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Current as at 23 March 2021
New Business - Basic Variable Home Loan
| Product Name |
Tier |
Discount to the Basic Variable Rate |
Principal & Interest |
Principal & Interest |
Interest Only Rate with Discount |
Interest Only Comparison Rate |
|---|---|---|---|---|---|---|
| Basic Variable New Business Home Loan <80% Ratez | $150,000 - $1,500,000 | 1.44% p.a. | 2.49% p.a. | 2.49% p.a. | n/a | n/a |
| $150,000 - $1,500,000 | 1.79% p.a. | n/a | n/a | 2.69% p.a. | 2.69% p.a. | |
| Basic Variable New Business Home Loan >80% Ratez | $150,000 - $1,500,000 | 1.29% p.a. | 2.64% p.a. | 2.64% p.a. | n/a | n/a |
| $150,000 - $1,500,000 | 1.64% p.a. | n/a | n/a | 2.84% p.a. | 2.84% p.a. |
Variable Home Loan Package
| Product Name | Tier | Discount to the Standard Variable Rate | Principal & Interest Rate with Package Discount | Principal & Interest Comparison Rate | Interest Only Rate with Package Discount | Interest Only Comparison Rate |
|---|---|---|---|---|---|---|
| Variable Home Loan Package <80% LVR~a | $100,000 - $1,500,000 | 1.67% p.a. | 2.84% p.a. | 3.26% p.a. | n/a | n/a |
| Variable Home Loan Package >80% LVR~b | $100,000 - $1,500,000 | 1.52% p.a. | 2.99% p.a. | 3.41% p.a. | n/a | n/a |
| Variable Home Loan Package <80% LVR~e | $100,000 - $1,500,000 | 2.02% p.a. | n/a | n/a | 3.04% p.a. | 3.46% p.a. |
| Variable Home Loan Package IO >80% LVR~e | $100,000 - $1,500,000 | 1.87% p.a. | n/a | n/a | 3.19% p.a. | 3.60% p.a. |
First Home Buyer - 1 Year Fixed Home Loan Package
| Product Name | Tier | Principal & Interest Rate | Principal & Interest Comparison Rate | Interest Only Rate | Interest Only Comparison Rate |
|---|---|---|---|---|---|
| 1 Year Fixed Home Loan Package (First Home Buyer) (<80% LVR)c | $100,000 - $1,500,000 | 1.99% p.a. | 3.19% p.a. | 2.19% p.a. | 3.38% p.a. |
| 1 Year Fixed Home Loan Package (First Home Buyer) (>80% LVR)c | $100,000 - $1,500,000 | 2.14% p.a. | 3.33% p.a. | 2.34% p.a. | 3.53% p.a. |
LVR = Loan to Value Ratio.
~ Rate determined by total lending balance held within People’s Choice Home and Investment Loan Package products.
a Limited time only. Borrower must qualify for a Home Loan Package. Current Annual Fee of $395 applies. Rate current for new applications from 21 August 2020 and subject to change without notice. Under the Package, a 1.67%p.a. discount is applied to the Standard Variable Principal and Interest rate for the life of the loan. Maximum Loan to Value Ration (LVR) is 80.00%. Minimum new borrowings $100,000. Investment Loans are excluded from this offer.
b Limited time only. Borrower must qualify for a Home Loan Package. Current Annual Fee of $395 applies. Rate current for new applications from 23 March 2021 and subject to change without notice. Under the Package, a 1.52%p.a. discount is applied to the Standard Variable Principal and Interest rate for the life of the loan. Loan to Value Ratio(LVR) >80.00%. Minimum new borrowings $100,000. Investment Loans are excluded from this offer.
c Rate offer is available for new applications submitted from 21 August 2020 and subject to change without notice. Home Loan Rate available for first home buyers only (each borrower on the loan must have never previously owned a residential property either separately or jointly with another person). Rate is based on the Loan to Value Ratio (LVR) at the time of application. Investment Loans are excluded from this offer.
d Minimum Loan $100,000. After the fixed period, loan reverts to applicable Variable Home Loan Principal and Interest or Interest Only rate at the time, determined by total package lending balance and LVR.
e Limited time only. Borrower must qualify for a Home Loan Package. Current Annual Fee of $395 applies. Rate current for new applications from 23 March 2021 and subject to change without notice. Under the Package, a 2.02%p.a. discount is applied to the Standard Variable Interest Only rate for the life of the loan. Maximum Loan to Value Ratio (LVR) is 80.00%. Minimum new borrowings $100,000. Investment Loans are excluded from this offer.
z Limited Time Only. Rates are current for new applications from 23 March 2021, with rates and discounts subject to change at any time. Members with an existing Basic Variable loan must increase their borrowings by an amount that increases their Basic Variable loan to an amount greater than $150,000. No Offset Account allowed.
Terms, conditions, fees, charges and lending criteria apply and are available on application.
The comparison rate is for a loan of $150,000 over 25 years. WARNING:This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
People's Choice Credit Union, 50 Flinders Street, Adelaide 5000, a trading name of Australian Central Credit Union Ltd ABN 11 087 651 125 AFSL, Australian Credit Licence 244310.