FAQ

Most popular questions...

• FREEDOM HOME LOAN PACKAGE

  The Freedom Home Loan is a Home Loan Package from People’s Choice Credit Union which offers interest rate and fee discounts for an annual fee for our members, not only on their home loan but on a wide range of our products and services. 

• FIXED INTEREST RATE

  A fixed interest rate is a locked-in rate that won’t change during a set period of the loan, so you know exactly what your repayments will be.

• INVESTMENT LOAN

  Investment loans are funds borrowed with the intended use of creating wealth or an income source. An investment loan is mostly used for the purpose of a purchase, construction or refinance of a home that will not be owner-occupied.

• HOME LOAN

  A home loan, or mortgage, is a loan you borrow from a financial institution to buy a home. Home loans usually require repayments weekly, fortnightly or monthly and will generally run for a term of up to 30 years. The lender secures the mortgage against your property, so in case you are unable to repay the loan you might be required to sell your home to settle any outstanding debt.

• ESTABLISHMENT FEES

  The establishment fee, often referred to as ‘Application  Fee’ or ‘Up Front Fee’,  are the fees  a lender might charge to cover their internal costs of processing your loan application.