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Current as at 18 October 2019
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. | 4.51% p.a. | 4.89% p.a. | 4.81% p.a. | 5.19% p.a. |
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 IO <80% LVR~c | $100,000 - $1,500,000 | 1.57% p.a. | n/a | n/a | 4.14% p.a. | 4.53% p.a. |
| Variable Investment Loan Package <90% LVR~b | $100,000 - $1,500,000 | 1.57% p.a. | 3.84% p.a. | 4.24% p.a. | n/a | n/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 | 3.49% p.a. | 4.80% p.a. | 3.74% p.a. | 5.08% p.a. |
| Fixed Investment Loan Package | 2 years | 3.28% p.a. | 4.67% p.a. | 3.54% p.a. | 4.95% p.a. |
| Fixed Investment Loan Package | 3 years | 3.38% p.a. | 4.60% p.a. | 3.54% p.a. | 4.85% p.a. |
| Fixed Investment Loan Package | 4 years | 3.84% p.a. | 4.67% p.a. | 4.04% p.a. | 4.92% p.a. |
| Fixed Investment Loan Package | 5 years | 3.84% p.a. | 4.62% p.a. | 4.14% p.a. | 4.91% 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. | 5.40% p.a. | n/a |
LVR = Loan to Value Ratio.
~ Rate determined by total balance of People’s Choice Investment Lending products.
b Limited time only. Borrower must qualify for an Investment Loan Package. Current Annual Fee of $395 applies. Rate current for new applications from 18/10/2019 and subject to change without notice. Under the Package, a 1.57%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.
c Limited time only. Borrower must qualify for an Investment Loan Package. Current Annual Fee of $395 applies. Rate current for new applications from 18/10/2019 and subject to change without notice. Under the Package, a 1.57%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.