact us if you're ready to apply or to find out more.

More Information

Features & benefits:

  • Loan terms up to 30 years available.
  • An offset facility linked to your loan may help you reduce the interest payable and time taken to pay off your loan.1
  • Going green? You might be eligible for a discount of up to 0.70%p.a.2 below the standard variable rate for the term of the loan, if the home you're buying or building has a high energy rating or other environmental saving features.
  • Make unlimited extra repayments without any penalty fees.
  • The flexibility to redraw any extra payment you have made if you need the money back again.
  • Personalise your repayments to suit your budget - weekly, fortnightly or monthly.
  • Each loan comes with up to 90 days free pre-settlement insurance if you take out home & contents insurance through us.
  • Fast approval to get you into your new home sooner.

Other options:

  • A Basic Variable Loan which gives you a lower rate for a low monthly fee.
  • Make interest only repayments.
  • Want the best of both worlds? Combine your loan so part of it is fixed and part of it is variable.
  • First home buyers can set up a family guarantee or may qualify to take the loan over a 40 year term if required.
  • Set up your Standard Variable Loan to pay no annual or monthly account keeping fees.

Current interest rates

Fees and charges

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Home Loan
Adviser
Call
13 11 82  
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Helpful tools and guides:

 

Other loans you may like to consider:

1 Offset not available on Basic Variable Rate Loans.

2 0.7%p.a. discount off the standard variable rate for the term of the loan. Discount subject to verification of qualifying criteria.

Terms, conditions, fees, charges and lending criteria apply and are available on application.

You should consider our Product Disclosure Statements and other Disclosure Documents. This information and advice is provided without reference to your personal circumstances so you should consider whether this product fits your objectives financial situation and needs. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.

Insurance issued by CGU:

Insurance products are issued by CGU Insurance Ltd ABN 27 004 478 371 AFSL 238291 (CGU). This information must be read in conjunction with the Product Disclosure Statement (PDS) which sets out the full details of cover plus explanations and any applicable limits and exclusions. The PDS for this product are available from any People's Choice Credit Union branch or CGU. You should consider the PDS in deciding whether to buy or hold the product.

All our insurance issuers pay commission at rates which range from 0% - 30% of the base premium. The commission rate varies depending on the type of insurance.

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