At a glance
- Variable (owner occ. P&I)
- 8.18%
- Max LVR
- 95%
- Annual fee
- $96
- Features
- offset, redraw, extra repayments
Rates
The one rate People First Bank publishes for this home loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied, P&I | - | ≤95% LVR | 8.18% | - | LOWER OF FBT RATE OR BASIC VARIABLE RATE |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 13 Oct 2026 | Variable, Owner occupied, P&I, ≤95% LVR | 7.93% | 8.18% | up 0.25 |
Each change is logged the night it appears in the rates People First and Heritage Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
15 fees published, grouped by when they're charged.
- When you take it outUp to $6002 fees, each listed below
- While you hold it$8 a monthOffset Account
- When you close it or pay it offNo fee published
When you take it out2
- Application Fee
Staff Benefit
$600 - Settlement Fee
$0 Settlement Fee - Save $150 Staff Benefit
$150
While you hold it1
- Offset Account
Only one fee will be charged per loan if multiple OffsetAccounts are held and are linked to the eligible loan. Staff Benefit
$8 a month
When particular things happen5
- Discharge of Mortgage
For the preparation of a discharge of mortgage. Staff Benefit
$350 - Documentation Fee
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… Staff Benefit
$200 - Portability Fee
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), prod… Staff Benefit
$300 - Security Handling Fee
Charged per occurrence. Payable in the following circumstances; deed of priority, title production, variation of priority, consent or name change. Staff Benefit
$150 - Top Up Fee
Payable when you request and we approve additional funds to your existing borrowings and there is no change to the security or borrowers. Staff Benefit
$400
Other fees7
- Bank Cheque Fee
Bank Cheque Fee at cost to People's Choice per cheque
$0 to $0 - Land Title Office Fees
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 titl…
$0 to $0 - Land Title Office Fees
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 titl…
$0 to $0 - Lenders Mortgage Insurance (LMI)
Payable when Loan to Value Ratio (LVR) is above 80%
$0 to $0 - Solicitor's/Conveyancer Fee
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 prepari…
$0 to $0 - Solicitor's/Conveyancer Fee
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 prepari…
$0 to $0 - Valuation Fee
Valuation Fee at cost and payable by member.
$0 to $0
Features
- Repayments are contracted monthly, however flexibility to pay monthly, fortnightly, or weekly.
Eligibility and limits
- Minimum age 18
- Residency: Permanent residents of Australia who reside in Australia at the time of membership application are eligible for membership, regardless of citizenship status.
- Available to individuals
- Amount from $20,000, no maximum
- Terms, conditions, fees, charges and lending criteria apply and are available on application
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Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 30 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.