Fixed Home Loan

 General Lending Rates

• Lending Rate Type: Fixed
• Interest Rate: 5.99%, Comparison Rate 8.31%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Fixed
• Interest Rate: 5.89%, Comparison Rate 8.03%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Fixed
• Interest Rate: 5.89%, Comparison Rate 7.80%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Fixed
• Interest Rate: 5.89%, Comparison Rate 7.60%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

 Product Features

• Digital Banking

• Other Additional Information: Flexible repayment frequency - pay weekly, fortnightly or monthly.

• Other Additional Information: $0 Visa Credit Card Annual Fee - save $59.

• Other Additional Information: Rate-lock facility - guarantee your chosen fixed rate for up to 90 days from when you apply to when your loan funds.

• Extra Repayments Additional Information: Make extra repayments up to $10,000 per year.

• Guarantor Additional Information: Family Guarantees can help applicants get into their home sooner by reducing the amount of deposit required

• Relationship Management Additional Information: Our Program One to One provides a higher level of personalised service to members that have significant business with the Credit Union, measured by borrowings and/or deposits. This is achieved by providing each member with their own Relationship Manager as a single point of contact for all their financial service needs.

 Product Eligibility

• Natural Person - Personal Members Only.

• Residency Status - Permanent Residents Of Australia Who Reside In Australia At The Time Of Membership Application Are Eligible For Membership, Regardless Of Citizenship Status..

• Min Age - 18. Additional Information: 18 years and over

• Other Additional Information: Terms, conditions, fees, charges and lending criteria apply and are available on application

 Bank Fees and Charges

• Application Fee (Upfront), Amount: 600.00.

• Settlement Fee (Upfront), Amount: 150.00.

• Security Handling Fee (Event), Amount: 150.00. Additional Information: Charged per occurrence. Payable in the following circumstances; deed of priority, title production, variation of priority, consent or name change.

• Portability Fee (Event), Amount: 300.00. Additional Information: Charged per occasion when you wish to change the security(ies) against an existing loan(s) and there is no change to the existing loan(s) amount, loan interest rate or type, term of the loan(s), product type, borrowers or mortgagors. Discharge fees may also apply.

• Top Up Fee (Event), Amount: 400.00. Additional Information: Payable when you request and we approve additional funds to your existing borrowings and there is no change to the security or borrowers.

• Discharge Of Mortgage (Event), Amount: 350.00. Additional Information: For the preparation of a discharge of mortgage.

• Documentation Fee (Event), Amount: 200.00. Additional Information: Payable in the following circumstances: preparation of an additional mortgage; preparation of a guarantee; or where documents have been cancelled or redone, at your request, after contracts have been issued.

• Valuation Fee (Variable), Amount: Not Listed.. Additional Information: Valuation Fee at cost and payable by member.

• Rate Lock Option (Event), Amount: Not Listed.. Additional Information: Optional charge for fixed interest rate loans to hold the advertised interest rate at the time of your application or where you refix your loan for an approved period.

• Break Cost Fee (Variable), Amount: Not Listed.. Additional Information: Break Cost Fees apply to Fixed Rate Loans only. A Break Cost Fee will be payable by you where a ‘Break Event’ occurs. Refer to the Lending Terms & Conditions document for the definition of a ‘Break Event’ and for details of how a Break Cost fee is calculated.

• Monthly Fee (Periodic), Amount: 8.00.

• Bank Cheque Fee (Variable), Amount: Not Listed.. Additional Information: Bank Cheque Fee at cost to People's Choice per cheque

• Lenders Mortgage Insurance (lmi) (Variable), Amount: Not Listed.. Additional Information: Payable when Loan to Value Ratio (LVR) is above 80%

• Solicitor's/conveyancer Fee (Variable), Amount: Not Listed.. Additional Information: This fee is payable at-cost on the date of settlement and covers activities such as reviewing the contract of sale, conducting property searches, liaising with your financial institution, and preparing for settlement to ensure a smooth transaction.

• Land Title Office Fees (Variable), Amount: Not Listed.. Additional Information: Any fee payable at-cost on the date of settlement that are charged by the various states Land Title Offices regarding but not limited to registration of mortgage, transfer of title, property and title searches.

• Arrears Administration Fee 1 (Event), Amount: 25.00. Additional Information: Payable if you fail to make repayments due under your credit contract and you do not pay an amount sufficient to clear all repayment arrears within 7 days of us notifying you that your account is in arrears.

• Arrears Administration Fee 2 (Event), Amount: 25.00. Additional Information: Payable if you fail to make repayments due under your credit contract and your account remains in arrears for a period of 20 days or more.

• Enforcement Of Mortgage Fee (Event), Amount: 70.00. Additional Information: Charged whenever an enforcement notice is issued in relation to a credit contract that is secured by a mortgage over real property.

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00 Additional Information: Minimum loan size is $20,000.00

 Document Downloads