See how you can pay off your loan faster. To use the calculator, select the relevant home loan product, then click the Extra repayments dropdown.

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We've got a range of home loans to choose from.

Most popular questions

  • How can I make a loan repayment?

    If you have registered for Internet Banking at People's Choice, you can set up a scheduled transfer to make recurring payments on your loan. Simply log in to Internet Banking, click on 'Transfer' under the 'Transfer/Pay' tab, click on the 'Schedule Payment' icon and follow the prompts.
    Don't have Internet Banking? Call us on 13 11 82 or visit your nearest branch, so our friendly staff can ask you a few security questions to be sure we're talking to the account holder. We'll then be able to set up your Internet Banking and you can start checking in on your accounts online right away.
    If transferring your payment from another financial institution, use the BSB 805 050, your loan account number and your surname for the account name.
  • Can I pay extra off my Fixed rate home loan?

    If you choose a fixed rate home or investment loan you can make additional repayments, but if you make extra repayments of more than $10,000 in a year during a fixed rate period then a Break Cost fee will be payable. Redrawing the additional repayments is not permitted.
  • Can I pay extra off my standard variable home loan?

    Yes, our Standard Variable Home Loan enables you to make unlimited extra repayments.
  • Can I pay extra off my basic variable home loan?

    Yes, our Basic Variable Home Loan enables you to make unlimited extra repayments.
  • What is Responsible Lending?

    At People's Choice Credit Union we understand that credit is a very important facility which allows you to achieve your personal, financial or lifestyle goals faster than you could if you had to rely on your savings alone.

    As a mutually owned financial institution we embrace our responsibility to understand your personal situation when we make recommendations regarding providing, extending or arranging credit for you. This is to ensure you are reasonably likely to meet the obligations you have in respect of repaying the debt and avoid experiencing financial stress.

    But we recognise that situations may change from time to time which may inhibit your ability to meet your credit repayment obligations. We understand the pressures that you and your family may experience during these difficult times and we work with you to find a mutually acceptable solution to aid in your overall debt management strategies and to continue to work with you to achieve your financial goals.
  • What is Lenders Mortgage Insurance?

    Lenders Mortgage Insurance (LMI) is an insurance that protects the lender in the event of default by the borrower.
  • How to avoid Lenders' Mortgage Insurance?

    To avoid Lenders' Mortgage Insurance it is generally recommended the borrower keep their LVR (Loan to Value Ratio) below >80% plus any fees (conveyancer, stamp duty, building inspection, etc). If the borrower has a deposit of 20% or more of the property value, then they may not be required to pay LMI. For more information on whether you’ll need LMI please speak to one of our Home Loan Advisers or call 13 11 82.

More home loan calculators

We've got a range of home loan calculators to help you work out things like stamp duty and borrowing power.

Guides and tips

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