People’s Choice Credit Union has taken the lead for new home loans with its new variable home loan rate of only 3.59% per annum, an offer that gives owner occupiers the benefit of a new wave of competition.
The new rate, which equates to a comparison rate of 3.99% per annum, is being offered for new loans from 8 February 2018 for owner occupiers with a loan-to-value ratio under 80% and a minimum amount borrowed of $100,000.
People’s Choice spokesperson Stuart Symons said the compelling low rate was on offer only for new applications lodged before 30 June 2018, and was subject to change at any time.
“We predict increased competition in the home loan market this year, and People’s Choice is proud to offer members one of the country’s lowest variable rates,” Mr Symons said.
“There is a clear benefit to eligible borrowers if they take up this offer while it lasts – you get to pocket the savings from this low rate, paying off your home sooner or using those savings for the other things you need in your life,” he said.
Mr Symons said People’s Choice offered a convincing financial reason to switch, but also a very personal reason: service.
“People’s Choice has won multiple awards for customer satisfaction – twice in three years – and for trust and friendliness of staff, and Canstar has named People’s Choice the best customer-owned institution for first home buyers every year since 2013 in our main markets,” Mr Symons said.
“You won’t be treated as a customer, you will be treated as a member – and you’ll have one of the best home loan rates in the country,” he said.
Take the first step to one of Australia’s lowest rates. Find out more here, call 13 11 82 or visit your local People’s Choice branch.
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