Variable Rate Owner Occupier Loan 5.99% (Comparison Rate 6.00%) (LVR < 70%) @ Peoples Choice Credit Union

80

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AssociatedLendingWorkshop @ Lending Workshop on 19/08/2024 - 09:01 peopleschoice.com.au (163 clicks)
Last edited 19/08/2024 - 19:57 by 1 other user

Hello Ozbargainers,

Thank you so much for your support so far.

The rate mentioned in the deal is for their Owner Occupier Basic Variable Home Loan with Principal and Interest repayments.

Fees - refer to Fee Section on this page. There is no application or ongoing monthly/annual fee. Only valuation fee that is passed on to customer "At Cost".

There is no offset account option available with Basic Variable Home Loan

If you want an offset account, you will need to consider their Variable Home Loan Package. The rate is 5.99% p.a.(Comparison Rate 6.36% p.a.).

I have been able to negotiate the variable rate down to 5.84% for Variable Home Loan Package product. It was for a larger loan with LVR upto 70%.

General Advice Warning- The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation, any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.

Comparison rate warning: The comparison rate is for a loan of $150,000 over 25 years. WARNING:This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

0.3% broker cashback (Removed duplicate offer from title — Mod)

The easiest way to reach out, is to book an obligation-free appointment in my calendar. You can also call me on my mobile number mentioned in the signature below.

My Profile:
I am an ex-banker with 13+ years of finance industry experience.

Regards,
Roopali
0415 719 759
Director | Mortgage Broker - Lending Workshop
Credit Representative Number 544854| Australian Credit License Number 389328| ABN 98 663 429 598|Certified FBAA Member M-353524.

Email [email protected]
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  CyberMurning on 19/08/2024 - 09:18

  investor promo?

  • 

    rdhupar on 19/08/2024 - 09:18

    Was going to ask the same?

    • 

      CyberMurning on 19/08/2024 - 09:20

      @LendingWorkshop
      if none please mention so some of us are not get too excited.

      • 

        AssociatedLendingWorkshop @ Lending Workshop on 19/08/2024 - 09:23

        The rates are starting 6.24% p.a.(Comparison Rate 6.25% pa.a) before negotiations and you can combine broker cashback with those too.

  • 

    AssociatedLendingWorkshop @ Lending Workshop on 19/08/2024 - 09:20

    hi @CyberMurning, the advertised Investor rates are at this link but if you want to know negotiated rates, those depend on individual circumstances.

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  Turbonetics on 19/08/2024 - 10:08

  Whats the cost of a valuation? if you could provide a range.

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    AssociatedLendingWorkshop @ Lending Workshop on 19/08/2024 - 11:30

    Hi @Turbonetics, below are some approximate figures. The type of valuation varies from one property to another and the LVR etc. So not sure what type will be triggered for your case.

    Depending on your loan amount the package product might work out better and the first valuation for that one is free. For basic product or for more valuations, below figures apply.

    ~$40 - AVM(Automated Valuation Model)
    ~$200 - Desktop
    ~$350-$400 - Short Form Valuation.

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  fade on 19/08/2024 - 11:13

  Does the bank accept council valuations on rates notice?

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    AssociatedLendingWorkshop @ Lending Workshop on 19/08/2024 - 11:35

    hi @fade, the bank won't accept council rates notice figures. Although I get your point.

    There is an option to take packaged product and get 1 free valuation. And room for negotiating interest rates on that one. So that might work out better based on your loan amount and LVR.

    Refer to above comment for some approximate fees for the valuations.

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  douglasac10 on 19/08/2024 - 12:47

  +1

  I've had two co-workers attempt to apply for mortgages through People's Choice and one attempt to apply for a personal loan.

  In each case they got the run around for weeks (if not months) - all ended up going to Bendigo Bank and getting it sorted within days.

  Can't exactly call that a ringing endorsement of this particular institution.