People’s Choice dates back to 1949 and is now one of Australia’s largest credit unions. Formerly People's Choice Credit Union, the organisation was created through the merger of Australian Central and Savings & Loans in December 2009. Member-owned, its customers get a say in how the credit union is run. People’s Choice meets the same regulatory standards as banks and provides a wide range of financial products and services, including home loans, business accounts, and savings and investment products as well as financial advice.
People's Choice home loans
Other available products
Why choose People's Choice
Benefits
- Flexible borrowing limits.
- Extended loan terms.
- Opportunity to bundle other financial products.
- Online application process.
- Broad range of home loan products.
Drawbacks
- Must be a member.
- Limited branch access in some states.
- Slightly high interest rates.
- Ongoing fees on some accounts.
People's Choice Home Loans
Provider
Compare
Australian Credit Licence 244310Fees & charges apply
9.41%
9.48%
$3,036
Standard Variable Loan
Australian Credit Licence 244310Fees & charges apply
6.74%
7.10%
$2,416
Variable Loan Package
Australian Credit Licence 244310Fees & charges apply
6.09%
6.10%
$2,274
New Business Offer - Basic Variable Loan
Australian Credit Licence 244310Fees & charges apply
5.99%
6.00%
$2,253
New Business Offer - Basic Variable Loan
Australian Credit Licence 244310Fees & charges apply
5.49%
6.20%
$2,147
Fixed Loan Package
Home Loans calculator
Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated mortgage repayments
at interest rate 5.39%
Total interest payable
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Total loan repayments
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People's Choice customer service
People’s Choice has branches in Adelaide, Canberra, Darwin and Perth and regional locations in South Australia, Northern Territory, Victoria, Western Australia and the Australian Capital Territory. Members can access their accounts and funds via ATMs, mobile banking and payment apps, internet banking and telephone banking facilities, as well as Bank@Post.
- Customer service centre (phone)
- Mobile banking and payment apps
- Online banking
- Online inquiries
- Branch network
- Mobile home lenders
How to Apply
To become a member of People’s Choice, you need to complete a membership application. You can visit one of their branches, call the national contact centre or visit a Bank@Post outlet. Membership is gained by buying a share for just $2 and is open to any resident of Australia. Documents you need to apply for a home loan include:
- Personal ID.
- Proof of income – whether you are self-employed or work for an employer.
- Proof of other income, including rental income.
- Information regarding existing debts, liabilities and assets.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.