At a glance
- Variable (owner occ. P&I)
- 7.93%
- Max LVR
- 95%
- Annual fee
- $96
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied · P&I | — | ≤95% LVR | 7.93% | — | LOWER OF FBT RATE OR BASIC VARIABLE RATE |
§ 02 — Fees · 15
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Discharge of Mortgage | Event | $350 | — | For the preparation of a discharge of mortgage. Staff Benefit |
| Documentation Fee | Event | $200 | — | 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 |
| Portability Fee | Event | $300 | — | 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 |
| Security Handling Fee | Event | $150 | — | Charged per occurrence. Payable in the following circumstances; deed of priority, title production, variation of priority, consent or name change. Staff Benefit |
| Top Up Fee | Event | $400 | — | 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 |
| Bank Cheque Fee | Other | $0 to $0 | — | Bank Cheque Fee at cost to People's Choice per cheque |
| Land Title Office Fees | Other | $0 to $0 | — | 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… |
| Land Title Office Fees | Other | $0 to $0 | — | 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… |
| Lenders Mortgage Insurance (LMI) | Other | $0 to $0 | — | Payable when Loan to Value Ratio (LVR) is above 80% |
| Solicitor's/Conveyancer Fee | Other | $0 to $0 | — | 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… |
| Solicitor's/Conveyancer Fee | Other | $0 to $0 | — | 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… |
| Valuation Fee | Other | $0 to $0 | — | Valuation Fee at cost and payable by member. |
| Offset Account | Periodic | $8 | Every 1 mo | Only one fee will be charged per loan if multiple OffsetAccounts are held and are linked to the eligible loan. Staff Benefit |
| Application Fee | Upfront | $600 | — | Staff Benefit |
| Settlement Fee | Upfront | $150 | — | $0 Settlement Fee - Save $150 Staff Benefit |
§ 03 — Features
Offset accountRedrawExtra repaymentsDigital banking
- · Flexible repayment frequency - pay weekly, fortnightly or monthly.
§ 04 — Eligibility & 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 $20,000 to no maximum
- · Terms, conditions, fees, charges and lending criteria apply and are available on application
§ 05 — Compare
§ 06 — Run the numbers
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Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 19 May 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.