Home loan packages
We have a range of home loan packages to suit your needs, see our options below and choose the product that fits you.
Compare home loans
If you aren’t sure which loan will be best for your needs, our comparison tool is a great place to start.
What you need to know
We know that getting started can be tough, but we are here to guide you through the process and make it as simple as possible.
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Most popular questions
- At the end of the fixed period, the loan will revert to the variable rate package unless we agree otherwise, but you can talk to us if you’d like to re-fix your rate or review our other home loan options. If your loan reverts to the variable rate page, the interest rate applicable will be determined by your total loan balance at that time.
- There are no restrictions to the number of loans that can be incorporated under one $395 annual fee.
Our Home Loan Package offers variable, line of credit and fixed rate products.
- Yes, you can take advantage of this immediately. You'll be entitled to one free valuation each year when you increase your borrowings within your home loan package.
- You can make additional repayments up to $10,000 per anniversary year. Break Costs may apply for repayments above the $10,000 limit. Redrawing the additional repayments is not permitted. Splitting your loan with a variable rate product can allow you to make unlimited extra repayments on the variable portion without incurring any Break Costs whilst still having the security of having a fixed interest rate on a portion of your loan.
If I select to lock in a rate for my new fixed rate package application, how long is the rate guaranteed for?This rate will be held for the 90 day ‘Approved Period’ from the date that the completed rate lock form is received by People’s Choice Credit Union. This 90 day rate guarantee does not extend beyond the expiration date of the conditional loan approval.
- Yes, our Variable Rate Package enables you to make unlimited extra repayments.
- Yes, our Variable Home Loan package offers you the flexibility to redraw any extra repayments you have made if you need the money back again. Redraw can be accessed online or via one of our branches.
- An offset facility is available on our Variable Home Loan Package. Linking an offset account to your loan may help you reduce the interest payable and time taken to pay off your loan.