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Current as at 26 March 2020
New Business Offer - Variable Investment 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 Investment Loan Package <80% LVR~f | $100,000 - $1,500,000 | 1.87% p.a. | 3.29% p.a. | 3.70% p.a. | n/a | n/a |
| Variable Investment Loan Package <90% LVR~g | $100,000 - $1,500,000 | 1.66% p.a. | 3.50% p.a. | 3.90% p.a. | n/a | n/a |
| Variable Investment Loan Package IO <80% LVR~h | $100,000 - $1,500,000 | 1.66% p.a. | n/a | n/a | 3.80% p.a. | 4.20% p.a. |
Variable Investment 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 Investment Loan Package~ | $100,000 - $1,500,000 | 0.90% p.a. | 4.26% p.a. | 4.65% p.a. | 4.56% p.a. | 4.94% p.a. |
Fixed Investment Loan Package
| Product Name | Term | Principal & Interest Rate | Principal & Interest Comparison Rate | Interest Only Rate | Interest Only Comparison Rate |
|---|---|---|---|---|---|
| Fixed Investment Loan Package | 1 year | 2.89% p.a. | 4.52% p.a. | 3.14% p.a. | 4.81% p.a. |
| Fixed Investment Loan Package | 2 years | 2.48% p.a. | 4.33% p.a. | 2.74% p.a. | 4.61% p.a. |
| Fixed Investment Loan Package | 3 years | 2.58% p.a. | 4.22% p.a. | 2.74% p.a. | 4.47% p.a. |
| Fixed Investment Loan Package | 4 years | 3.14% p.a. | 4.27% p.a. | 3.34% p.a. | 4.53% p.a. |
| Fixed Investment Loan Package | 5 years | 3.14% p.a. | 4.20% p.a. | 3.44% p.a. | 4.49% p.a. |
Line of Credit Package
| Product Name | Tier | Discount to the Line of Credit Rate | Line of Credit Rate with Package Discount | Comparison Rate |
|---|---|---|---|---|
| Line of Credit Package~ | $100,000 - $500,000 | 0.45% p.a. | 5.15% p.a. | n/a |
LVR = Loan to Value Ratio.
~ Rate determined by total balance of People’s Choice Investment Lending products.
f Limited time only. Borrower must qualify for an Investment Loan Package. Current Annual Fee of $395 applies. Rate current for new applications from 17 March 2020 and subject to change without notice. Under the Package, a 1.87%p.a. discount is applied to the Standard Variable Investment principal and interest rate for the life of the loan. Maximum LVR 80.00%. Minimum new borrowings $100,000.
g Limited time only. Borrower must qualify for an Investment Loan Package. Current Annual Fee of $395 applies. Rate current for new applications from 17 March 2020 and subject to change without notice. Under the Package, a 1.66%p.a. discount is applied to the Standard Variable Investment principal and interest rate for the life of the loan. Maximum LVR 90.00%. Minimum new borrowings $100,000.
h Limited time only. Borrower must qualify for an Investment Loan Package. Current Annual Fee of $395 applies. Rate current for new applications from 17 March 2020 and subject to change without notice. Under the Package, a 1.66%p.a. discount is applied to the Standard Variable Investment interest only rate for the life of the loan. Maximum LVR 80.00%. Minimum new borrowings $100,000.
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.